Nov 12 How Wall Street is reacting to a second Trump term in 8 different sectors By Associated Press While strong rhetoric on the campaign trail can cause these big swings, not all of the promises turn into actual policy. Continue reading
Nov 06 Stocks and bitcoin soar after Trump’s victory, while inflation worries rise; Dow surges 1,200 By Associated Press Of course, how much change Trump will be able to effect will likely depend on whether his fellow Republicans win control of Congress, and that’s still to be determined. Continue reading
Jul 29 Watch 6:35 Trump shifts stance on cryptocurrency to win over new bloc of voters and mega-donors By William Brangham, Azhar Merchant Cryptocurrency’s largest annual conference featured a gathering of leaders, celebrities, tech industry insiders, and crypto-enthusiasts. Both Donald Trump and Robert F. Kennedy Jr. spoke in favor of boosting crypto during their remarks. The rise of cryptocurrencies has created a new… Continue watching
May 21 Trump’s campaign says it will begin accepting contributions through cryptocurrency By Fatima Hussein, Associated Press The Trump campaign launched a fundraising page Tuesday that allows "any federally permissible donor the ability to give" to its political committees using any crypto asset accepted through the Coinbase cryptocurrency exchange. Continue reading
May 13 Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming military base By Fatima Hussein, Zeke Miller, Associated Press The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the removal of certain equipment owned by MineOne Partners Ltd., a firm that is partly owned… Continue reading
Apr 30 Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing money laundering By Gene Johnson, Associated Press A judge on Tuesday credited Zhao for taking responsibility for his wrongdoing. But he said he was troubled by the Binance founder's decision to ignore U.S. banking requirements that would have slowed the company's explosive growth. Continue reading
Mar 28 Watch 5:46 Bankman-Fried sentenced to 25 years in prison for massive FTX fraud By William Brangham, Courtney Norris, Shoshana Dubnow Former cryptocurrency mogul Sam Bankman-Fried was sentenced to 25 years in prison for what prosecutors said was one of the biggest financial crimes in U.S. history. Bankman-Fried was found to have stolen at least $8 billion from FTX customers. William… Continue watching
Mar 28 FTX founder Sam Bankman-Fried sentenced to 25 years in prison By Ken Sweet, Larry Neumeister, Associated Press Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian… Continue reading
Mar 28 Former crypto mogul Sam Bankman-Fried to be sentenced for defrauding FTX investors By Ken Sweet, Larry Neumeister, Associated Press Bankman-Fried once led companies so successful that they were featured in a Super Bowl advertisement. A jury found that Bankman-Fried illegally used billions of dollars from FTX depositors. Continue reading
Mar 25 WATCH: State Dept. holds briefing after U.S. sanctions Russian entities accused of enabling digital currency sanctions evasion By Fatima Hussein, Associated Press State Department spokesman Matthew Miller said Monday's action “reaffirms the G7 commitment to curtail Russia’s use of the international financial system to further its war against Ukraine. Continue reading