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Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’

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Bitcoin offices in Istanbul, Turkey, on May 11, 2022.Umit Turhan Coskun/NurPhoto via Getty ImagesNew York State Assemblymember Anna Kelles is tired of all...
Business

Crypto scams have cost people more than $1 billion since 2021, says FTC

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The crypto market can be volatile, but it's still attractive to young people who have "higher risk appetites," said Chris Adam of SharpRank.Insta_photos...
Business

Coinbase extends hiring pause for ‘foreseeable future’ and plans to rescind some offers

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Brian Armstrong, cofounder and CEO of Coinbase speaks onstage during 'Tales from the Crypto: What the Currency of the Future Means for You'...
Business

The luna cryptocurrency has been resurrected after its $40 billion collapse. It’s already crashing

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Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra.Dan Kitwood | Getty ImagesA new version of the...
Business

Some investors got rich before a popular stablecoin imploded, erasing $60 billion in value

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WASHINGTON — In May, the collapse of one of the most popular U.S. dollar-pegged stablecoin projects cost investors tens of billions of dollars...
Business

$60 billion collapse of major cryptocurrency is not the industry’s Bear Stearns moment — senators and regulators explain why

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WASHINGTON — It's been a brutal few weeks for the crypto market.Half a trillion dollars was wiped off the sector's market cap as...
Business

As Klarna cuts jobs, rival fintechs say they’re recruiting for hundreds of roles

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Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesNot all fintech unicorns are cutting jobs.After Klarna...
Business

Coinbase to slow hiring amid plunge in cryptocurrencies and tech stocks

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Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped.Chesnot | Getty ImagesCoinbase has become the...
Business

Investor interest in equity and crypto-focused funds picking up despite the sell-off, Tifin CEO says

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A Wall Street subway station near the New York Stock Exchange (NYSE) in New York, on Monday, Jan. 3, 2022.Michael Nagle | Bloomberg...
Business

Regulators are growing anxious about stablecoins after Terra’s stunning collapse

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The entire stablecoin market is now worth more than $160 billion.Justin Tallis | AFP via Getty ImagesRegulators are getting increasingly worried about stablecoins...
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