Cryptocurrency

The well-known cryptocurrency exchange Coinbase was found to have broken anti-money laundering regulations by not carrying out sufficient background checks, according to New York finance officials. Coinbase must spend an additional $50 million on enhancing its compliance program in addition to paying a $50 million fine to the New York …

NFTs may play a significant role in the future for organizations trying to spice up their rewards programs, according to Adam Brotman, co-CEO and co-founder of Forum3. As the world becomes increasingly digital, customer demands and requirements are shifting. As the former chief digital officer of Starbucks and other large …

The U.S. National Security Agency has issued a warning that hackers supported by the Chinese government are using two widely used Citrix networking products’ zero-day vulnerabilities to break into targeted networks. The vulnerability, identified as CVE-2022-27518, affects the widely used remote access tool Citrix Gateway as well as the application …

Slack CEO Stewart Butterfield announced his impending resignation in January just a few days after Salesforce co-CEO Bret Taylor made the same announcement. The news was initially reported by Business Insider. Salesforce has emailed TechCrunch to confirm the news. The organization also disclosed that Lidiane Jones, who has served as …

The crypto lending marketplace BlockFi has had a busy year, and today was no exception as the business released an announcement that it had voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey. The cryptocurrency network tweeted on November 10 that …

At TechCrunch Sessions: Crypto 2022, Changpeng Zhao, the co-founder and CEO of Binance, made a comment regarding the demise of FTX. He downplayed his own contribution to the chain of events that finally resulted in FTX declaring bankruptcy. “I still don’t believe that I have that much sway. We may …

A Super Bowl ad featuring Larry David had never, ever, ever been released. Weeks in advance, as is increasingly standard, there was no genuine teaser or trailer. Instead, cryptocurrency exchange FTX went old school and planned to surprise spectators with the renowned comedian during the actual game. The Seinfeld and …

It’s quite simple for an empire you built with joke money to disappear overnight. That is the easiest explanation for the collapse of the once-dominant cryptocurrency exchange FTX, which filed for bankruptcy on Friday. At the start of November, FTX was in charge of one of the most valuable cryptocurrency …

The corporation saw a startlingly quick fall prior to the most recent developments. This week, the term “bankruptcy” has been used by a number of big digital companies, not only Twitter. Crypto exchange FTX has applied for Chapter 11 bankruptcy protection following a startlingly quick collapse, and creator Sam Bankman-Fried …

According to Bloomberg, a crypto billionaire lost a staggering 94 percent of his wealth in a single day, breaking a record for the most money ever lost. Sam Bankman-Fried, the founder and CEO of the cryptocurrency exchange FTX, had an estimated value of $17 billion earlier this week. He had …