Crypto

Binance founder Changpeng “CZ” Zhao was released from U.S. custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activi

The promise of blockchain to change the world hasn’t materialized. For the most part, the technology has instead enabled people to speculate on a new asset class. A big hurdle to realizing blockchain’s full potential, web3 proponents argue, is that decentralized services are incredibl

Blockchain technology is all about decentralization and virtualization. So it’s a little ironic that humans love to come together in person at big blockchain events. Such was the case last week in Seoul, where a record 17,000 people and 300 speakers came together for Korea Blockchain Week. L

The U.K. government has introduced a new bill to Parliament that proposes new legal protections for digital assets such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits. The bill comes as the crypto sector contends with a range of regulatory headwinds: In the U.S., the Securities

As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father’s taxi earnings. His father would say he made $100, but Shaikh couldn’t understand why only $60 made it home. (The rest, he learned, went to intermediaries.) This early experience sparked his curiosity about fina

Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX,

There’s a lot of hype about the promise of AI agents today, but payments are a huge limiting factor. Today, an AI agent might be able to plan a vacation for you independently, but a human has to step in when it’s time to input your credit card information. Skyfire Systems wants to chang

Depending on your thoughts on the intersection of crypto and Silicon Valley's libertarians, this is either a dream idea or an odd one: Former a16z investor Balaji Srinivasan has booked out an island near Singapore to create his own “Network School.” This is where he'll run programs on

Binance, the world’s largest cryptocurrency exchange, has resumed operations for users in India after a seven-month hiatus imposed by a local authority for operating “illegally” in the country. The exchange said Thursday it has registered as a reporting entity with India’s

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Pe

The Appellate Court of Montenegro ruled on Thursday that Terraform Labs co-founder Do Kwon should be returned to his home country, South Korea. The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the United

Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shock waves through the local crypto community. The Mumbai-based firm, which suspended all

Ledger, a French startup mostly known for its secure crypto hardware wallets, has launched a new mid-range device, the Ledger Flex. Available now, priced at $249, the dinky hardware wallet features an E-Ink display to navigate the interface and approve transactions with a tap. Like all of Ledger&

When you think about it, Proton has always been a crypto company — cryptography, not cryptocurrency. But the Switzerland-based company, better known for its secure email, VPN and storage services, is now launching its first cryptocurrency product. It's a crypto wallet called Proton Wallet th