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The Latest Breaking News on Crypto

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

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.

The Independent UK

The fate of Sam Bankman-Fried's investments

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

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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

Financial Times

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…

StockNews.com

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."

Fortune

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

Evening Standard

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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

Axios

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’

The Guardian - AU

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.

Al Jazeera

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.

Fortune

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.…

Bangkok Post

FTX's Sam Bankman-Fried: "I screwed up"

"I had a responsibility here and a responsibility to be on top of what was going on the exchange. I wish I had done much better at that."

Axios

Crypto's Enron-sized scandal threatens to undermine its core reason to exist

The crypto industry was already facing a trust deficit, and this has set it back far.

Axios

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Fortune

Former FTX users say the failed crypto exchange was a 'Ponzi scheme.' Here's how Ponzis work

SBF, as Bankman-Fried was often called, says he didn’t commit fraud. But bankruptcy specialists say the findings so far are ‘pretty devastating.’

ABC News

Sam Bankman-Fried's FTX empire was meant to revolutionise cryptocurrency and save the world. It didn't

By the time his bank account hit zero, the man who insisted he would one day be the "world's first trillionaire" had left only a trail of destruction in his wake.

Fortune

Crypto billionaire Mike Novogratz says Sam Bankman-Fried ‘should go to jail,' as the ex-FTX billionaire worries about paying his lawyers

“The problem was, he took our money. And so he needs to get prosecuted,” says Novogratz, whose Galaxy Digital disclosed $76.8 million exposure to FTX.

The Guardian - UK

Boris Johnson hails blockchain ‘possibilities’ at Singapore conference

On post-No 10 lecture circuit, former PM says there must be ‘measures to protect public from Ponzi schemes’

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Bangkok Post

Crypto exchange Zipmex set for $100m buyout

The embattled cryptocurrency exchange Zipmex Asia is poised to be acquired by a venture capital fund for about US$100 million in digital coins and cash, one of the first rescues in Asia since a wave of defaults ripped through the sector.

Businessweek

11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall

Billions of dollars of customer money is missing, investigators are circling, and the 30-year-old ex-CEO admits his company broke its own rules.

Axios

U.S. Trustee moves for independent examiner in FTX bankruptcy

The examiner would likely produce a large and independent report from a perspective the trustee describes as a "true neutral."

The New Daily

Superannuation is no gamble – and there is no place for crypto

So would you like to gamble with your superannuation savings? Go down to the casino and put it all on red?

Chicago Sun-Times

Ex-FTX CEO Bankman-Fried says he didn’t ‘knowingly’ misuse clients’ funds

“I didn’t ever want to commit fraud on anyone. I was shocked at what happened this month,” Sam Bankman-Fried says.

Fortune

BlackRock's Fink predicts most crypto firms will go under

BlackRock CEO Larry Fink thinks that most crypto companies won't survive in the wake of Bankman Fried's FTX collapse.

France 24

Founder of collapsed crypto exchange insists he 'didn't ever try to commit fraud'

Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of…

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