The Latest Breaking News from Crypto

Until about 2020, universities used cryptocurrencies only to pay ransoms to criminals attacking their networks. A fast payment to criminals helped victim universities restore their networks quickly.

The cryptocurrency giant pledged at least $1 million to help provide universal basic income to help people get back on their feet after time behind bars. Now, it has filed for bankruptcy without delivering most of the grant.

The failure of FTX had investors "stampeding like a herd of wildebeest to off-load as much risk as they could,” Ryan Shea, crypto economist at Trakx, tells Fortune.

The former FTX CEO took the lawyerly route, while the Meta chief blasted Apple and the BlackRock leader forecasted change in tech.

Rostin Behnam said he met with Sam Bankman-Fried 10 times over an FTX proposal.

FTX founder Sam Bankman-Fried defended himself Wednesday against fraud accusations in an interview at the New York Times Dealbook Summit.

Stripe said in a Thursday blog post that the new fiat-to-crypto product will also handle fraud, compliance, and know your customer checks.

The cryptocurrency market has been hard hit this year, with rising interest rates and recession fears making investors stay away from highly risky assets. While the Fed is expected to slow interest rate hikes, given the lingering recession concerns, it could be wise to avoid struggling crypto-exposed stocks Coinbase Global…

Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.