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Bitcoin tumbles, a stablecoin plunges in wild week in crypto

Editorial Bureau May 14, 2022

NEW YORK — 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. Here’s a look at some major developments in cryptocurrencies this week:

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Crypto meltdown prompts Yellen to call for new regulation

Editorial Bureau May 13, 2022

WASHINGTON — Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal. “We really need a regulatory framework to guard against the […]

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Coinbase loses half its value in a week as crypto slumps

Editorial Bureau May 12, 2022

SILVER SPRING, Md. — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales and active […]

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Will Washington go with the Crypto Flow?

Editorial Bureau May 12, 2022

Washington (US) – Erin Houchin braced for the worst when a mysterious, well-financed group started buying television ads last month in her highly competitive southern Indiana congressional race. Houchin assumed she would face a negative blitz, like the one that crushed her in 2016 when she ran for the same seat. But, in fact, the […]

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California moves to embrace cryptocurrency and regulate it

Editorial Bureau May 5, 2022

SACRAMENTO, Calif. — California, which has a economy larger than all but four countries and where much of the world’s technological innovation is born, on Wednesday became the first state to formally begin examining how to broadly adapt to cryptocurrency and related innovations. Following a path laid out by President Joe Biden in March, Gov. […]

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Bitcoin’s new puzzle: How to ditch fossil fuels and go green

Editorial Bureau April 22, 2022

HELENA, Mont. — For the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant in rural Montana. But with the cryptocurrency industry under increasing pressure to rein in the environmental […]

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Cryptocurrency miner in latest Russian sanctions targets

Editorial Bureau April 21, 2022

WASHINGTON — The U.S. rolled out new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia as punishment for invading Ukraine. The sanctions include the first set of penalties against a cryptocurrency mining firm in relation to the war. The Treasury Department’s sanctions […]

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The Anticipated Comeback of ICE Gaming London 2022

Savvia Pavlou April 7, 2022

A grand return is expected this year by ICE London (12-14 April 2022), the world’s leading innovation showcase for the gaming industry. Over three days, ICE London will bring together a synergy of gaming professionals, leaders, decision-makers, technology experts and policy regulators, unleashing the latest in gaming revolutions across all sectors by 450 of the […]

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Miami’s crypto craze on full display at bitcoin conference

Editorial Bureau April 7, 2022

Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status. Dozens of companies are using the Bitcoin 2022 conference running Wednesday through Friday as a venue to network, pitch ideas and share announcements to the industry […]

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Biden executive order on cryptocurrency expected this week

Editorial Bureau March 8, 2022

WASHINGTON — President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded. The move comes as administration officials have raised concerns in recent weeks about Russia’s use of cryptocurrency to evade the impact of crushing sanctions in response […]