Cryptocurrency
Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case
Alex Mashinsky, former chief executive officer of Celsius Network Ltd., arrives at court in New York, US, on Thursday, May 8, 2025. Yuki Iwamura | Bloomberg | Getty Images Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud, a […]
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Affirm drops 10% on weaker-than-expected guidance for current quarter
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter that trailed analysts’ estimates even as profit for […]
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Bitcoin jumps above $100,000 for first time since February
Harun Ozalp | Anadolu | Getty Images Bitcoin on Thursday hit its highest level since February, climbing back above the key $100,000 level. The price of the flagship cryptocurrency was last higher by more than 4% at $100,801.04, according to Coin Metrics. The move began overnight after President Donald Trump first teased an announcement between […]
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Coinbase acquires crypto derivatives exchange Deribit for $2.9 billion
The Coinbase logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images Coinbase agreed to acquire Dubai-based Deribit, a major crypto derivatives exchange, for $2.9 billion, the largest deal in the crypto industry to date. The company said Thursday that the cost […]
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Standard Chartered analyst apologizes for $120,000 bitcoin price call, says target ‘may be too low’
Vcg | Visual China Group | Getty Images A Standard Chartered analyst who predicted bitcoin hitting $120,000 by the second quarter now says his price call is “too low.” “I apologise that my USD120k Q2 target may be too low,” Geoffrey Kendrick, head of digital assets at Standard Chartered, said in a tongue-in-cheek comment shared […]
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Steph Curry, Tom Brady and other celebrities excluded from most FTX investor claims, judge rules
Stephen Curry #30 of the Golden State Warriors drives to the basket in the second quarter against Dyson Daniels #11 of the New Orleans Pelicans at Chase Center on April 12, 2024 in San Francisco, California. Kavin Mistry | Getty Images A Florida federal judge has dismissed most of the claims against high-profile celebrities and […]
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Trump crypto advisor David Bailey launching $300 million bitcoin investment company
Vcg | Visual China Group | Getty Images David Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed. The deal, which has been in the works since January, consists of $200 million in […]
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Democrats push back against Trump’s growing crypto empire
Jonathan Raa | Nurphoto | Getty Images Democrats turned up the pressure on President Donald Trump’s cryptocurrency ventures this week and the fortune that he and his family are making off the efforts as a vote rolls forward on a key crypto bill. Thursday’s vote on the GENIUS ACT, a bill to establish federal rules […]
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Trump’s CFPB drops enforcement of buy now, pay later rule in latest rollback of consumer protections
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC. Anna Moneymaker | Getty Images For the third time under President Donald Trump, the Consumer Financial Protection Bureau has pulled back from enforcing a key rule, this time targeting buy now, pay later […]
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58 crypto wallets have made millions on Trump’s meme coin. 764,000 have lost money, data shows
About 764,000 wallets that purchased President Donald Trump’s $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis. Most of the wallets that lost money held smaller amounts of the token, according to the firm’s on-chain analysis. Crypto wallets are accounts that store the […]
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