Crypto
Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector. About 1,000 people have signed up to watch the conference online and UK officials are expected to attend a live event in London on Tuesday.
The world's second biggest cryptocurrency after bitcoin, ethereum, will soon overhaul its blockchain technology to curb the network's much-criticised environmental impact. "The ethereum blockchain is the base layer infrastructure of the majority of the whole crypto ecosystem," summarised Lennart Ante, CEO and co-founder of the Blockchain Research Lab.
The closest most people get to owning a world-famous artwork is to buy a cheap poster from a gallery, but art dealers are determined to harness technology to draw in new collectors. Collectors and artists are among the most eager experimenters with the technology, even if it means owning only a slice of a digital copy of a painting.
The bitcoin boom spawned new billionaires and videos of beach parties and Lamborghinis. Bitcoin was the first cryptocurrency.
When video game designer Mark Venturelli was asked to speak at Brazil's biggest gaming festival, he submitted a generic-sounding title for his presentation -- "The Future of Game Design" -- but that was not the talk he gave.
An Irishman at risk of losing his farm. "Obviously I feel sorry for anyone who loses an investment like this, but it is just something where they need to be aware of the risks," he said. jm/des
Social media users have reacted to an emerging video from a church where members are being trained on crypto trading. It was the pastor that got them a tutor.
Tesla reported solid quarterly earnings Wednesday despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings. - Bitcoin sale - During the quarter, Tesla liquidated about 75 percent of its holdings in bitcoin, the value of which has declined sharply in 2022.
Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard said Friday.
Crypto
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