In a span of less than 12 months, nearly all of the biggest cryptocurrency equivalent of a banks have failed spectacularly. Last week, Genesis filed Chapter 11, joining Voyager Digital, Celsius and BlockFi on the list of companies that have either filed for bankruptcy protection or gone out of business.
Now indicted Sam Bankman-Fried spent millions of dollars to boost the chances of Democratic candidates in this year’s elections.
The Biden administration views the explosive popularity of cryptocurrency as an opportunity to examine the risks and benefits of digital assets, said a senior administration official who previewed the order Tuesday on the condition of anonymity, terms set by the White House.
A special kind of art gallery in Chicago is emerging as a brick-and-mortar trailblazer in the digital art world. The art space imnotArt in Chicago’s Wicker Park neighborhood bills itself as the city’s first physical NFT gallery and one of the first of its kind in the world.
Thieves claiming to be affiliated with ComEd are contacting Illinois residents and threatening to shut off their electricity unless a purportedly “past-due” bill is paid immediately via Bitcoin, according to a warning from Attorney General Kwame Raoul.
Even by Bitcoin’s standards, last week was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies.
As the development of NFTs—non-fungible tokens—gives artists more autonomy over their work and how it’s shared in a digital capacity, a new exhibit is showcasing how this digital art can take over physical spaces.
The soaring price of Bitcoin has many environmentalists concerned. University of Chicago paleontologist Neil Shubin has more on that and other science stories making headlines around the world.
In the art world and beyond, NFTs – or non-fungible tokens – are all the rage right now. But what are they? Law professor Donna Redel explains.
Facebook CEO Mark Zuckerberg faced tough questions Wednesday from members of Congress about his social media platform’s digital currency project. We discuss the billionaire tech entrepreneur’s plans for Libra.
On Tuesday, Facebook formally announced plans for Libra – a cryptocurrency the social network plans to release in 2020. How it’s different, and why some are calling for a halt to its development.