cryptocurrency
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Crypto Miners Owe the U.S. Government Money, Watchdog Report Says
Cryptocurrency miners operating on public lands haven’t been paying their dues, according to a new report from federal watchdog group, the Office of the Inspector General for Department of the Interior (DOI OIG). The regulatory agency document, published this week and dated Monday, highlights a lack of clear policy surrounding crypto mining that’s left the…
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Genesis Joins the Crypto Lender Graveyard With Chapter 11 Bankruptcy Filing
Genesis, one of the largest crypto lending firms in the space finally filed for Chapter 11 bankruptcy on Friday. Though Genesis managed to cling on to life for months longer than some of its largest competitors, recent market shake-ups and festering fallout from FTX’s collapse flung it over the edge. Now, the firm will join…
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U.S. Regulators Warn Banks About Crypto Fraud and Scams
Major financial regulators consisting of the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) warned banking organisations against cryptocurrency scams and fraudulent activity in a joint statement on Tuesday.
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FTX Execs Plead Guilty While Throwing Sam Bankman-Fried Under the Bus
Two executives connected to FTX, the bankrupt cryptocurrency exchange once valued at $US32 ($44) billion, have pleaded guilty to criminal charges, according to U.S. Attorney Damian Williams, who made the announcement in a video statement released online late Wednesday. And that’s really bad news for FTX co-founder Sam Bankman-Fried, because the executives are saying they…