Category: Virtual Currency

Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging

Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
The Risks of Iran’s Threat to Control the Strait of Hormuz

Iran is trying to assert its control over the strait by charging for passage. Experts say it is unlikely to happen, but the threat has unsettled the shipping industry.
Crypto Industry Pushes a Bill to Tilt Regulation in Its Favor

After a series of political victories under President Trump, firms are lobbying Congress for a sweeping framework they helped shape.
Perfect Timing, Big Payouts: Insider Trading Red Flags Emerge on Polymarket

Dozens of long-shot bets on Polymarket, from the war with Iran to the cryptocurrency market, have defied the odds, according to a New York Times examination.
Coinbase Lays Off 14% of Employees as A.I. Changes Work

The largest U.S. crypto exchange said it was cutting jobs because of cryptocurrency market volatility and to “optimize” for the artificial intelligence era.
A Year Later, Trump’s ‘Most Exclusive’ Memecoin Event Is a Lot Less Exclusive

Even a Times reporter qualified for the event, which caused outrage last year for providing access to President Trump in exchange for investment in one of his family’s crypto ventures.
Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits

Attorney General Letitia James said the cryptocurrency giants were illegally running gambling platforms in the state after they expanded into prediction markets, which are loosely regulated.
Crypto Entrepreneur Justin Sun Sues Trump Family’s World Liberty Financial, Accusing It of Fraud

Justin Sun, one of the largest backers of World Liberty Financial, sued the Trump family’s crypto start-up, accusing it of a fraudulent scheme to pressure him into buying digital coins.
White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income

The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
4 Takeaways From Our Search for Satoshi Nakamoto, Bitcoin’s Creator

Here’s what we found suggesting that Adam Back invented Bitcoin.
From Foe to Ally: The S.E.C. Is Now Writing Crypto-Friendly Policies

The embrace of crypto by financial regulators under President Trump has entered a new, cozier phase.
After Wooing Trump With Deals, Pakistan Gets a Seat at the Table

Steve Witkoff, a diplomatic envoy, used the Board of Peace to announce an agreement that could raze a Pakistan-owned Manhattan hotel. Now the country is involved in negotiating peace talks with Iran.