New York lawmakers have passed a bill that would temporarily ban new bitcoin mining operations. Early on Friday, state senators voted 36-27 to pass the legislation. It's now bound for the desk of Governor Kathy Hochul, who will sign it into law or veto th…

Rapper and entrepreneur Shawn Carter, better known as Jay-Z, is bringing Bitcoin to the place where he grew up. On Thursday, Jay-Z and former Twitter CEO Jack Dorsey announced the launch of Bitcoin Academy, which will offer free classes on cryptocurrency for …

A new study on bitcoin calls into question whether the digital currency is truly as decentralized and anonymous as its biggest devotees would have you believe. Read more...

Some 90% of people in the Central African Republic lack access to the internet, needed to use Bitcoin.
You can now reportedly pay for your burritos and tacos with Bitcoin and other digital currencies, in case you don't mind spending your coins directly instead of going through exchanges first. Flexa has announced that the Mexican fast food chain can now accept…

The cryptocurrency crash is hurting many investors, including one country that has bet big on Bitcoin.

El Salvador has embraced Bitcoin like no other country, with the government purchasing hundreds of coins last year as it announced that the cryptocurrency would become legal tender.
Does the crypto crash mean the blockchain Is over?Stephen J. Dubner, Freakonomics RadioIn this installment of Recommended Listening, Freakonomics Radio begins a three-part series on all things blockchain. The podcast will tackle everything from Bitcoin and cr…

Customers at Chipotle will now be able to pay for their burritos with cryptocurrencies, including bitcoin, ether, and dogecoin, in a move that could help crypto become more mainstream, according to trade publication Restaurant Business. But there’s just one i…
Celsius is a decentralized finance platform that’s one of the largest crypto lenders. It announced a “pause” on withdrawals as markets opened in Asia, leaving investors in the dark about what will happen next.
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Bitcoin rose 5.2% to $31,441.76 at 2000 GMT on Monday, adding $1,552.78 to its previous close.
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Bitcoin dropped 12.1% to $23,366 at 2002 GMT on Monday, losing $3,218.95 from its previous close.
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Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc <a href="https://www.reuters.com/companies/MSTR.O" target="_blank">(MSTR.O)</a> to stake more tokens against a bitcoin-backed loan or trigger selling of some of its vast …
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Bitcoin dropped 7.03% to $20,969.32 at 20:04 GMT on Thursday, losing $1,585.95 from its previous close.
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Bitcoin dropped 6.53% to $19,106.37 at 0734 GMT on Saturday, losing $1,334.33 from its previous close.
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Bitcoin dropped 7.46% to $18,915.29 at 15:59 GMT on Saturday, losing $1,525.41 from its previous close.

All the bitcoin, cryptocurrency and NFT news for the week ending May 27.

All the bitcoin, cryptocurrency and NFT news for the week ending May 27.

Crypto interests are lobbying Gov. Kathy Hochul to veto a groundbreaking bill that would temporarily halt new crypto-mining projects at fossil-fuel burning plants.
The ETF launch comes after bitcoin briefly dipped below $18,000 over the weekend before recovering the all-important $20,000 price level.
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In the Crypstation cafe in downtown Buenos Aires, trendy young Argentines order their lattes and pastries surrounded by screens with real-time cryptocurrency price quotes and a huge neon Bitcoin logo. The bill can be paid in digital money, too.
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Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up.
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Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.
The popular cryptocurrency trading platform is battling a broader selloff throughout the crypto market that has pushed bitcoin below $24,000.
06/14 Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network's freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. Meanwhile, crypto exchange Coinbase…
Somalia's foreign minister has been suspended over a coal export and the U.S. has warned companies over doing business in Sudan. Here are five business stories making headlines in sub-Saharan Africa this week. David Doyle has more.
From deepening blues for bitcoin, to why Kellogg is doing the splits, we round up the bit stories in business and finance over the week to June 24. Ilan Rubens reports.
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El Salvador's Finance Minister Alejandro Zelaya on Monday dismissed concerns that a sharp drop in the value of bitcoin could hurt the Central American nation's fiscal health.
The tech firm has lost more than $1 bln on digital currency bitcoin. Robert Cyran explains investors are still oddly paying a premium for the company’s woebegone strategy.
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If you assumed crypto was just a young person's game, think again.
Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. Julian Satterthwaite reports.

YouTube is being criticised for failing to tackle a network of scammers streaming fake Elon Musk videos.

