HELL’S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell’s Gate National Park. The mine, tucked away on the edge of Lake Naivasha, is operated by a startup called Gridless and consists of a single 500-kilowatt … Read more
A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its … Read more
Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter.\ Update: FTX founder Sam Bankman-Fried sentenced to 25 … Read more
Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC Two years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world’s most valuable crypto companies. Today, he’s a 32-year-old inmate at the Metropolitan Detention Center in Brooklyn, waiting for … Read more
Brent Whitehead and Matt Lohstroh at the first unit they built in east Texas. Matt Lohstroh The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the world’s second-largest shale gas reserve called Vaca Muerta, which … Read more
AUSTIN — There is a sort of clubhouse for Austin’s bitcoin believers on the second floor of the Littlefield Building at the corner of Congress Avenue and Sixth Street. The hideaway is at the crossroads of two worlds — the majestic thoroughfare that leads to the Texas State Capitol and the iconic, albeit notorious, stretch … Read more
Bitcoin extended its slide on Tuesday, dropping more than $10,000 at one point from its all-time high last week. The flagship cryptocurrency was last lower by 4% at $64,440.14, according to Coin Metrics. Earlier it fell to as low as $62,320.30, after reaching a record of $73,679 last week. “As ETFs buy up available supply … Read more
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported theft. They were met by a loss prevention employee, who directed … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on February 29, 2024 in New York City. Michael M. Santiago | Getty Images A new day, a new all-time high. From stocks to bitcoin, asset classes across the board have been hitting uncharted territories. Why? There are a few reasons … Read more
Jaap Arriens | NurPhoto | Getty Images Bitcoin has reached a new all-time high for the first time in more than two years, as this year’s rally — fueled by excitement over bitcoin ETFs and the upcoming halving event — accelerated. The price of the cryptocurrency topped $69,210 on Tuesday morning before retreating, according to … Read more
