CRYPTO

Gemini, the crypto exchange controlled by the Winklevoss twins, will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis.

Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.

Crypto publication CoinDesk has engaged Lazard to mull a full or partial sale of the business, a subsidiary of Barry Silbert's Digital Currency Group.

The new year is a time for new beginnings. With experts predicting a possible recession in 2023, now is the time to eliminate bad financial habits.

More than half a million people who deposited money with collapsed crypto lender Celsius Network have been dealt a major blow to their hopes of recovering their funds, with the judge in the company's bankruptcy case ruling that the money belongs to Celsius and not to the depositors. The judge, Martin Glenn, found that Celsius's terms of use - the lengthy contracts that many websites publish but few consumers read - meant "the cryptocurrency assets became Celsius's property."Subscribe to The Post

A judge rules that Celsius owned customers' money. The news comes as New York State Attorney General files a lawsuit against collapsed crypto firm’s founder.

The collapse of FTX, once a $32 billion exchange, has shattered investor confidence in crypto. CNBC looks at how it may reshape the industry in the long run.

There are "no signs of spillover" from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell.

That’s a question the SEC will have to deal with as they prosecute Bankman-Fried and his moribund enterprise.

Bitcoin jumped Tuesday following the release of the highly anticipated CPI report.

Small regulated lenders saw opportunity. Now they’re part of the cleanup crew.

Some of biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.

Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world’s first trillionaire.

CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.

The crash of FTX, the crypto exchange founded by Sam Bankman-Fried, is just the latest example of how speculation harms markets and investors.

This year’s slump in digital assets has been gut-wrenching for those investors who bought in at the peak. Even crypto diehards, while still convinced that the world is on the verge of a blockchain-driven revolution in finance, were left shaken by the market rout. To those still keeping the faith, the “crypto winter” would be like the dotcom bust of the early 2000s -- weeding out failing ventures to make room for more promising startups. Others wondered when spring would come. The collapse in Nov

Google's chief business officer said a pullback in spending by crypto companies is one reason for the company's ad slowdown.

Sam Bankman-Fried is backing down from a previous comment suggesting he could spend $1 billion or more in races from now through the 2024 election.

The Ethereum network will complete a long-awaited upgrade called the merge this week and anticipation of this helped lift crypto markets.

The cat’s out of the bag on crypto regulations, forcing some companies to choose between their principles and their profits.

SEC Chair Gary Gensler lays out some sensible goals, but his proposals are a nonstarter.

Crypto start-up Nomad is offering 10 percent bounties to retrieve as much as the $190 million in digital currency seized by hackers this week, the company announced in a Twitter post . Nomad posted the address to its crypto wallet and said anyone who returns at least 90 percent of the stolen funds will be considered a “white hat” — hackers who work with companies to probe their networks, in some cases taking payment in exchange for pointing out security flaws. It also promised not to pursue legal action against these people, while emphasizing its commitment to recoup stolen funds one way or another.

Crypto startup Nomad this week lost around $190 million in a devastating security exploit.

Crypto Insider Trading Charges FILE - The Bitcoin logo appears on the display screen of a cryptocurrency ATM in Salem, N.H., Feb. 9, 2021. The bill attempts to alleviate these issues by imposing on the crypto industry user fees, which in turn would fund more robust supervision of the industry by the CFTC. "Our bill will empower the CFTC with exclusive jurisdiction over the digital commodities spot market, which will lead to more safeguards for consumers, market integrity and innovation in the digital commodities space,” Boozman said in a statement. Along with the Toomey legislation and the Lummis-Gillibrand legislation, a proposal is being worked out in the House Financial Services Committee, though those negotiations have stalled. ___Follow AP's coverage of the cryptocurrency industry at https://apnews.com/hub/cryptocurrency.

The latest slump in digital assets has been gut-wrenching for those investors who bought in at the peak last year. Even crypto diehards, while still convinced that the world is on the verge of a blockchain-driven revolution in finance, were left shaken by the market rout. To those still keeping the faith, the “crypto winter” will be like the dotcom bust of the early 2000s -- weeding out failing ventures to make room for more promising startups. Others wonder if spring will ever come.

Cryptocurrency company Celsius has filed for bankruptcy.

It’s offering some valuable lessons at relatively low cost.

Crypto custody and infrastructure startup Prime Trust raises more than $100 million in Series B funding to expand its suite of financial products and services.

The last time bitcoin was at that level was in November 2020, when it was on its way up to its all-time high of nearly $69,000, according to CoinDesk.

Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch.

Overspending and buying a Super Bowl ad despite signs of a bubble echoed blunders of the dot-com collapse.

Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s.

Crypo markets sold off on Monday as trading platforms halted withdrawals and digital currency companies cut jobs.

Crypto Washington FILE - Ranking member Sen. Pat Toomey, R-Pa., speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing, Tuesday, May 10, 2022, on Capitol Hill in Washington. On Tuesday, two senators proposed legislation that seeks to build a regulatory framework around the cryptocurrency industry; other members of Congress are considering more limited legislation. What’s surprising, however, is that the cryptocurrency industry is signaling its cooperation. The total value of crypto assets hit a peak of $2.8 trillion last November; it’s now below $1.3 trillion, according to CoinGecko. Celebrities routinely shill crypto on social media, and YouTube personalities generate millions of views talking about the latest crypto idea.

Bitcoin rose over the weekend as cryptocurrency investors continue to look for a bottom following a rough two months of selling.

She is among a vanguard of candidates courting campaign contributions in digital currencies such as Bitcoin. While the federal government allows political donations in cryptocurrency, California does not, having banned the practice four years ago. Some states, including Arkansas and North Carolina, also don’t allow for cryptocurrency donations in state races under existing campaign finance laws. As the popularity of digital currencies grows, some states that prohibited cryptocurrency contributions are reassessing. One of the few state lawmakers who opposed prohibiting cryptocurrency donations was Republican Rep. Bill Post.

Coinbase has lost more than 70% of its value this year as the turmoil in the economy and market leads to a drop in users.

People should be free to squander their money, but not in their 401(k)s.

This stuff isn’t ready for prime time.

A dot-com-like shakeout for digital currencies can weed out the wannabes and set the stage for true innovation.

One reason stocks have been sinking and unable to sustain any type of bounce has to do with the recent carnage in bitcoin and other crypto markets.

Tether sank to as low as 98 cents Thursday morning, according to data from CoinGecko.

Stablecoin firm Tether holds short-term corporate debt in its reserves but does not disclose from which companies, raising transparency concerns.

Do the ends justify the memes?

Ethereum 2.0 could pole-vault Ethereum past Bitcoin in the years to come.

A group calling itself Krause House DAO, named after the late Chicago Bulls general manager, Jerry Krause, has raised $4 million with the long-shot goal of trying to buy an NBA sports franchise.

The CEO of Binance, the world’s largest cryptocurrency exchange, doesn’t try to explain why some cryptos started purely as a joke have surged so much in price.

Two of Facebook's leads in its Novi digital wallet division left the company to join Andreessen Horowitz's growing crypto team.

Her testimony comes less than 48 hours after she told "60 Minutes" that "there were conflicts of interest between what was good for the public and what was good for Facebook."

Here's why experts recommend not investing in cryptocurrency, like bitcoin, through a self-directed IRA.

Experts bullish on cryptocurrencies agree with those who are bears: It's still early to put those investments in individual retirement accounts. Here's why.

Bitcoin and its ilk were supposed to eliminate financial intermediaries. Instead, the middlemen are piling in — and creating a new sort of systemic risk.