Caroline Ellison aims to duck prison sentence for role in FTX collapse

Caroline Ellison aims to duck prison sentence for role in FTX collapse

Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023. Bloomberg | Bloomberg | Getty Images Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion … Read more

The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town

The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town

The previous October, Sawicky organized a weeklong protest alongside environmental activist group Greenpeace and brandished various anti-bitcoin signs at anyone who entered the Riot facility. Only a few other people turned out in support, leaving Sawicky dejected: “I could not have been more disappointed and disgusted by my fellow humans,” she said, when we first … Read more

Coinbase-backed lobby urges ABC to ask Trump, Harris about crypto

Coinbase-backed lobby urges ABC to ask Trump, Harris about crypto

Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto Alliance A big purple bus adorned with “AMERICA ❤️ CRYPTO” started making its way across five swing states last week, on a mission to get out the vote ahead of the presidential election. … Read more

Bitcoin rebounds from its worst week in more than a year, tops $57,000

Bitcoin rebounds from its worst week in more than a year, tops ,000

Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly performance since August 2023.  Stock Chart IconStock chart icon Bitcoin performance … Read more

The big risks of bitcoin ATMs

The big risks of bitcoin ATMs

Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets … Read more

Coinbase, Marathon Digital, Riot Platforms lead drop in crypto stocks

Coinbase, Marathon Digital, Riot Platforms lead drop in crypto stocks

SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency … Read more

Thoma Bravo founder will ‘never touch’ crypto again after FTX disaster

Thoma Bravo founder will ‘never touch’ crypto again after FTX disaster

A little over three years ago, private equity investor Orlando Bravo called FTX the “most cutting-edge, sophisticated cryptocurrency exchange in the world,” as his buyout firm helped lead a $900 million investment in the company at a valuation of $18 billion. Bravo now tells CNBC that he and his firm, Thoma Bravo, are permanently out … Read more

Bitcoin ETFs saw heaviest outflows in four months as crypto plunged

Bitcoin ETFs saw heaviest outflows in four months as crypto plunged

CFOTO | Future Publishing | Getty Images Spot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff. More than $287 million was withdrawn from the 11 U.S.-listed ETFs, the biggest day for outflows since May 1, according to Farside … Read more

Impersonators Take Advantage as the Trumps Dawdle Over Crypto Reveal

Impersonators Take Advantage as the Trumps Dawdle Over Crypto Reveal

Impersonators have descended on a soon-to-be-announced crypto venture tied to presidential candidate Donald Trump and his family, capitalizing on gaps in information about the project to promote inauthentic crypto tokens. Led by Eric Trump and Donald Trump Jr., the sons of the former president, the Trumps have embarked on a campaign to promote an upcoming … Read more

Bitcoin overnight sell-off takes it below $56,000 before stabilizing

Bitcoin overnight sell-off takes it below ,000 before stabilizing

Vertigo3d | iStock | Getty Images Bitcoin slid back toward $55,000 overnight as it caught up with Tuesday’s broader market sell-off. On Wednesday, the price of the flagship cryptocurrency was lower by 2% at $56,589.80, according to Coin Metrics. It fell sharply Tuesday night — to as low as $55,673.80 — with the start of … Read more