Tag Archives: cryptocurrency

Sam Bankman-Fried Found Guilty of Fraud Charges

Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, was found guilty of fraud charges Thursday, according to The Washington Post. Bankman-Fried was charged with conspiracy to commit wire fraud, securities fraud, money laundering, and violations of campaign finance law in December 2022. The 30-year-old allegedly defrauded millions of investors …

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The Feds Are Coming for Crypto. Can It Survive?

The Securities and Exchange Commission filed suit on Monday against global giant Binance, the largest cryptocurrency exchange in the world. A second lawsuit came the very next day against Coinbase, the largest exchange based in the United States. After years of regulatory turf wars over an industry widely seen as …

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SEC: Binance Exec Said Crypto Giant Was 'Operating as a Fking Unlicensed Securities Exchange in the USA Bro'

The Securities and Exchange Commission ramped up the pressure on Binance, bringing 13 charges against the world’s largest cryptocurrency exchange and its founder/CEO Changpeng “CZ” Zhao. Accusing Binance of misleading customers and misusing funds, the SEC said the company was able to control customer assets and move them around as …

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Biden Wants to Tax the Hell Out of Crypto Mining

Cryptocurrency mining is wreaking havoc on America’s efforts to take on the climate crisis. President Biden wants to crack down. The White House announced on Tuesday that the president’s proposed 2024 budget includes the Digital Asset Mining Energy (DAME) tax, which would tax crypto firms at 30 percent of the …

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