Currencies

Bitcoin mining operation in Finger Lakes sparks local concerns

A gas-fired power plant being used to support a Bitcoin mining operation in upstate New York has divided local residents over the environmental toll of the energy-intensive process versus the economic benefits the business brings to town.

Bitcoin price pierces $35,000, ETF race heats up

Bitcoin prices rose for the second straight day Tuesday in part due to news Morgan Stanley bought into Grayscale Bitcoin Trust through its Europe Opportunity Fund, according to an SEC filing.

Feds accelerating crypto world crackdown

Job postings indicate the Federal Government is worried about the proliferation of crimes involving digital currencies such as Bitcoin and Ethereum, and plans a broad criminal crackdown on illicit activities in the crypto world. In recent weeks, crypto-related criminal activity has been making national headlines particularly with the cyberattack on the Colonial Pipeline in May that resulted in the days-long shutdown of the country’s largest fuel pipeline.