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The Latest Breaking News on Crypto

Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

ABC News

Australia charges four Chinese nationals over U.S.-based scam

Australian police charged four Chinese nationals on Friday over an online investment scam based mainly in the United States, which authorities said caused losses of more than $100 million across the world.

Reuters

US tips off Australia to $150m scam

The alleged Australian controllers of a $150 million global financial scam have been arrested after the US Secret Service alerted police.

AAP

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Disrupting the disruptors on the internet

After a decade of unconstrained growth -- when it seemed that a new billionaire was minted every day -- the tech industry has finally hit a rough patch. Elon Musk's erratic behaviour following his takeover of Twitter has left the financially leveraged platform in a precarious state. The crypto exchange…

Bangkok Post

The Federal Reserve is deflating financial bubbles, without a crash

The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.

Tribune News Service

The SBF media blitz's key messages

The FTX collapse is the irresistible trainwreck story in business right now, but all the coverage of its instigator might be serving his purposes, as much as the public interest.

Axios

'Elon Musk fired me over email - he's turning Twitter into a real-life Squid Game'

Mr Ihara worked for Twitter for ten years and was excited when the social media platform was snapped up by Elon Musk - but then he was fired without warning

Daily Mirror

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Editorial: Guilty as charged: The criminal Trump Organization stinks from the head

The Trump Organization, actually the Trump Corp. and the Trump Payroll Corp., (he does like flaunting his brand name) is guilty of multiple felonies, unanimously say 12 good citizens from Manhattan, an island jurisdiction that Donald Trump fled from.

Tribune News Service

How the fantasy world of Companies House is wrecking the lives of real people

Directors don't exist, and company that claimed to be based in Peckham seems to be run from Hong Kong

Daily Mirror

FTX founder Bankman-Fried facing market rigging probe: Report

Investigation is focused on whether Bankman-Fried manipulated the market for two cryptocurrencies, New York Times says.

Al Jazeera

AIS joins e-waste blockchain initiative

Advanced Info Service Plc (AIS), Thailand's biggest mobile operator by subscriber base, has joined hands with partners to launch an electronic waste blockchain system that allows users to track and trace e-waste through the recycling process and calculate carbon reduction scores.

Bangkok Post

COVID-19, vaccine misinformation 'spiking' on Twitter after Elon Musk fires moderators

The volume of COVID-19 misinformation has jumped alarmingly on Twitter, while anti-vaccination networks that had formerly been dispersed are already reforming and reorganising, according to research.

ABC News

Meet the ultrawealthy children of the world's richest man Bernard Arnault, vying to take over his LVMH empire in a real-life 'Succession' plot

LVMH chief Bernard Arnault briefly unseated Elon Musk as the world's richest man at $184.7 billion. Meet his kids, who run Tag HEUER, design Louis Vuitton watches, and more.

Fortune

Overshadowed by failures, crypto hacking exacts higher price

The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.

Tribune News Service

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The Independent UK

King cuts cake at event to mark organisation’s 40th anniversary

As Prince of Wales, Charles was the royal founding patron of Business in the Community.

Axios

The fate of Sam Bankman-Fried's investments

Sam Bankman-Fried invested billions into startups. Those companies are wondering what happens next.

Financial Times

FTX held talks with Taylor Swift over $100mn sponsorship deal

Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring

StockNews.com

Cathie Wood Keeps Buying These 2 Crypto Securities – Should You?

Following the FTX debacle, the crypto universe was hard hit. However, popular investor Cathie Wood keeps buying stocks from the crypto space despite the rising interest rates and recession risks. As investors access the macroeconomic risks, their risk-off approach will keep the cryptocurrency market under pressure. Therefore, it could be…

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news in one place.

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Fortune

Coinbase CEO Brian Armstrong says SBF's messy accounting excuse for FTX collapse doesn't explain $8 billion loss: 'Even the most gullible person should not believe Sam's claim that this was an accounting error'

“I don't care how messy your accounting is (or how rich you are)—you're definitely going to notice if you find an extra $8B to spend."

Evening Standard

How a deeper crypto crash in 2023 could spark a gold rush

Gold could be about to take off in 2023 should the collapse in crypto assets, including Bitcoin, continue

Axios

The IRS is coming for crypto — but it’s complicated

The agency wants to make sure those who dabble in digital assets pay their fair share of taxes

The Guardian - AU

Cryptocurrency exchange Swyftx axes 90 jobs with CEO blaming aftershocks of FTX collapse

Company expects further significant drops in trade and ‘the potential for more black swan-type events’

Al Jazeera

FTX’s Bankman-Fried says he will testify before US Congress

FTX founder says he will testify when he has ‘finished learning and reviewing’ collapse of cryptocurrency exchange.

Fortune

Sam Bankman-Fried’s ‘I screwed up’ messaging is about lawsuits and penalties vs. jail, says U.S. securities lawyer

FTX founder Sam Bankman-Fried “steered clear of anything that sounded like intentional misconduct,” said U.S. securities lawyer James Murphy.

Bangkok Post

Crypto's path to deep crisis is well-worn

Swiftly rising interest rates have punctured the cryptocurrency bubble, exposing fragility, bad governance and even fraud in many corners, most notably at the crypto exchange FTX. And FTX's spectacular collapse comes on the heels of other recent failures in the cryptosphere, such as Terra-Luna, Three Arrows Capital or Voyager Digital.…

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