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ENGLEWOOD, Colo. — The cryptocurrency market was in ruins. But Tyler and Cameron Winklevoss were jamming.The billionaire twins, best known for their supporting role in the creation of Facebook, twirled and shimmied across the stage with their new cover band, Mars Junction, at a concert venue outside Denver last week, the latest stop on

Then came the pandemic. As governments closed down businesses and handed out money to people unable to work, central banks embarked on the most exorbitant money creation programs in history. Much of that money found its way into crypto markets, raising prices to unprecedented levels and fueling the rapid growth of high-yield lending, complex synthetic

Three Arrows Capital plunged deeper into financial turmoil Wednesday after a court in the British Virgin Islands ordered the crypto-focused hedge fund into liquidation following its failure to repay creditors as the value of bitcoin and other cryptocurrencies have nosedived.The liquidation order comes after a high-profile notice of default: On Monday

This interview has been edited and condensed for clarity.WIRED: I want your take on the current moment. What the hell is going on with crypto? Is this an existential crisis?Changpeng “CZ” Zhao: When you get hundreds of millions of people trading assets, it just goes through cycles. It is definitely not an existential crisis.

The amount of electricity consumed by the largest cryptocurrency networks has decreased by up to 50% as the “crypto winter” continues to eat at the incomes of “miners” and financial contagion spreads further throughout the sector.The electricity consumption of the bitcoin network has fallen by a third from its high of 11 June, down to

Bitcoin (BTC) passed through the $21,000 level in European afternoon hours, adding to a steady recovery since last weekend’s plunge to almost $18,000. Current levels have acted as a resistance zone for the largest cryptocurrency by market cap, and a recovery above $21,000 could see the asset surge to $22,600.

This is an excerpt from Deal Flow, Forbes’ twice-weekly newsletter about the latest billion-dollar deals from venture capital, private equity, M&A and beyond. Want a new edition in your inbox as soon as it comes out? Subscribe here. The crypto market is looking awfully wintry these days. Bitcoin is down more than 70% from last

Hackers seized a blockchain bridge developed by Harmony and swindled roughly $100 million in cryptocurrency, the company announced.Blockchain functions as a decentralized ledger, a record of transactions that is publicly available and verifiable but not maintained by any one person, making it useful for tracking digital currency.

By Corrie Driebusch and Paul VignaJune 18, 2022 12:00 am ETOn Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the 30-second spot for the popular cryptocurrency-trading platform.

Largest cryptocurrency falls as much as 4.8 percent in Asia as a period of volatility continues.Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings. The largest cryptocurrency fell as much as 4.8% to $19,618 on Monday in Asia and was trading at $20,036