cryptocurrencies

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value.TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 6:48 a.m. ET, it had rebounded partially to about 47 cents in volatile trading. A stablecoin, this breed of cryptocurrencies had gained favor among traders for being the one part of the crypto universe that was known for its stability. While the most popular stablecoins maintain their…

The cryptocurrency market has continued its slide from last week, mirroring the fall of the broader stock market. The world’s largest cryptocurrency, bitcoin, fell to $31,075.70 on Monday evening, a 10% drop from Sunday at 5 p.m. EDT, according to prices from CoinDesk. Bitcoin’s price has fallen 54% from its record high of $67,802 in November. It is on track for the worst five-day stretch since the five days ended March 16, 2020, when it fell almost 38%.…

The decline of bitcoin, the world’s largest cryptocurrency, mirrored the slide of the overall stock market. Photo: Kin Cheung/Associated Press…

California Governor Gavin Newsom speaks at a press conference in Oakland, California, on Wednesday, on Feb. 9, 2022.Medianews Group/east Bay Times Via Getty Images | Medianews Group | Getty ImagesTech investors and businesses in California have been betting on crypto for well over a decade. Now, the governor of the U.S. state with the largest economy is joining the party.California Gov. Gavin Newsom issued an executive order Wednesday on cryptocurrencies, laying out a road map for regulatory and consumer protections and…

WASHINGTON— Nvidia Corp. NVDA -0.90% has agreed to pay $5.5 million to settle a regulatory investigation that found it didn’t adequately reveal the impact of cryptomining on its sales of powerful chips designed for computer gaming. The Securities and Exchange Commission said Nvidia’s sales of its graphics processing units, or GPUs, were materially boosted in its 2018 fiscal year by consumers who bought them to mine new units of…

WASHINGTON—The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other misconduct, a move that follows the agency’s aggressive push to get the unregulated industry to come under federal supervision. The SEC said it plans to add 20 investigators and litigators to its Crypto Assets and Cyber Unit, which was created in September 2017 when regulators noticed a surge of new digital coins sold to the public. The…

Twitter recently released a new feature for users to tip their most favoured content creators – using Bitcoin. Named Tips, the feature will allow Twitter influencers to earn money from anywhere in the world without any geographical restrictions. Twitter has partnered with Strike, a platform built on Bitcoin Lightning Network, which can execute instant international payments at virtually no cost. Twitter has added a tiny money icon, which if turned on, would appear on the creator's profile, informing others that Bitcoin…