After a rough start to the year, the price of bitcoin is about flat in the last seven days. The largest cryptocurrency by market value is currently trading at $41,671, according to Coin Metrics. Ether, the second-largest, is up about 2% in the same time frame. It’s now priced at […]
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EU should ban energy-intensive mode of crypto mining, regulator says
Miners have pushed into countries with plenty of wind and solar power following China’s crackdown © Akos Stiller/Bloomberg A top EU financial regulator has renewed calls for a bloc-wide “ban” on the main form of bitcoin mining and sounded the alarm over the rising proportion of renewable energy devoted to […]
Jared Kushner is a bitcoin and crypto fan, Mnuchin emails show
New documents show that one of former President Donald Trump’s most trusted and senior advisors was secretly pushing the White House to lean into crypto, well before skyrocketing crypto prices reignited mainstream interest in the space. In 2019, when crypto was in the midst of a multiyear bear market, Jared […]
Opinion | The Strange Alliance of Crypto and MAGA Believers
Josh Mandel, a Trump disciple seeking the Republican Senate nomination in Ohio, recently tweeted out what he stands for: “Ohio must be a pro-God, pro-family, pro-Bitcoin state.” Indeed, there has long been a strong connection between support for Bitcoin and right-wing extremism — like the traditional association between conservatism and […]
Bitcoin price ticks up as bank CEO predicts all-time high in 2022
Bitcoin prices continue to rise as major players enter the market. Photo: Camilo Freedman/SOPA Images/LightRocket via Getty Images Major cryptocurrencies were broadly higher on Thursday morning after the head of Swiss bank Seba forecast that bitcoin (BTC-USD) would hit a new high in the next 12 months. CEO Guido Buehler […]
As Kazakhstan Descends Into Chaos, Crypto Miners Are at a Loss
When Denis Rusinovich set up cryptocurrency mining company Maveric Group in Kazakhstan in 2017, he thought he had hit the jackpot. Next door to China and Russia, the country had everything a Bitcoin miner could ask for: a cold climate, legions of old warehouses and factories where the mining rigs […]
Bitcoin mining stocks halve as ‘turbo-charged’ thesis plays out
Just as the price of bitcoin has steadily declined from highs of near $70,000 to around $42,000 today, so too have the share prices of the biggest crypto mining companies fallen. But the decline of those mining stocks — which experts believe represent a kind of turbo-charged proxy for the […]
Kazakhstan bitcoin mining shuts down amid fatal protests
As the Central Asian nation of Kazakhstan plunged into chaos this week, an internet shutdown hit the world’s second-biggest bitcoin mining hub, in yet another blow to miners searching for a permanent and stable home. Less than a year ago, China banished all of its cryptocurrency miners, many of whom […]