Bitcoin holders feeling dejected by the currency’s latest slump have found a new target to blame: national governments dumping large quantities on the market. They might have a point. In the last week alone, the U.S. government moved to sell 3,940 Bitcoins (worth around $240 million) seized from a narcotics trafficker in 2014, while the
Happy Friday. It was nearly two years ago that we relaunched the Fortune Crypto newsletter, giving it a new name and switching to a daily format. And what a two years it has been. Our daily chronicles began with the final hurrah of an earlier crypto bubble, which turned into a slump and then a
I didn’t see that coming. On Thursday, Robinhood announced it is buying long-running crypto exchange Bitstamp for $200 million, a move that has big implications for both the company and the broader crypto industry. The deal will add four million to five million new crypto customers for Robinhood but, more significantly, it will also let
Crypto can feel stale these days as the same names talk about the same old things. That’s why it’s refreshing to meet Jesse Pollak, the Coinbase engineer who built the company’s popular Base blockchain. Pollak stands out because, unlike the recent influx of folks from Wall Street and Washington, D.C., looking to make a buck,