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As Bitcoin Prices Swing, Millionaires Lose Sleep Over Lost Keys

Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million.The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin. While the price of Bitcoin dropped sharply on Monday, it is still up more than 50 percent from just a month ago when it passed its previous all-time high around $20,000. The problem is that Mr. Thomas years ago lost the paper where he wrote down the password for …

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Companies That Donated to Senators Planning Election Results Challenge Face Questions

What election objectors could cost their corporate donorsAny remaining notions that the presidential transition would go smoothly were shattered this weekend when 11 Republican senators announced that they would not certify Joe Biden’s Electoral College victory during a joint Congressional session on Wednesday. At the same time, President Trump pressured …

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Bitcoin Climbs to Record High

Bitcoin is back. Again.Nearly three years after it went on a hair-bending rise and hit a peak of $19,783, the price of a single Bitcoin rose above that for the first time on Monday, according to the data and news provider CoinDesk. The cryptocurrency has soared since March, after sinking below $4,000 at the outset of the coronavirus pandemic.Bitcoin’s latest climb is different from its last spike in 2017, which was driven largely by investors in Asia who had just learned about cryptocurrencies. Back then, the digital token soon lost momentum as people questioned what it could do other than …

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‘Tokenized’: Inside Black Workers’ Struggles at Coinbase

SAN FRANCISCO — One by one, they left. Some quit. Others were fired. All were Black.The 15 people worked at Coinbase, the most valuable U.S. cryptocurrency start-up, where they represented roughly three-quarters of the Black employees at the 600-person company. Before leaving in late 2018 and early 2019, at least 11 of them informed the human resources department or their managers about what they said was racist or discriminatory treatment, five people with knowledge of the situation said.One of the employees was Alysa Butler, 25, who worked in recruiting. During her time at Coinbase, she said, she told her manager several times about …

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