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Virtual Currency

Floyd Mayweather and DJ Khaled Are Fined in I.C.O. Crackdown

SAN FRANCISCO — When the virtual currency markets were hot last year, the boxer Floyd Mayweather Jr. and the music producer and rapper Khaled Khaled, known as DJ Khaled, were getting paid to promote new digital tokens. On Thursday, regulators announced that Mr. Mayweather and Mr. Khaled will have to …

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5 Reasons Cryptocurrency Prices Are Plunging Again

SAN FRANCISCO — The news on Wall Street this week has been bleak: sharp declines, fears of a bear market and high-flying technology stocks that suddenly took a tumble. Traditional stock investors may be taking a beating, but they should be glad they didn’t put their money in cryptocurrencies. As …

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Bitcoin’s ‘First Felon’ Faces More Legal Trouble

SAN FRANCISCO — Over the last year, Charlie Shrem, a 28-year-old Bitcoin investor, has bought two Maseratis, two powerboats — one of them 32 feet long — and a $2 million house in Florida, along with smaller pieces of real estate. In the world of cryptocurrencies, where millions can be …

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A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada

STOREY COUNTY, Nev. — An enormous plot of land in the Nevada desert — bigger than nearby Reno — has been the subject of local intrigue since a company with no history, Blockchains L.L.C., bought it for $170 million in cash this year. The man who owns the company, a …

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Alas, the Blockchain Won’t Save Journalism After All

This is a crypto coin. Like a real coin, it is a representation of value. Unlike a real coin, you can’t hold it. To help you relate, we have anthropomorphized it. This coin’s every movement — and the movement of every coin like it — is recorded in a constantly …

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