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.
Category: Virtual Currency
-
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.
-
Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends
David Sacks, the Trump administration’s A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments.
-
Binance Is Sued by Oct. 7 Victims’ Families, Accused of Aiding Terrorism
A lawsuit claims the cryptocurrency exchange turned a blind eye as $1 billion used to finance the Oct. 7 attacks in Israel and other acts moved through its network.
-
The Fed, Crypto and A.I. Weigh on the Markets
Growing jitters over the Federal Reserve, crypto and the future of the artificial intelligence boom have helped drive a global sell-off.
-
Trump Project in Maldives Opens More Doors for Cryptocurrency Investors
The Trump Organization and its Middle East development partner have announced a project in the Maldives that marries two of the family’s most successful moneymaking enterprises.
-
The Crypto Industry’s $28 Billion in ‘Dirty Money’
As President Trump has championed crypto and the industry has gone mainstream, funds from scammers and other criminal groups have flowed onto major crypto exchanges.
-
Trump Pardons Founder of the Crypto Exchange Binance
Changpeng Zhao, the richest man in crypto, admitted to money-laundering violations that allowed terrorists and other criminals to move money on Binance.
-
Riding the Wild Wave of Crypto Coverage
David Yaffe-Bellany, a technology reporter who has covered the cryptocurrency industry since 2022, has come to embrace learning on the fly.