Tag Archives: cryptocurrency

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 …

Joel Dietz says crypto is rotten, and he’s going to court to try to prove it. Dietz is a self-described “founding member” of Ethereum, the computer network on which the world’s second-largest cryptocurrency is housed. He didn’t pen the code, but in 2014, before Ethereum had launched, he worked as …

For years, the world's largest cryptocurrency exchange, Binance, has been dogged by rumors of malfeasance and federal investigations. Today, in a set of accusations that will rock the already tumultuous world of crypto, the US Department of Justice revealed criminal charges against the company and its chief executive, Changpeng Zhao, …

Binance and its chief executive, Changpeng Zhao, pleaded guilty to criminal charges for anti-money laundering and violations of US sanctions under a sweeping deal with the US Department of Justice. The deal, which will allow the company to continue to operate, will also see Zhao step down as CEO. Binance …

For the past five years, the US Department of Justice has reportedly been investigating Binance, the world’s largest crypto exchange, for suspected money laundering, unlicensed money transmission, and criminal sanctions violations. But now, according to a report in Bloomberg, the DOJ is willing to settle—for $4 billion. Citing anonymous sources, …

It’s the sixth annual Black Blockchain Summit, and organizers are quietly removing a couple rows of chairs from the room. The Howard University auditorium we’re in looks a third empty. There are at most 100 people in the crowd today—a far cry from the 1,500 who attended the summit over …

Sam Bankman-Fried has been found guilty of fraud and conspiracy by a jury in a court in New York. The founder of bankrupt crypto exchange FTX was convicted on all of the seven counts on which he was tried. He awaits sentencing. A sprawling and sometimes technical case was ultimately …

At 7:33 pm eastern yesterday, Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, was found guilty of seven counts of fraud and conspiracy. The crypto industry exhaled. The verdict was a “huge relief,” says market analyst Noelle Acheson, formerly of crypto brokerage Genesis. The fraud at FTX, which threw the …