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The Latest Breaking News from Crypto

The Fidelity CEO’s surprise record as a crypto visionary

Fidelity’s Abigail Johnson has had the vision and courage to pursue a strategy even when her Big Finance peers shied away.

Fortune

Bitcoin Miners Celebrate US Treasury’s New Tax Clarity

U.S. Treasury Department gave clarity to Bitcoin miners with a 300-page proposal under 2021 Infrastructure Investment and Jobs Act

Zenger

Circle’s CEO on the future of crypto regulation after the crypto winter and FTX’s failure in 2022

"A lot of the ideas that we have about how money moves around are going to change," Jeremy Allaire says on this week's Leadership Next podcast.

Fortune

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Binance says intel shared with authorities led to capture of senior ISIS members in Asia

Binance says it worked with crypto forensics firm TRM and the National Bank of Tajikistan to identify members of the terrorist cell.

Fortune

Lawyer wails that jailed crypto king is 'subsisting on bread and water', judge says she's 'reasonably confident' that's not the case

Sam Bankman-Fried's bail was revoked earlier this month, and he's now being detained until his trial.

PC Gamer

Coinbase pushes deeper into derivatives—but how many people want to buy them?

Products like futures and perpetual swaps are great for professional traders but don’t capture the early spirit of crypto.

Fortune

Treasury, IRS roll out long-delayed crypto tax reporting rules - Roll Call

The Biden administration on Friday issued proposed regulations to implement a key revenue-raiser from the 2021 infrastructure law.

Roll Call

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These 3 Buy-Rated Bitcoin Mining Companies Are Poise To Run!

Want to invest in crypto, but not directly in a coin? Here's 3 buy-rated companies with more than 100% upside potential.

Barchart

Mastercard to end prepaid crypto card program with Binance after calling partnership ‘exciting step in our crypto journey’

The breakup follows two lawsuits from the U.S. federal government against the world’s largest crypto exchange.

Fortune

FTX wants to repay creditors in cash, and the bankrupt crypto exchange wants Mike Novogratz’s Galaxy to help

The company previously said that it held $3.4 billion in cryptocurrency.

Fortune

Bitcoin sees sudden 4% uptick after investors anticipate lower likelihood of interest rate hike in September

The upswing follows a recent crash in the crypto market amid economic unease.

Fortune

Why jailed FTX co-founder Sam Bankman-Fried is unlikely to have access to Adderall

NEW YORK: Life at Brooklyn’s notorious Metropolitan Detention Center has proved challenging for disgraced former crypto CEO Sam Bankman-Fried.

The Times of India

Friend.tech is crypto's latest craze—it's terrible but for one thing

The hot new app offers a "marketplace" to buy and sell shares in people.

Fortune

Bitcoin, Ethereum, Dogecoin Rise In Sync With Stock Markets: Analyst Warns ETH ‘Coming Home’ Before Touching All-Time Highs

Major cryptocurrencies experienced gains on Wednesday evening, aligning with the notable surge in traditional markets

Zenger

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Fortune

RECUR, once worth more than $300 million, is just the latest NFT venture to crash and burn

The startup, which hosted the IP of large brands like Hello Kitty, Paramount Pictures, and Nickelodeon, cited “significant shifts in the business landscape.”

Al Jazeera

US charges crypto founders over alleged support for North Korean hackers

US officials allege Tornado Cash facilitated $1bn in money laundering transactions for North Korea’s Lazarus Group.

Fortune

XRP has erased almost all of its gains following the landmark SEC v. Ripple ruling. What happened?

The cryptocurrency doubled in value and then almost halved in price in just one month.

The Independent UK

Founders of crypto mixer arrested, sanctioned after US cracks down on Tornado Cash

U.S. government officials on Wednesday started cracking down on co-founders of the virtual currency mixer Tornado Cash, just days after a federal judge decided that the government had the authority to sanction them

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Zenger

Bitcoin, Ethereum, Dogecoin Trade Mixed As Investors Await Jerome Powell’s Jackson Hole Speech: Analyst Predicts Dark Times Ahead For BTC, ETH

Major cryptocurrencies recorded a mixed trading session on Tuesday evening after Balancer decentralized crypto trading projects

Fortune

Beware of pig butchering. Romance and investment crypto scams are on the rise, says Binance

How to watch out for the growing scheme.

Fortune

Future of Finance: Guillaume Poncin joins Alchemy from Stripe to help bring DeFi to the masses

Poncin talked about his move to Alchemy, the promise of programmable money, and why most of Web3 has yet to be built.

Fortune

Web3 app Friend.tech lets influencers literally cash in on their follower counts

The app, which debuted in closed beta earlier this month, has already generated tens of millions of dollars in fees.

Capital & Main

Pennsylvania Battle Over Climate-Warming Crypto Mines Intensifies

Legislation aims to rein in an unregulated industry with ballooning environmental effects.

The Times of India

Indian crypto exchange CoinDCX cuts staff by 12%

Indian cryptocurrency exchange CoinDCX is reducing its staff by 12%, after the platform’s revenues were hit by an ongoing slump in virtual currency trading.

Fortune

Binance claims it adheres to Western sanctions in Russia. At least 5 blacklisted lenders are still processing payments for the exchange

The exchange is also reportedly in the midst of an investigation from the Justice Department.

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