Die-hard enthusiasts, slick operators and the lure of riches have kept digital asset prices soaring. Traditional notions of value don’t apply.
With the pandemic starting to ease in the United States, many had expected a year of wild investments to slow. It hasn’t. Yet.
Its value is volatile. Its users aren’t as anonymous as they think. It might be a threat to the environment. And it could be exacerbating inequality.
Overall, nearly 7,000 investors lost $80 million in assorted cryptocurrency scams from October through March, according to a Federal Trade Commission report.
Created as a cryptocurrency parody in 2013, Dogecoin languished for years. Then, in 2021, it went absolutely wild. What have its holders learned?
It was once a parody — then he turned the cryptocurrency into his profit.
Glauber Contessoto went looking for something that could change his fortunes overnight. He found it in a joke cryptocurrency.
The much-discussed Tesla and SpaceX executive took a self-deprecating approach, telling viewers, “I’m pretty good at running human in emulation mode.”
Bitcoin and even Dogecoin, which began as a playful experiment, are soaring in value as billionaires, companies and celebrities promote the digital currencies.
Rethink Impact invests solely in tech start-ups founded by women, which accounted for just 4 percent of all venture deals in the first quarter.