The Federal Reserve, Treasury and other regulators are worried that a technology that pledges stability will actually be a source of turmoil.
The confluence of tech and finance has produced a nascent soft social credit system. Digital currency may be the only way out.
The biggest worry about Bitcoin is that politicians will start taking it seriously.
Litecoin and other digital currencies jumped by as much as 30 percent after the announcement, which was republished as legitimate by media companies.
Christopher Naples is accused of hiding 46 devices used for mining cryptocurrency in Suffolk County offices, costing the county thousands of dollars in electricity.
Experts had raised concerns about making the digital token an official currency and the rapid execution of new technology on a national scale.
The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.
The revolution in digital money is now moving into banking, as cryptocurrency starts to reshape the way people borrow and save.
We’re not tackling the problem at its root.
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.
I created a hype coin to show how risky an investment can be. The coin had other plans.
It almost derailed the bipartisan infrastructure bill’s passage.
The big money in cryptocurrency is offshore.
This August, Facebook will be making its Facebook Pay payment service available outside its own platforms for the first time. Facebook’s announcement describes the move as providing a mobile-friendly seamless checkout experience for businesses that elect to use it, pointing out that Facebook users already use the service to send money and buy items in Facebook Shops and the Facebook Marketplace.
There isn’t much meat in Facebook’s announcement, which mostly rehashes feel-good bullet points that apply to the entire online financial industry, not just Facebook Pay—for example, the system’s use of encrypted storage and the fact that businesses accepting Facebook Pay don’t need to manage customers’ card or bank account numbers. While these features sound good at first blush, they’re both de rigueur, not innovations—the majority of online stores already use third-party payment processors that manage credit card and bank account numbers for them.
Facebook pledges that Pay users’ credit card and bank account information won’t be used to “personalize their experience” or target advertisements. The company also says that payments and purchases will not be shared with a user’s friends or to a user’s profile or feed. It’s worth noting that these are explicitly separate promises, though—Facebook isn’t promising that payments and purchases won’t be used for “personalization” or ad targeting.
With the pandemic starting to ease in the United States, many had expected a year of wild investments to slow. It hasn’t. Yet.
They, and other companies that took pandemic rescue money, face new demands in return for their rescues.
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.
The F.B.I. scored two major victories, recovering a Bitcoin ransom and tricking lawbreakers with an encryption app. But criminals may still have the upper hand.
The F.B.I.’s recovery of Bitcoins paid in the Colonial Pipeline ransomware attack showed cryptocurrencies are not as hard to track as it might seem.
Investigators traced 75 Bitcoins worth more than $4 million through nearly two dozen cryptocurrency accounts.
It was the largest Bitcoin event in the world and the first major in-person crypto conference since the pandemic started. The jargon, the liquor and the millionaire talk flowed.
The deal between TSM, which fields competitive video game teams, and the Hong Kong-based FTX exchange, rivals the kinds of deals top sports franchises land to name arenas and stadiums.
Rising asset prices don’t mean that silly ideas make sense.
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.
Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands — sometimes millions of dollars.
Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.
Goldman Sachs is the latest to call an end to remote work.
Zoë Roth, now a college senior in North Carolina, plans to use the proceeds from this month’s NFT auction to pay off student loans and donate to charity.
If you are trying to grasp Bitcoin and understand what China’s digital yuan means, America’s Federal Reserve is right there with you.
Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment, making them almost impossible to ignore — for better or worse.
Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.
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.