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President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an adviser said, an audacious idea that has been widely criticized as a scheme to enrich crypto investors. The basis of the stockpile will be a stash of Bitcoin, estimated to be worth as much as…
The crypto market gives and takes: After President Trump’s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher — and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.) The plan…
The good news for cryptocurrency investors arrived just after 8 a.m. on Friday: Coinbase, the largest crypto marketplace in the United States, had reached a deal with U.S. regulators to dismiss a lawsuit that had hung over the industry for years. But within hours, the crypto market descended into a new crisis. At 10:51 a.m.,…
In the Wichita courtroom, Hanes offered his only public reflection on the bank collapse. Wearing a gray suit, he walked up to the lectern, glancing nervously at his former friends in the gallery. “I’m sorry,” he told the judge. Until the very end, he explained, he thought he was involved in a legitimate business deal….
What James Howells wants to do is, by his account, simple: buy a landfill, excavate tens of thousands of tons of trash, cart every piece by dump truck to a scanner with A.I.-trained detection technology, install a backup magnetic belt to pick up any lingering metallic objects and, thus, find the long-lost hard drive that…
President Trump on Thursday issued an executive order to support the growth of the cryptocurrency industry, calling for a new plan to regulate a business in which he has substantial personal investments. The executive order, which was light on details, said the Trump administration would create a working group on digital assets to come up…
In December 2023, Angela McArdle, the chair of the Libertarian Party, flew to Mar-a-Lago to meet with Donald J. Trump. Mr. Trump wanted to know how to win over libertarian voters, a constituency he thought could help him reclaim the presidency, Ms. McArdle said in an interview. She had an answer: Free Ross Ulbricht, a…
President Trump on Tuesday granted a pardon to Ross Ulbricht, the creator of the Silk Road drug marketplace and a cult hero in the cryptocurrency and libertarian worlds. In doing so, Mr. Trump fulfilled a promise that he made repeatedly on the campaign trail as he courted political contributions from the crypto industry, which spent…
