Latest Cryptocurrency News
Seattle startup's ex-CFO accused of diverting $35 million, losing it in crypto crash
SEATTLE (AP) — The former chief financial officer of a Seattle-based startup took $35 million of his employer's money without permission and lost it by investing in cryptocurrency before the crypto market crashed last year, according to a federal indictment returned by a grand jury Wednesday. ...
Crypto rules get final approval to make Europe a global leader on regulation
LONDON (AP) — The European Union's sweeping set of beefed-up cryptocurrency rules got final approval from member states Tuesday, giving the 27-nation bloc a global lead in regulating the freewheeling sector. The European Council adopted the package of rules — known as Markets in...
Hut 8: Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Hut 8 Mining Corp. (HUT) on Thursday reported earnings of $80.2 million in its first quarter. The Toronto-based company said it had profit of 35 cents per share. Losses, adjusted for non-recurring gains, were 9 cents per share. The...
FTX founder Sam Bankman-Fried seeks dismissal of indictment
NEW YORK (AP) — FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets dubbed...
FTX founder Bankman-Fried charged with paying $40M bribe
NEW YORK (AP) — FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday. The charge of conspiracy to violate the...
Black, Hispanic investors struggle with faith in crypto
NEW YORK (AP) — A software developer twice invested his savings in cryptocurrencies, only to lose it all. But he still promotes it to the Black community and would like to get back in himself. A recent college graduate and a single mom are dabbling hopefully in bitcoin after...
South Dakota gov's veto of cryptocurrency regulations upheld
South Dakota's House failed Monday 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. The bill had passed smoothly throughout the legislature, and Noem's veto of last week was upheld on a...
Binance and founder Changpeng Zhao sued by CFTC
Binance and its founder Changpeng Zhao are being sued by the Commodity Futures Trading Commission for numerous alleged violations of the Commodity Exchange Act and CFTC regulations. Binance’s former chief compliance officer, Samuel Lim, was also charged with aiding and abetting...
Coinbase tumbles after SEC warns of securities violations
Shares of Coinbase tumbled 15% Thursday after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could face securities charges. The cryptocurrency trading platform said in an SEC filing late Wednesday that it had received a...
Editorial Roundup: South Dakota
Yankton Press & Dakotan. March 13, 2023. Editorial: The State Tackles Cryptocurrency If nothing else, Gov. Kristi Noem’s veto of House Bill 1193, which would enact changes in South Dakota’s commercial code, will likely bring much more public attention to a...
