[ad_1] SEC cracks down on cryptocurrencies SEC cracks down on cryptocurrencies, suing Binance and Coinbase 04:23 Some Coinbase customers are opening their digital wallets to find zero dollar balances in their accounts, an issue the cryptocurrency exchange platform acknowledged on Wednesday. “We are aware that some users may see a zero balance across their Coinbase accounts … Read more
[ad_1] A Colorado pastor of an online church is challenging allegations that he and his wife defrauded parishioners out of millions dollars through the sale of cryptocurrency deemed “essentially worthless” by state securities regulators. Colorado Securities Commissioner (CSC) Tung Chan filed civil fraud charges against Eligo and Kaitlyn Regalado last week in Denver District Court, … Read more
[ad_1] The Securities and Exchange Commission on Wednesday granted approval to spot bitcoin exchange-traded funds, or ETFs, backed by Wall Street, a key regulatory step expected to drive significant investment in the digital currency. The agency gave the green light to multiple financial firms to offer spot bitcoin ETFs, including asset management giants like BlackRock, … Read more
[ad_1] The Securities and Exchange Commission said Tuesday that a post from the agency on X purportedly approving spot bitcoin exchange-traded funds was fake, saying its account had been breached. The SEC’s official account on the platform, formerly known as Twitter, was “compromised,” SEC Chair Gary Gensler said in a post from his official account … Read more
[ad_1] Although the cryptocurrency industry remains shadowed by recent blowups and controversy, the world’s most important token — bitcoin — is making a comeback. The value of bitcoin soared to nearly $42,000 on Monday, marking the first time the digital currency cracked $40,000 in 18 months, price tracker CoinDesk Indices shows. The resurgence stands in contrast … Read more
[ad_1] As a bitcoin mining enterprise, Riot Platforms runs thousands of computers in the energy-guzzling pursuit of minting digital currency. Recently, however, the company got big bucks from Texas to lower the mining operation’s electricity usage. Riot said on Wednesday that the state’s power grid operator paid the company $31.7 million in energy credits in … Read more
[ad_1] Crypto ATMs, or kiosks, are increasingly being used as a tool for scams across the country. The machines are often unregulated and unregistered, providing a loophole for criminals to take advantage of unsuspecting victims. In Oct. 2021, artist Joe Samuels thought he was contacting his computer company’s IT department. During the call, he granted … Read more
[ad_1] Cairo — Egyptians who invested in a cryptocurrency mining app were hit last week with the daunting realization that the incredible profits they thought they were making all boiled down to fiction. The platform, called Hoggpool, was launched in August. In a promotional video, a man introduced the company with a claim that it … Read more
[ad_1] FTX’s collapse wipes out nearly $1 billion in investor assets – CBS News Watch CBS News The collapse of FTX, one of the largest cryptocurrency exchanges, is reverberating around the financial world as investors reportedly lost nearly $1 billion in assets. The company filed for Chapter 11 bankruptcy. Astrid Martinez has more. Be the … Read more
[ad_1] Crypto exchange FTX files for bankruptcy – CBS News Watch CBS News The cryptocurrency world is reeling after the meltdown of one of its most popular trading platforms. The exchange FTX filed for bankruptcy protection as fallen crypto-king Sam Bankman-Fried stepped down as CEO. Vladimir Duthiers has the details. Be the first to know … Read more