Latest Cryptocurrency News

$740M in crypto assets recovered in FTX bankruptcy so far

Nov. 23, 2022 16:36 PM EST

NEW YORK (AP) — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX said they've managed to recover and secure $740 million in assets so far, a fraction of the potential billions of dollars likely missing from the company's coffers. The...

Editorial Roundup: United States

Nov. 23, 2022 11:59 AM EST

Excerpts from recent editorials in the United States and abroad: Nov. 16 The Washington Post on post-FTX cryptocurrency: The supposedly responsible face of cryptocurrency turns out to have been anything but punctilious in his dealings — which should be...

NY gov signs novel law that limits cryptomining, for now

Nov. 22, 2022 21:54 PM EST

ALBANY, N.Y. (AP) — New York is taking a first-in-the-nation step to tap the brakes on the spread of cryptocurrency mining, under legislation that Gov. Kathy Hochul signed Tuesday. The measure comes amid growing scrutiny of the cryptocurrency industry following this month's...

US: 2 Estonians arrested in $575M cryptocurrency fraud

Nov. 22, 2022 10:39 AM EST

SEATTLE (AP) — Police in Estonia have arrested two men accused in a $575 million cryptocurrency fraud, U.S. authorities said Monday. An indictment unsealed in U.S. District Court in Seattle charged Estonian citizens Sergei Potapenko and Ivan Turogin, both age 37, with wire fraud...

NOT REAL NEWS: A look at what didn't happen this week

Nov. 18, 2022 10:39 AM EST

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Split-ticket voting in Arizona...

Exec who cleaned up Enron calls FTX mess "unprecedented"

Nov. 17, 2022 10:17 AM EST

The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron's bankruptcy, said he has never seen such a “complete failure” of corporate control. John Ray III, in a filing with the U.S. bankruptcy court for the district of Delaware, said there was a...

House panel to hold hearing on crypto exchange FTX collapse

Nov. 16, 2022 17:52 PM EST

WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services...

Size, scope of FTX failure gets clearer as users fear worst

Nov. 15, 2022 19:20 PM EST

NEW YORK (AP) — Just days after cryptocurrency's third-largest exchange collapsed, the public is starting to get an idea of how messy FTX's bankruptcy case could be. Other crypto firms are failing as a result of FTX's unraveling, events reminiscent of the domino-like meltdowns of the 2008...

Fed's top financial regulator urges 'guardrails' for crypto

Nov. 14, 2022 19:23 PM EST

WASHINGTON (AP) — The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange. Michael Barr, the Fed's vice chair for...

FTX bankruptcy also endangers founder's philanthropic gifts

Nov. 14, 2022 14:12 PM EST

NEW YORK (AP) — The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement. The FTX Foundation -- and other...