The crumbling of crypto exchange FTX and its subsequent bankruptcy filing has brought much negative attention for the crypto industry. However, that may be just the wake-up call U.S. lawmakers need, said Hester M. Peirce, a commissioner at the Securities and Exchange Commission (SEC). Peirce, who joined CoinDesk TV ...Read More

U.S. prosecutors in New York are probing FTX’s collapse, a source with knowledge of the investigations said, after the crypto exchange filed for bankruptcy protection last week following a rush of customer withdrawals. The Justice Department, Securities and Exchange Commission and Commodity Futures Trading Commission are ...Read More

Most of FTX’s legal and compliance staff quit Tuesday evening, people familiar with the matter told Semafor. Their departure will likely complicate a still-tenuous rescue of the crypto exchange, which yesterday agreed in principle to sell itself to a rival, Binance. That deal remains ...Read More

Sending money to family or making a rent payment through Zelle has many perks — it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment service was launched in 2017 as a collaboration between Bank of America, JP ...Read More

The chief financial officer of Tyson Foods and son of the company’s chairman was arrested in Arkansas over the weekend after he entered a random woman’s home while intoxicated and fell asleep in her bed, according to police. John R. Tyson, 32, was found ...Read More

MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability and profitability of the company’s movie-a-day subscription model, according to a Department of Justice release on Friday. J. Mitchell Lowe, previous CEO ...Read More

U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” the lawmakers said, adding that they include 31 Treasury Department officials and 28 Securities and Exchange ...Read More