President-elect Donald Trump has selected Paul Atkins to head the Securities and Exchange Commission. NTD speaks to Peter Earle, a senior economist at the American Institute for Economic Research, who says Atkins will improve on the position of outgoing chair Gary Gensler in terms of cryptocurrency policy.
NEW YORK—The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted […]
The Justice Department accuses TikTok of harvesting American user information on sensitive social issues like abortion and gun policy. President Joe Biden is taking action during his last months in office. We have more on a new agenda he’s promoting involving the Supreme Court and presidential immunity. Former President Donald Trump addressed the bitcoin convention. […]
Two young men, graduates of one of the country’s top universities, are indicted and face life in prison for stealing $25 million in Ethereum cryptocurrency by hacking its technology in a novel hacking attack that raises concerns over crypto safety. According to a Department of Justice press release, brothers Anton Peraire-Bueno, 24, of Boston, and […]
Late actor Matthew Perry’s X account was hacked by scammers trying to direct social media users to make donations on a fake copycat website, according to a statement from the Matthew Perry Foundation. In an Instagram post on Feb. 26, the foundation wrote that it had received reports Mr. Perry’s official X page had been […]
New York Attorney General Letitia James is seeking $3 billion in restitution from cryptocurrency firms accused of fraud that resulted in more than $1 billion in losses.
Ransomware gangs returned with a vengeance, extorting a record-breaking $1.1 billion in cryptocurrency payments in 2023 after a significant decline in 2022. According to blockchain expert Chainalysis, ransomware attacks intensified in scope and complexity, targeting companies, high-profile institutions, and critical infrastructure, including hospitals, schools, and government agencies, in 2023. After gaining digital access, ransomware hackers […]
NEW YORK—Portuguese soccer star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance. The lawsuit filed in federal court in the Southern District of Florida Monday alleges that Ronaldo’s promotion of Binance […]
Cryptocurrency guru Sam Bankman-Fried has been found guilty of fraud, money laundering, and more. A 12-member New York jury convicted the 31-year-old FTX founder on all seven counts of fraud and conspiracy in relation to his role in a scheme that cheated customers and investors of at least $10 billion. He now faces decades in […]
Hamas is powered by cryptocurrency. It’s hard for the group to raise funds legally since it’s a terrorist organization., but crypto has the ability to slide under the radar. James Koutoulas, CEO of Typhon Capital Management, spoke a little on the terrorists’ use of cryptocurrency.
The Group of 20 leaders have agreed to a plan to eventually impose digital currencies and digital IDs on their respective populations, despite fears that governments will use them to monitor their peoples’ spending and crush dissent. The G20, which is currently under India’s presidency, adopted a final declaration on the subject over the weekend in New […]
Sam Bankman-Fried, the beleaguered FTX founder and former billionaire, allegedly stole $100 million in client funds for political contributions used to influence cryptocurrency legislation, federal prosecutors wrote in a superseding indictment. U.S. attorneys accused Mr. Bankman-Fried, in a late Aug. 14 amended indictment, of using stolen funds for various purposes, including “making lavish” federal campaign […]
Privacy regulators in the UK and Europe are keeping a watchful eye on the roll-out of the Worldcoin cryptocurrency scheme co-founded by Open-AI CEO Sam Altman. Worldcoin offers free cryptocurrency tokens to people who are willing to share their biometric data by scanning their eyeballs with a special “orb.” The company says over two million […]
Securities and Exchange Commissioner (SEC) Chair Gary Gensler supported the White House’s budget boost request for the stock market watchdog. But Mr. Gensler warned that the funds appropriated were tens of millions of dollars less than what his federal agency originally requested for the upcoming fiscal year. The Senate Appropriations Committee appropriated $2.4 billion to […]
The former CEO of bankrupt cryptocurrency lending platform Celsius Network, Alexander Mashinsky, has been arrested and is facing a string of charges for allegedly misleading investors and manipulating the price of the company’s crypto token, the Department of Justice announced on July 13. Mr. Mashinsky was arrested Thursday and charged with securities fraud, commodities fraud, and wire fraud for defrauding […]
CASSVILLE, Mo.—John Forsyth was known as a hard-working doctor who cared deeply for his patients and often teased nurses in the emergency room to ease tension. He was a father of eight and newly engaged. He also co-founded a cryptocurrency business with his brother. His sudden disappearance from a southwestern Missouri town last month—and the […]
NEW YORK—A U.S. judge on Thursday granted a request from prosecutors to try some of their charges against Sam Bankman-Fried in a second trial next year separate from his scheduled Oct. 2 trial over the collapse of now-bankrupt cryptocurrency exchange FTX. Bankman-Fried, 31, will be tried on March 11, 2024, on five counts, including bank […]
The U.S. Securities and Exchange Commission (SEC) sued Coinbase Tuesday, accusing the largest U.S. cryptocurrency exchange of operating illegally. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its case against Binance, the world’s largest cryptocurrency exchange. NTD spoke with Thomas Hogan, senior research faculty at AIER, to hear […]
