Cryptocurrency
Cryptocurrency
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In hindsight, Sam Bankman-Fried's April interview with Bloomberg's "Odd Lots" podcast was a harbinger of his epic collapse last week. He described a "box" that has value only because other people put money in it, and, when confronted with the idea that he described a Ponzi scheme, admitted there was a "depressing amount of validity" to that.
November 14 -
U.S. Treasury Secretary Janet Yellen said the implosion of Sam Bankman-Fried's FTX crypto empire reinforced her view that the market for digital assets required "very careful regulation."
November 14 -
The Federal Reserve notched two badly needed wins last week, as inflation showed signs of easing and the financial system withstood the collapse of one of the world's biggest crypto firms. Here's what that means for the central bank moving forward.
November 14 -
The crisis sparked by the collapse of Sam Bankman-Fried's FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion but which has now limited activity on its platform.
November 11 -
Sam Bankman-Fried's digital-asset empire filed for Chapter 11 bankruptcy in Delaware, capping a rapid downfall for the 30-year-old entrepreneur and onetime crypto king.
November 11 -
House Financial Services Committee Chair Maxine Waters joined her Republican counterpart on the panel saying FTX's unwinding hastens the need for legislation that outlines crypto regulation.
November 10 -
A Consumer Financial Protection Bureau report on complaints about cryptocurrencies said consumers have difficulty obtaining any restitution for lost crypto funds.
November 10 -
The Justice Department is looking into the turmoil surrounding Sam Bankman-Fried's FTX.com and the liquidity crisis that has pushed the firm to the brink, according to a person familiar with the matter.
November 10 -
Changpeng "CZ" Zhao walked away from his bailout for Sam Bankman-Fried's FTX.com almost as quickly as he offered a rescue.
November 9 -
North Carolina Republican Pat McHenry, who's likely to be the next chair of the House Financial Services Committee, promised constituents that he would go after "woke corporations" in Washington.
November 9 -
U.S. financial regulators are investigating whether the beleaguered crypto exchange FTX.com properly handled customer funds, as well as its relationship with other parts of Sam Bankman-Fried's crypto empire, according to people familiar with the matter.
November 9 -
FV Bank will let customers hold, transfer and settle both digital assets and fiat currencies in one account.
November 9 -
The world's largest crypto trading platform, Binance, is bailing out its rival FTX in a buyout amid the smaller company's liquidity crisis.
November 8 -
Mobile banking marches on, new blood for Visa fintech effort and more in banking news this week.
November 4 -
Investment is flowing out of stablecoins into assets like U.S. Treasuries in response to prevailing macroeconomic conditions, according to Circle Internet Financial Chief Executive Jeremy Allaire.
November 4 -
The U.K. parliament started an inquiry into nonfungible tokens, the digital collectibles for which Prime Minister Rishi Sunak has been a champion.
November 4 -
Bank-to-bank transactions that currently take two days could be settled in 10 seconds using central bank digital currencies and blockchain technology, the reserve bank finds.
November 4 -
A neon purple vending machine dispensing nonfungible tokens for £10 ($11.18) a pop has materialized in the middle of London, drawing frosty stares from passers-by in the British capital.
November 3 -
Fidelity Investments is set to launch a retail crypto trading platform, starting with zero-commission trading for bitcoin and ethereum.
November 3 -
JPMorgan Chase executed its first live trade on a public blockchain, a significant step toward integrating with the plumbing underlying the world of cryptocurrencies.
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