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The Latest Breaking News from FTX

Why did we need cryptocurrency?

It's deeply surprising that investing in money that isn't money, at a bank that isn't a bank, didn't go well

Salon

Chelsea have encountered £20m problem Liverpool shouldn't ignore

Chelsea are to see their £20m per year sleeve sponsorship ended with cryptocurrency firm WhaleFin

Liverpool Echo

Sam Bankman-Fried will testify before Congress

Uncertainty looms over next week’s hearings on FTX’s collapse.

Fortune

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

Former FTX chief Sam Bankman-Fried to testify before Congress next week

‘There is a limit to what I will be able to say, and I won’t be as helpful as I’d like,’ crypto founder says

The Independent UK

Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

Fortune

FTX’s Sam Bankman-Fried to testify before Congress next week

Founder and former CEO says he could talk about what he thinks led to crash and ‘my own failings’

The Guardian - US

Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

ABC News

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Disrupting the disruptors on the internet

After a decade of unconstrained growth -- when it seemed that a new billionaire was minted every day -- the tech industry has finally hit a rough patch. Elon Musk's erratic behaviour following his takeover of Twitter has left the financially leveraged platform in a precarious state. The crypto exchange…

Bangkok Post

Hivemapper wants to be a crypto-powered Google Maps, but insider tokenomics and product delays could foil the $18M plan

Will the company turn into the next Helium?

Fortune

The SBF media blitz's key messages

The FTX collapse is the irresistible trainwreck story in business right now, but all the coverage of its instigator might be serving his purposes, as much as the public interest.

Axios

Senate Banking Committee: Sam Bankman-Fried will be subpoenaed if he doesn’t agree to attend FTX hearing

After weeks of waffling, the disgraced FTX founder faces an ultimatum.

Fortune

FTX founder Bankman-Fried facing market rigging probe: Report

Investigation is focused on whether Bankman-Fried manipulated the market for two cryptocurrencies, New York Times says.

Al Jazeera

Taylor Swift avoids FTX lawsuits after a $100 million deal with the crypto exchange fell apart earlier this year

Sam Bankman-Fried’s employees at FTX, which struck deals with Tom Brady and Steph Curry, said it “was too expensive from the beginning.”

Fortune

SEC Chair says the 'runway is getting shorter' for crypto companies

The Securities and Exchange Commission chair said “the runway is getting shorter” for crypto companies.

Fortune

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Tribune News Service

Overshadowed by failures, crypto hacking exacts higher price

The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.

Axios

The fate of Sam Bankman-Fried's investments

Sam Bankman-Fried invested billions into startups. Those companies are wondering what happens next.

Fortune

Maxine Waters and SBF. It's complicated

Rep. Maxine Waters is asking Sam Bankman-Fried to testify before Congress—if he does, the encounter could make them both uncomfortable

Financial Times

FTX held talks with Taylor Swift over $100mn sponsorship deal

Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring

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Fortune

GameStop just became the latest tech company to lay off workers—and it’s cut down on its crypto team

“Super sad to say I was a part of the layoffs today at GameStop,” one software engineer wrote on LinkedIn.

StockNews.com

Cathie Wood Keeps Buying These 2 Crypto Securities – Should You?

Following the FTX debacle, the crypto universe was hard hit. However, popular investor Cathie Wood keeps buying stocks from the crypto space despite the rising interest rates and recession risks. As investors access the macroeconomic risks, their risk-off approach will keep the cryptocurrency market under pressure. Therefore, it could be…

Fortune

The crypto billionaire who helped expose SBF's insolvency calls him 'one of the greatest fraudsters in history' and accuses media and thought leaders of being manipulated

Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.

Fortune

A bankruptcy court is allowing the busted crypto lender Celsius to hand out $2.8 million in bonuses to keep employees from quitting

“We’re getting really down to the nub of what we need to continue to function,” the company’s lawyer said during the court hearing.

Fortune

'Ripping the bandaid'—Solana cofounders talk SBF, FTX, and what comes next

“We've always heard really negative criticism about FTX’s involvement in the ecosystem and that concentration of ownership stake," Solana cofounder Raj Gokal told Fortune. "So, it feels like ripping the bandaid.”

Fortune

ConsenSys CEO Joe Lubin addresses MetaMask privacy concerns

The DeFi wallet has been at the center of a debate over decentralization.

Roll Call

Overshadowed by failures, crypto hacking exacts higher price - Roll Call

The cryptocurrency business is losing more money to hackers, losses that have been overshadowed by the high-profile failures in the sector.

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