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Leo Schwartz

Leo Schwartz

The Nation

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Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months, will enter prison as country’s richest inmate

The settlement came amid a string of enforcement actions against crypto industry leaders, including FTX's Sam Bankman-Fried.

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Fortune

Leo Schwartz

Tiger Global-backed Braintrust bet big on blockchain. Now it’s launching an AI-powered hiring platform

Braintrust Air will use AI to conduct autonomous interviews with job candidates, with Nestle and Guardian Life already signed up.

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Fortune

Leo Schwartz

Movement Labs raises $38 million to build layer-2 blockchain on Ethereum with Facebook tech

Polychain led the Series A funding round, which included participation from Hack VC, dao5, and Robot Ventures.

25.04.2024 10

Fortune

Leo Schwartz

Crypto app Strike launches Bitcoin services across Europe

Founder and CEO Jack Mallers said the company is profitable after an $80 million funding round in 2022.

24.04.2024 7

Fortune

Leo Schwartz

Why VCs are pouring hundreds of millions of dollars into a little-known AI crypto project called Bittensor

Prominent blockchain firms including Polychain, Digital Currency Group, and dao5 are buying up TAO, the token for the decentralized AI company...

15.04.2024 30

Fortune

Leo Schwartz

VanEck CEO says brokerage platforms aren’t yet recommending Bitcoin ETFs: ‘There’s a long ways to go’

Jan van Eck told Fortune that he doesn't expect the SEC to approve an Ethereum ETF.

11.04.2024 9

Fortune

Leo Schwartz

Anthony Pompliano and ex-TechCrunch reporter launch Token Relations to improve crypto projects’ communications

The project, which is bootstrapped by Pompliano, counts Avalanche, Aptos, and Optimism as launch partners.

09.04.2024 20

Fortune

Leo Schwartz

Paradigm leads $225 million round for Monad Labs, which is building a layer-1 blockchain to take on Ethereum and Solana

The crypto firm founded by ex-Jump Crypto traders also received investment from Electric Capital and Neil Mehta's Greenoaks Capital.

09.04.2024 30

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Leo Schwartz

Sam Bankman-Fried sentenced to 25 years in prison as the FTX saga draws to a close

A jury convicted the disgraced founder of seven counts related to the collapse of his crypto exchange in November.

28.03.2024 9

Fortune

Leo Schwartz

Judge rejects Coinbase’s ‘major questions doctrine’ argument in landmark SEC case

Judge Katherine Failla ruled on Wednesday that the SEC could continue its lawsuit against the leading U.S. crypto exchange.

27.03.2024 5

Fortune

Leo Schwartz

DOJ accuses crypto exchange KuCoin of money laundering violations and receiving billions in suspicious funds

The Seychelles-based firm is one of the top crypto exchanges by trading volume.

26.03.2024 30

Fortune

Leo Schwartz

How 80-year-old Fidelity became a crypto pioneer—and what’s next after its successful Bitcoin ETF

Under CEO Abigail Johnson, Fidelity has invested heavily in blockchain technology, including a Bitcoin ETF, mining, and a custody and trading...

25.03.2024 9

Fortune

Leo Schwartz

Judge slams SEC for ‘gross abuse of power’ in crypto case, imposes sanctions

The judge also rejected the SEC's motion to dismiss after the agency expressed its 'regrets' for misrepresenting facts.

19.03.2024 40

Fortune

Leo Schwartz

Mastercard-owned CipherTrace tells clients it is shutting down key products

Mastercard recently retracted a report from a CipherTrace investigator in the Bitcoin Fog case, citing 'unverifiable and unauditable' data.

14.03.2024 30

Fortune

Leo Schwartz

The untold story of Kickstarter’s crypto Hail Mary—and the secret $100 million a16z-led investment to save its fading brand

Inside the once-hot startup's struggle to regain its relevance despite a massive check from the crypto arm of the venture giant Andreessen Horowitz.

11.03.2024 20

Fortune

Leo Schwartz

Wyoming wants to become the Delaware of DAOs with new crypto law for decentralized autonomous organizations

The legislation is the latest blockchain-focused regulation from the Cowboy State.

08.03.2024 10

Fortune

Leo Schwartz

Digital Currency Group files motion to dismiss New York attorney general’s lawsuit: ‘A thin web of baseless innuendo’

The crypto empire led by Barry Silbert was hit by the enforcement action, which alleged widespread fraud, last October.

