Image: The Verge The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.” As a result of the investigation, the Securities and Exchange Commission...

Illustration by Alex Castro / The Verge A little over a year after the collapse of the crypto banks Silvergate and Signature, financial institutions are very interested in crypto. PayPal has used its proprietary stablecoin to pay auditors Ernst & Young LLP, using a hub provided by SAP. Visa “is helping to bridge existing...

Illustration by Alex Castro / The Verge The Securities and Exchange Commission (SEC) is appealing a federal judge’s ruling in its yearlong legal battle against Ripple over sales of its XRP token. This extends the battle over whether Ripple violated securities laws, as an SEC spokesperson told CoinDesk, “We believe that...

Illustration by Cath Virginia / The Verge | Photos from Brandon Bell, Getty Images The people behind World Liberty Financial — former President Donald Trump, his sons, and his business associates — have made a lot of promises about the cryptocurrency platform’s revolutionary potential. It will liberate “the average American”...

Photo Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Agustina Torres, Getty Images The story of Sam Bankman-Fried was obvious enough: a Shakespearean level of arrogance that led to tragedy. But I have been puzzled for some time by Caroline Ellison, the former CEO of Alameda Research and star witness of the...

The end of the line. | Photo Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Getty Images Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison for her role in the FTX collapse. She must also forfeit $11 billion. Ellison pleaded guilty to two counts of wire fraud and...