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The Latest Breaking News from Crypto

Crypto player Kraken to exit Japan amid sector’s annus horribilis

US-based cryptocurrency exchange’s announcement comes amid plummeting asset values and sector-wide reckoning over FTX.

Al Jazeera

US probes how $372 million vanished in hack after FTX bankruptcy

Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last month.

Tribune News Service

Crypto will survive FTX, Sam Bankman-Fried

Today, there are people all over the world committed to cryptocurrency's endurance.

Axios

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

Emails reveal Sam Bankman-Fried’s courtship of federal regulators

ALAMEDA, Calif. — Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system.

Los Angeles Times

Crypto's very bad year yielded even worse falls from grace. Here's a list.

Some of the industry’s biggest names fell from historic highs historically quickly.

Fortune

Tory minister's Twitter account 'hacked' and flooded with Elon Musk and crypto tweets

A TORY minister's Twitter account has changed its profile picture to an image of Elon Musk while promoting a fake cryptocurrency event after being…

The National (Scotland)

Tory minister's Twitter account hijacked by crypto fraudsters in embarrassing hack

Education Secretary Gillian Keegan’s Twitter account started sending messages promoting cryptocurrency - raising fresh questions about the security of ministers' phones

Daily Mirror

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Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

"While there's money involved, I don't think any of us would call on [regulators] to supervise online massive multiplayer games," argued Stephen Cecchetti.

Fortune

Thanks to FTX, regulating crypto should be easy

As the demise of the FTX crypto empire unfolds — on Twitter, in bankruptcy proceedings, in congressional hearings and potentially in criminal court — lawmakers and regulators are grappling with a question: What, if anything, should they do to civilize a market so rife with abuse?

Tribune News Service

Judge kept FTX execs' plea deals secret to get founder to US

A judge agreed to keep secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so that the cryptocurrency entrepreneur would not change his mind and fight extradition from the Bahamas to the United States

The Independent UK

It was the end of easy money that took the shine off tech in 2022

City comment: After a period of naïve optimism and financial malpractice, it’s time for the tech sector to snap back to reality

Evening Standard

A 'kitchen sink' approach won't work for DeFi legislation

DeFi has unique pros and cons, and it requires unique oversight.

Fortune

Michael Hiltzik: Musk's genius, Putin's prowess and other victims of the Year of Fails

'Tis the holiday season, when we pundits look back at the most uplifting moments of the last year and ahead to what may gladden our hearts in the next.

Los Angeles Times

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

Al Jazeera

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WEKU

North Korea has hacked $1.2 billion in crypto and other assets for its economy

North Korean hackers have stolen an estimated $1.2 billion in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea's spy agency says.

Fortune

In a banking industry first, neobank Cogni adds noncustodial Web3 wallet

Digital bank Cogni appears to be the first FDIC-insured bank to offer a noncustodial wallet to customers.

Evening Standard

Crooks pose as Goldman Sachs bankers on WhatsApp to promote dodgy crypto schemes

Brits have lost more than £600 million to fraud in the first half of 2022 alone

The Independent UK

FTX founder Bankman-Fried to make 1st US court appearance

The cryptocurrency entrepreneur Sam Bankman-Fried is expected to make his initial U.S. court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform

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news in one place.

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Axios

Coinbase CEO Brian Armstrong talks FTX, crypto regulation and DeFi

The crypto industry suffered a big black eye, but it isn't going anywhere, Armstrong says.

The Independent UK

Seoul: North Korean hackers stole $1.2B in virtual assets

South Korea's spy agency says North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone

Los Angeles Times

Healthy Clippers put it together in blowout win over Hornets

The first sign that things were different for the Clippers wasn’t seen so much as it was heard, some 90 minutes before Wednesday’s tipoff. It was the sound of sneakers on cement flooring reaching full speed down a hallway leading from the court to the team’s Crypto.com Arena locker rooms.

USA Today Sports Media Group

Charlotte Hornets vs. Los Angeles Clippers, live stream, preview, TV channel, time, how to watch the NBA

The Charlotte Hornets are set to take on the Los Angeles Clippers on Wednesday night from the Crypto.com Arena.

Bangkok Post

SEC issues warning for Zipmex deals

The Securities and Exchange Commission (SEC) is warning investors to carefully review individual agreements proposed by crypto exchange Zipmex before deciding to make a deal with the company.

The Conversation

Fuelled by hope and fear, cryptocurrency markets are primed for contagion

Financial contagions can be triggered easily, if conditions are right. First one financial institution falls and then others follow, like a chain of falling dominoes.

The Independent UK

Wyoming bullishly courts crypto, even after collapse of FTX

For decades, Wyoming has sought to escape the boom-and-bust cycles of its fossil-fuel-driven economy

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