Mar 05 Bitcoin hits record high less than 2 years after FTX collapse cast doubt on digital currencies By Wyatte Grantham-Philips, Associated Press Gains in recent months have been fueled by the anticipation and eventual U.S. approval of bitcoin exchange traded funds earlier this year, which provided access to a much broader class of investors. Continue reading
Jan 10 Regulators approve new bitcoin funds in move that could spur more investment in cryptocurrency By Ken Sweet, Associated Press The Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin. But the agency said Wednesday that it is still deeply skeptical about cryptocurrencies and did not approve or endorse bitcoin in its decision. Continue reading
Nov 04 Watch 6:00 The role of cryptocurrency in financing terrorist organizations By Ali Rogin, Harry Zahn Shortly after the Oct. 7 terrorist attack on Israel, the U.S. Treasury Department sanctioned a virtual currency exchange in Gaza that it said had facilitated transactions for Hamas using decentralized digital currencies. Former federal prosecutor Ari Redbord joins Ali Rogin… Continue watching
Mar 02 Amid value drops and increased regulation, what’s the future of cryptocurrency? By Anshu Siripurapu, Noah Berman, Council on Foreign Relations The dizzying rise of Bitcoin and other cryptocurrencies has created new challenges for governments and central banks. Increasing popularity and high levels of market volatility have raised the stakes of the digital asset experiment. Continue reading
Dec 17 Watch 5:13 The effects of FTX’s collapse on the cryptocurrency industry After reaching a peak market value of $3 trillion in 2021, cryptocurrencies have spent the better part of 2022 in a tailspin fueled by scandal, financial losses and a public perception crisis. This past week, crypto firm FTX’s founder Sam… Continue watching
Nov 16 House panel to hold hearing on cryptocurrency exchange FTX collapse By Fatima Hussein, Associated Press Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. Continue reading
Aug 03 New cryptocurrency oversight legislation arrives as industry shakes By Fatima Hussein, Ken Sweet, Associated Press It's the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked recently by collapsing prices and lenders halting operations. Continue reading
Jul 17 Watch 5:49 After $2 trillion crypto crash, what happens next? By Andrew Corkery, Juliet Fuisz Digital currencies have now lost $2 trillion in value after hitting a peak of $3 trillion in November 2021. There are also signs that many crypto firms have exposed themselves to riskier financial bets than previously known. Andrew Chang, a… Continue watching
Jul 14 Bitcoin requires an immense amount of energy. Here’s why that’s sparking a crypto backlash By Judith Lewis Mernit, Yale Environment 360 The enormous energy demands of Bitcoin mining are prompting some U.S. municipalities to impose moratoriums or outright bans on cryptocurrency facilities. Bitcoin mining activity, critics warn, is leading to electricity price hikes and a revival of dirtier sources of power. Continue reading
Jun 21 Watch 5:52 Future of cryptocurrencies in question after plunge in value It's been a very rough year so far for stocks and other investments as the markets have dropped sharply over the past few months. That plunge has been even larger for cryptocurrencies. Since November, the total market value of all… Continue watching