All posts tagged "Digitalcurrency"

NEW YORK — Disgraced crypto entrepreneur Sam Bankman-Fried pleaded not guilty to a host of new federal charges Thursday. The fallen FTX founder appeared in Manhattan Federal Court after traveling from Palo Alto, California, where he’s under house arrest at his parent’s place on a $250 million bond. Bankman-Fried, 31, pleaded not guilty to charges alleging he bribed Chinese officials $40 million to unfreeze over $1 billion in crypto assets, campaign finance crimes, and multiple securities and commodities fraud charges through his lawyer Mark Cohen. Cohen planned to argue that Bankman-Fried shou......

NEW YORK — New York City Mayor Eric Adams took a supportive if somewhat cryptic tone after New York Gov. Kathy Hochul signed legislation this week limiting some cryptocurrency mining in the state, casting the new law as an acceptable step toward smart tech policy. Adams, a vocal crypto booster, said he maintains his focus on establishing New York as a crypto hub. But he said that goal can be balanced with statewide efforts to curb environmental costs associated with some forms of crypto production. In June, Adams told Crain’s that he intended to ask his ally Hochul to veto the bill. Hochul, a ......

Georgia was the site of America’s first gold rush in 1828 when miners flocked to the mountains near Dahlonega looking to strike it rich. Nearly 200 years later, a new wave of miners is descending on the state. Instead of gold, they’re mining a type of money that can’t be hidden under a mattress or folded into a wallet. They’re in the hunt for bitcoins, a cryptocurrency that has a global value of more than $1 trillion. Since 2020, bitcoin mining companies have opened or expanded eight facilities across the the state, lured by some of the same benefits that bring other industries to Georgia: ine......

CHICAGO – For a minute there, it looked like Ronny Maali had struck it rich — relatively speaking. The accounting student from Orland Park, Illinois, last year bought more than 1,000 Dogecoins, a digital currency that was created as a joke. Maali thought it was pretty funny too: With each Dogecoin trading for well under a penny, his investment cost him only $2.50, less than the price of a Big Mac. But last week, as social media-inspired speculation lifted the stock prices of widely belittled companies like GameStop and BlackBerry to dazzling heights, Dogecoin went along for the ride: In 24 hou......