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The Latest Breaking News from Cryptocurrency

Three Arrows Capital to become latest casualty of crypto crash

Crypto hedge fund facing collapse after claims of $650m default on loan to Voyager bank

The Guardian - UK

Someone Just Sent $93M In Bitcoin Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $93,917,465 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1qsmp3rg7tdx749r8l3zvzetkmqdgdf056petlzq

Benzinga

Cathie Wood Defends Coinbase Allocation: Crypto Revolution 'Will Not Be Stopped'

Ark Investment Management founder and CEO Cathie Wood explained why her company's flagship fund has maintained a strong allocation in cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN), in an interview with

Benzinga

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Why Is Dogecoin Slumping Today?

Dogecoin (CRYPTO: DOGE) traded 8.35% lower at $0.065 over 24 hours leading up to the early hours of Wednesday. The meme cryptocurrency declined along with the global cryptocurrency market cap, which fell 3.75% to $902.3 billion at press time.

Benzinga

Some Crypto Exchanges Are 'Secretly Insolvent' And 'Too Far Gone,' FTX Chief Tells Forbes

Sam Bankman-Fried, founder and CEO of crypto exchange FTX, warns that some cryptocurrency exchanges may already be insolvent and that failures are imminent.

Benzinga

How Bitcoin Crash Could Hurt Kim Jong-Un's Weapons Tests

A plunge in the prices of cryptocurrencies has dwindled the value of digital coins stolen by North Korean hackers, potentially denting a key source of funding Kim Jong-Un would require to fund his ambitious weapons programs.

Benzinga

Snoop Dogg: Crypto Crash 'Weeded Out' Everyone Who Wasn't Supposed To Be There

American rapper and NFT enthusiast Snoop Dogg believes that every great industry goes through a downfall and cryptocurrency will surely bounce back.

Benzinga

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Crypto Exchange Reveals 'Bitcoin Jesus' Roger Ver Owes It $47M: What Next?

CoinFLEX CEO Mark Lamb has publicly revealed that Roger Ver is the high net worth client who owes the cryptocurrency exchange $47 million. What Happened: In a series of tweets on Tuesday, Lamb said that Ver owes $47 million worth of USDC.

Benzinga

Jonathan Jackson wins 1st District congressional race, Danny Davis leads in 7th

The son of Rev. Jesse Jackson Sr. beat 16 other Democrats, while longtime Congressman Davis defeated a progressive rival.

Chicago Sun-Times

Bitcoin, Ethereum, Dogecoin Slip Alongside Weaker Stocks: Analyst Says Altcoins 'Showing More Strength'

Bitcoin and other major cryptocurrencies showed weakness Tuesday evening as the global cryptocurrency market cap slipped 2.8% to $908.1 billion at press time.

Benzinga

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes.

Reuters

3AC defaults on loan worth $670m

Three Arrows Capital (3AC), a prominent crypto hedge fund, defaulted on a loan worth over US$670 million, prompting a steep fall in Bitcoin's price to below $21,000.

Bangkok Post

Morgan Stanley: Proof-of-Stake Won't Fix Ethereum's Problems, But There Is A Silver Lining

A transition to a fully proof-of-stake (PoS) consensus mechanism, dubbed "the merge" by cryptocurrency enthusiasts, won’t fix Ethereum’s (CRYPTO: ETH) issues, according to

Benzinga

Scots warned of 'worrying' surge in cryptocurrency scams

SCOTS are being urged to remain vigilant amid a “worrying” spike in cryptocurrency scams.

The National (Scotland)

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Benzinga

$100 Invested In Robinhood Right Now Would Be Worth This Much If It Hits Same Level As At Height Of Dogecoin Mania

Robinhood Markets, Inc. (NASDAQ: HOOD) rallied strongly on Monday amid rumors that cryptocurrency exchange FTX could be eyeing acquiring the trading app.

Tribune News Service

Labor Department warning opens divide on crypto in 401(k) plans

WASHINGTON — Lawmakers and investor advocates are ringing alarms over the idea of allowing cryptocurrency into 401(k) and other retirement plans, especially after a turbulent month that saw some projects implode and other cryptocurrencies go into free fall.

Roll Call

Labor Department warning opens divide on crypto in 401(k) plans - Roll Call

The Labor Department's warning about cryptocurrencies in 401(k) plans has opened a debate about whether investors can opt for such risks.

Liverpool Echo

Santander warning as savers left out of pocket

The banking giant wants people to be aware over a surge in scams

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The Independent UK

‘Worrying rise’ in crypto scams claiming to be celebrity-endorsed seen by bank

People are losing £11,872 on average to this type of scam, Santander UK said.

Benzinga

EOS Is 'Ethereum On Steroids?' Vitalik Buterin Serves Sarcasm On Twitter

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin recalled an old joke about cryptocurrency project EOS (CRYPTO: EOS) on Twitter Inc (NYSE: <

Benzinga

Bitcoin, Ethereum, Dogecoin Fall: Why Apex Crypto Is 'Trapped' In Tight Range For Now

Major coins remained rangebound around psychologically important levels Monday evening as the global cryptocurrency market cap retreated 0.85% to $934.25 billion at press time. See Also: How To Get Free NFTs

Benzinga

Robinhood Shares Pop On Takeover Talk, FTX CEO Has This To Say On M&A Chatter

Stock and cryptocurrency platform Robinhood Markets (NASDAQ: HOOD) saw shares surge Monday as it was reported the company could soon be acquired. Here’s the latest.

Benzinga

Can Cryptocurrency And DAOs Help Fundraise For Abortion Rights Groups? CowgirlDAO Leads The Way

The decision by the U.S. Supreme Court to overturn Roe v. Wade could have a huge impact on access to abortions. The cryptocurrency and NFT sectors have been taking note for months of a potential ruling and are raising money to support one another. Here’s the latest.

Benzinga

Dogecoin Sees 118% Surge In Large Transactions Over 24 Hours

Meme-based cryptocurrency Dogecoin (CRYPTO: DOGE) saw a triple-digit percentage increase in high value transactions on Monday.

Benzinga

Commodity Or Security? SEC Chairman Gary Gensler Gives His Take On Bitcoin

Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), stated that Bitcoin (CRYPTO: BTC) stands as the only cryptocurrency he would deem a commodity, considering others to be a security.

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