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News Articles: Bitcoin

FTX founder Sam Bankman-Fried arrives at the U.S. Federal Court in New York for a hearing on Feb. 16, 2023. As he awaits trial, the disgraced former CEO is defending himself in the court of public opinion.

Tagged as: 

  • Business

Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut up

Most white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.

February 26, 2023
|
By:
  • David Gura
Former FTX chief executive Sam Bankman-Fried arrives in a Manhattan federal court in New York on Jan. 3. Bankman-Fried pled not guilty to criminal fraud charges related to the spectacular collapse of his crypto exchange.

Tagged as: 

  • Business

Sam Bankman-Fried pleads not guilty to fraud and other charges tied to FTX's collapse

The co-founder and former CEO of FTX pleaded not guilty to eight criminal counts related to the spectacular collapse of his crypto exchange.

January 04, 2023
|
By:
  • David Gura
FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his first court appearance in New York. Federal prosecutors have charged him with criminal fraud.

Tagged as: 

  • Business

2022 was the year crypto came crashing down to Earth

For the world of crypto, 2022 started with exuberance and ended with its unofficial spokesman in handcuffs.

December 29, 2022
|
By:
  • David Gura
On Monday, FTX founder Sam Bankman-Fried was arrested by police in the Bahamas at the request of the U.S. government.

Tagged as: 

  • Business

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

December 16, 2022
|
By:
  • David Gura
As FTX collapsed in early November, Samuel Bankman-Fried handed over control the cryptocurrency exchange he founded to John J. Ray III, a corporate turnaround specialist.

Tagged as: 

  • Business

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

November 23, 2022
|
By:
  • David Gura
Sam Bankman-Fried, the now-former CEO of FTX, encouraged the cryptocurrency exchange's customers to buy its own cryptocurrency, called the FTX Token.

Tagged as: 

  • Business

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

November 15, 2022
|
By:
  • David Gura
Signage for the FTX Arena, where the Miami Heat basketball team plays, is visible Saturday in Miami. Sam Bankman-Fried received numerous plaudits as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world's first trillionaire. Now the comments about the 30-year-old aren't so kind.

Tagged as: 

  • Business

The downfall of FTX's Sam Bankman-Fried sends shockwaves through the crypto world

Sam Bankman-Fried received huge plaudits and superstar status as the head of cryptocurrency exchange FTX. Now the comments aren't so kind after FTX filed for bankruptcy protection.

November 14, 2022
|
By:
  • The Associated Press
The White House is encouraging regulators to exercise more oversight of digital assets, including cryptocurrencies like bitcoin.

Tagged as: 

  • Economy

The White House calls for more regulations as cryptocurrencies grow more popular

The Biden administration is calling for more oversight as the adoption of cryptocurrencies grows, saying they pose significant risks.

September 16, 2022
|
By:
  • David Gura
At the beginning of the pandemic, Michelle Milkowski started investing in penny stocks. A few months later, she bought cryptocurrency for the first time.

Tagged as: 

  • Business

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

July 26, 2022
|
By:
  • David Gura
Tesla has pulled back from its $1.5 billion investment in Bitcoin, which it announced in early 2021. Here, a Bitcoin ATM is seen last year inside a New York City store.

Tagged as: 

  • Business

Tesla cashes out $936 million in Bitcoin, after a year of crypto turbulence

Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency. But it now says its profitability was affected by "Bitcoin impairment."

July 21, 2022
|
By:
  • Bill Chappell
A visual representation of the digital Cryptocurrency, Bitcoin. A new report says the technology's security is vulnerable.

Tagged as: 

  • Business

Cryptocurrency tech is vulnerable to tampering, a DARPA analysis finds

A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.

June 22, 2022
|
By:
  • Martin Kaste
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.

Tagged as: 

  • Business

Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

June 19, 2022
|
By:
  • David Gura
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.

Tagged as: 

  • Business

Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

June 19, 2022
|
By:
  • David Gura
A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days.

Tagged as: 

  • Business

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

June 17, 2022
|
By:
  • David Gura
A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days.

Tagged as: 

  • Business

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

June 17, 2022
|
By:
  • David Gura
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