Three Arrows Capital crypto hedge fund defaults on Voyager loan

Bitcoin rallied to a record high of nearly $69,000 at the height of the 2021 crypto frenzy. In 2022, it’s moved in the opposite direction. Nurphoto | Getty Images Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on … Read more

Bitcoin price drops below $18,300 as sell-off accelerates

Bitcoin plunged to $18,248, and ether fell to $944 as of mid-afternoon on Saturday, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down by more than 35% in the past week, as both breach symbolic price barriers. Carnage in the crypto market is partly to do with pressure … Read more

Why the $2 trillion crypto market crash won’t kill the economy

Francesco Carta Photographer | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of … Read more

The crypto industry just had one of its worst days ever

Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius is pausing withdrawals for its customers, sparking fears of contagion into the broader market. Nurphoto | Nurphoto | Getty Images Crypto has had a brutal first half of 2022, but few days have been this bad for the … Read more

Ethereum had successful dress rehearsal to move to proof-of-stake

INA FASSBENDER | AFP | Getty Images Ethereum just completed its first big dress rehearsal for a long-awaited makeover that will be its most significant overhaul since the digital currency was launched nearly a decade ago. Cryptocurrencies such as ethereum and bitcoin are often criticized for the process of mining to generate new coins. Both … Read more

Human rights advocates say bitcoin critical in authoritarian countries

WASHINGTON — A week after prominent technologists publicly slammed crypto for being too risky and unproven in a letter to Congress, human rights advocates from around the world have felt a rebuttal to US lawmakers defending digital assets for the access they provide to people in countries where ” local currencies are collapsing, broken, or … Read more

New York crypto mining bill: Senator Anna Kelles interview

Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate of the … Read more

Here’s what’s in New York’s new bitcoin mining ban

Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban new bitcoin mining operations. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it. If Hochul signs the bill, it would make New York the first state … Read more

US dropped the ball on crypto regulation

WASHINGTON — The US has dropped the ball on crypto regulation, according to Securities and Exchange Commissioner Hester Peirce, and she says the knock-on effects of that failure keep her up at night. “There’s a lot of fraud in this space, because it’s the hot area of ​​the moment,” Peirce told CNBC on the sidelines … Read more

managing your financial life using digital coins

Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky. Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins … Read more