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Crypto

Crypto giant Binance in hot water with U.S. regulators. What's next?

by Stephanie Hughes
Jun 6, 2023
The world’s largest crypto exchange is being sued by the SEC. What does that mean for crypto?
The world's largest crypto exchange platform has been sued by the U.S. Securities and Exchange Commission over allegations of financial misconduct.
Michael M. Santiago/Getty Images
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Despite a recent rough stretch for crypto, Wyoming still wants its business

by Will Walkey
Apr 7, 2023
Wyoming is continuing its efforts to bring cryptocurrency into the mainstream, but some are questioning whether that’s a good idea.
Caitlin Long, CEO of Custodia Bank, said that crypto has helped Wyoming diversify its economy.
Stefani Reynolds/AFP via Getty Images
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Banks in Turmoil

Has the banking crisis been a boon for crypto?

by Lily Jamali
Apr 3, 2023
Bitcoin and other digital currencies are riding a wave of momentum that started last month after tumult in the banking industry.
Bitcoin came into being after the Great Recession. Its price rallied after recent bank turmoil.
Mario Tama/Getty Images
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Federal regulators warn banks on crypto: Be careful

by Kimberly Adams
Feb 24, 2023
Three agencies aim to keep traditional banks from getting too involved in cryptocurrency, which has lost value and seen corporate meltdowns.
Although the Federal Reserve and other agencies are not imposing new regulations on cryptocurrency, their joint statement highlights liquidity risks.
Stefani Reynolds/AFP via Getty Images
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Race and Economy

Crypto marketing attracted a disproportionate number of Black investors. Here's why.

by Kimberly Adams
Feb 3, 2023
Black Americans were more likely to be involved in cryptocurrencies than white Americans, with many using crypto as their first foray into investing.
Attendees at a promotional event called “The Future of Blockchain Is Here!” in Bowie, Maryland.
Kimberly Adams/ Marketplace
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Sam Bankman-Fried Trial

Can crypto restore its credibility?

by Lily Jamali
Dec 13, 2022
Despite a raft of prosecutions and losses to investors in the billions, some say the industry has what it takes to find its feet.
Sam Bankman-Fried in 2021. The former FTX CEO was arrested in the Bahamas on behalf of the U.S., where federal prosecutors have indicted him for fraud and conspiracy.
Alex Wong/Getty Images
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When it comes to crypto, it's buyer beware

by Nancy Marshall-Genzer
Nov 11, 2022
The Consumer Financial Protection Bureau (CFPB) has released a new bulletin of consumer complaints about crypto.
The Consumer Financial Protection Bureau has received more than 8,000 complaints about crypto in the past four years.
Michael M. Santiago/Getty Images
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Sanctions and strong ruble challenge Russia's crypto mining industry

by Levi Bridges
Aug 9, 2022
A cold climate and cheap energy have made Russia a destination for bitcoin mining. But new factors confront its cryptocurrency efforts.
The strength of the Russian ruble has made it costly to mine cryptocurrency there. Above, a bitcoin mining center in Kirishi, Russia.
Olga Maltseva/AFP via Getty Images
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Crypto industry finds itself in the thick of local fights over greenhouse gas emissions

by Lily Jamali
Jul 1, 2022
New York's denial of a power plant permit highlights what's at stake for the crypto industry and communities fighting to meet climate goals.
Thursday, New York state officials decided not to renew an air permit for a cryptocurrency mining facility citing emission-reduction goals. Above, a workers install a row of bitcoin mining machines in Texas.
Mark Felix/AFP via Getty Images
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New York state awaits governor's decision on partial crypto mining moratorium

by Lily Jamali
Jun 23, 2022
The 2-year moratorium prevents the repurposing of fossil-fuel burning power plants into crypto mining operations.
A large metal tube juts into Seneca Lake. The Greenidge Generation crypto mining facility uses the tube to take in water to cool its equipment. The warmer water is then discharged back into the lake.
Lily Jamali/Marketplace
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