Jun 05 Cryptocurrency exchange Binance mishandled funds and violated securities laws, SEC lawsuit says By Fatima Hussein, Associated Press Filed in the U.S. District Court for the District of Columbia, the SEC lawsuit on Monday lists thirteen charges against the firm — including commingling and diverting customer assets to an entity Zhao owned called Sigma Chain. Continue reading
May 16 Cryptocurrency rules get final approval to make Europe a global leader on regulation By Associated Press The tighter European scrutiny follows a spate of high-profile crypto scandals including the collapse of trading firm FTX and the implosion of the TerraUSD stablecoin. Continue reading
May 09 FTX founder Sam Bankman-Fried seeks dismissal of criminal charges By Larry Neumeister, Associated Press 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. Continue reading
Mar 28 FTX founder Bankman-Fried charged with paying $40M bribe to Chinese officials By Larry Neumeister, Associated Press 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. Continue reading
Mar 22 Americans' faith in banks hit low after failures, says AP-NORC poll By Paul Wiseman, Hannah Fingerhut, Associated Press Only 10 percent of U.S. adults say they have significant confidence in the nation's banks and financial institutions, a new poll finds. That is down from the 22 percent who said they had high confidence in banks in 2020. Continue reading
Mar 02 Amid value drops and increased regulation, what's the future of cryptocurrency? By Anshu Siripurapu, Noah Berman, Council on Foreign Relations The dizzying rise of Bitcoin and other cryptocurrencies has created new challenges for governments and central banks. Increasing popularity and high levels of market volatility have raised the stakes of the digital asset experiment. Continue reading
Feb 09 FTX founder Bankman-Fried facing trial, keeps talking By Ken Sweet, Associated Press He was indicted in December and charged with perpetrating one of the biggest frauds in U.S. history — and he’s still talking, either in person or on the internet. Continue reading
Jan 18 Watch 4:43 News Wrap: Report shows new signs of easing inflation In our news wrap Wednesday, there are fresh signs that inflation is easing as U.S. wholesale prices slowed again, some major California roadways remained closed after weeks of storms and flooding and Israeli Prime Minister Benjamin Netanyahu's right-wing coalition suffered… Continue watching
Jan 18 WATCH: Justice Department announces arrest of Russian cryptocurrency founder By Eric Tucker, Josh Boak, Associated Press A Russian national who founded a cryptocurrency exchange that the Justice Department says became a haven for the proceeds of criminal activity has been arrested, federal officials said Wednesday. Continue reading
Jan 04 Cryptocurrency trading platform Coinbase to pay $100 million in settlement with New York regulators By Associated Press New York has announced a $100 million settlement with Coinbase over what state officials called significant failures in the cryptocurrency trading platform's systems for spotting potential criminal activity. Continue reading