Bitcoin requires vast amounts of electricity to facilitate its transactions around the globe. More than twice the energy usage per year of Apple, Facebook, Google, Microsoft and Amazon combined. This demand has led cryptocurrency mining companies to seek out …

Digital asset slides to lowest level since November 2020 as rate rises increase pressure on marketsThe price of a bitcoin has fallen below $20,000 (£16,400) amid deepening turmoil in the cryptocurrency markets.The cornerstone of the digital asset markets slip…

The crypto sell-off continues.
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As the crypto winter creeps into June, the first signs of a thaw are emerging.
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As the crypto winter creeps into June, the first signs of a thaw are emerging.
The country, led by bitcoin-bull President Nayib Bukele, holds 2,301 bitcoins and made the crypto legal tender in September.

Transfers also ‘paused’ between Celsius accounts as value of digital asset market slips below $1tn The cryptocurrency lending platform Celsius Network has halted withdrawals due to “extreme market conditions” as the value of the digital asset market slipped b…

An anonymous reader quotes a report from CoinDesk: Investment product provider ProShares is set to list the U.S.'s first exchange-traded fund (ETF) allowing investors to bet against the price of bitcoin (BTC). The ProShares Short Bitcoin Strategy (BITI), whic…
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Software firm MicroStrategy <a href="https://www.reuters.com/companies/MSTR.O" target="_blank">(MSTR.O)</a> said it has not received a margin call against its bitcoin-backed borrowing on Wednesday, and it has plenty of extra collateral to pledge if necessary.

<ol><li>Tesla CEO Elon Musk Has 'Super Bad Feeling' About US Economy — Biden Responds – Bitcoin News Bitcoin News </li><li>Biden spars with Musk over economy and sets off Twitter: Good luck on 'trip to the moon' Fox News </li><li>Biden responds to Elon Mu…
From a fresh meltdown for bitcoin, sparked by a freeze on withdrawals at crypto lender Celsius, to the one group of people making money off the turmoil, we round up the week's big stories in cryptocurrencies. Olivia Zollino reports.
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Cryptocurrencies tumbled afresh on Tuesday, with bitcoin and ether falling to new 18-month lows, after major cryptocurrency lending company Celsius Network's freezing of withdrawals delivered the latest jolt to investors in the asset-class.
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El Salvador's bet on bitcoin was slashed on Tuesday by half as the more than $100 million in the country's publicly disclosed purchases dropped more than 50% in value.

CNN reports: "The price of bitcoin breached $19,000," reports CNN, "and ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows." Bitcoin plunged nearly 10% in less than 24 hours, adding to a series of sustained losse…

PayPal announced on Tuesday that the service now "supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges." Decrypt reports: The ability to conduct external transfers on PayPal's crypto platform, an image of which can b…

The rising price of electricity and the plunging value of the cryptocurrency could burst the speculative bubble for today’s prospectorsIn the bad old days, prospecting for gold was a grisly business involving hysterical crowds, pickaxes, digging, the wearing …
Adam Masato took out two personal loans backed by bitcoin and USDC totaling $33,000 because it was faster than getting a traditional mortgage.
Adam Masato took out a home equity line of credit and a bitcoin-backed loan to buy land and build a luxury rental in Joshua Tree, California.
Since September, El Salvador has bought 2,301 bitcoins for an average of $45,908 per token and at a total cost of about $105.6 million.

Cameron and Tyler Winklevoss' Gemini crypto exchange is in hot water after tens of millions of dollars worth of Bitcoin and Ether were stolen.

Last week bitcoin fell 31% and Celsius put a hold on withdrawals – and some fear the turmoil is far from overThe cryptocurrency market could do with some respite but its convention-breaking nature means there is no hiatus. Trading in digital assets such as bi…

An anonymous reader quotes a report from ZDNet: Lead researcher Alyssa Blackburn of Baylor and Rice, along with team-mates Christoph Huber, Yossi Eliaz, Muhammad S. Shamim, David Weisz, Goutham Seshadri, Kevin Kim, Shengqi Hang, and Erez Lieberman Aiden, used…

The hip-hop mogul loves to rap about his roots in Brooklyn’s Marcy housing projects. But classes in cryptocurrency show the billionaire is out of touch, residents sayMarcy Houses, the 28-acre public housing development in Brooklyn’s Bedford-Stuyvesant neighbo…

Tesla leaned hard into Bitcoin, purchasing $1.5B of the non-fiat currency in 2021. Since the time of Tesla's investment bitcoin's price has fallen dramatically, and it will be interesting to see how they treat this loss in their financial reporting. The St…

Tesla ha perdido casi 600 millones de dólares con su inversión en Bitcoin según Bitcoin Treasuries, un índice que lleva registro de la compra/venta de monedas digitales por parte de grandes compañías. Las criptomonedas están atravesando un momento duro experi…
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A look at the day ahead in markets from Dhara Ranasinghe.
"If you had a chance to grab $2 billion at 1.5% interest, it seems like a reasonable thing to do and I'm glad we did it," Michael Saylor said.
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Fidelity Investments' digital assets arm will double down on hiring this year as it looks to beef up its resources to serve clients who want to invest in crypto assets that trade round the clock.
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The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained.

