The Latest Breaking News from Cryptocurrency

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

Since the world’s second-largest crypto exchange, FTX, declared bankruptcy earlier this month, the flow-on effects have been felt far and wide.

Should you cash out? Are your coins still worth anything? Here are your options.

The most popular of the three, XRP, is the seventh-largest crypto token by market cap.

European Bank criticises digital currency sector for facilitating illegal activity

With the collapse of the cryptocurrency exchange FTX, the media shined a spotlight on the personal lives of founder Sam Bankman-Fried and his inner circle.

In the wake of the collapse of the cryptocurrency exchange FTX, and amid reports that FTX's founder, Sam Bankman-Fried, diverted billions of dollars of clients' funds, some observers have linked the alleged financial malpractice to ideas widely held within the "effective altruism" movement, which Mr Bankman-Fried says inspired him. More…

Embattled FTX founder was top donor to Democrats in 2022 midterms

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

O’Rourke’s campaign said they gave the money back before the company’s scandals became widely public, because they were taken aback by such a large unsolicited donation.