Thirty-year-old crypto billionaire Sam Bankman-Fried took aim at Bitcoin, the world’s largest cryptocurrency, saying it has no future as a payments network in an interview with Financial Times today. Bankman-Fried is CEO and co-founder of FTX, the second-most popular digital asset exchange by trading volume, according to CoinMarketCap. “The bitcoin […]
cryptocurrency
What’s behind the cryptocurrency selloff
Over the last week, numerous cryptocurrencies have seen prices plunge. As of last week, 40% of bitcoin investors were underwater on their investments, according to data from crypto intelligence firm Glassnode. Bitcoin, which is the largest cryptocurrency by market cap, has its lost half its value over the last few […]
Colorado to become the first state to accept cryptocurrency as payment for taxes
Governor Jared Polis announced the plan on social media Thursday. February 23, 2022, 11:14 PM • 4 min read Share to FacebookShare to TwitterEmail this article Colorado will become the first state to accept cryptocurrency as payment for state taxes and fees, Governor Jared Polis announced Wednesday. Polis said the […]
After Chinese Ban, Cryptocurrency Mining Got Worse for Climate
China’s crackdown on cryptocurrencies upended the world of Bitcoin last year, triggering a mass exodus of “miners” — who use power-hungry computers to mine, or create, new Bitcoins — to new locations around the world. Now, research has found that the exodus likely made cryptomining, which already uses more electricity […]
Invest In Cryptocurrency Responsibly With These 3 Steps
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. Cryptocurrency seems to have the world completely entranced nowadays. From the overwhelmingly successful Coinbase Super […]
What Is A Crypto Wallet?
A Crypto Wallet is an electronic budget containing exclusive tricks that verify ownership of the money. Thus, shedding your budget can cost you your entire cash. For example, 20 percent of all existing Bitcoins were lost in a hack. The amount is estimated at PS100 billion, and the man who […]
Cryptocurrency platform Wormhole restores funds after suffering $320 million hack
Millions of dollars in cryptocurrency stolen late Wednesday from accounts on crypto platform Wormhole have been returned to users, the firm’s leaders said. Wormhole is a decentralized finance, or DeFi, platform that allows users to swap solana directly for other cryptocurrencies on decentralized apps, or dApps, across the ethereum crypto network, […]
Nonfungible Tidbits: This week in bitcoin, cryptocurrency and NFTs
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, […]