Crypto

The U.S. House of Representatives passed a bill to revoke China’s “developing nation” status, voting that the world’s second-largest economy should not get those benefits. In the spotlight are the billions China has spent bailing out developing countries. The vast majority of them fall under Beijing’s global infrastructure Belt and Road Initiative. A new report sheds […]

LOS ANGELES—Actress Lindsay Lohan, rapper Akon, and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so. Lohan, Akon, recording artists Ne-Yo, and Lil Yachty, boxer and internet personality Jake […]

U.S. regulators on Sunday announced they were intervening to close Signature Bank, marking the second U.S. bank to fail days apart and the third-largest bank failure in U.S. history. The bank has been placed into receivership under the Fed’s emergency lending authority, the Federal Deposit Insurance Corporation (FDIC). According to a December 2022 securities filing, N.Y.-based Signature […]

A new report claims so-called cryptocurrency “whales” ate small-time retail traders alive during the 2022 bitcoin crash.

Centralized crypto exchange FTX’s bankruptcy caused huge chaos nationwide or even worldwide, and people began to look for ways to regulate cryptocurrency and decentralized finance (DeFi), but how? CATO Institute hosts a forum to discuss this issue. Panelists include: Linda Jeng, Chief Regulatory Officer and General Counsel of Crypto Council for Innovation; Dane Lund, Core […]

The Securities and Exchange Commission (SEC) is going after some of the largest crypto companies, by filing charges against Gemini and Genesis. The federal government’s legal crackdown on crypto is expanding, as the SEC charged some of the biggest names in the industry of operating illegal lending services on Jan. 12. The SEC and the […]

On Dec. 13, the House Financial Services Committee held Part One of its “Investigating the Collapse of FTX” hearings, where current FTX CEO John J. Ray III testified and Samuel Bankman-Fried, the founder and former CEO of the failed crypto exchange, was scheduled to appear remotely until his arrest in the Bahamas on Monday interfered. […]

Lawmakers probed the collapse of FTX—the world’s largest crypto exchange. But founder Sam Bankman-Fried wasn’t present to answer pressing questions, after his arrest the previous day.

The Supreme Court has agreed to take up the case of cryptocurrency exchange Coinbase, which is attempting to transfer lawsuits filed against it in the courts to arbitration panels. Although many investors are unfamiliar with cryptocurrencies, which are famously volatile investments, they’ve been growing in popularity. There are reportedly more than 19,000 different cryptocurrencies in […]

Comprehensive regulation is likely coming to the crypto industry. The senate held a hearing on the fall of FTX—It was formerly a major crypto exchange, valued at $32 billion, that became worthless overnight.

NTD spoke with Peter Schiff, chief economist and global strategist at Euro Pacific Capital and host of the Peter Schiff Show podcast, to help with understanding the collapse of FTX and what consequences it could bring to the crypto sector.

Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11 […]

Lance Roberts, a Chief Investment Strategist for RIA Advisors, gives his take on the crypto industry amid FTX failure.  

The crisis at crypto exchange FTX continues to unfold: investors in the company are losing money, big-time. Those invested in FTX are losing their money. Some have lost all of it. Venture capital giant Sequoia Capital said it’s marking down the value of its entire stake in FTX to zero. The stake was previously a […]

The founder of FTX, Sam Bankman-Fried, has taken a colossal financial plunge. He’s reported to have lost almost all of his $16 billion fortune around 94 percent of it. This could be the biggest ever single-day drop in net worth, among billionaires.  

Kim Kardashian has agreed to pay $1.26 million to settle Securities and Exchange Commission (SEC) charges that she promoted a cryptocurrency on Instagram without disclosing that she’d been paid $250,000 to do so. The SEC said Monday that the reality TV star and entrepreneur has agreed to cooperate with its ongoing investigation. The SEC said […]

U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Sept. 16, citing their potential for misuse and harm even as it noted their growing role in global finance. The Treasury Department will also lead a group of government agencies that will consider […]