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News Articles: cryptocurrency

Securities and Exchange Commission Chair Gary Gensler listens during a meeting of top financial regulators at the U.S. Treasury Department on Oct. 3, 2022, in Washington, D.C. The SEC's lawsuit against crypto exchanges Binance and Coinbase this week are intended to bring both under the regulatory purview of the agency.

Tagged as: 

  • Business

Wall Street's top cop is determined to bring crypto to heel. He just took a big shot

The SEC announced this week a barrage of lawsuits against crypto exchanges Coinbase and Binance. The outcome could help define the future of the cryptocurrency sector.

June 10, 2023
|
By:
  • David Gura
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
Coinbase is a U.S.-based publicly traded cryptocurrency exchange.

Tagged as: 

  • Business

Cryptocurrency giant Coinbase strikes a $100 million deal with New York regulators

A review found that the exchange's compliance program violated state laws, making it "vulnerable to serious criminal conduct." It will pay a $50 million fine and spend the rest beefing up oversight.

January 04, 2023
|
By:
  • Giulia Heyward
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
In this photo provided by the North Korean government, North Korean leader Kim Jong Un attends a ruling party congress in Pyongyang on Jan. 12, 2021. North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, South Korea's spy agency said Thursday.

Tagged as: 

  • Asia

North Korea has hacked $1.2 billion in crypto and other assets for its economy

North Korean hackers have stolen an estimated $1.2 billion in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea's spy agency says.

December 22, 2022
|
By:
  • The Associated Press
U.S. Rep. Madison Cawthorn, R-N.C., speaks to supporters and the media in May at his primary election night watch party in Hendersonville, N.C..

Tagged as: 

  • Politics

Rep. Madison Cawthorn broke rules over a 'meme' crypto, a House panel finds

The investigation examined the one-term North Carolina Republican's promotion and purchase of LGB Coin, named for the chant "Let's Go Brandon" mocking Democratic President Joe Biden.

December 07, 2022
|
By:
  • The Associated Press
An advertisement for Bitcoin cryptocurrency is displayed on a street Feb. 17 in Hong Kong. Bitcoin slumped to a two-year low Wednesday.

Tagged as: 

  • Business

FTX crypto exchange, billions of dollars low and under DOJ scrutiny, seeks bankruptcy

FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. The Department of Justice and the SEC are investigating.

November 11, 2022
|
By:
  • The Associated Press
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
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
The mobile phone icon for the Coinbase app is shown in New York on April 13, 2021.

Tagged as: 

  • Business

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter

The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.

June 14, 2022
|
By:
  • Jaclyn Diaz and
  • David Gura
File photo of several dozen pills containing fentanyl. They are circular and blue, with one side showing a capital letter M and the other side showing the number 30.

Tagged as: 

  • Law

Charges filed in alleged international fentanyl drug ring that killed two Navy officers in Georgia

Put on hold by the COVID-19 pandemic, a federal case against two foreign nationals is proceeding after charges were first filed in 2019.

June 02, 2022
|
By:
  • Benjamin Payne
A yard sign protesting the proposed cryptocurrency mine in the town of Forsyth.

Tagged as: 

  • Business

Bitcoin mines come to rural Georgia communities. They're bringing opportunities — and tensions

Cryptocurrencies are money that only exist in the internet. Still, they have to be made by computers somewhere, and the pitch to let that be somewhere close to you can be very persuasive.

April 07, 2022
|
By:
  • Lars Lonnroth
El Salvador's El Zonte is now popularly known as "Bitcoin Beach," for being the first town to use the cryptocurrency as a form of payment for services, products and salaries.

Tagged as: 

  • World

El Salvador's leader wants to go in even bigger on bitcoin

After making the cryptocurrency legal tender, President Nayib Bukele plans to launch bitcoin-backed bonds to raise $1 billion for the country.

March 27, 2022
|
By:
  • Carrie Kahn
  • Load More

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