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The Latest Breaking News on Crypto

Commentary: How Big Tech’s predatory culture fuels failures like Silicon Valley Bank

After 20 years of what appeared to be unstoppable growth, America’s tech industry has spent the past year underperforming the rest of the economy. Product failures in new industries like virtual reality and cryptocurrency, layoffs across the board, lower stock prices, and the failure of Silicon Valley Bank create a…

Los Angeles Times

Binance isn’t FTX. It’s much bigger and more systemically important to crypto

In every single corner of the crypto landscape, one name pops up: Binance.

Tribune News Service

The most striking claims in the CFTC’s lawsuit against Binance

The top U.S. derivatives regulator’s lawsuit against crypto giant Binance Holdings Ltd. and Chief Executive Officer Changpeng Zhao hammers at the company’s alleged concealment of rules violations in a breakneck pursuit of growth.

Tribune News Service

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South Dakota gov's veto of cryptocurrency regulations upheld

South Dakota’s House has failed to override Gov. Kristi Noem’s recent veto of a bill that would have created government regulations for the use of cryptocurrency in the state

The Independent UK

US regulator sues crypto exchange Binance and boss Changpeng Zhao

Complaint alleges firm grew US business despite stated intent to block US customers from platform

The Guardian - UK

WeTV joins forces with partnership and viewer communities,

Since the Covid-19 pandemic that has shifted the world, including the media industry, toward online activities and platforms, OTT platforms have been constantly on the rise.

Bangkok Post

Meta slammed over scam ads on Facebook featuring Australian TV personalities

TV networks Seven, Nine and Ten tell Senate inquiry that fake news stories and crypto scam ads featuring stars like David Koch and Karl Stefanovic are causing harm to consumers

The Guardian - AU

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Regulator orders Zipmex to clarify deal payments

The Securities and Exchange Commission (SEC) on Monday ordered cryptocurrency exchange Zipmex to clarify news that emerged on Friday regarding its Singapore parent not receiving the latest payment under its buyout agreement with venture capital firm V Ventures Technologies.

Bangkok Post

NFTs aren't dead, and Amazon's new digital art gallery could prove it

Will a new NFT marketplace launch next month?

Creative Bloq

Shanghai Composite Index Fell 0.44% on Monday

Shenzhen Component Index closed up 0.12%

Caixin Global

Black, Hispanic investors struggle with faith in crypto

Many Black and Latino investors were drawn to crypto by its promise to be pathway to wealth-building outside of a traditional financial system with long history of racial discrimination and indifference to the needs of low-income communities

The Independent UK

Two in five Australians gamble every week, report shows

New data from the Australian Gambling Research Centre has revealed the extent of harm gambling is causing to Australians.

AAP

Saudi Housing Sector Fundraising Campaign Recreates IPO Model

Saudi Arabia’s crowdfunding platform for home ownership Jood Eskan has launched a first-of-a-kind charitable campaign to raise SAR1 billion ($266 million) in donations during the Holy month of Ramadan. Titled ‘Ever-Green Stock,’ Jood Eskan’s charitable campaign is an IPO simulation that targets Saudi Arabia's most prominent corporations, institutions, and individuals.…

Asharq Al-Awsat

Venezuela arrests 21 in corruption crackdown, 11 more wanted

An expanding anti-corruption probe in Venezuela has led to the detention of 10 officials and 11 businessmen, the country's attorney general said on Saturday, adding that arrest warrants for 11 more people have been issued.

Reuters

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StockNews.com

2 Robinhood Stocks to Buy and Hold Forever

Wales Online

Cash-in-transit driver faked £920,000 armed heist as an 'inside man'

Andrew Measor handcuffed himself to his security van and then dialled for help using his nose. He operated as an "inside man" in the fake heist carried out by his accomplice Stefanos Cantaris.

Bangkok Post

Bailout of crypto exchange Zipmex falters

The rescue plan for the embattled regional crypto exchange Zipmex is beginning to fray after the company failed to receive the most recent payment due under a US$100-million venture capital buyout.

Bangkok Post

South Korea to seek extradition of crypto fugitive Do Kwon

South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges.

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Al Jazeera

Crypto founder Do Kwon indicted in US after Montenegro arrest

Co-founder of Singapore-based Terraform Labs faces eight charges, including securities fraud and wire fraud.

Salon

SEC sues Lindsay Lohan in crypto-scam

Lil Yachty, Akon and a porn star walk into a crypto shop . . .

The Guardian - UK

Man suspected of being crypto fugitive Do Kwon arrested in Montenegro

South Korean CEO of Terraform Labs is accused of multi-billion-dollar fraud involving TerraUSD and Luna currencies

The Guardian - US

FTC introduces proposal to make US subscriptions easier to cancel

Regulators plan to put an end to businesses ‘tricking’ customers into paying for services they no longer want

Chicago Sun-Times

Stop pawnbrokers from charging predatory interest rates of 240% on loans

The state’s Predatory Loan Prevention Act is working, we need to protect it, and the pawn industry must be included.

Asharq Al-Awsat

Saudi Arabia Works on Strengthening Legislation Frameworks to Combat Money Laundering

Saudi authorities have been keen on strengthening legislative and regulatory frameworks to combat money laundering crimes, confirmed Deputy Governor for Supervision at the Saudi Central Bank (SAMA) Yazeed AlSheikh. Speaking at the 14th Compliance and Anti-Money Laundering (CAML) seminar in Riyadh, AlSheikh reaffirmed that the Kingdom attaches great importance to…

Evening Standard

Lindsay Lohan, Akon and Ne-Yo pay thousands of dollars after illegal crypto promotion

None of the celebrities who paid fines admitted or denied the SEC’s findings

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