Bitcoin is on the move again. The world’s largest cryptocurrency by market value surged past a symbolic milestone on Wednesday, reaching a record-breaking $112,055 on the Coinbase exchange around 3:55 p.m. ET. That’s the highest price ever recorded for Bitcoin on Coinbase, surpassing the previous high of $111,891 set in May. With this latest surge, […]
A Viral Question Is Puzzling Bitcoin Fans: Why Isn’t the Price Rising?
A question is going viral on social media, reflecting the confusion shared by Bitcoin skeptics and believers alike. “Can anyone explain to me why companies are buying billions of dollars of Bitcoin every week and the price is virtually unchanged over the last 6 months?” one user posted on X on June 27. “Explain it […]
Crypto-Friendly GENIUS Act Fails Key Senate Vote as Dems Defect
In a rare occurrence, which may only last for a week, Democrats in the Senate showed some spine and voted down an important procedural vote on the GENIUS Act, a bill that would establish a (very weak) regulatory framework for the use of stablecoins. It was expected that the bill would get rubber-stamped, given the […]
U.S. Housing Agency Considers Launching Crypto Experiment
ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. The U.S. Department of Housing and Urban Development is considering taking a first step to using cryptocurrency, according to a meeting recording and other materials reviewed by ProPublica and three officials familiar […]