Crypto is not replacing the US dollar, Bitfury CEO Brian Brooks says

Crypto is not replacing the US dollar, Bitfury CEO Brian Brooks says

Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former US Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstanding around cryptocurrencies is that if they’re “not doing a great job of replacing the US dollar, then crypto is failing in its mission,” Brooks, now the … Read more

What is staked ether (stETH) and why is it causing havoc in crypto?

What is staked ether (stETH) and why is it causing havoc in crypto?

Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for … Read more

Bitcoin plunge spells trouble for Michael Saylor’s MicroStrategy

Bitcoin plunge spells trouble for Michael Saylor's MicroStrategy

Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part of an unorthodox treasury management strategy. Eva Marie Uzcategui | Bloomberg | Getty Images Having once lost $6 billion at the height of the dotcom bubble, … Read more

Bitcoin price: Celsius halts trade, Binance suspends some withdrawals

Bitcoin price: Celsius halts trade, Binance suspends some withdrawals

London CNN Business — Bitcoin and other cryptocurrencies plunged Monday, and two of the world’s biggest cryptocurrency platforms restricted activity as the market meltdown continued apace. The Celsius Network, which has 1.7 million customers, said that “extreme market conditions” had forced it to temporarily halt all withdrawals, crypto swaps and transfers between accounts. “We are … Read more

Jay-Z and Jack Dorsey Launch Bitcoin Academy

Jay-Z and Jack Dorsey Launch Bitcoin Academy

The Shawn Carter Foundation is one of the funders behind the Bitcoin Academy.Photo: Sthanlee B. Watchtower (PA) 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 academywhich will offer free classes … Read more

Ethereum had successful dress rehearsal to move to proof-of-stake

Ethereum had successful dress rehearsal to move to proof-of-stake

INA FASSBENDER | AFP | Getty Images Ethereum just completed its first big dress rehearsal for a long-awaited makeover that will be its most significant overhaul since the digital currency was launched nearly a decade ago. Cryptocurrencies such as ethereum and bitcoin are often criticized for the process of mining to generate new coins. Both … Read more

Crypto: 46,000 People Lost $1 Billion to Cons in 15 Months

Crypto: 46,000 People Lost $1 Billion to Cons in 15 Months

The euphoria around cryptocurrencies in 2021 has not only made millionaires and billionaires. It was also a ruin for thousands of retail investors. And things are not getting better since the beginning of 2022, crypto scams, which multiplied last year, continue. Since the start of 2021, more than 46,000 people have reported losing over $1 … Read more

Here’s what’s in New York’s new bitcoin mining ban

Here's what's in New York's new bitcoin mining ban

Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it. If Hochul signs the bill, it would … Read more

The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet

The 'Ultimate' Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet

Bitcoin and crypto’s massive $1 trillion meltdown over recent weeks has spooked investors, with sudden “price spiral” fears suddenly emerging. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price has lost more than 50% since hitting its all-time high of almost $70,000 per bitcoin … Read more

Tether (USDT) stablecoin regains peg after $3 billion in withdrawals

Tether (USDT) stablecoin regains peg after $3 billion in withdrawals

Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency — which … Read more