Tag Archives: blockchain-and-cryptocurrency

When more than $400 million worth of crypto was mysteriously pulled out of the coffers of what was once the world's biggest cryptocurrency exchange, FTX, on the very day that it declared bankruptcy in November of 2022, many initially suspected insiders at the company—including, potentially, then CEO Sam Bankman-Fried, now …

A survey of headlines from the past couple of years in the cryptocurrency industry might lead anyone to believe that it is a deeply unserious business. Hackers made off with billions of dollars, and scammers billions more. Regulators sued some of the largest crypto exchanges. High-profile businesses fell into bankruptcy. …

Bitcoin devotees are declaring a historic victory after US regulators approved a new, more accessible way for people to invest in the crypto asset after a decade of resistance. Yet they won’t go anywhere near it themselves. On January 10, after a farcical false start, the US Securities and Exchange …

For those who trade in child sexual exploitation images and videos in the darkest recesses of the internet, cryptocurrency has been both a powerful tool and a treacherous one. Bitcoin, for instance, has allowed denizens of that criminal underground to buy and sell their wares with no involvement from a …

US regulators have approved a new breed of financial product that will give people a way to invest in bitcoin through their brokerage for the first time, as if it were a regular stock. A selection of financial institutions, including household names like BlackRock and Fidelity, have been given permission …

A raft of US senators have demanded answers from the Securities and Exchange Commission (SEC) after a security incident led to false and market-moving information being published by the financial regulator. At 4:11 pm ET on January 9, a post was published to the SEC’s X account announcing the approval …

The fall of FTX created a “huge vacuum” in the cryptocurrency market, says Can Sun, cofounder of Backpack, a new crypto exchange under development in the United Arab Emirates. Sun knows that better than most: He was previously the general counsel at FTX, whose high-profile collapse has led to industry-wide …

One attraction of Binance, as the company grew from its 2017 founding into the biggest cryptocurrency exchange in the world, was the firm's freewheeling flouting of rules. As it amassed well over 100 million crypto-trading users globally, it openly told the United States government that, as an offshore operation, it …

The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto circles—and a surge in crypto prices. Several investment firms, including heavy-hitters like BlackRock and Fidelity, are queuing up …

The world’s largest crypto exchange, Binance, and its founder, Changpeng Zhao, pleaded guilty yesterday to criminal charges in the US, releasing a wave of pent-up tension that had hung over the crypto industry for years. Zhao, who also went by CZ, was one of the poster boys for crypto’s freewheeling …