A hacker reportedly stole $27 million in cryptocurrency from a Binance-connected wallet. The stolen tether funds were converted to ether before being transferred to other...
A leading financial regulator in the United States is issuing a warning about stablecoins. Michael Barr, vice chair for supervision at the Federal Reserve, told...
The criminal case against FTX founder Sam Bankman-Fried reached its climax last week. The civil cases involving his former company, however, are ongoing. Bankman-Fried’s conviction...
The conviction of Sam Bankman-Fried on fraud charges on Thursday (Nov. 2) coincided with a downturn in the cryptocurrency market, which had been recovering this...
Sam Bankman-Fried, 31, of Stanford, California, was convicted on all counts Thursday (Nov. 2). In a bit of poetic justice, the Thursday conviction came exactly...
The return of Jack Dorsey to Square has been good news for its parent, Block. As PYMNTS reported, former Square CEO Alyssa Henry departed the company last month on Oct. 2,...
PayPal reportedly experienced an increase in market value after committing to become a “leaner” company. The global payments giant’s shares climbed almost 7% to $55.12...
PayPal’s new stablecoin offering has caught the attention of regulators. The payments giant said in a regulatory filing Thursday (Nov. 2) that it had received...
Prosecutors and defense attorneys presented contrasting narratives of Sam Bankman-Fried’s alleged involvement in fraud and money-laundering offenses Wednesday (Nov. 1). They did so while presenting...