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Bitcoin, the benchmark cryptocurrency, dropped suddenly and sharply in Asian trading overnight, losing as much as 7%, before rebounding a little.
Forbes estimates Larsen's current net worth to be $2.1 billion.
Coinbase is closing a deal that values the six-year-old cryptocurrency trading platform at $8 billion, Recode reports.
'Stablecoins' are the hottest thing in crypto right now, with over 50 projects in development. A 'stablecoin' is a cryptocurrency that's price is pegged to a real-world asset like gold or the dollar. Here's a guide to what they're used for, how they work, and why people are excited about them.
Ethereum cofounder apologizes for old blog post where he wrote about having sex with a preteen girl, which he says was fiction
Ethereum cofounder Gavin Wood has apologised after a now-deleted blog post he wrote in 2013 came back to haunt him. BuzzFeed republished elements of the post, which resurfaced last year on Reddit. It featured a story about having sex with a preteen girl with AIDS named Elizabeth.
The sharp sell-off that gripped cryptocurrency markets on Wednesday has extended into a second day, with major digital assets across the spectrum continuing to fall during trading on Thursday.
Bitcoin dropped sharply Wednesday, losing $500 of value in just over an hour. Other cryptocurrencies fell even more sharply, with both ether and Ripple's XRP losing about 12%.
Bitcoin is still hard to predict – here’s everything you need to know about the cryptocurrency, from how it works to its place on Wall Str...
Bitcoin is everywhere. The cryptocurrency is seemingly in the news every day as investors and businesses try to understand the future of this digital finance.
The entire cryptocurrency market has gotten whacked since January, when the craze surrounding the nascent industry was nearing its peak. The flagship bitcoin has declined by 52% this year after hitting a peak of $19,843 shortly after the new year.