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Nathaniel Popper / New York Times:
Gary Gensler, CFTC's head from 2009 to 2014, thinks Ethereum and Ripple's respective currencies may have been issued and traded in violation of securities laws   —  SAN FRANCISCO — Gary Gensler was one of the top financial regulators in the Obama administration, the finance chief …
Apr 22, 2018, 9:55 PMIn context
New York Times:
Cambridge Analytica planned to raise funds via an ICO to create a system that would let people store and sell their online data to advertisers, says ex-employee   —  SAN FRANCISCO — The embattled voter-profiling firm Cambridge Analytica quietly sought to develop its own virtual currency …
Apr 17, 2018, 3:18 PMIn context
Nathaniel Popper / New York Times:
Concerns grow that Bitcoin's price is being propped up by Bitfinex, the widely-used and shadowy exchange subpoenaed in December by the US CFTC   —  A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped …
Jan 31, 2018, 9:10 PMIn context
Nathaniel Popper / New York Times:
Winklevoss twins reflect on their risky bet on Bitcoin, now worth ~$1.3B, made using the $65M settlement they received from Facebook   —  The Winklevoss twins have carved an unorthodox path toward fame in the American business world.  —  They went to Harvard University and then on to the Olympics as rowers.
Dec 21, 2017, 12:35 PMIn context
Nathaniel Popper / New York Times:
Bitfinex's inadequate disclosures of 2016 hack and unclear ownership links to Tether, issuer of popular coins used to buy bitcoin, raise doubts about exchange   —  SAN FRANCISCO — As the price of Bitcoin has soared, the virtual currency has edged toward the mainstream.
Nov 21, 2017, 9:10 PMIn context
Nathaniel Popper / New York Times:
How Floyd Mayweather and DJ Khaled's endorsements helped $30M ICO for Centra debit card, which had shady founders, made-up CEO, false Visa approval claims   —  Celebrity endorsements are helping start-ups raise big money in so-called initial coin offerings.  But it is not always clear what they are selling.
Oct 28, 2017, 11:45 AMIn context
Nathaniel Popper / New York Times:
A look at Jack Dorsey's Square, whose success in recent quarters and steadily rising stock price means it could soon pass Twitter in market cap   —  Twitter may be President Trump's favorite platform, but Square, a payments company also run by Jack Dorsey, has had more success in recent quarters.
Oct 25, 2017, 10:10 AMIn context
New York Times:
30 current and former SoFi employees describe years of misconduct by executives including CEO Mike Cagney and a rancorous workplace environment   —  SAN FRANCISCO — For months, the text messages came.  Some were flirtatious, asking her to meet him late at night.  Sometimes, the texts were sexually explicit.
Sep 12, 2017, 10:10 PMIn context
New York Times:
SoFi CEO and co-founder Mike Cagney to step down following sexual harassment suit; sources say he skirted risk and compliance controls while expanding business   —  Social Finance, an online lender that has been one of the more prominent financial technology start-ups, said on Monday …
Sep 11, 2017, 10:07 PMIn context
Nathaniel Popper / New York Times:
Hackers hijack cell phone numbers to drain cryptocurrency wallets, pointing to security weaknesses at both carriers and wallet services   —  Hackers have discovered that one of the most central elements of online security — the mobile phone number — is also one of the easiest to steal.
Aug 21, 2017, 10:25 PMIn context

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