Crypto Crash Widens Divide Between Rich and Amateur Traders

No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.

#armstrong-brian-1983, #bitcoin-currency, #careers-and-professions, #coinbase-inc, #computers-and-the-internet, #currency, #executive-compensation, #gemini-trust-co-llc, #high-net-worth-individuals, #labor-and-jobs, #layoffs-and-job-reductions, #start-ups, #unemployment, #virtual-currency, #winklevoss-cameron, #winklevoss-tyler

The New York Times 9:00 am on June 28, 2022
Tags: Armstrong, Brian (1983- ) ( 7 ), Black People ( 2,791 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Discrimination ( 1,438 ), Kraken (Payward Inc) ( 3 ), Labor and Jobs ( 1,590 ), Musk Elon ( 210 ), Powell, Jesse (Cryptocurrency Executive) ( 2 ), Race and Ethnicity ( 1,888 ), Silicon Valley (Calif) ( 63 ), Space Exploration Technologies Corp ( 96 ), Twitter ( 899 ), Workplace Hazards and Violations ( 554 )

Elon Musk and Kraken’s Jesse Powell Shouldn’t Claim to Be Free Speech Advocates

In Silicon Valley, entrepreneurs are lauded as innovators whose vision exceeds that of ordinary mortals. Sometimes they start believing the hype.

#armstrong-brian-1983, #black-people, #coinbase-inc, #computers-and-the-internet, #discrimination, #kraken-payward-inc, #labor-and-jobs, #musk-elon, #powell-jesse-cryptocurrency-executive, #race-and-ethnicity, #silicon-valley-calif, #space-exploration-technologies-corp, #twitter, #workplace-hazards-and-violations

The New York Times 9:00 am on June 27, 2022
Tags: audio-neutral-informative ( 375 ), Coinbase Inc, Netflix Inc ( 356 ), Sorkin, Andrew Ross ( 2 ), Stocks and Bonds ( 497 ), Twitter ( 899 ), United States Economy ( 1,982 ), Virtual Currency ( 158 )

‘Venture Capitalists Are Going to Turn Into Vulture Capitalists,’ and Other Predictions From Andrew Ross Sorkin

The New York Times DealBook editor and Kara Swisher try to make sense of the economy.

#audio-neutral-informative, #coinbase-inc, #netflix-inc, #sorkin-andrew-ross, #stocks-and-bonds, #twitter, #united-states-economy, #virtual-currency

The New York Times 6:20 pm on June 15, 2022
Tags: Bitcoin (Currency) ( 115 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Kraken (Payward Inc) ( 3 ), Layoffs and Job Reductions ( 467 ), Powell, Jesse (Cryptocurrency Executive) ( 2 ), Start-ups ( 186 ), Virtual Currency ( 158 ), Workplace Environment ( 322 )

Inside a Corporate Culture War Stoked by a Crypto C.E.O.

Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #kraken-payward-inc, #layoffs-and-job-reductions, #powell-jesse-cryptocurrency-executive, #start-ups, #virtual-currency, #workplace-environment

The New York Times 9:24 pm on June 14, 2022
Tags: Banking and Financial Institutions ( 518 ), Bitcoin (Currency) ( 115 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Layoffs and Job Reductions ( 467 ), Start-ups ( 186 ), Virtual Currency ( 158 )

Crypto Firms Quake as Prices Fall

Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #layoffs-and-job-reductions, #start-ups, #virtual-currency

