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
Jan 03 Founder of cryptocurrency exchange FTX pleads not guilty to fraud By Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Continue reading
Dec 22 Watch 3:54 News Wrap: FTX founder charged with fraud released on $250 million bond In our news wrap Thursday, Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was released on $250 million bond as he awaits trial on charges of fraud and money laundering, the U.S. economy is showing more signs of strength despite… Continue watching
Dec 22 Judge sets $250M bond, house arrest for Sam Bankman-Fried, founder of FTX crypto exchange By Larry Neumeister, Associated Press The cryptocurrency entrepreneur Sam Bankman-Fried is expected to make his initial U.S. court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform. Continue reading
Dec 21 FTX founder extradited to U.S. to face charges By Ken Sweet, Associated Press Sam Bankman-Fried told a Bahamian court Wednesday that he has agreed to be extradited to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX. Continue reading
Dec 17 Analysis: Crypto companies’ ties to sports raise ethical questions By Eddie Pells, Associated Press The bankruptcy of FTX and the arrest of its founder and former CEO are raising new questions about the role celebrity athletes such as Tom Brady, Steph Curry, Naomi Osaka and others played in lending legitimacy to the largely unregulated landscape of crypto. Continue reading
Dec 17 Watch 5:13 The effects of FTX’s collapse on the cryptocurrency industry After reaching a peak market value of $3 trillion in 2021, cryptocurrencies have spent the better part of 2022 in a tailspin fueled by scandal, financial losses and a public perception crisis. This past week, crypto firm FTX’s founder Sam… Continue watching
Dec 14 WATCH: Senate hearing indicates regulation may be on the way for cryptocurrency By Glenn Gamboa, Associated Press Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday. However, new legislation is potentially on the way. Continue reading
Dec 13 Watch 4:47 News Wrap: Labor Department report shows inflation is slowing In our news wrap Tuesday, the U.S. economy is giving fresh hope that the worst of inflation may have passed, stocks surged on the inflation news then eased back to wait for Wednesday's interest rate decision, a French court convicted… Continue watching
Dec 13 Watch 8:38 FTX founder Sam Bankman-Fried indicted on battery of fraud charges By John Yang, Alexis Cox Federal prosecutors unveiled a battery of charges against Sam Bankman-Fried, founder of the bankrupt cryptocurrency exchange FTX. They include wire fraud, money laundering and lying to investors. Bankman-Fried was arrested Monday in the Bahamas just hours before he was scheduled… Continue watching