Why Isn"t Bitcoin Booming?
"Bitcoin was seen by many of its libertarian-leaning fans as a kind of doomsday insurance," argues a columnist in the New York Times, "a form of 'digital gold' that would be a source of stability as the world grew more chaotic and unpredictable.........»»
New York Passes a Bill To Limit Bitcoin Mining
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 ve.....»»
Panasonic planning massive North America EV battery buildup
In ramping up regional output to meet booming demand for EVs, Panasonic also aims to increase localized sourcing of battery materials, targeting a 50 percent local procure rate......»»
Global automakers losing ground on booming EV battlefield
U.S. electric pioneer Tesla is the only foerign automaker ranked among the top ten EV sellers in China this year, according to China Passenger Car Association data......»»
SEC Weighs Crackdown on Phony Environmental and Social-Justice Funds
Environmental and social justice-focused funds are booming -- so much so that the Securities and Exchange Commission is mulling new regulations to clamp down on funds that fail to back up certain altruistic claims. From a report: On Wednesday, the SE.....»»
Linux malware is booming, so stay secure, Microsoft warns
An old malware is being distributed furiously, targeting Linux users......»»
China Makes a Comeback in Bitcoin Mining Despite Government Ban
While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite a government ban on the activity last year. From a report: The US accounted for 37.84% of global hashrate.....»»
Sleep apps are booming but experts warn they are not perfect
Sleep apps are booming but some medical professionals expressed doubts about whether they help......»»
Bitcoin a safe haven during national economic crises, but not during COVID-19 pandemic, research finds
Research by a Kingston University economist provides fresh evidence for Bitcoin being a safe haven for finance during a nation's economic crisis. The cryptocurrency proves volatile during a global crisis, however, as seen during the COVID-19 pandemic.....»»
Bitcoin Has No Future as a Payments Network, Says FTX Chief
Bitcoin has no future as a payments network because of its inefficiency and high environmental costs, according to one of crypto's most influential chief executives. From a report: Sam Bankman-Fried, founder of the digital asset exchange FTX, said th.....»»
Germany Affirms Crypto Sold After One Year Is Tax-free
Crypto investors in Germany won't pay tax on sales of digital assets such as bitcoin and ether -- as long as they're held for more than one year. From a report: Germany's Federal Ministry of Finance shared the ruling in a 24-page document, which form.....»»
Bitcoin plunges to lowest price since 2020 amid broader sell-off
The "stablecoin" Tether briefly lost its peg to the dollar on Thursday morning. Enlarge (credit: R.Tsubin / Getty) The price of one Bitcoin briefly fell below $27,000 on Thursday morning, the lowest price for the cryptocurrenc.....»»
El Salvador"s Bitcoin Losses Swell To 28% As Bukele Buys More
An anonymous reader quotes a report from Bloomberg: President Nayib Bukele's Bitcoin gambit is becoming onerous for cash-strapped El Salvador but that isn't stopping him from adding to his stockpile. Bukele's bought 2,301 Bitcoins for the government.....»»
El Salvador buys more bitcoin after ratings agency downgrades its debt
Meanwhile, the leading algorithmic "stablecoin" has broken its peg to the dollar. Enlarge / Nayib Bukele, president of El Salvador. (credit: Kellys Portillo/APHOTOGRAFIA/Getty Images) Bitcoin's price has plunged in recent days.....»»
Bitcoin value drops by 50% since November peak
The slide in the value of cryptocurrencies comes as stock markets around the world have also fallen......»»
Cryptocurrency Markets Drop $200B, Bitcoin Down 50% Since November
40 days ago Bitcoin sold for $47,454. It's price now is $34,007 — a drop of 28%. About a third of that drop happened this week, as "Bitcoin, ethereum and other major cryptocurrencies have fallen sharply," Forbes reports, "wiping around $200 bi.....»»
Google"s Cloud Group Forms Web3 Team To Capitalize on Booming Popularity of Crypto
Google's cloud unit is forming a team to build services for developers running blockchain applications as the company tries to capitalize on the surging popularity of crypto and related projects. From a report: Amit Zavery, a vice president at Google.....»»
Bitcoin Is Coming to Your 401(k). But Your Employer Probably Won’t Let You Invest in It
Fidelity opened the door for a future of crypto retirement savings. But the decision has been met with pushback, including from the U.S. Department of Labor A version of this article was published in TIME’s newsletter Into the Metav.....»»
New York Closes In On Bitcoin Mining Crackdown
A New York bill that would ban new bitcoin mining operations is "swiftly making its way through the state capitol in Albany," reports CNBC. Some industry insiders fear that the bill, which calls for a two-year moratorium on certain cryptocurrency min.....»»
Airbnb"s business is booming — and rates are rising
Airbnb reported more than 100 million bookings during the first quarter of this year, a record for the company that underscores the turnaround from when its business was decimated in the early months of the pandemic. The resurgence in demand has sent.....»»
Warren Buffett wouldn"t pay $25 for all the Bitcoin in the world, but he does like Activision Blizzard
Berkshire Hathaway CEO/Chairman Buffett has made his feelings toward crypto clear in the past; he once called Bitcoin "rat poison squared." At his company's annual shareholder meeting on Saturday, Buffett once again rallied against digital currencies.....»»