What happened this week in the crypto world. Getty Welcome to the first edition of Nonfungible Tidbits, where we highlight some of the most interesting things that happened this week in cryptocurrency, NFTs and related realms. Certainly the biggest story this week was the price of bitcoin, which isn’t, um, […]
crypto
US lawmakers probe into crypto mining companies’ energy use
Democratic lawmakers are pushing Bitcoin mining companies in the US to divulge how much electricity they use in an effort to assess how that will impact nearby residents and the environment. Eight members of Congress sent letters yesterday to six companies that mine Bitcoin in the US asking them about […]
White House Wants Crypto Rules as a Matter of National Security
Text size An executive order would aim to bring order to the government’s approach to regulating cryptocurrencies. Brendan Smialowski / AFP via Getty Images The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as Bitcoin and other cryptocurrencies as […]
El Salvador president posts meme wearing McDonald’s uniform
El Salvador’s crypto-enthusiast president appears to be taking the recent steep drop in bitcoin in stride: After all, if running a country doesn’t work out, there’s always McDonald’s. Nayib Bukele, whose country was the first to adopt bitcoin as legal tender last year, changed his Twitter profile photo on Saturday […]
Odell Beckham Jr. took his $750K salary in bitcoin — how much did it cost him?
Los Angeles Rams wide receiver Odell Beckham Jr. made headlines last November when he announced he would be converting his 2021 salary into bitcoin. The problem for Beckham: that bitcoin BTCUSD, +3.40% prices have been plummeting. Cryptocurrencies including bitcoin and ethereum ETHUSD, +5.23% extended their ongoing slide on Monday. Ether […]
Crypto winter? Investors fear bitcoin has further to drop
Two commemorative bitcoins pictured in front of a Tesla car during cold weather on Jan. 7, 2022. Artur Widak | NurPhoto via Getty Images As cryptocurrency investors reel from the sharp sell-off in bitcoin and other digital currencies, some fear the worst is yet to come. Bitcoin, the world’s largest […]
Treasury plans crackdown on ‘misleading’ cryptocurrency ads | Cryptocurrencies
The government has unveiled plans to crack down on misleading cryptocurrency ads by making them subject to the same regulations as marketing for other financial products such as shares and insurance. The Treasury has responded to rising concern over a surge in ads promoting cryptoassets, which are unregulated in the […]
The future of money: Where blockchain and cryptocurrency will take us next
Special Report The Future of Money From blockchain and bitcoin to NFTs and the metaverse, how fintech innovation is changing the future of money. Read More We are on the precipice of a new form of finance that will use a range of technologies to change the way we use […]