He thought he was investing in cryptocurrency. In fact, he was being swindled out of his life savings. There has been a 900% increase in such cases since the pandemic began, federal regulators say.
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.
North Korean hackers have stolen an estimated $1.2 billion in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea's spy agency says.
The investigation examined the one-term North Carolina Republican's promotion and purchase of LGB Coin, named for the chant "Let's Go Brandon" mocking Democratic President Joe Biden.
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.
A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.
The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.
After making the cryptocurrency legal tender, President Nayib Bukele plans to launch bitcoin-backed bonds to raise $1 billion for the country.
Until the middle of last year, most cryptocurrency mining took place in China. Then authorities pulled the plug. So Chinese bitcoin miners began moving their gear to U.S. towns like Kearney, Nebraska.
Miami and New York City are racing to become the country's next "crypto capital" at a time when many see virtual currencies as the future of finance.