Category: Virtual Currency

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.
Binance Under Fire After Reports That $1.7 Billion in Crypto Flowed to Iran

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

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

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

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

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.

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.