Crypto lending world sways under risk and turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails.

Binance boss bullish despite crypto crash

  by Joseph Boyle, Daniel Hoffman and Yassine Khiri Cryptocurrencies are here to stay and their dramatic recent crash is just part of an economic cycle, Changpeng Zhao, one of crypto’s most influential figures, told AFP in an interview on Thursday. The China-born Canadian entrepreneur heads Binance, the biggest exchange in the market that boasted […]

Bitcoin slumps under $25,000, lowest in 18 months

Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, months after the cryptocurrency hit a record high. The unit took a heavy knock also from news that cryptocurrency lending platform Celsius Network paused withdrawals, citing volatile conditions. World stock markets have […]

US sues cryptocurrency exchange run by Winklevoss twins

US regulators on Thursday said they are suing the Gemini Trust cryptocurrency exchange, which is run by Cameron and Tyler Winklevoss, for giving misleading answers in 2017 about a bitcoin project. The Commodity Futures Trading Commission lawsuit filed in federal court in New York accuses Gemini of not being upfront about how easy it would […]

Fintech titan Stripe lets Twitter stars earn cryptocurrency

Online payments giant Stripe on Friday said it will start letting Twitter stars get paid in a dollar-pegged form of cryptocurrency in the latest endorsement of digital money. Stripe said in a blog post that it is eager to expand the option to other online platforms, where “creators” who attract audiences are provided with ways […]

N.Korea-tied hackers executed $620M crypto heist: FBI

  North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting players of the popular Axie Infinity game, US authorities said Thursday. The hack was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity […]

US crypto expert jailed 63 months for helping N.Korea

A US cryptocurrency expert was sentenced Tuesday to 63 months in prison for advising North Korea on how to create cryptocurrency services and blockchain technology to circumvent US sanctions over its nuclear program, court officials in New York said. Virgil Griffith, 39, had pleaded guilty to conspiring to violate US law, in a bid to […]