Que Bitcoin es la criptomoneda más importante del mundo, no es novedad. Sin embargo, detrás de este activo hay mucho para explorar y estudiar; motivo por el cual, tener tu propio nodo de Bitcoin es una muy buena idea, independientemente de que seas novato en …

Bitcoin, the original cryptocurrency, remains a bellwether for the sector. It hit an all-time high of more than US$68,000 (£55,600) in November 2021, when the overall value of the cryptocurrency market was close to US$3 trillion. In the months since, however,…
SBF "is the new John Pierpoint Morgan - he is bailing out cryptocurrency markets," SkyBridge Capital's Anthony Scaramucci said.
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The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion.
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More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday.
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Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity.
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The number of Canadians who own cryptoassets is growing rapidly and efforts to regulate the sector need to start keeping pace, a senior Bank of Canada official said, noting many people may not understand the risk of investing in products like bitcoin.
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The New York State Legislature has passed a bill that would impose a two-year moratorium on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin, but the governor has yet to sign it.

Once again, we’re seeing that the cryptocurrency is subject to the rules of bear and bull markets. In early May, MicroStrategy CEO Michael Saylor took to Twitter to, once again, proclaim his trust in Bitcoin. “Bitcoin is the best hedge against inflation,” he …
The coin, heavily championed by the Tesla founder, has lost two-thirds of its value since the start of the year amid a wider crypto selloff.

A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.
With more than 19,000 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US stocks.
With more than 19,000 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US stocks.
"Concerns are mounting about whether the Fed is headed towards a policy mistake, otherwise known as 'breaking something,'" LPL's Quincy Krosby said.

If regulators thought crypto was a dangerous place that lured investors into 'too good to be true' opportunities, they have to ask themselves some searching questions on why they have been so slow or reluctant to cut across the unregulated industry.

What is crypto? Is it something that’s bought and sold like stock in a publicly traded company, or is it a commodity, something that itself can interact with futures agreements? It’s a question at the heart of new legislation that would grant oversight of dig…

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick

Tyler and Cameron Winklevoss announced that Gemini would be making major staffing cuts, issuing a stark warning about the crypto market.
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A New York couple accused of laundering $4.5 billion in cryptocurrency tied to the 2016 hack of digital currency exchange Bitfinex are still negotiating a possible plea deal while reviewing more than 1.1 gigabytes of evidence in the case, prosecutors said.

Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls this past weekend as cryptocurrency prices slid, according to a report from the Financial Times.
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Hong Kong-based Babel Finance said on Wednesday it had raised $80 million in a new funding round that valued the cryptocurrency lender and asset manager at $2 billion.
Celsius froze withdrawals and transfers just a month after Terra's luna token crashed to zero, continuing crypto's nightmare 2022.
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Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the digital currency market.

The crypto roller coaster ride continues to plummet downhill fast. Coinbase, one of the largest cryptocurrency exchange platforms, is laying off 18% of its staff, or about 1,100 employees, according to a company SEC filing. The news also came in a letter to s…

Three Arrows Capital founder takes to Twitter to assuage fears following 25% drop in the price of bitcoin in a single dayThe “bloodbath” in the cryptocurrency sector may claim another victim, with the co-founder of multibillion dollar hedge fund Three Arrows …

The Bitcoin Note: Physical secure Bitcoin that you can easily share, spend or hold.

Octagon Networks has finished the process of converting all of its balance sheet and liquid assets into Bitcoin. We will also start accepting Bitcoin payments for all of our services, with a 50% discount if paid in Bitcoin.
Mike Novogratz thinks most crypto hedge funds will fail as market turbulence sparked by the end of easy monetary policy continues.

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More than a decade has passed since Bitcoin was created, yet lawmakers and regulators continue to wade through important questions, such as which regulator should be permitted to regulate digital assets. Despite a lack of digital asset legislation, federal re…

The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening.

The Tesla and SpaceX CEO is being sued over claims of 'a crypto pyramid scheme.'

The criminals hacked Horizon, a so-called blockchain bridge developed by the start up Harmony.
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The crypto market's a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs.
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Portugal's biggest soccer club, Benfica, will become the country's first to join the crypto craze, partnering with blockchain-powered fan engagement firm Socios.com to launch a fan token, the club announced on Tuesday.
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Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin's collapse in value last month.

Israeli blockchain technology firm StarkWare Industries said on Wednesday it raised $100 million in a private funding round that valued the company at $8 billion.
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Cryptocurrency hedge fund Three Arrows Capital said on Wednesday it was committed to working things out, seemingly addressing social media chatter that it is facing liquidation issues.

While the core philosophy of blockchains is trustlessness, trusted execution environments can be integral to proof-of-stake blockchains.