Satoshi Nakamoto is the founding father of cryptocurrency—and a mystery. In October 2008, Nakamoto gave Bitcoin to the world. Then they disappeared. To this day, nobody knows who Nakamoto is. Amongst the speculation, one man stepped forward: Craig Wright, an Australian computer scientist who has, since 2016, maintained that he …
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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 …
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Stablecoins, cryptocurrencies pegged to a stable value like the US dollar, were created with the promise of bringing the frictionless, border-crossing fluidity of Bitcoin to a form of digital money with far less volatility. That combination has proved to be wildly popular, rocketing the total value of stablecoin transactions since …
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Just over a decade ago, Bitcoin appeared to many of its adherents to be the crypto-anarchist holy grail: truly private digital cash for the internet. Satoshi Nakamoto, the cryptocurrency’s mysterious and unidentifiable inventor, had stated in an email introducing Bitcoin that “participants can be anonymous.” And the Silk Road dark-web …
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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 …
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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 …
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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 …
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Bitcoin’s price shot up on Tuesday after the Securities and Exchange Commission’s (SEC) official Twitter/X account appeared to announce approval for the cryptocurrency’s exchange-traded funds (ETF). Unfortunately for crypto enthusiasts, it was all a lie. The SEC soon revealed that its Twitter/X account had been hacked and that no such …
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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 …
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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 …
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