Author: Jonathan Ponciano, Forbes Staff

Bitcoin Miner Core Scientific To Go Public At $4 Billion Valuation As U.S. Crypto Mining Gains Steam On China Crackdown

Forbes

Topline Core Scientific, one of the largest cryptocurrency miners in the United States, announced Wednesday it plans to list on the Nasdaq exchange in a deal that values the four-year-old company at $4.3 billion—the latest sign the nation’s growing prominence Read More

Dogecoin Cofounder Blasts Crypto And Claims ‘Billionaires Manipulating Markets’—Here’s Why He Quit The Joke Memecoin Years Ago

Forbes

Topline Though he’s kept quiet for much of dogecoin’s meteoric rise over the past year, the coin’s cofounder Jackson Palmer broke his silence to rail against cryptocurrencies in a wild tweetstorm Wednesday afternoon, offering a rare glimpse into his long Read More

Mark Cuban-Backed Cryptocurrency Crashed 100% In One Day—And These Other Buzzy Tokens Have Also Collapsed

Forbes

Topline In the latest sign of peak cryptocurrency mania subsiding, a token backed by billionaire Mark Cuban crashed down to zero dollars Tuesday, joining a slew of other hyped-up cryptocurrencies that have crashed over the past month after frenzied trading Read More

Bitcoin’s Biggest Corporate Investor Raises $500 Million To Buy More—Topping Expectations As Crypto Surges

Forbes

Topline Less than a week after announcing the offering, business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, has raised $500 million in bonds to acquire more of the world’s largest cryptocurrency—signaling institutional investors Read More

Crypto Markets Crash Again After DOJ Seizes $2.3 Million Bitcoin Ransom

Forbes

Topline After regulatory concerns in China crashed the market last month, cryptocurrencies plummeted again Tuesday morning after the Department of Justice said it seized $2.3 million in bitcoin as part of its investigation into a ransomware attack that shut down Read More

Bitcoin’s Biggest Corporate Backer Expects $285 Million Loss After Crypto Crash—But Wants To Raise $400 Million In Debt To Buy More

Forbes

Topline After Bitcoin’s massive crash last month, business analytics company MicroStrategy, the cryptocurrency’s biggest corporate owner, warned Monday it expects to incur a loss of at least $284.5 million in the second quarter as a result of its bitcoin holdings, Read More

Senators Urge Crack Down On Crypto As Ransom Payment After Gas Pipe, Meat Plant Hacks

Forbes

Topline After a second widespread ransomware attack in less than one month, two senators on the Intelligence Committee suggested Sunday that lawmakers should take increased measures to regulate and trace cryptocurrencies, the medium of exchange that’s become popular among hackers Read More

Crypto Crash Intensifies As Losses Eclipse $1.3 Trillion Just Two Weeks After Market’s All-Time High

Forbes

Topline The cryptocurrency market’s massive crash worsened Sunday as a wave of crackdown measures in China continues to rattle investor sentiment, pushing losses to more than $1.3 trillion since a market peak on May 12, the day billionaire Elon Musk Read More

Report: U.S. Officials Investigating Crypto Exchange Binance Amid Market’s Massive Boom

Forbes

Topline The Department of Justice and Internal Revenue Service have reportedly opened an investigation into cryptocurrency exchange Binance, heightening tensions in the largely unregulated industry amid unprecedented market volatility and reports that hackers demanded a $5 million cryptocurrency ransom from Read More

Cardano Surges During $300 Billion Crypto Crash As Musk Eyes Sustainable Bitcoin Alternatives

Forbes

Topline As the broader cryptocurrency market plunges after billionaire Elon Musk said Tesla would no longer accept bitcoin because of its hefty environmental cost, the price of Cardano’s ada, the world’s fourth most-valuable token, surged, as crypto traders and analysts Read More

Ethereum, Cardano And These Other Surging Cryptocurrencies Are Propelling The Market To $2.5 Trillion

Forbes

Topline Though the price of bitcoin has fallen over the past week, the cryptocurrency market is still soaring to new highs as investors plow into a booming crop of altcoins, or bitcoin alternatives, minting massive gains and echoing the crypto Read More

Ether Skyrockets To New Highs—Adds $50 Billion In One Week—As Bitcoin Struggles After Flash Crash

Forbes

Topline Ether, the world’s second-largest cryptocurrency, has soared to new highs over the past week, swallowing up a larger share of the market and posting the biggest gain in value among cryptocurrencies this week as investors shy away from bitcoin, Read More