Currencies

Fed Chair Powell hints on digital dollar timing

Federal Reserve Chairman Jerome Powell said that the central bank was advancing research and public outreach regarding its own digital dollar – and a white paper could be released this fall.

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.