Latest Cryptocurrency News
Hong Kong and Macao police arrest 4 more people linked to JPEX cryptocurrency platform
HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million. The arrests bring the total number of people detained so far in...
Chase UK will soon bar its customers from making crypto transactions due to an uptick in scams
NEW YORK (AP) — Chase UK, JP Morgan's British digital bank, says it will bar customers from making cryptocurrency transactions starting next month — citing an uptick in scams and fraud. From Oct. 16 onward, Chase customers will no longer be able to make crypto transactions using...
Stanford says it will return all gifts from FTX following suit against Sam Bankman-Fried's parents
NEW YORK (AP) — Following a lawsuit against FTX Trading founder Sam Bankman-Fried's parents alleging that Stanford University received millions of dollars in donations from the now-collapsed cryptocurrency exchange, the school says it will return the funds of all gifts collected from FTX and...
Hong Kong to scrutinize cryptocurrency regulation after arrests linked to JPEX exchange
HONG KONG (AP) — Hong Kong’s leader said Tuesday that the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that impacted more than 1,600 investors and over $150 million in assets. ...
Binance.US CEO departs as crypto company cuts a third of its workforce
NEW YORK (AP) — The CEO of Binance's U.S. affiliate has departed the crypto trading platform amid another round of job cuts. Binance.US CEO Brian Shroder is no longer with the company, a spokesperson confirmed to The Associated Press Wednesday. The cryptocurrency exchange did not...
Bitcoin ETF appears to be on the way after court hands the SEC a stinging loss
NEW YORK (AP) — The cryptocurrency fund manager Grayscale won a major court battle Tuesday against the Securities and Exchange Commission, paving the way for the first bitcoin exchange-traded fund. Grayscale sued the SEC last year when the securities regulator denied its...
Investment scams are everywhere on social media. Here's how to spot one
NEW YORK (AP) — Social media is full of scammers promising guaranteed returns on investment, and consumers lost billions of dollars to them last year. Troy Gochenour, 50, of Columbus, Ohio, was conned out of $25,800, including $15,800 in borrowed money, in a crypto-mining scam...
People are losing more money to scammers than ever before. Here's how to keep yourself safe
NEW YORK (AP) — With the help of technology, scammers are tricking Americans out of more money than ever before. But there are steps you can take to keep your money and information safe. In 2022, reported consumer losses to fraud totaled $8.8 billion — a 30 percent increase from...
