The Latest Breaking News from Bitcoin

Bitcoin and other major coins failed to find upward momentum on Tuesday evening as the global cryptocurrency market cap fell 1.6% to $1.7 trillion at press time.

MicroStrategy Inc (NASDAQ: MSTR) shares are trading lower in Tuesday’s after-hours session after the company announced its first-quarter financial results. 

WASHINGTON — A new type of digital asset called an algorithmic stablecoin is gaining steam among crypto-enthusiasts — and drawing steam among critics, who warn its risks are in plain sight.

Bitcoin (CRYPTO: BTC) miners have embraced new strategies to finance operations without selling any of their crypto holdings.

Experts see risks in algorithmic stablecoins that market incentives to maintain a stable price against a currency such as the dollar.

Crypto fintech business Mode has sought to reset its business with the launch of a new bitcoin cashback scheme, months after an embarrassing climbdown that led to the exit of its CEO.

Ken Griffin, the billionaire founder of Citadel Securities, is still skeptical about cryptocurrency.

Bitcoin, Ethereum and Dogecoin appeared to be under pressure at press time, as the global cryptocurrency market cap inched down 0.05% to $1.7 trillion ahead of a key policy meeting of the U.S. Federal Reserve.

But Blockware Mining isn’t alone in Kentucky. As the technology takes off, a cryptocurrency mining boom is taking place in the state that’s known for mining coal. It’s a burgeoning industry that investors see as a cutting-edge economic opportunity. But critics say it’s compounding the world’s preeminent crisis – climate…