When the cryptocurrency exchange Coinbase went public in April 2021, it was a triumphant moment for the nascent crypto industry.But the company has endured a grim 2022, grappling with a […]
Virtual Currency
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Back to news homeThe Humbling of Coinbase
The bloat was especially severe on Coinbase’s customer-service team. New staff members often felt as if they didn’t have enough to do. “I got maybe four phone calls a day […]
The Crypto Market Crashed. They’re Still Buying Bitcoin.
“If you call out someone’s risks they’re taking, and they’re otherwise healthy, you can be accused of creating a run on the bank or being a troll,” said Michael Saylor, […]
How Wall Street Escaped the Crypto Meltdown
Only a small subset of Goldman’s clients qualified to buy investments linked to crypto through the bank, said Mary Athridge, a Goldman Sachs spokeswoman. Clients had to go through a […]
Crypto Crash Widens Divide Between Rich and Amateur Traders
ENGLEWOOD, Colo. — The cryptocurrency market was in ruins. But Tyler and Cameron Winklevoss were jamming.The billionaire twins, best known for their supporting role in the creation of Facebook, twirled […]
Bitcoin Plummets Below $20,000 for First Time Since Late 2020
Square, another payments company, bought $50 million of Bitcoin and changed its name to Block, in part to signify its work with blockchain technology. Tesla bought $1.5 billion of it. […]
Crypto Firms Quake as Prices Fall
SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania.Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated. […]
Thefts, Fraud and Lawsuits at the World’s Biggest NFT Marketplace
Chris Chapman used to own one of the most valuable commodities in the crypto world: a unique digital image of a spiky-haired ape dressed in a spacesuit.Mr. Chapman bought the […]
How Influencers Hype Crypto, Without Disclosing Their Financial Ties
Some of the projects that Mr. Armstrong promoted were small-time, experimental crypto ventures that eventually encountered problems. In those cases, he said, he considered himself a victim, too.“They’re preying on […]
How a Trash-Talking Crypto Bro Caused a $40 Billion Crash
Do Kwon, a trash-talking entrepreneur from South Korea, called the cryptocurrency he created in 2018 “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the […]