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The Latest Breaking News from Crypto

3 events that will determine the fate of cryptocurrencies

Cryptocurrencies are reeling after a miserable year that saw the collapse of companies such as FTX. A look at what lies ahead.

WEKU

Bankman-Fried again claims FTX US crypto exchange was solvent

Sam Bankman-Fried, the fallen crypto entrepreneur who faces trial in the United States on fraud charges, reiterated his claim that the FTX US crypto exchange “was and is solvent.”

Tribune News Service

Latest FTX bankruptcy doc details spending $253 million on Bahamian property and $93 million on politicians

The bankrupt crypto exchange hopes to recover billions of dollars in assets.

Fortune

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NY crypto lawsuit has climate fallout

The lawsuit determines whether the state's Public Service Commission must consider emissions in its decision making

Salon

Cryptocurrencies are in crisis, but they are not going to disappear

Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.

The Conversation

Why the crypto world needs more Vitalik Buterins

A recent interview with Buterin in Ukraine underscores how the Ethereum creator is setting an example for other crypto leaders to follow.

Fortune

Crypto bank Silvergate reports $1 billion loss

The company's share price has plummeted following the collapse of its client, FTX.

Fortune

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TaxBit to acquire software startup Tactic to expand its crypto accounting services

TaxBit CEO Austin Woodward said the company plans to expand on Tactic's customer base of small and medium businesses and target larger companies.

Fortune

Bitcoin Relief Rally Spurs Big Crypto Gains

After ending the previous year deep in the red, cryptocurrency prices are soaring again on the back of sudden buying

Zenger

Is crypto about to go extinct?

It will likely survive, but only after more firms and currencies crash and burn. Here’s why.

Al Jazeera

What’s the true value of crypto? It lays bare the lies of libertarians

The downfall of the FTX cryptocurrency exchange proves how much markets need rules, writes Zoe Williams

The Guardian - UK

Seriously? The 3AC hedge fund bros are raising $25M for a new crypto exchange

After burning Three Arrows Capital investors, fugitives Kyle Davies and Su Zhu want money to start an exchange for crypto bankruptcy claims.

Fortune

Japan pushes global counterparts to regulate crypto like banks

Japan is urging the world’s regulators to treat crypto as strictly as they do banks, adding to the calls for tougher rules following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange.

Tribune News Service

Anthony Scaramucci Invests In Former FTX US CEO’s New Company Showing New Interest In Crypto

Skybridge Capital founder Anthony Scaramucci, who was among the featured speakers at Future Of Crypto event.

Zenger

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Fortune

Bitcoin soars past $20,000. Here's what's behind the recent rally

Bitcoin has broken out again after months at $17,000. Here are some theories to explain the recent rally.

The Orange County Register

Kings stumble against visiting Devils

LOS ANGELES – For one Saturday night, Los Angeles was the city of Devils as the Kings fell 5-2 to the visitors from New Jersey in an interconference clash at Crypto.com Arena.

USA Today Sports Media Group

Denver Nuggets vs. Los Angeles Clippers, live stream, channel, time, how to watch NBA

The Denver Nuggets and the Los Angeles Clippers will face off at the Crypto.com Arena on Friday night in a highly anticipated NBA matchup.

Chicago Sun-Times

Garcia tries to distance himself from indicted crypto mogul Sam Bankman-Fried

Under fire by Mayor Lori Lightfoot, U.S. Rep. Jesus “Chuy” Garcia said he has never met nor spoken to Bankman-Fried and has no idea why he spent $151,420 on direct mail pieces that introduced Garcia to voters of his newly remapped congressional district.

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The Guardian - US

Environmental group sues New York for approving crypto mining facility

Lawsuit argues move to allow energy-intensive cryptocurrency miner to take over power plant violates state’s 2019 climate law

The Times of India

Cryptos are nothing but gambling, their value only make-believe: RBI governor

MUMBAI: Reserve Bank governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their perceived “value is nothing but make-believe."

Fortune

Gary Gensler throws crypto investors under the bus—again

The SEC Chair continues to favor after-the-fact publicity stunts over constructive crypto regulation.

Fortune

This week in the metaverse: A new Bored Ape game, memecoin-themed NFTs, and a possible virtual bar from the makers of Absolut Vodka

Yuga Labs launches a new mint for existing Bored Ape NFT holders tied to a new game, plus news of a sold out meme-coin themed NFT collection, and a look at Absolut's idea for a virtual bar.

Fortune

Edward Jones's CEO is steering clients away from 'fads' like crypto

Investment fads like crypto will never be part of Edward Jones's offerings, CEO Penny Pennington says.

Tribune News Service

FTX’s Sam Bankman-Fried launches newsletter to defend himself: ‘I didn’t steal funds’

Disgraced cryptocurrency CEO Sam Bankman-Fried launched a newsletter Thursday in his latest attempt to defend himself.

Tribune News Service

Mark Cuban to be deposed in Voyager Digital lawsuit for promoting defunct crypto platform

Billionaire Mark Cuban will be questioned under oath in February about promoting the now-bankrupt crypto platform Voyager Digital.

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