Money
Expert advice on saving, spending, borrowing, investing and everything in between.
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Bitcoin Miner Core Scientific Files for Bankruptcy
The cryptocurrency industry takes another big hit — one of the largest publicly traded Bitcoin miners, Core Scientific, has filed for bankruptcy. The miner reportedly still plans to mine cryptocurrency as it pays off its debts.
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European Central Bank Says Bitcoin Is On ‘Road to Irrelevance’
We can now add the European Central Bank to the ranks of high-ranking crypto sceptics, with high-ranking execs going further to say that crypto shouldn’t be legitimized by any government or major financial institution.
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Missing Money, Crypto Houses, and Emoji Payments: Here’s the Most Batshit Revelations From FTX’s Latest Bankruptcy Filing
Once upon a time, the cryptocurrency exchange FTX was a jewel of the web3 world. Now, in the span of a week, its reputation has transformed from shooting star to sinking ship. After admitting to mismanaging large amounts of customer money, the exchange’s founder and CEO, Sam Bankman-Fried (also known by his initials “SBF”) ignominiously…
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Vast Majority of People Who Invest in Bitcoin Inevitably Lose Money, Study Shows
Around three quarters of newfound bitcoin investors have lost money when putting their funds into the great crypto game, according to new research from one of the world’s leading central bank institutions.