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The Latest Breaking News from Cryptocurrency

Coinbase, the biggest US cryptocurrency exchange, posts $557 million loss in Q4

NEW YORK: Coinbase Global Inc, the biggest US cryptocurrency exchange, posted a $557 million loss and saw revenue tumble 75% in the fourth quarter as trading volumes plunged amid a series of prominent industry bankruptcies and scandals.

The Times of India

Galois Capital—which shorted crypto fraud Terra—can’t avoid contagion of FTX

Galois has agreed to sell its claim against FTX.

Fortune

Beijing quietly backing HK crypto plans

HONG KONG: In October, Hong Kong rolled out the red carpet for cryptocurrency businesses to help revitalise the embattled financial hub. Signs are now emerging that the push has under-the-radar backing from Beijing, providing impetus for mainland Chinese firms to return.

Bangkok Post

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SEC charges former Celtic Paul Pierce with fraudulent promotion of cryptocurrency

Former Celtic Paul Pierce agreed to pay $1.3 million in fines following SEC charge of misleading cryptocurrency promotions.

USA Today Sports Media Group

Michael Hiltzik: The government crackdown on crypto is well underway. Get out while you can

The sun may be setting on the cryptocurrency craze. If you're an investor or even just a curiosity-seeker on the fringes of this financial segment, you might want to prepare for its demise.

Los Angeles Times

The 5 best cryptocurrency apps and exchanges for February 2023

We compared various crypto apps and exchanges and weighed account minimums, cryptocurrency offerings, fees, mobile app ratings, and more.

Fortune

US moves to tighten regulations on crypto sector

The United States is taking a step towards protecting cryptocurrency investors, as the Securities and Exchange Commission moves towards new regulations. Tim Byun, Global Government Relations Officer at OKX, speaks to FRANCE 24 about the potential implications for the industry, and how the collapse of FTX affected public perception of…

France 24

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'Financial criminals love crypto' and other takeaways from a Senate hearing on cryptocurrency

WASHINGTON — A Senate panel met Tuesday morning to hear from a trio of expert witnesses about what the federal government can do to create safeguards for digital assets such as cryptocurrency.

Los Angeles Times

Sam Bankman-Fried summoned to NYC by judge over bail rules

FTX founder Sam Bankman-Fried has been ordered to return to a New York courtroom Thursday after the judge assigned to his fraud case said he's communicating with others in ways the government can't monitor

The Independent UK

As Deepfakes Flourish, Countries Struggle With Response

software that allows people to swap faces, voices and other characteristics to create digital forgeries — has been used in recent years to make a synthetic substitute of Elon Musk that shilled a cryptocurrency scam, to digitally “undress” more than 100,000 women on Telegram and to steal millions of dollars…

Asharq Al-Awsat

Best and worst Super Bowl 2023 commercials: Yes to a Pepsi with Ben Stiller, less yes to this ‘Caddyshack’ reboot

Huh. Where’d all the cryptocurrency go?

Chicago Tribune

Cryptocurrency exchange Kraken to shut down staking service for US users, pay $43 million in fines

The settlement marks the regulator's first crackdown on staking, a common service offered at both centralised and decentralised crypto exchanges, including most of the major exchanges such as Coinbase and Binance.

ABC News

Super Bowl 2023: The 10 most controversial Super Bowl ads ever

From robot suicide to cryptocurrency, the Super Bowl has been known to air controversial ads during the big game

The Independent UK

SEC preparing disclosure rules for crypto exchanges

The Securities and Exchange Commission (SEC) is preparing to require cryptocurrency exchange operators to disclose the risks involved in their trade, the regulator said on Thursday.

Bangkok Post

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The Independent UK

Embattled FTX founder Sam Bankman-Fried bucks legal norms and keeps talking in fraud case

Sam Bankman-Fried, the founder and former CEO of FTX, has been unusually talkative following the November collapse of the cryptocurrency exchange and his subsequent indictment on fraud and other charges

Chicago Tribune

Jesús ‘Chuy’ García's congressional campaign says it will return Bankman-Fried money to investors

CHICAGO — Chicago mayoral candidate Jesús “Chuy” García’s congressional campaign says it will cut a check for $2,900 to repay clients of a collapsed cryptocurrency exchange the same amount of money the disgraced former head of the business contributed to García’s reelection war chest.

Fortune

Investors still trust anonymous crypto founders with millions—even after the FTX meltdown

Crypto investors have put millions into ventures run by 'anons.' Sam Bankman-Fried and the FTX collapse have only strengthened their faith.

The Independent UK

FTX founder keeps talking, ignoring typical legal strategy

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Fortune

Binance executive says balance sheet audit is ways off

After the fall of FTX, cryptocurrency exchanges have been pressured to show that their customers’ assets are secure.

Fortune

Former Coinbase employee admits to insider trading

This is the first time an insider has admitted guilt in an insider-trading case involving cryptocurrency, the Justice Department said in a statement.

The Independent UK

Super Bowl 2023: The 10 most controversial Super Bowl ads ever

From robot suicide to cryptocurrency, the Super Bowl has been known to air controversial ads during the big game

Newsroom.co.nz

IRD wants visibility of crypto assets

Greater visibility over who in New Zealand owns cryptocurrency would reduce tax avoidance, tax officials told the Revenue Minister.

Bangkok Post

Bangkok lauded as global hub for cryptocurrencies

Bangkok has emerged as the world's 10th largest crypto hub, according to new research from cryptocurrency tax software company Recap.

Chicago Sun-Times

Fox sells out Super Bowl ads this year

Anheuser-Busch remains the biggest advertiser with three minutes of national airtime. And after making a splash last year, cryptocurrency companies won’t have a presence Sunday.

The Guardian - US

Bankrupt FTX exchange asks for its political donations to be returned

Cryptocurrency exchange and its debtors seek refund of money donated by company’s founder Sam Bankman-Fried

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