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
Jun 18 Bitcoin falls below $20,000 as crypto selloff picks up By Associated Press Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9% to less than $19,000, according to CoinDesk. Continue reading
Jun 13 Bitcoin prices plunge as major crypto lender halts operations By Ken Sweet, Associated Press The price of bitcoin and other cryptocurrencies are falling Monday, after the major crypto lender Celsius halted all withdrawals citing "extreme market conditions."… Continue reading
Jun 07 Cryptocurrency meltdown is wake-up call for many, including Congress By Ken Sweet, Associated Press Meltdowns in the cryptocurrency space are common, but the latest one has served as a vivid reminder that investors, both professionals and rookies, can be rolling the dice when putting money into digital assets. Continue reading
Jun 05 Digital currencies flow into political campaigns, but state regulations vary widely By Andrew Selsky, Steve LeBlanc, Associated Press Some states have banned cryptocurrency donations amid concerns donors could hide their identities. Others have followed federal rules for congressional candidates and specifically allowed the donations with disclosure requirements and contribution caps… Continue reading
May 26 WATCH: U.S. backed digital currency could live alongside certain cryptocurrencies By News Desk The House Financial Services Committee holds a hearing Thursday on the future of digital currency. Continue reading
Jan 28 IMF urges El Salvador to scale back its push for Bitcoin as legal tender By Claudia Torrens, Associated Press The International Monetary Fund says that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury. Continue reading
Sep 15 Thousands protest against Bukele government in El Salvador By Marcos Aleman, Associated Press The demonstration Wednesday centered on fears Bukele may try for re-election in 2024. Protests also voiced concern about the president's concentration of power and the controversial decision to make the cryptocurrency Bitcoin legal tender. Continue reading