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 30 From the stock market to crypto, a punishing six months for investors By Alex Veiga, Stan Choe, Associated Press It's the worst start to a year for stocks in decades. Bonds are on pace for one of their worst performances in history, and cryptocurrencies have tumbled after soaring last year. 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
Jun 03 Landmark bill to limit energy-intensive cryptomining passes New York Legislature By Michael Hill, Associated Press The New York Legislature has approved a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels. 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
May 13 Wild week in crypto ends as Bitcoin and stablecoin tumble By Matt Ott, Ken Sweet, Associated Press It's been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value. Continue reading