Crypto

Sam Bankman-Fried, once a crypto wunderkind, now faces a reckoning that could see him behind bars for 115 years. Convicted on seven counts of fraud, his trial showcased a classic tale of deception, with a modern twist: the misuse of cryptocurrency. Continue Reading →

Some people are using SBF's alleged crimes to indict the crypto industry writ large. It's easy to understand why. FTX was unregulated (because the government hadn't yet figured out how to regulate it), and this lack of regulation allowed SBF to do pretty much whatever he wanted; apparently, he had some very creative ideas about how to use other people's money. Continue Reading →

New York Governor Kathy Hochul signed a two-year moratorium on new permits for proof-of-work (PoW) cryptocurrency mining operators that rely on carbon-based fuel to power their activities, making NY the first state to outlaw crypto mining. Continue Reading →

Should you care about a couple of crypto companies going bankrupt? Shelly Palmer speaks with Dan Bowens and Tashanea Whitlow on Fox 5's Good Day New York about what happened with SBF, FTX, and Alameda Research. Continue Reading →

FTX Trading Ltd. CEO Sam Bankman-Fried (SBF) has resigned. FTX.com (formerly the second-largest crypto exchange in the world), West Realm Shires Services Inc (FTX U.S.), Alameda Research Ltd., and approximately 130 additional affiliated companies (the FTX Group) have filed for bankruptcy protection in the U.S. John J. Ray III has been appointed CEO of the FTX Group. Even if you've never invested a penny in crypto (or even thought about it), the value destruction wrought by SBF is going to have an impact on how you spend your day. Continue Reading →

The Securities and Exchange Commission announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Continue Reading →

A nearly-completed text of MiCA (The European Union’s Markets in Crypto Assets) regulations has leaked, and it is going to be brutal. How brutal is yet unknown, but lawmakers seem to be happy with their work. Continue Reading →

President Biden’s March 9 Executive Order (EO) on Ensuring Responsible Development of Digital Assets outlined the first whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology. Continue Reading →

First, my heart goes out to Queen Elizabeth's family and loved ones, as well as to the citizens of her realm. May she rest in peace. Of course, there's also a vile, disgusting, and evil crypto story to accompany the Queen's passing, which comes with a teachable moment. Continue Reading →

On July 21, 2022, the Securities and Exchange Commission (SEC) announced "insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made available for trading on the Coinbase platform." Continue Reading →