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The Latest Breaking News from Crypto

Texas Is Becoming a Bitcoin-Mining Capital. Can the Grid Handle It?

Despite the FTX crash, ERCOT continues to court the cryptocurrency industry.

Texas Observer

3 crypto storylines to follow

The news frenzy around FTX is finally abating as people look for new stories. Here's what to watch for.

Fortune

Gang kidnapped crypto trader, threatened him with machete and stuffed binbags in his mouth

The teenager was bundled into a car and hid hairs from the boot into his pockets in case he was murdered

Wales Online

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Scam attack on Ukrainian mother exposes flaw in UK bank safeguards

Woman who was conned out of £32,000 after she came to Britain was initially refused compensation because she used a debit card to transfer money from her account

The Guardian - UK

Tiantian Kullander: Founder of crypto company valued at $3bn dies ‘unexpectedly’ at age 30

Former Morgan Stanley and Goldman Sachs trader had made it to the Forbes 30 Under 30 list

The Independent UK

Singapore government faces parliament grilling over FTX fallout

Singapore’s government faces increased scrutiny over the fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire.

Bangkok Post

Tiantian Kullander, co-founder of crypto company Amber Group, dies suddenly, aged 30

Tiantian Kullander, affectionately known as TT, founded a multi-billion dollar digital asset company that lead him to make the prestigious 30-under-30 list.

ABC News

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Mark Cuban says he’d ‘be afraid of going to jail for a long time’ if he were Sam Bankman-Fried

The billionaire Dallas Mavericks owner still believes in crypto’s potential, but FTX founder Sam Bankman-Fried’s future could be bleak.

Fortune

Wall Street’s ‘Dr. Doom’ calls crypto ‘corrupt gambling’ and rips ‘proof of reserves’ trumpeted after FTX collapse

Nouriel Roubini warned on Saturday, “Crypto is corrupt gambling where the house always & systematically front runs the retail suckers that get rekt.”

Fortune

NYC mayor takes supportive tone after governor signs bill restricting crypto mining

NEW YORK — New York City Mayor Eric Adams took a supportive if somewhat cryptic tone after New York Gov. Kathy Hochul signed legislation this week limiting some cryptocurrency mining in the state, casting the new law as an acceptable step toward smart tech policy.

Tribune News Service

5 Lessons the Crypto Industry must learn from the FTX Disaster

A Web 3 veteran veteran shares five things that must happen for Web3 to recover and build back trust.

Fortune

‘I am not a rich person’: 30,000 Australian FTX customers left out of pocket after collapse

Exchange’s local administrators flooded with emails from investors, with claims of up to $1m to date

The Guardian - AU

'Metaverse' could be word of the year, Johnnie Walker launches an NFT, and Mattel creates an NFT marketplace

"Metaverse" is competing against two other terms for the Oxford English Dictionary's word of the year, plus NFT news from Johnnie Walker and Mattel.

Fortune

‘Foot massage to a criminal’: Elon Musk leads attacks on WSJ for Sam Bankman Fried article

Bankman Fried’s FTX is now reportedly under investigation by authorities in the US and the Bahamas after up to $2bn in client funds vanished

The Independent UK

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The Guardian - AU

Senator raises concerns over lack of checks for crypto businesses seeking financial services licences

Andrew Bragg says businesses promote themselves as regulated – despite there being no regulation of cryptocurrency in Australia

ABC News

ASX closes up, Euro stocks rise on hopes of smaller US rate hikes, Binance in $US1 billion crypto bailout

Australian shares close higher as European stocks rise on hopes of smaller interest rate rises from the US. Meanwhile, Binance announces a $US1 billion crypto bailout.

The Independent UK

$740M in crypto assets recovered in FTX bankruptcy so far

The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers

StockNews.com

3 Stocks to Avoid During the Crypto Crisis

The crypto market has witnessed a steep decline this year with investors’ declining appetite for high-risk/high-return assets amid the rising interest rates. As cryptocurrencies are expected to remain under pressure, it could be wise to steer clear of crypto-focused stocks Block (SQ), Coinbase Global (COIN), and Riot Blockchain (RIOT). Read…

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Los Angeles Times

Michael Hiltzik: Thinking of putting crypto in your 401(k)? Think twice

The federal government has some advice for workers contemplating adding bitcoin or another cryptocurrency to their retirement holdings: Don't.

Fortune

Crypto customers looking to write-off FTX investments for taxes will need to wait

FTX customers may be facing huge losses, but most are in a holding pattern until bankruptcy proceedings bring some clarity and order to how the failed cryptocurrency exchange's assets will be handled.

Fortune

Hey Sen. Warren, leave Bitcoin out of this

Elizabeth Warren's response to the FTX mess includes limiting access to Bitcoin.

The Guardian - UK

After the FTX crash, here’s what you need to know – the crypto bubble is already bursting

Ordinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand, says crypto consultant Carol Alexander

Tribune News Service

Crypto executives need to grow up or go the way of FTX, Riot Blockchain leader says

The highly publicized collapse of the crypto platform FTX is a wake-up call for crypto executives to act more professionally, one of crypto’s most prominent North Texas leaders says.

Fortune

Inside FTX’s crypto empire in the Bahamas

A Fortune reporter lays out details from his week in the Bahamas, uncovering the collapse of FTX.

The Guardian - UK

Founder of failed crypto exchange FTX apologises to ex-employees

Sam Bankman-Fried continues to say firm’s downfall can be solely explained by misplaced $8bn

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