Dive down a rabbit hole and explore nonfungible tokens, multimillion-dollar digital art and the nature of reality.
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.
Hundreds of leaders and companies signed a letter opposing strict limits. They did not.
With acceptance from traditional investors, a profitable start-up that eases transactions is offering proof of the industry’s staying power.
The idea that regulation chills activity in new markets is intuitive, but not always accurate. Sometimes the opposite is true.
The craze for digital artworks known as NFTs exploded in the past year. Why are some people shelling out millions of dollars for them?
As the prices of blockchain-secured works skyrocket and speculators swoop, experts are warning of an unsustainable bubble.
Bidders say they had many different motivations, including fun, self-promotion and signaling support for the NFT market.
Why can’t a journalist join the NFT party, too?
As Coinbase prepares to be the first major cryptocurrency company to go public, it is struggling with basic customer service, users said.
Repeat after me: Everything that can be digitized will be digitized.
The 18-year-old is expected to serve three years in a juvenile facility in return for the plea.
Each market frenzy seems crazier than the last. But all have the same roots.
“It feel like I got a steal,” the buyer, who calls himself Metakovan, said in an interview about the “nonfungible token,” or NFT, he bought at an online auction.
“Everydays — The First 5000 Days,” by the artist known as Beeple, set a record for a digital artwork in a sale at Christie’s.
Digital stars are coming up with new ways to make money. Yet fans still hold the power.
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.
The Treasury secretary speaks on debt, taxes, cryptocurrencies and more.
The Treasury Secretary dropped hints about her priorities — if you know how to interpret them.
A fast-growing market for digital art, ephemera and media is marrying the world’s taste for collectibles with cutting-edge technology.
Bitcoin and even Dogecoin, which began as a playful experiment, are soaring in value as billionaires, companies and celebrities promote the digital currencies.
The rules are in flux as a new U.S. administration takes over.
Cryptocurrencies, originally a way to conduct business outside the financial system, are increasingly seen as an asset akin to private equity or venture capital.
Companies inspired by the cryptocurrency are creating social networks, storing online content and hosting websites without any central authority.
Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can’t access that wealth because you forgot the password to your digital wallet?
From tariffs and trade to the status of Uber drivers, regulators are trying to install new rules or reduce regulations before President-elect Joe Biden takes over.
Ripple, the company behind the third most valuable digital token, is expecting to be sued by regulators as cryptocurrency values skyrocket.
In 2013, this reporter spent 10 Bitcoin, worth $1,000 at the time, on a dinner for dozens of strangers in San Francisco. The owner of the restaurant wisely held onto it.
The crazy cousin of traditional currencies, which fell below $4,000 in March, passed $19,783. More investors now are buying it for the long term.
Coinbase, the most valuable U.S. cryptocurrency company, has faced many internal complaints about discriminatory treatment.
We used to carry and trade bits of metal everywhere, but a pandemic shortage and the rise of digital money are making jingly pockets a distant memory for many.
The defacement lasted less than 30 minutes, and the hackers appeared to be looking to generate cryptocurrency.
Shenzhen, known for its maker community and manufacturing resources, is taking the lead in trialing China’s digital yuan.
Last week, the city issued 10 million yuan worth of digital currency to 50,000 randomly selected residents. The government doled out the money through mobile “red envelopes,” a tool designed to digitize the custom of gifting money in red packets and first popularized by WeChat’s e-wallet.
The digital yuan is not to be mistaken as a form of cryptocurrency. Rather, it is issued and managed by the central bank, serving as the statutory, digital version of China’s physical currency and giving Beijing a better grasp of its currency circulation. It’s meant to supplement, not replace, third-party payments apps like WeChat Pay and Alipay in a country where cash is dying out.
For example, the central government may in the future issue subsidies to local offices by sending digital yuan, which can help tackle issues like corruption.
Shenzhen is one of the four Chinese cities to begin internal testing of the digital yuan, announced a government notice in August without going into the specifics. The latest distribution to consumers is seen as the country’s first large-scale, public test of the centrally issued virtual currency.
Nearly 2 million individuals in Shenzhen signed up for the lottery, according to a post from the local government. Winners could redeem the 200 yuan red envelope within the official digital yuan app and spend the virtual money at over 3,000 retail outlets in the city.
As its next step, Shenzhen will launch a (vaguely defined) “fintech innovation platform” through its official digital currency institute, said a new central government document detailing the city’s five-year development measures, including attracting more foreign investment in cutting-edge technologies. The city will also play a key role in furthering the digital yuan’s research and development, application and international collaboration.
In April, the city’s digital currency vehicle launched a wave of recruiting for technical positions like mobile app architects and Android developers.
Shenzhen was established in 1980 as China’s first special economic zones and is now home to tech behemoths like Tencent, Huawei and DJI and innovation hubs like HAX and Trouble Maker. President Xi Jinping is scheduled to visit the city this week to commemorate the city’s 40th anniversary.
While the central bank provides logic and infrastructure undergirding the digital yuan, there’s much room for commercial banks and private firms to innovate on the application level. Both ride-hailing platform Didi and JD’s fintech arm have recently unveiled steps to help accelerate the digital yuan’s real-life implementation.
Several people involved in the events that took down Twitter this week spoke with The Times. What might have been a pursuit of Bitcoin spun out of control.
Chris Larsen knows that a crypto mogul spending his own money for a city’s camera surveillance system might sound creepy. He’s here to explain why it’s not.
A long stretch of remote working has led companies to rethink their office space — namely, whether they need as much of it after the pandemic subsides.
After months of criticism, the cryptocurrency is moving ahead with significant revisions.