crypto

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Report: Bank Was at Center of Criminal Probe Before Collapse

Per Bloomberg, the feds were looking into Signature Bank's dealings with crypto clients

(Newser) - On Tuesday, a spokesperson for the New York State Department of Financial Services insisted that the shuttering of Signature Bank, the third US financial institution to collapse in just a matter of days, had "nothing to do with crypto," per Reuters . By Tuesday evening, however, Bloomberg suggested that...

Sam Bankman-Fried: OK, I'll Talk to Congress

Ex-CEO of failed FTX set to appear Tuesday in front of House Committee on Financial Services

(Newser) - Sam Bankman-Fried has been talking to the media about the collapse of his FTX cryptocurrency firm, and now he says he's willing to talk to Congress, too. CNBC reports that Bankman-Fried announced as much Friday in a series of tweets , writing that he'll be at the Tuesday morning...

Bankman-Fried Talks His Net Worth, 'Biggest Single' Mistake

Ex-FTX CEO, who notes he had $100K last he checked, says he shouldn't have filed Chapter 11

(Newser) - It's not clear if FTX founder Sam Bankman-Fried has a legal team or anyone else advising him to stay tight-lipped after the collapse of his crytocurrency exchange, costing him his entire fortune—but if he does, he's ignoring that advice. As part of what critics are calling a...

Robinhood Has More Bad News for Its Employees

After slashing 9% of workforce earlier this year, CEO Tenev announces another 23% has to go

(Newser) - Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app. CEO Vlad Tenev said the company, whose easy-to-use app helped bring a new generation of investors to the market, will reduce...

Economist Who Hates Crypto Recasts a 'Moon' Prediction

With market in free fall, Peter Schiff suggests a crash landing is coming

(Newser) - The stock market f ell into a bear market on Monday, but as badly as stocks are getting hammered, the cryptocurrency sector is getting hammered even harder. The fallout continued Tuesday, as Coinbase—the largest cryptocurrency exchange in the US—announced it was cutting 18% of its workforce, reports the...

Cryptomining Poised to Take a Hit in This State

Landmark environmental measure slowing down operations passes New York state Legislature

(Newser) - A milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations burning fossil fuels in New York has passed the state Legislature. The closely watched bill approved Friday by the state Senate would establish a two-year moratorium on new and renewed air permits for fossil...

Young Crypto Billionaire: I&#39;m Giving Away Most of My Money
He's 30, Worth $24B, Drives
a Corolla, Sleeps in a Beanbag
in case you missed it
Apr 10, 2022 6:31 AM CDT

He's 30, Worth $24B, Drives a Corolla, Sleeps in a Beanbag

'I don't want a yacht,' crypto CEO Sam Bankman-Fried says of plan to give away most of his money

(Newser) - Sam Bankman-Fried wants FTX, the Bahamas-based cryptocurrency exchange he co-founded, to become the "biggest source of financial transactions in the world." In the meantime, he has a plan for the fortune he's already raking in: He wants to give most of it away. The 30-year-old tech entrepreneur,...

Out of Crypto, a 'Particularly Dangerous' Addiction

Investors are increasingly seeking out therapists, who say crypto addicts are akin to gambling addicts

(Newser) - If you follow the roller-coaster ride that is Bitcoin, Ethereum, and other forms of cryptocurrency, you're familiar with the feelings that go along with that habit, especially if you're an investor. And they're not always pleasant feelings, according to mental health experts who say they're seeing...

Matt Damon Takes His Lumps on South Park


Matt Damon
Takes His
Lumps on
South Park
in case you missed it
Feb 6, 2022 6:31 AM CST

Matt Damon Takes His Lumps on South Park

Show skewers him for his advocacy of cryptocurrency

(Newser) - The first episode of the 25th season of South Park is not kind to Matt Damon. As the The Hollywood Reporter notes, Cartman and the gang make the actor the butt of a running joke over his advocacy of cryptocurrency. The hook is this commercial that Damon made for Crypto....

Melania Trump's Hat 'Collateral Damage' of Crypto Crash

Former first lady didn't scoop up as many tokens as hoped in auction of hat worn to greet Macron

(Newser) - The crisp white Herve Pierre hat that Melania Trump wore to greet French President Emmanuel Macron and his wife at the White House in April 2018 went up on the auction block this month—along with a watercolor and NFT showing her wearing it—in the hopes that the entire...

Wife of Cryptocurrency CEO Maintains She Watched Him Die

Jennifer Robertson talks about Gerald Cotten and his investors' missing money

(Newser) - Gerald Cotten's death spurred plenty of grief, and not just for his friends and family—one of whom is "finally sharing her side of the story." The CEO of what was then Canada's biggest cryptocurrency exchange died in India from complications of Crohn's disease in...

Walmart Is Getting Into an Unlikely New Sector

Retail giant files trademarks suggesting entry into the metaverse, with NFTs and cryptocurrency

(Newser) - Facebook isn't the only corporate behemoth wading into the metaverse . Now, Walmart appears to be dipping its toes in, filing multiple new trademarks at the end of last year that hint at plans to offer NFTs, a cryptocurrency, and virtual goods to consumers, reports CNBC . Although it's not...

NFT Sale Goes Awry: 'Just Like That, $250K Was Gone'

'Fat-finger' error led seller of Bored Ape item to mistakenly dump it for $3K

(Newser) - The Verge blames it on a misplaced decimal point. CNBC similarly lays the blame on a "fat-finger" error. However the asking price for a recently sold NFT came to be, it wasn't the seller's intention, and now he's out hundreds of thousands of dollars because of...

Wikipedia Gets Its Own NFT
Wikipedia Gets Its 
Own NFT
Dec 5, 2021 9:30 AM CST

Wikipedia Gets Its Own NFT

First edit being auctioned

(Newser) - Non-fungible tokens couldn't exist without the internet, and the internet would be a very different place without Wikipedia. No surprise, then, that the ubiquitous free encyclopedia is getting the NFT treatment. Per The Verge , Wikipedia co-founder Jimmy Wales is placing his first ever edit to the site up for...

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