crypto

A victim of a crypto ‘pig butchering’ scam just got his $140,000 back

6:59pm October 04, 2024

NPR investigated a crypto scam company known as SpireBit, which stole hundreds of thousands of dollars from Russian-speaking seniors. Now, some of the victims are getting their money back after a lawsuit by Massachusetts authorities.

The Securities and Exchange Commission, under Chair Gary Gensler, has approved several spot bitcoin exchange-traded funds, which will track the cryptocurrency's price.

Economy

U.S. says yes to new bitcoin funds, paving the way for more Americans to buy crypto

10:46pm January 10, 2024

by David Gura

Bitcoin ETFs get greenlight from top federal regulator, after years of resistance. The fund will track the price of the cryptocurrency.

A bitcoin ATM is seen in Brooklyn, N.Y., on June 13, 2022. Virtual currencies like bitcoin are recovering from a tough period partly on rising hopes that bad actors have been weeded out and that confidence can return to the sector.

After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging

5:54pm December 29, 2023

by David Gura

Bitcoin and other digital currencies are rallying, emerging from a stormy period with the conviction that crypto is here to stay.

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Sam Bankman-Fried leaves a Manhattan federal court in New York City on Jan. 3, 2023.

Economy

Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse

10:21pm November 02, 2023

by David Gura

The conviction marks a spectacular fall from grace for a once shining star in finance. He faces decades in prison.

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried is set to start his blockbuster trial on Tuesday. It's expected to last about six weeks.

FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know

7:57am October 03, 2023

by David Gura

Sam Bankman-Fried faces seven criminal charges, including for defrauding investors. His blockbuster trial is set to begin on Tuesday, and he could face an over 100-year prison term if convicted.

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Coinbase is a U.S.-based publicly traded cryptocurrency exchange.

Cryptocurrency giant Coinbase strikes a $100 million deal with New York regulators

2:53pm January 04, 2023

by Giulia Heyward

A review found that the exchange's compliance program violated state laws, making it "vulnerable to serious criminal conduct." It will pay a $50 million fine and spend the rest beefing up oversight.

The BlockFi website on a laptop computer arranged in the Brooklyn borough of New York, US, on Nov. 17. BlockFi filed for bankruptcy on Nov 28, 2022.

Economy

Crypto company BlockFi declares bankruptcy in the first big aftershock of FTX's fall

1:20pm November 28, 2022

by David Gura

BlockFi was one of the companies that FTX bailed out in recent months. Now it's a clear sign that contagion from FTX's collapse is spreading throughout the crypto industry.

Kim Kardashian, who is charged with violating federal securities laws, has agreed to pay a $1 million fine to the S.E.C.

Arts

SEC charges Kim Kardashian for unlawfully touting crypto on her Instagram account

4:05pm October 03, 2022

by David Gura

The reality TV star hawked a crypto token on her Instagram account without telling her hundreds of millions of followers she'd been paid to do so.

At the beginning of the pandemic, Michelle Milkowski started investing in penny stocks. A few months later, she bought cryptocurrency for the first time.

Economy

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

10:31am July 26, 2022

by David Gura

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

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Job cuts are rolling in. Here's who is feeling the most pain so far

5:45am June 29, 2022

by David Gura

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

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