The New York Times 10:08 pm on June 3, 2022
Tags: #MeToo Movement ( 268 ), Advanced Micro Devices Inc. ( 4 ), All Raise (Nonprofit) ( 2 ), Alphabet Inc ( 58 ), Amazon.com Inc ( 469 ), Apple Inc ( 430 ), Appointments and Executive Changes ( 983 ), AutoDesk Inc, Bartz, Carol A, Boards of Directors ( 61 ), Brougher, Fancoise ( 4 ), Burns, Ursula M ( 4 ), california ( 1,423 ), Carta Inc, Catz, Safra ( 3 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Discrimination ( 1,438 ), Facebook Inc ( 649 ), Fiorina, Carleton S, Friar, Sarah, Gadde, Vijaya ( 2 ), Google Inc ( 328 ), Herd, Whitney Wolfe, Hewlett Packard Enterprise Company ( 4 ), Hiring and Promotion ( 199 ), Hood, Amy, Hyman, Jennifer ( 2 ), Instacart ( 77 ), International Business Machines Corporation ( 17 ), Lake, Katrina, Mayer, Marissa, Meta Platforms Inc ( 68 ), Microsoft Corp ( 146 ), Nextdoor.com Inc ( 2 ), Olivan, Javier ( 2 ), Oracle Corporation ( 28 ), Pao, Ellen, Pinterest ( 70 ), project include ( 3 ), RealReal Inc ( 3 ), Reddit Inc ( 48 ), Rent the Runway ( 10 ), Sandberg, Sheryl K ( 25 ), Simo, Fidji ( 2 ), Social Media ( 2,364 ), Space Exploration Technologies Corp ( 96 ), Stitch Fix Inc ( 2 ), Su, Lisa (1969- ) ( 2 ), Twitter ( 899 ), venture capital ( 2,070 ), Wainwright, Julie, Wojcicki, Susan ( 3 ), Women and Girls ( 1,779 ), Xerox Corporation ( 3 ), Yahoo! Inc ( 7 ), Zuckerberg, Mark E ( 187 )

What Sheryl Sandberg’s Exit Reveals About Women’s Progress in Tech

Silicon Valley is losing one of its most visible, outspoken and powerful women. Any gains have been incremental at best.

#metoo-movement, #advanced-micro-devices-inc, #all-raise-nonprofit, #alphabet-inc, #amazon-com-inc, #apple-inc, #appointments-and-executive-changes, #autodesk-inc, #bartz-carol-a, #boards-of-directors, #brougher-fancoise, #burns-ursula-m, #california, #carta-inc, #catz-safra, #coinbase-inc, #computers-and-the-internet, #discrimination, #facebook-inc, #fiorina-carleton-s, #friar-sarah, #gadde-vijaya, #google-inc, #herd-whitney-wolfe, #hewlett-packard-enterprise-company, #hiring-and-promotion, #hood-amy, #hyman-jennifer, #instacart, #international-business-machines-corporation, #lake-katrina, #mayer-marissa, #meta-platforms-inc, #microsoft-corp, #nextdoor-com-inc, #olivan-javier, #oracle-corporation, #pao-ellen, #pinterest, #project-include, #realreal-inc, #reddit-inc, #rent-the-runway, #sandberg-sheryl-k, #simo-fidji, #social-media, #space-exploration-technologies-corp, #stitch-fix-inc, #su-lisa-1969, #twitter, #venture-capital, #wainwright-julie, #wojcicki-susan, #women-and-girls, #xerox-corporation, #yahoo-inc, #zuckerberg-mark-e

The New York Times 11:14 pm on May 12, 2022
Tags: Armstrong, Brian (1983- ) ( 7 ), Banking and Financial Institutions ( 518 ), Bitcoin (Currency) ( 115 ), Blockchain (Technology) ( 43 ), Coinbase Inc, Computers and the Internet ( 1,765 ), United States Economy ( 1,982 ), Virtual Currency ( 158 )

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #united-states-economy, #virtual-currency

The New York Times 4:53 pm on May 11, 2022
Tags: Bitcoin (Currency) ( 115 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Gold ( 37 ), Inflation (Economics) ( 512 ), Russian Invasion of Ukraine (2022) ( 1,335 ), Stocks and Bonds ( 497 ), Virtual Currency ( 158 )

Bitcoin Is Increasingly Acting Like Just Another Tech Stock

The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #gold, #inflation-economics, #russian-invasion-of-ukraine-2022, #stocks-and-bonds, #virtual-currency

The New York Times 7:00 am on March 24, 2022
Tags: Betterment LLC ( 2 ), Bitcoin (Currency) ( 115 ), Coinbase Inc, Content Type: Service ( 1,509 ), Fidelity Investments ( 11 ), Gemini Trust Co LLC ( 4 ), Personal Finances ( 208 ), Retirement ( 69 ), Virtual Currency ( 158 )

Everyone Has Crypto FOMO, but Does It Belong in Your Portfolio?

