Cryptocurrency

Donald Trump’s campaign says it will begin accepting contributions through cryptocurrency

Donald Trump’s presidential campaign will begin accepting donations in cryptocurrency, the presumptive Republican presidential nominee’s campaign says.

A timeline of the collapse at FTX

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

New funds will make investing in bitcoin easier. Here’s what you need to know

Minority investors struggle with faith in crypto

Many minority investors were drawn to cryptocurrency by its promise to be a pathway to wealth-building outside of the traditional financial system. But crypto’s spectacular crash over the past year has dealt a blow to that narrative. (March 27)

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US prosecutors try to send warning to cryptocurrency world with KuCoin prosecution

A top U.S. prosecutor has announced criminal charges against a once ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow U.S. laws.

Pastor accused of defrauding investors of $3M via crypto scheme says he got help from ‘the Lord’

A Colorado pastor for an online church who is accused of defrauding investors of more than $3.2 million through a cryptocurrency marketplace he ran with his wife says “the Lord” helped him orchestrate the venture.

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

The Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin.

Regulators and law enforcement crack down on crypto’s bad actors. Congress has yet to take action

While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry.

Bankman-Fried’s trial exposed crypto fraud but Congress has not been eager to regulate the industry

The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is the latest black mark for the crypto industry.

Caroline Ellison, saying Sam Bankman-Fried corrupted her values, found relief when truth came out

Sam Bankman-Fried’s former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets.

Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan.

Binance.US CEO departs as crypto company cuts a third of its workforce

The CEO of Binance’s U.S. affiliate is leaving the crypto trading platform amid another round of job cuts.

People are losing more money to scammers than ever before. Here’s how to keep yourself safe

Business for scammers is booming. The most recent Federal Trade Commission data from 2022 shows that reported consumer losses to fraud totaled $8.8 billion.

SEC lawsuits against cryptocurrency companies raise questions about industry’s future

Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.

FTX founder Bankman-Fried charged with paying $40M bribe

A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business.

South Dakota gov’s veto of cryptocurrency regulations upheld

South Dakota’s House has failed to override Gov. Kristi Noem’s recent veto of a bill that would have created government regulations for the use of cryptocurrency in the state.

FTX’s Bankman-Fried faces new charges in updated indictment

FTX founder Sam Bankman-Fried faces additional fraud charges in a rewritten indictment that was unsealed in New York federal court.

FTX founder’s bail signatories include 2 family friends

Two Stanford University academics signed on to FTX founder Sam Bankman-Fried’s $250 million bail package, enabling him to live with his parents while awaiting trial on fraud charges.

Year after ‘Crypto Bowl,’ crypto ads vanish from big game

Cryptocurrency companies grabbed the spotlight during the 2022 Super Bowl, with commercials from a handful of newcomers to advertising’s biggest stage: FTX, Coinbase, Crypto.com and eToro.

Insider Q&A: Lone Star Credit Union CEO on cryptocurrencies

Credit unions have been dipping their toes into cryptocurrency over the past year. The timing largely coincided with the “crypto winter” that saw digital coins plunge in value and numerous exchanges and lenders collapse.

Cryptocurrency fraud scheme lands man 8 years in prison

BOSTON (AP) — The founder of a cryptocurrency and virtual payment services company who authorities say cheated dozens of investors out of about $7.5 million, which he used to buy a house, cars, jewelry, and other luxuries, has been sentenced to more than eight years in prison.

Wyoming crypto bank’s Federal Reserve application denied

The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership.

El Salvador says it paid maturing $800 million bond

SAN SALVADOR, El Salvador (AP) — El Salvador has repaid one of two outstanding $800 million bonds, the country’s treasury minister announced, pushing back worries the government could default amid its decision to make the volatile cryptocurrency bitcoin legal tender.

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.

Winklevoss twins, Genesis target of SEC crypto crackdown

The Securities and Exchange Commission went after two prominent companies in the crypto community on Thursday.

Another round of Coinbase job cuts, 20% of workforce let go

NEW YORK (AP) — Cryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.

‘The money is gone': Bahamas tries to turn page after FTX

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs.

NY sues over alleged fraud at failed crypto lender Celsius

New York Attorney General Letitia James is suing the former CEO of the failed cryptocurrency lending platform Celsius Network, saying he misled investors.

Judge kept FTX execs’ plea deals secret to get founder to US

A judge kept secret that two of Sam Bankman-Fried’s executive associates were cooperating with investigators so the cryptocurrency entrepreneur wouldn’t get spooked and fight extradition from the Bahamas to the United States.

Wyoming bullishly courts crypto, even after collapse of FTX

For decades, Wyoming has sought to escape the boom-and-bust cycles of its fossil-fuel-driven economy.

FTX founder agrees to extradition to US, attorney says

Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas.

Senate crypto hearing yields big claims, possible regulation

Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday.

FTX founder charged in scheme to defraud crypto investors

The U.S. government charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday.

New FTX CEO says lax oversight, bad decisions caused failure

The new CEO of FTX says the founder of the failed cryptocurrency exchange helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange.