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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

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Current price of oil as of August 18, 2026

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Regulators

Changpeng Zhao looks of camera in front of blank wall.
Trump pardons Binance founder Changpeng Zhao 2 years after the crypto billionaire’s guilty plea

The Binance founder pleaded guilty in 2023 to failing to maintain an effective anti-money-laundering regime.

By Ben WeissOctober 23, 2025
Exclusive: Senate Democrats demand top Trump advisor Steve Witkoff provide details on crypto investments, lack of divestment
Exclusive: Senate Democrats demand top Trump advisor Steve Witkoff provide details on crypto investments, lack of divestment
By Ben WeissOctober 22, 2025
‘Bitcoin Jesus’ reaches $50 million deal with DOJ to dismiss tax evasion charges
‘Bitcoin Jesus’ reaches $50 million deal with DOJ to dismiss tax evasion charges
By Ben WeissOctober 14, 2025
A man in a suit whispering to another man in a suit.
Crypto hoarding brings a stock pop for small firms—and in some cases shows patterns of possible insider trading
By Ben WeissAugust 28, 2025
Bitcoin zooms over $123,000 as crypto fans hail an ‘Uptober’ for the ages
Bitcoin zooms over $123,000 as crypto fans hail an ‘Uptober’ for the ages
By Leo SchwartzOctober 3, 2025
Top crypto regulator Adrienne Harris steps down from the New York Department of Financial Services
Top crypto regulator Adrienne Harris steps down from the New York Department of Financial Services
By Leo SchwartzSeptember 29, 2025
Latest stories from Fortune
Coinbase establishes Abu Dhabi tokenization hub  
Newsletters
Coinbase establishes Abu Dhabi tokenization hub  
By Melissa HancockAugust 19, 2026
Photo of Sam Altman
Newsletters
OpenAI hits pause on training in Hugging Face aftermath
By Lily Mae LazarusAugust 19, 2026
A working businessman at a desk
Newsletters
For CEOs, retirement is the ultimate performance review—and 60% are failing it
By Phil WahbaAugust 19, 2026
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
Law
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
By Tatiana SatauaAugust 19, 2026
Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips
Innovation
Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips
By Catherina GioinoAugust 19, 2026
Mortgage rates today, Aug. 19, 2026
Personal Finance
Mortgage rates today, Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Current refi mortgage rates report for Aug. 19, 2026
Personal Finance
Current refi mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Current ARM mortgage rates report for Aug. 19, 2026
Personal Finance
Current ARM mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
More RegulatorsPage 4 of 19
Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet
Companies
Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet
By Leo SchwartzNovember 25, 2024
  • Campaign finance charges against girlfriend of FTX exec show political fallout from Bankman-Fried still ongoing
    Regulators
    Campaign finance charges against girlfriend of FTX exec show political fallout from Bankman-Fried still ongoing
    By Leo SchwartzAugust 23, 2024
Singer Katy Perry
Regulators
Katy Perry vs Katie Perry: Singer triumphs in trademark fight against loungewear designer
By Eleanor PringleNovember 22, 2024
Bitcoin nears $100,000 as SEC chair Gary Gensler announces he will step down
The Coins
Bitcoin nears $100,000 as SEC chair Gary Gensler announces he will step down
By Catherine McGrathNovember 21, 2024
SEC Chair Gary Gensler resigns, leaves legacy of division and crypto feuds
Regulators
SEC Chair Gary Gensler resigns, leaves legacy of division and crypto feuds
By Leo SchwartzNovember 21, 2024
SEC’s Mark Uyeda waves off rumors he could be Trump’s pick for chair
Regulators
SEC’s Mark Uyeda waves off rumors he could be Trump’s pick for chair
By Leo SchwartzNovember 19, 2024
The SEC’s Gary Gensler must refrain from doing more harm to crypto on his way out the door
Regulators
The SEC’s Gary Gensler must refrain from doing more harm to crypto on his way out the door
By Kristin SmithNovember 19, 2024
  • When it comes to crime, crypto is a powerful tool for law enforcement
    Regulators
    When it comes to crime, crypto is a powerful tool for law enforcement
    By Philip MartinAugust 23, 2024
FCC chair nominee Brendan Carr
Regulators
Trump’s pick for FCC chair wants to eliminate the law shielding social media companies from legal consequences for posts on their platforms
By Paolo ConfinoNovember 19, 2024
Former Binance CEO Changpeng Zhao during a news conference in Lisbon, Portugal in 2022.
Companies
FTX sues Binance and former CEO Zhao for $1.8 billion received as part of a ‘fraudulent’ share deal
By Catherine McGrathNovember 11, 2024
Republican candidate Donald Trump talks to reporters at a polling place in Palm Beach.
The Coins
‘Amazing awaits’: Crypto leaders rejoice as Bitcoin rallies following Trump blowout win
By Catherine McGrathNovember 6, 2024
SEC Chair Gary Gensler testifies in front of the House Financial Services Committee in September, 2024.