A growing array of investment options make it easier to put digital tokens alongside traditional investments. Here’s what to know.

#betterment-llc, #bitcoin-currency, #coinbase-inc, #content-type-service, #fidelity-investments, #gemini-trust-co-llc, #personal-finances, #retirement, #virtual-currency

The New York Times 10:00 am on January 27, 2022
Tags: Banking and Financial Institutions ( 518 ), Binance ( 13 ), Bitcoin (Currency) ( 115 ), Blockchain (Technology) ( 43 ), Chainalysis Inc, Coinbase Inc, Contessoto, Glauber ( 3 ), Cuban, Mark ( 15 ), Dogecoin Project ( 10 ), Ethereum Foundation ( 12 ), Open Markets Institute, Securities and Exchange Commission ( 79 ), Virtual Currency ( 158 )

It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One

Die-hard enthusiasts, slick operators and the lure of riches have kept digital asset prices soaring. Traditional notions of value don’t apply.

#banking-and-financial-institutions, #binance, #bitcoin-currency, #blockchain-technology, #chainalysis-inc, #coinbase-inc, #contessoto-glauber, #cuban-mark, #dogecoin-project, #ethereum-foundation, #open-markets-institute, #securities-and-exchange-commission, #virtual-currency

The New York Times 8:43 pm on January 20, 2022
Tags: Adams, Eric L ( 388 ), Bitcoin (Currency) ( 115 ), Coinbase Inc, Miami (Fla) ( 91 ), New York City ( 2,777 ), Suarez, Francis X (1977- ) ( 9 ), Virtual Currency ( 158 ), Wages and Salaries ( 539 )

Eric Adams Is Taking His First Paycheck in Crypto

Mr. Adams, who wants New York City to become the global capital for cryptocurrency, will have his paycheck converted into Bitcoin and Ethereum.

#adams-eric-l, #bitcoin-currency, #coinbase-inc, #miami-fla, #new-york-city, #suarez-francis-x-1977, #virtual-currency, #wages-and-salaries

The New York Times 4:31 pm on December 20, 2021
Tags: Amazon.com Inc ( 469 ), Bitcoin (Currency) ( 115 ), Blockchain (Technology) ( 43 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Dorsey, Jack ( 61 ), entrepreneurship ( 521 ), Executive Compensation ( 59 ), Facebook Inc ( 649 ), Google Inc ( 328 ), Labor and Jobs ( 1,590 ), Marcus, David A, Nonfungible Tokens (NFTs) ( 69 ), Social Media ( 2,364 ), Start-ups ( 186 ), Virtual Currency ( 158 ), Wages and Salaries ( 539 )

The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups

Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto.

#amazon-com-inc, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #dorsey-jack, #entrepreneurship, #executive-compensation, #facebook-inc, #google-inc, #labor-and-jobs, #marcus-david-a, #nonfungible-tokens-nfts, #social-media, #start-ups, #virtual-currency, #wages-and-salaries

The New York Times 1:47 pm on December 1, 2021
Tags: Blockchain (Technology) ( 43 ), Coinbase Inc, venture capital ( 2,070 ), Virtual Currency ( 158 )

Venture Capital Funding for Crypto Companies Is Surging

It has risen more than in any other year, partly driven by the investing arms of large firms already in the crypto industry.

#blockchain-technology, #coinbase-inc, #venture-capital, #virtual-currency

The New York Times 6:47 pm on October 29, 2021
Tags: Andreessen Horowitz ( 138 ), Bitcoin (Currency) ( 115 ), Blockchain (Technology) ( 43 ), Coinbase Inc, Compound Labs Inc ( 2 ), Computers and the Internet ( 1,765 ), Dapper Labs Inc ( 4 ), Ethereum Foundation ( 12 ), Nonfungible Tokens (NFTs) ( 69 ), venture capital ( 2,070 )

How Venture Capitalists Think Crypto Will Reshape Commerce

From banking to gaming, investors are sending billions of dollars to crypto inventors who seek to disrupt industries. Here’s a look at some of those bets.

