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The Latest Breaking News on Crypto

Changpeng Zhao: another crypto king is dethroned by America’s courts

Weeks after the Bankman-Fried trial, the billionaire founder of the largest cryptocurrency exchange has been fined $50m and resigned

The Guardian - UK

Binance Hit With $4.3B Justice Department Penalty: Yellen Says Crypto Exchange ‘Turned A Blind Eye’ To The Law

Binance admitted guilt to federal charges Tuesday as part of resolution with U.S. Justice Department amounting to over $4 billion

Zenger

World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns

Binance crypto exhange was facing scrutiny from federal regulators including the Commodity Futures Trading Commission and the Departments of Justice and Treasury

The Independent UK

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Binance crypto exchange founder to step down amid US illicit finance probe

US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.

Al Jazeera

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

WEKU

Karnataka Bitcoin scam: SIT to source high-end tool to track trail of transactions

The Special Investigation Team (SIT) of the Criminal Investigation Department (CID), which was constituted to probe the bitcoin scam that unfolded during the previous BJP rule, will source a high-end tool to unearth the trail of bitcoins moved by the accused Srikrishna Ramesh aka Sriki.

The Hindu

SCOTUS takes up second Chevron case, bump stock ban challenge

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

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More than half of Black Friday shoppers ‘set to put spending on credit’

Out of those spending, more than half are set to use a form of credit and a further 21% will borrow money from friends and family, TSB said.

The Independent UK

‘Sriki moved Bitcoins worth ₹10 crore in just 22 minutes from inside quarantine cell in Parappana Agrahara’

Notorious hacker Srikrishna Ramesh (Sriki), who was inside a quarantine cell at Parappana Agrahara after he was arrested in 2020, allegedly moved Bitcoins worth ₹10 crore to different wallets using a laptop that was smuggled into the prison, unleashing the Bitcoin scam

The Hindu

Bitcoin, Ethereum, Dogecoin Drop, New Report Suggests Absence Of SEC Decision On Spot BTC

The cryptocurrency market experienced a drop on Thursday evening after a wave of sell orders was positioned

Zenger

Steroid smuggling gang member ordered to hand over £9.8m

The steroids would be sold to bodybuilders and fitness fanatics on the black market

Evening Standard

Crypto Mining Rigs Hidden in Polish Court Building to Steal Electricity

Criminals have been caught stealing power for running cryptomining gear under the floors and in ventilation ducts of the Supreme Administrative Court in Warsaw, Poland.

Tom’s Hardware

Full Extent of COVID Fraud Will 'Never Be Known With Certainty'

A new GAO report details federal prosecutors' attempts to put the horse back in the barn.

Reason

EXCLUSIVE: How Google Is Tapping Into Its Own DNA To Help Fuel The Growth Of Web3

Alphabet Inc is using its deep-rooted technology experience to help Web3 companies pull the right levers in the crypto world

Zenger

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Kiplinger

Scams: Senior Investors Targeted As Crypto Payment Use Grows

Crypto investment scams are climbing, costing senior victims about $35,000 each last year, the FBI reports.

The Guardian - UK

How did Sam Bankman-Fried attract investors? Well, Fomo probably helped

The cryptocurrency fraudster talked a lot of venture capitalists into pouring millions of dollars into his business. Maybe they should be more careful next time

WEKU

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

The Guardian - UK

Digested week: Ivanka Trump provides the calm after the storm

Donald Trump’s daughter fulfils her filial role. Plus, De Niro in the dock and Fiona on the farm

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The Guardian - UK

Ex-minister Gavin Williamson warned as he takes job at payment card provider

Advisory committee on business appointments tells MP he must not utilise contacts in government in Lanistar role

Zenger

Ripple Upgrades Payments Platform, Expands Business Interests In US And Africa

Ripple boosts payments platform to expand in US & Africa, partners with African fintech Onafriq

Kiplinger

Users of Fintech App Brigit to Get $18M in Refunds

The fintech app falsely promised cash-strapped users instant cash advances and locked them into monthly memberships that they couldn't cancel, the FTC charges.

Radio France Internationale

French FTX cryptocurrency clients welcome Bankman-Fried guilty verdict

French victims of the collapse of the FTX cryptocurrency exchange were pleased with the guilty verdict handed down to founder Sam Bankman-Fried by a jurry in New York, even as they have yet to see any of their money recovered from the collapse of the company a year ago.

Tom’s Hardware

Crypto Mining Version of RTX 2080 Ti Crippled By PCIe Lanes in Gaming Test

Nvidia didn't want anyone gaming on its CMP GPUs for crypto mining, and removing PCIe lanes was part of its solution to block such use. But what happens if you try to work around the limitations?

Chicago Sun-Times

WeWork seeks bankruptcy protection in stunning fall for a firm once valued at close to $50B

WeWork, which has locations in Chicago, is also requesting the “ability to reject the leases of certain locations” that the company says are largely non-operational, as part of the filing.

The Guardian - UK

The problem with tech bro philanthropy

They claim altruistic motives, but billionaires’ favoured brand of do-gooding, which allows no scrutiny or pluralism, is worse than unhelpful, writes Zoe Williams

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