06.03.2024 20

Fortune

Leo Schwartz

Binance US laid off 2/3 of staff in wake of SEC lawsuit, revenue plunged 75% after ‘near-mortal blow’

New court documents on Tuesday underscored how the U.S. arm of the embattled crypto exchange is in a precarious position.

05.03.2024 10

Fortune

Leo Schwartz

New ruling in SEC’s Coinbase insider trading lawsuit comes as a blow to the crypto industry as judge finds secondary token sales were securities

A federal judge agreed with Gary Gensler that sales of crypto assets are securities, even on secondary markets like exchanges.

03.03.2024 10

Fortune

Leo Schwartz

Bitcoin ETFs hit record volume as single-day high of $612 million pours into BlackRock

January's launch of the exchange-traded investment vehicles has helped drive the recent rally in digital assets.

01.03.2024 5

Fortune

Leo Schwartz

Winklevoss-led Gemini agrees to return over $1 billion to customers in deal with NY regulator that includes $37 million fine

The Department of Financial Services announced the settlement on Wednesday against the troubled crypto firm.

29.02.2024 10

Fortune

Leo Schwartz

FTX fraudster Sam Bankman-Fried asks judge for 6.5 or years or less, says public doesn’t know his ‘true’ self

The lawyers of the disgraced crypto entrepreneur filed a sentencing memorandum on Tuesday night asking for a lenient judgment.

28.02.2024 10

Fortune

Leo Schwartz

Crypto platform Anchorage launches Porto, a self-custody wallet for institutions

The new product is aimed at venture capital, private equity, and sovereign wealth funds who need more flexibility with decentralized ecosystems.

26.02.2024 10

Fortune

Leo Schwartz

The crypto token for Sam Altman’s eyeball-scanning startup Worldcoin just hit an all-time high as WLD rides the AI wave

Worldcoin's WLD token rose over $9 on Friday after a stronger-than-expected earnings report from chip maker Nvidia.

23.02.2024 3

Fortune

Leo Schwartz

Kraken moves to dismiss SEC lawsuit, which the crypto firm says is retaliation from ‘a politically compromised agency’

The U.S.-based company was sued by the SEC twice in 2023, although it settled the first enforcement action.

23.02.2024 10

Fortune

Leo Schwartz

Exclusive: RW3 Ventures raises $60 million crypto VC fund with backing from Mubadala and Raptor Group

Founded by BitGo alum Pete Najarian, the fund was spun out of Jim Pallotta's family office and will focus on real-world blockchain use cases.

15.02.2024 10

Fortune

Leo Schwartz

Bullish paid close to $75 million to acquire CoinDesk. Here’s what we know about the company and its plans for crypto media

After CoinDesk's reporting spurred the collapse of FTX, the outlet's parent company, Digital Currency Group, sold the publication.

13.02.2024 10

Fortune

Leo Schwartz

Crypto rally boosts Digital Currency Group’s financials amid lawsuits and Genesis bankruptcy

The Barry Silbert-led crypto empire benefited from heightened Bitcoin prices and the sale of CoinDesk.

12.02.2024 5

Fortune

Leo Schwartz

NY attorney general ramps up fraud charges against Barry Silbert-led Digital Currency Group, now seeks $3 billion

Letitia James filed an amended complaint on Friday alleging an additional $2 billion in fraud from the troubled crypto empire.

09.02.2024 5

Fortune

Leo Schwartz

Leading senators express concern over crypto case in which SEC admitted to misleading statements: ‘Trust is undermined’

Senators JD Vance (R-Ohio), Cynthia Lummis (R-Wyo.), Bill Hagerty (R-Tenn.), and others have sent a letter to SEC Chair Gary Gensler over the DEBT Box...

08.02.2024 4

Fortune

Leo Schwartz

SEC may be forced to declare Ethereum a security after controversial new launch

Prometheum is launching custody services for Ether, the first step in an attempt to create a regulated path for crypto.

07.02.2024 2

Fortune

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Tether still has nearly $5 billion in loans despite pledging to reduce exposure to zero

In its latest attestation, the stablecoin giant reported $2.85 billion in profit and excess reserves of $5.4 billion.

31.01.2024 5

Fortune

Leo Schwartz

SEC asks to dismiss contested crypto case in which agency faces sanctions over ‘materially false’ statements

SEC lawyers said they "deeply regret" errors they made and acknowledged the agency "fell short."

