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It’s not just electricity — Bitcoin mines burn through a lot of water, too

Lights illuminate application-specific integrated circuit (ASIC) devices used for Bitcoin mining. | Andrey Rudakov/Bloomberg via Getty Images Bitcoin mines aren’t just energy-hungry, it turns out they’re thirsty, too. The water consumption tied to a single Bitcoin transaction, on average, could be enough to fill a small...

Wed Nov 29, 2023 18:06
Binance criminal settlement includes $4 billion fine and CEO’s guilty plea

Nick Barclay / The Verge Changpeng “CZ” Zhao, the owner and CEO of the cryptocurrency exchange Binance, has agreed to step down and plead guilty to breaking anti-money laundering laws, according to papers filed in a Seattle court on Tuesday. This comes as part of the major settlement the Department of Justice announced this...

Tue Nov 21, 2023 20:29
CoinDesk bought by crypto exchange Bullish

Illustration by Alex Castro / The Verge After FTX’s collapse led to financial woes for CoinDesk’s parent company, the cryptocurrency news site is getting acquired. Bullish, a crypto exchange run by former New York Stock Exchange president Tom Farley, purchased the entire site in an undisclosed all-cash deal, as first reported...

Mon Nov 20, 2023 17:00
Disney Pinnacle is preparing to be the next big NFT failure

Image: Dapper Labs NFTs aren’t gone yet — Disney will launch an “all-new socially driven collectible experience” called Disney Pinnacle later this year, turning characters from Pixar, Star Wars, and its classic animated films into tradable digital pins. The Disney Pinnacle website has a waitlist for interested traders and...

Tue Nov 14, 2023 19:42
Bored Ape NFT event attendees report ‘severe eye burn’

Several event attendees saught medical attention after experiencing eye and skin injuries. | Image: @CryptoJune777 / Yuga Labs Several people have reported experiencing eye pain, vision problems, and sunburnt skin on Sunday after attending ApeFest, a Bored Ape Yacht Club NFT collection event in Hong Kong that ran from November...

Mon Nov 6, 2023 14:36
Sam Bankman-Fried’s shadow still looms over the crypto industry

Photo Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Getty Images Cryptocurrency advocates might believe that FTX’s collapse was an anomaly — but they could have trouble convincing the public of the same. During Sam Bankman-Fried’s monthlong fraud trial, prosecutors presented damning evidence that the...

Sat Nov 4, 2023 15:16

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