U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, Reuters reported Tuesday, citing people familiar with the matter….

A former employee of a Massachusetts town is facing charges of allegedly setting up a secret cryptocurrency mining operation in a remote crawl space at a school, police said. The Associated Press reports: Nadeam Nahas, 39, was scheduled to be arraigned…

An anonymous reader quotes a report from Reuters: Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm ma…

An anonymous reader quotes a report from Reuters: PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner on the project faces a probe by the New York State Department of Financial Services, Bloomb…

According to CoinDesk, Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC). From the report: The SEC will discuss and vote on the settlement during a closed-door commi…

Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. CNBC reports: Binance US, a unit of the company that’s regulated by the Treas…

Last year’s Super Bowl broadcast was “crypto-happy” as 100 million Americans saw at least three commercials promoting cryptocurrency. This year things will be different. According to the Associated Press, there will be no cryptocurrency advertisements …

A year ago, crypto successfully scraped and scrapped to get a foot in the door in Washington. But in the wake of crypto’s winter, and FTX’s spectacular collapse, that door has now slammed shut. From a report: Gaining legitimacy in Washington has been a…