Dec 01 Former FTX CEO Bankman-Fried says he didn't 'knowingly' misuse customers' funds By Ken Sweet, Associated Press The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly" misuse customers' funds. Continue reading
Nov 16 House panel to hold hearing on cryptocurrency exchange FTX collapse By Fatima Hussein, Associated Press Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. Continue reading
Nov 15 Watch 6:42 Collapse of FTX raises questions about cryptocurrency's viability The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX. Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged… Continue watching
Nov 14 FTX head Sam Bankman-Fried's downfall sends shockwaves through cryptocurrency By Ken Sweet, Associated Press Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world's first trillionaire. Continue reading
Nov 12 Probe underway after funds vanish from bankrupt crypto exchange FTX By Cathy Bussewitz, Associated Press Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. Continue reading
Nov 11 Watch 5:14 News Wrap: Ukrainian forces take back city of Kherson In our news wrap Friday, Ukrainian forces swept into the southern city of Kherson dealing a major blow to Russia's war effort, the Biden administration has stopped taking applications for student loan forgiveness a day after a federal judge in… Continue watching
Nov 11 Wall Street surge continues as crypto suffers By Stan Choe, Associated Press Wall Street is tacking a bit more onto its stupendous surge from a day before to keep it on track for a strong gain for the week. Continue reading
Nov 11 Embattled cryptocurrency exchange FTX files for bankruptcy following collapse By Matt Ott, Associated Press Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week. Continue reading
Oct 03 Kim Kardashian settles for $1.26 million with SEC over Instagram cryptocurrency promotion By Michelle Chapman, Associated Press Kim Kardashian will pay $1.26 million to settle Securities and Exchange Commission charges that she promoted a cryptocurrency on Instagram without disclosing she'd been paid $250,000 to do so. Continue reading
Aug 03 New cryptocurrency oversight legislation arrives as industry shakes By Fatima Hussein, Ken Sweet, Associated Press It's the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked recently by collapsing prices and lenders halting operations. Continue reading