Category: Virtual Currency

After Wooing Trump With Deals, Pakistan Gets a Seat at the Table

The New York Times – Business:
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.
Binance Under Fire After Reports That $1.7 Billion in Crypto Flowed to Iran

The New York Times – Business:
The world’s largest crypto exchange is under fire after investigators found accounts moving $1.7 billion to Iranian entities. Clues about those accounts were in plain sight for over a year.
A Crypto Coin Is Gobbling Up U.S. Treasuries

The New York Times – Business:
A new generation of cryptocurrency, pegged to the dollar, is growing rapidly, promising faster payments and potentially lower interest rates. But regulators and bankers warn of risks.
In a Memoir Draft, Changpeng Zhao of Binance Details the Talks Leading to His Prison Time

The New York Times – Business:
In a draft of his memoir, Changpeng Zhao, the founder of Binance, laid out the secret negotiations that led to his imprisonment and a run-in with ICE.
He Hopes to Turn the Island of Nevis Into a Libertarian Paradise, With Crypto

The New York Times – Business:
A Bitcoin baron wants to build a libertarian paradise on the island of Nevis. Democracy is getting in the way.
Senator Blumenthal Opens Inquiry Into Iran Transactions on Binance

The New York Times – Business:
Senator Richard Blumenthal of Connecticut sent a letter to Binance asking about the flow of $1.7 billion from accounts on the crypto exchange to Iranian entities.
Binance Pledged to Crack Down on Crime. Its Employees Found Potential Violations.

The New York Times – Business:
Internal Binance investigators traced $1.7 billion that flowed from accounts on the exchange to entities linked to Iran, according to company records and other documents.
The Rise of Prediction Markets

Billions of dollars are trading hands on sites like Polymarket and Kalshi, where people bet on everything from Taylor Swift’s wedding date to election outcomes.
Coinbase, the Biggest U.S. Crypto Company, Asserts Its Power in Washington

The top executive of the crypto exchange Coinbase scuttled a planned Senate committee vote on a major cryptocurrency bill after voicing his concerns, a sign of the company’s clout.
Coinbase and the Crypto Revolt Against a Crypto Bill

Legislation to establish a regulatory framework for digital tokens has been thrown into turmoil — by one of its biggest champions.
What Trump’s Embrace of Crypto Has Unleashed

A boundary-pushing array of new crypto ventures have reached the stock market, enticing investors and leading to more risk taking.
Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years

Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.