#andreessen-horowitz, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #compound-labs-inc, #computers-and-the-internet, #dapper-labs-inc, #ethereum-foundation, #nonfungible-tokens-nfts, #venture-capital

How Venture Capitalists Think Cryptocurrency Will Reshape Commerce

From banking to gaming, investors are sending billions of dollars to crypto inventors who seek to disrupt industries. Here’s a look at some of those bets.

The New York Times 5:21 pm on October 29, 2021
Tags: Andreessen Horowitz ( 138 ), Andreessen, Marc L ( 5 ), Coinbase Inc, Creative Artists Agency ( 8 ), Haun, Katie ( 3 ), Horowitz, Ben ( 3 ), Ovitz, Michael ( 2 ), Regulation and Deregulation of Industry ( 599 ), Securities and Exchange Commission ( 79 ), United States Politics and Government ( 9,012 ), venture capital ( 2,070 ), Virtual Currency ( 158 )

Andreessen Horowitz’s Plan to Dominate Crypto

The Silicon Valley firm Andreessen Horowitz, whose founders played big roles in the development of the internet, aims to own a huge part of the digital currency world — and set the rules for it, too.

#andreessen-horowitz, #andreessen-marc-l, #coinbase-inc, #creative-artists-agency, #haun-katie, #horowitz-ben, #ovitz-michael, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states-politics-and-government, #venture-capital, #virtual-currency

The New York Times 5:01 pm on October 29, 2021
Tags: Andreessen Horowitz ( 138 ), Andreessen, Marc L ( 5 ), Coinbase Inc, Creative Artists Agency ( 8 ), Haun, Katie ( 3 ), Horowitz, Ben ( 3 ), Ovitz, Michael ( 2 ), Regulation and Deregulation of Industry ( 599 ), Securities and Exchange Commission ( 79 ), United States Politics and Government ( 9,012 ), venture capital ( 2,070 ), Virtual Currency ( 158 )

Big Hires, Big Money and a D.C. Blitz: A Bold Plan to Dominate Crypto

The New York Times 3:01 pm on September 23, 2021
Tags: Andreessen Horowitz ( 138 ), Banking and Financial Institutions ( 518 ), Bitcoin (Currency) ( 115 ), BlockFi Inc ( 3 ), Coinbase Inc, Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) ( 12 ), Financial Stability Oversight Council ( 6 ), Gemini Trust Co LLC ( 4 ), Gensler, Gary S ( 21 ), Liang, Nellie, MasterCard Inc ( 11 ), Regulation and Deregulation of Industry ( 599 ), Securities and Exchange Commission ( 79 ), stablecoin ( 11 ), Treasury Department ( 191 ), Virtual Currency ( 158 )

Cryptocurrency Regulators Rush To Create First Major Rules

Concerned about the potential for a digital-era bank run, the Treasury Department is working on an oversight framework for the fast-growing sector.

#andreessen-horowitz, #banking-and-financial-institutions, #bitcoin-currency, #blockfi-inc, #coinbase-inc, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #financial-stability-oversight-council, #gemini-trust-co-llc, #gensler-gary-s, #liang-nellie, #mastercard-inc, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stablecoin, #treasury-department, #virtual-currency

The New York Times 7:02 am on September 5, 2021
Tags: Andreessen Horowitz ( 138 ), Banking and Financial Institutions ( 518 ), BlockFi Inc ( 3 ), Coinbase Inc, Federal Reserve System ( 363 ), Gensler, Gary S ( 21 ), Powell, Jerome H ( 156 ), Regulation and Deregulation of Industry ( 599 ), Securities and Exchange Commission ( 79 ), Treasury Department ( 191 ), Virtual Currency ( 158 ), Warren, Elizabeth ( 104 ), Yellen, Janet L ( 81 )

Crypto’s Rapid Move Into Banking Elicits Alarm in Washington

The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.

