Two former executives at a San Francisco-based financial services company were each sentenced to multiple years in federal prison on Friday.
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California Governor Gavin Newsom is making a bold move to bring blockchain technology directly into state government operations. The newly ann…
California is known for being the first place to embrace new technology, so it’s no surprise that the state is now taking a major step forward…
From crypto coins to bibles, overseas development deals to an upcoming line of cellphones, Trump family businesses have raked in hundreds of millions of dollars since his election. That flood of often shadowy money — from billionaires, foreign governments and cryptocurrency tycoons, all with interests before the federal government — has permitted the president to leverage the power of his office for personal gain unlike any of his predecessors.
President Donald Trump has signed the GENIUS Act into law, setting new regulations for stablecoins, a type of cryptocurrency tied to assets like the U.S. dollar. The law, passed with bipartisan support, introduces consumer protections and aims to boost confidence in the crypto industry. On Friday, Trump called the move a step toward cementing U.S. dominance in global finance and crypto technology. A provision bans Congress members from profiting off stablecoins but excludes the president and his family. Meanwhile, the House passed two additional crypto-related bills, now heading to the Senate, to reshape market structures and limit Federal Reserve actions.
California is in the process of passing several bills designed to further its crypto regulation and acceptance within the state. The Golden St…
A Connecticut man whose parents were kidnapped after he took part in a $245 million Bitcoin theft has pleaded guilty to fraud and money laundering conspiracy charges and has agreed to testify against his co-defendants. That is according to court documents unsealed this week in federal court in Washington. Veer Chetal, from Danbury, is one of three men charged with stealing 4,100 Bitcoins from a victim in Washington. Court documents say that a week after the theft, Chetal's parents were kidnapped briefly in Danbury in a failed ransom plot aimed at Chetal. Seven men were arrested in the kidnapping. Chetal's lawyer declined to comment Friday.
Hackers with possible links to Israel have drained more than $90 million from Iran's largest cryptocurrency exchange Nobitex and leaked company data. That's according to blockchain analytics firm Elliptic, which said the attack was likely politically motivated. The hacking group that claimed responsibility for the attack has accused Nobitex of having helped Iran's government evade sanctions and transfer money to militants. While Israeli media have widely reported that Gonjeshke Darande is linked to Israel the country's government has never officially acknowledged ties to the group. The hacks appear to be motivated by escalating tensions in the Israel-Iran conflict.
Open a crypto price tracker on any given day, and you’ll likely see a few unfamiliar names near the top of the “Trending” list. Scroll a littl…
Coinbase is pushing back against growing regulatory pressure from multiple U.S. states, including California, over its cryptocurrency staking …