The U.S. Department of Justice (DOJ) has charged two Russian nationals linked to the 2011 hack of cryptocurrency exchange Mt. Gox and the illicit bitcoin exchange BTC-e, according to charges unsealed on Friday. Both suspects will face charges related to money laundering conspiracy in the Southern District of New York. One suspect will also be charged…
DOJ Charges 2 Russian Nationals in Mt. Gox Crypto Hack
June 10, 2023
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‘We Need to Get Ready’: Bank of Canada Launches Consultations on Central Bank Digital Currency
May 9, 2023
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Bank of CanadaCanadaCentral Bank Digital Currency (CBDC)cryptocurrecymoneyPierre PoilievreTiff MacklemWorld
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The Bank of Canada (BoC) has announced that it is exploring the possibility of issuing a Central Bank Digital Currency (CBDC), and is seeking consultation from the public on its design. “As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy. That means being ready for whatever…
What Is the Future of Money?
Commentary We’re at a turning point in history. This could be said of many things, but it’s certainly true of the modern monetary system. Like most transitions in life and in history, the monetary system’s transformation is occurring slowly, then suddenly, in that the changes are almost imperceptible but then, like all cataclysms, will eventually…
BC Suspends Electricity Connection Requests for Large Crypto Miners to Preserve Energy Supply
The British Columbia government has placed an 18-month suspension on electricity connection requests for cryptocurrency mining operations in a bid to preserve the province’s energy supply. The provincial government says the one-and-a-half-year halt will also give it time, along with BC Hydro, to engage with the “industry and First Nations, and develop a permanent framework for any…
The Rise and Fall of FTX and Sam Bankman-Fried
The collapse of cryptocurrency exchange FTX sent shockwaves throughout global crypto markets, and the unfolding developments involving founder and CEO Sam Bankman-Fried has garnered the attention of Washington lawmakers. From a $32 billion empire to a bankrupt company, the saga persists. But it might be important to take a step back to understand what exactly…
The Rise and Fall of Sam Bankman-Fried’s Crypto Empire
November 17, 2022
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Business & MarketsChinaCompaniescryptocurrecycryptocurrencyFTXInvestmentMarketsSam Bankman-FriedTech
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The collapse of cryptocurrency exchange FTX sent shockwaves throughout global crypto markets, and the unfolding developments involving founder and CEO Sam Bankman-Fried has garnered the attention of Washington lawmakers. From a $32 billion empire to a bankrupt company, the saga persists. But it might be important to take a step back to understand what exactly…
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