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Tag: Virtual Currency

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Sam Bankman-Fried’s Parents Under Scrutiny in FTX Collapse

Mr. Bankman-Fried’s business and political empire was always a family affair. The FTX founder was a prolific political donor, and he was part of...

Sam Bankman-Fried Arrested in the Bahamas After US Prosecutors File Charges

Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges.“S.B.F.’s...

Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed

The day before the embattled cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of the rival exchange Binance, sent an alarmed...

BlockFi Files for Bankruptcy as FTX Fallout Spreads

BlockFi, a cryptocurrency lender that targeted ordinary investors eager for a piece of the crypto mania, filed for bankruptcy on Monday, felled by its...

FTX Says Assets ‘Missing’ or ‘Stolen’ as Bankruptcy Process Begins

Lawyers for the collapsed cryptocurrency exchange FTX on Tuesday painted a grim picture of the firm’s finances and the fate of the billions of...

Inside Gary Gensler’s SEC Campaign to Rein In the Crypto Industry

In March, eight months before his cryptocurrency empire imploded, Sam Bankman-Fried joined a video call with Gary Gensler, a longtime financial regulator who now...

The Fall of FTX’s Sam Bankman-Fried Puts Crypto Industry on Edge

It was a stunning fall for a celebrated executive who was leading the crypto industry’s charge into the mainstream of finance.Over the last two...

Could FTX’s Collapse Signal Even Tougher Times for Crypto? Here’s What to Know.

Second, is crypto’s regulatory future in jeopardy? FTX, after all, was one of only a handful of U.S. crypto firms that had invested heavily...

Cryptomining Capacity in U.S. Rivals Energy Use of Houston, Findings Show

Seven of the largest Bitcoin mining companies in the United States are set up to use nearly as much electricity as the homes in...

How Wall Street Escaped the Crypto Meltdown

Only a small subset of Goldman’s clients qualified to buy investments linked to crypto through the bank, said Mary Athridge, a Goldman Sachs spokeswoman....

Crypto Crash Widens Divide Between Rich and Amateur Traders

ENGLEWOOD, Colo. — The cryptocurrency market was in ruins. But Tyler and Cameron Winklevoss were jamming.The billionaire twins, best known for their supporting role...

Bitcoin Plummets Below $20,000 for First Time Since Late 2020

Square, another payments company, bought $50 million of Bitcoin and changed its name to Block, in part to signify its work with blockchain technology....

Crypto Firms Quake as Prices Fall

SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania.Over the last two years, as the prices of Bitcoin and other...

Thefts, Fraud and Lawsuits at the World’s Biggest NFT Marketplace

Chris Chapman used to own one of the most valuable commodities in the crypto world: a unique digital image of a spiky-haired ape dressed...

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