#andreessen-horowitz, #banking-and-financial-institutions, #blockfi-inc, #coinbase-inc, #federal-reserve-system, #gensler-gary-s, #powell-jerome-h, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #treasury-department, #virtual-currency, #warren-elizabeth, #yellen-janet-l

The New York Times 5:43 am on August 20, 2021
Tags: Binance ( 13 ), Brooks, Brian P, california ( 1,423 ), Coinbase Inc, Gensler, Gary S ( 21 ), Initial Public Offerings ( 73 ), Regulation and Deregulation of Industry ( 599 ), Securities and Exchange Commission ( 79 ), United States ( 3,833 ), venture capital ( 2,070 ), Virtual Currency ( 158 ), Zhao, Changpeng

The World’s Biggest Crypto Exchange Still Lacks U.S. Footing

The founder of Binance, Changpeng Zhao, needs investors for the company’s U.S. unit after a recent venture capital deal fell through — a setback that cost him a C.E.O.

#binance, #brooks-brian-p, #california, #coinbase-inc, #gensler-gary-s, #initial-public-offerings, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states, #venture-capital, #virtual-currency, #zhao-changpeng

The New York Times 10:00 pm on May 9, 2021
Tags: Banking and Financial Institutions ( 518 ), Biden, Joseph R Jr ( 5,134 ), Binance ( 13 ), Bitcoin (Currency) ( 115 ), Blockchain (Technology) ( 43 ), Coinbase Inc, Conflicts of Interest ( 108 ), Lobbying and Lobbyists ( 142 ), Regulation and Deregulation of Industry ( 599 ), Ripple Labs Inc ( 5 ), Securities and Exchange Commission ( 79 ), Trump, Donald J ( 6,497 ), United States Politics and Government ( 9,012 ), Virtual Currency ( 158 )

As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street

Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.

#banking-and-financial-institutions, #biden-joseph-r-jr, #binance, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #conflicts-of-interest, #lobbying-and-lobbyists, #regulation-and-deregulation-of-industry, #ripple-labs-inc, #securities-and-exchange-commission, #trump-donald-j, #united-states-politics-and-government, #virtual-currency

The New York Times 4:02 pm on April 26, 2021
Tags: Bitcoin (Currency) ( 115 ), Blockchain (Technology) ( 43 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Nonfungible Tokens (NFTs) ( 69 ), Virtual Currency ( 158 )

We’re All Crypto People Now

Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment, making them almost impossible to ignore — for better or worse.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency

The New York Times 2:20 pm on April 21, 2021
Tags: Archegos Capital Management LLC ( 9 ), Banking and Financial Institutions ( 518 ), Biden, Joseph R Jr ( 5,134 ), Center for American Progress ( 5 ), Coinbase Inc, Derivatives (Financial Instruments) ( 6 ), Gensler, Gary S ( 21 ), Ripple Labs Inc ( 5 ), Securities and Exchange Commission ( 79 ), Special Purpose Acquisition Companies (SPAC) ( 23 ), Stocks and Bonds ( 497 ), United States Politics and Government ( 9,012 ), Virtual Currency ( 158 )

Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate

Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.

#archegos-capital-management-llc, #banking-and-financial-institutions, #biden-joseph-r-jr, #center-for-american-progress, #coinbase-inc, #derivatives-financial-instruments, #gensler-gary-s, #ripple-labs-inc, #securities-and-exchange-commission, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #united-states-politics-and-government, #virtual-currency

The New York Times 7:22 pm on April 14, 2021
Tags: Bitcoin (Currency) ( 115 ), Blockchain (Technology) ( 43 ), Coinbase Inc, Computers and the Internet ( 1,765 ), Global Warming ( 1,409 ), Greenhouse Gas Emissions ( 1,019 ), Virtual Currency ( 158 )

In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy

The company’s stock market arrival establishes Bitcoin and other digital currencies in the traditional financial landscape. It also elevates a technology with astonishing environmental costs.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #global-warming, #greenhouse-gas-emissions, #virtual-currency