Regulators
Gary Gensler’s time as SEC chair may be coming to an end— who will replace him and what does it mean for crypto?
By Catherine McGrathNovember 5, 2024
Inside Dubai’s risky bid to become the world’s crypto hub
Regulators
Inside Dubai’s risky bid to become the world’s crypto hub
By Leo SchwartzOctober 30, 2024
  • PayPal partners with crypto platform Anchorage Digital to offer stablecoin rewards—despite murky legal rules
    Companies
    PayPal partners with crypto platform Anchorage Digital to offer stablecoin rewards—despite murky legal rules
    By Leo SchwartzAugust 22, 2024
Tether blasts report that stablecoin giant is under investigation for money laundering, sanctions violations
Regulators
Tether blasts report that stablecoin giant is under investigation for money laundering, sanctions violations
By Leo SchwartzOctober 25, 2024
Photo of a woman, a child, and a man in a snowy landscape
Companies
Binance exec released from Nigerian prison after 8 month detention
By Catherine McGrathOctober 23, 2024
A Coinbase logo on a phone in front of a background of zeros and ones that says "Virus Detected"
Regulators
Con artist who used fake Coinbase sites to steal $20 million sentenced to prison
By Catherine McGrathOctober 21, 2024
Hooded hacker stealing information with a phone.
Regulators
The SEC’s X account got hacked by a 25-year-old who went by ‘AGiantSchnauzer’ and got paid in Bitcoin, feds say 
By Catherine McGrathOctober 17, 2024
Ryan Salame, former co-chief executive officer of FTX
Regulators
Social media loving FTX exec Ryan Salame heads to prison—and his GOP wife may soon follow
By Leo SchwartzOctober 11, 2024
The FBI created its own crypto token called ‘NexFundAI’ to take down market manipulators
Regulators
The FBI created its own crypto token called ‘NexFundAI’ to take down market manipulators
By Leo SchwartzOctober 9, 2024
Sean "Diddy" Combs
Regulators
Sean ‘Diddy’ Combs hires his jail mate Sam Bankman-Fried’s lawyer—a former clerk for Ruth Bader Ginsberg
By Eleanor PringleOctober 2, 2024
Kamala Harris says she will support crypto: Here are 3 steps that would show she’s serious
Regulators
Kamala Harris says she will support crypto: Here are 3 steps that would show she’s serious
By Tonya EvansSeptember 25, 2024
Judge hands tearful Caroline Ellison two year sentence over FTX fraud: ‘I’m sorry I wasn’t brave’
Companies
Judge hands tearful Caroline Ellison two year sentence over FTX fraud: ‘I’m sorry I wasn’t brave’
By Leo SchwartzSeptember 24, 2024
No way out: Diddy stuck in Brooklyn prison dorm with crypto crook Bankman-Fried
Regulators
No way out: Diddy stuck in Brooklyn prison dorm with crypto crook Bankman-Fried
By Leo SchwartzSeptember 24, 2024
Harris offers olive branch to crypto sector during Wall Street fundraiser
Regulators
Harris offers olive branch to crypto sector during Wall Street fundraiser
By Leo SchwartzSeptember 23, 2024
Meet the man who sold Donald Trump a burger using Bitcoin
The Coins
Meet the man who sold Donald Trump a burger using Bitcoin
By Leo SchwartzSeptember 21, 2024
A guide to Trump’s World Liberty Financial crypto token: Who can buy it, when it will launch, and how the SEC might react
The Coins
A guide to Trump’s World Liberty Financial crypto token: Who can buy it, when it will launch, and how the SEC might react
By Leo SchwartzSeptember 17, 2024
SEC signals Ethereum is not a security in settlement with eToro
Regulators
SEC signals Ethereum is not a security in settlement with eToro
By Leo SchwartzSeptember 12, 2024
Sam Bankman-Fried encouraged Adderall use says ex-girlfriend Caroline Ellison in bid to avoid prison
Companies
Sam Bankman-Fried encouraged Adderall use says ex-girlfriend Caroline Ellison in bid to avoid prison
By Leo SchwartzSeptember 11, 2024
SEC and FINRA make tZero second recipient of special crypto license following controversial Prometheum approval
Regulators
SEC and FINRA make tZero second recipient of special crypto license following controversial Prometheum approval
By Leo SchwartzSeptember 10, 2024
young adult male posing for a portrait
Regulators
Polymarket likely to remain offshore for now despite ruling in favor of U.S. election betting
By Leo SchwartzSeptember 9, 2024
Why Musk dodged a $258 million Dogecoin lawsuit: His words were just ‘puffery’
The Coins
Why Musk dodged a $258 million Dogecoin lawsuit: His words were just ‘puffery’
By Jeff John RobertsAugust 30, 2024
Arrest of Telegram CEO raises concerns over app’s leadership, investor cites ‘dictatorship’
Companies
Arrest of Telegram CEO raises concerns over app’s leadership, investor cites ‘dictatorship’
By Leo Schwartz and Jessica MathewsAugust 28, 2024
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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't deadplaceholder alt text
By Orianna Rosa RoyleAugust 18, 2026
Personal Finance
Current price of oil as of August 18, 2026placeholder alt text
By Joseph HostetlerAugust 18, 2026
Personal Finance
Current price of silver as of Tuesday, August 18, 2026placeholder alt text
By Joseph HostetlerAugust 18, 2026
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