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The pandemic upped demand for digital currency in China, as elsewhere. But in June, authorities banned crypto mining. This has put China firmly into the camp of using digital currency to increase government monitoring. Are crypto and digital in competition? No. China dislikes the energy consumption and greenhouse gases associated with crypto-currency mining. Regulators also…

Flash crashes can occur beyond the immediate control of human beings. They may be produced by algorithmic trading programs, triggering one another to sell in a feedback loop. When such programs are managing large volumes of assets, the consequences of such a loop can be dramatic. This can then spill over into the futures market…

While ether, the native asset of the Ethereum blockchain, still has a way to go before traditional investors begin to form their investment thesis, bitcoin cemented itself in the minds of all professional investors, as it eclipsed $1 trillion in market capitalization in 2021. What’s more, bitcoin also remained uncorrelated with all macro assets, which…

Major cryptocurrencies are currently enduring price declines from already depressed levels. It’s a selloff, though likely not one large enough to shake the confidence of the crypto faithful. Still, the impact of falling crypto prices on assets priced in crypto should prove interesting. The NFT market, largely built on the Ethereum blockchain, has seen a…

Mozilla, the nonprofit organization that makes the Firefox web browser, announced Thursday that it would be pausing the ability to accept cryptocurrency donations following significant backlash spurred in part by a Mozilla founder, Jamie Zawinski (via Business Insider). Zawinski, who stopped working for mozilla.org in 1999, tweeted scathing criticism to a December 31st Mozilla tweet…

Multiple cryptocurrencies — including Bitcoin — dropped sharply Thursday as global stocks continued to fall, CNBC reports. Bitcoin — which was worth $43,058.75 on Thursday morning — dropped as low as $42,496 in the last 24 hours, according to CNBC. Similarly, Ethereum dropped 12% to $3,411.92. The cryptocurrency Solana fell 12% to $148.58. The decline…

This story is part of The Year Ahead, CNET's look at how the world will continue to evolve starting in 2022 and beyond. Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new economies and empower people who don't have access to…

The 2017 bull run produced a freshly-minted group of first generation crypto millionaires – amateurs rich off the spoils of their early intuitions – but fortunes are spent as quickly as they’re made. With a new graduating class of cryptocurrency investors joining the elusive ranks of the international moneyed following sensational all-time highs for Bitcoin…

The Los Angeles Lakers’ home game on Christmas Day against the Brooklyn Nets will be a coming-out party for Crypto.com Arena, the new name for the facility formerly known as Staples Center. The point of the renaming deal — which will reportedly cost the Singapore-based company more than $700 million — is to promote Crypto.com…

From scams to hacks and government moves, crypto has had its fair share of problems this year.The total cryptocurrency market cap rose from $767 billion at the start of 2021 to $2.4 trillion at time of writing, according to CoinMarketCap. We saw some coins gain more than 5,000% in just 12 months and the number…