31.01.2024 20

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Leo Schwartz

Chris Dixon, the philosopher king of crypto, makes a fresh case for blockchain. Is he too late?

The general partner of the venture giant Andreessen Horowitz sat down with Fortune to discuss his new book, "Read Write Own."

25.01.2024 7

Fortune

Leo Schwartz

SEC blames ‘SIM swap’ attack for disastrous X hack ahead of Bitcoin ETF approval

The SEC said it is continuing to work with law enforcement and federal oversight agencies to address the matter.

23.01.2024 8

Fortune

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LedgerPrime alumni launch crypto hedge fund Split Capital to focus on liquid tokens

Cofounder Zaheer Ebtikar says the fund will focus on the "middle 80%" of the crypto token market overlooked by larger investors.

19.01.2024 7

Fortune

Leo Schwartz

No knockout in latest Coinbase-SEC fight: Both parties still awaiting judge’s decision

Coinbase argued to dismiss an SEC lawsuit at a Wednesday hearing in New York.

18.01.2024 5

Fortune

Leo Schwartz

Exclusive: Genesis reaches settlement with New York regulator, will forfeit BitLicense and pay $8 million fine

The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general.

12.01.2024 10

Fortune

Leo Schwartz

This time, the SEC means it: BlackRock and Grayscale among 11 firms finally approved for spot Bitcoin ETFs

The agency was forced into action after a landmark court victory by the crypto firm Grayscale and the arrival of major players like BlackRock and...

11.01.2024 100

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Exclusive: Jump sits out Bitcoin ETF race amid broader crypto pullback

The trading firm has reduced its crypto business after its disastrous involvement with the failed crypto firm Terraform Labs.

10.01.2024 10

Fortune

Leo Schwartz

SEC Twitter account ‘compromised,’ promotes fake Bitcoin ETF news

The long-awaited approval for Bitcoin ETFs was thrown into chaos after someone hacked the SEC Twitter account and falsely announced their launch.

10.01.2024 30

Fortune

Leo Schwartz

Valkyrie cofounder predicts Wednesday approval amid Bitcoin ETF frenzy: ‘It’s almost surreal’

Steven McClurg is the cofounder and CIO of Valkyrie, an asset manager vying to launch a spot Bitcoin ETF.

09.01.2024 6

Fortune

Leo Schwartz

Bitcoin ETF battles escalate as issuers including BlackRock and Cathie Wood’s ARK set fees and offer waivers

All signs point to the SEC approving the long-awaited crypto investment vehicle this week.

08.01.2024 8

Fortune

Leo Schwartz

Mark Cuban-backed neobank Dave announces repurchase of $100 million investment from FTX

The failed exchange founded by Sam Bankman-Fried had formed a partnership with Dave in 2022 to work on crypto payments.

05.01.2024 10

Fortune

Leo Schwartz

Fidelity sets Bitcoin ETF fee at 0.39% ahead of expected SEC approvals

Issuers including Fidelity and Galaxy are jockeying for position to gain an early advantage in the Bitcoin race.

02.01.2024 20

Fortune

Leo Schwartz

Judge rules Terra ‘stablecoin’ and other tokens are securities in victory for the SEC and departure from Ripple case

The doomed crypto project created by Do Kwon still faces fraud-related charges.

29.12.2023 40

Fortune

Leo Schwartz

Fast Times at FTX High

Here’s a look back at the graduating class from the financial fraud of the century.

28.12.2023 7

Fortune

Leo Schwartz

SEC ‘deeply regrets’ errors in crypto case, asks judge to waive sanctions after misleading statements

A judge rebuked SEC attorneys for presenting erroneous facts when securing a restraining order against the crypto firm DEBT Box.

22.12.2023 40

Fortune

Leo Schwartz

Exclusive: NY financial regulator approves Paxos expansion to Solana, allowing for its first stablecoin issuance beyond Ethereum

Paxos argues it is taking a more regulated approach to stablecoin issuance than Circle and Tether, its main competitors.

22.12.2023 9

Fortune

Leo Schwartz

Newly filed Bitcoin ETF application targets ESG investors with carbon credits

7RCC wants to stand out from the crowd of ETF applications with an environmental-focused offering.

19.12.2023 5

Fortune

Leo Schwartz

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