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The Latest Breaking News from Crypto

Inside Gary Gensler’s efforts to remake the SEC

How a former Goldman Sachs banker became the most divisive SEC chair in decades.

Fortune

Wormhole raises $225 million at a $2.5 billion valuation, finalizing split from Jump Crypto amid firm’s recent pullback

Saeed Badreg, CEO of Wormhole Labs, said that raise was in exchange for future Wormhole tokens.

Fortune

Justin Sun Speaks Up After TRON, TUSD Drop Due To Terror Financing Allegations

The crypto entrepreneur immediately released a statement defending his crypto businesses after the decline the value of TRON dropped and TrueUSD de-pegged.

International Business Times

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Coinbase Alerts Customers About CFTC Subpoena Regarding Bybit Transactions

The platform warned customers that it may respond to the regulator's subpoena unless it is reversed by a court by Thursday.

International Business Times

Hong Kong crypto regulators under fire again after creators of Hounax exchange allegedly disappear with $19 million

The Hounax rugpull comes right after more than $120 million was stolen from the unlicensed JPEX exchange in September.

Fortune

With Sam Bankman-Fried in the slammer, now the fugitive crypto 'Lunatic' behind 2022's $40B crash is being extradited from his Montenegrin getaway

The question is whether he goes to South Korea or the US.

PC Gamer

TechScape: Why billions in sanctions can’t bring down Binance

In this week’s newsletter: Changpeng Zhao has pleaded guilty to breaking US anti-money-laundering laws but will the enforcement end there?

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Gary Gensler has remade the SEC into a crypto nemesis and climate warrior. Now a backlash is brewing

The combative former Goldman Sachs banker faces staff burnout, widening criticism from Congress, and a potential reckoning from hostile federal courts.

Fortune

70% Of Bitcoin's Circulating Supply Hasn't Moved For Over A Year: Bitfinex Report

These metrics show Bitcoin holders' reluctance to sell while buyers look for BTC supply, which is one of the factors why the king of crypto reached a new year-to-date high of $38,410 on Nov. 24.

International Business Times

Netflix Battles Rookie Series Creator in Arbitration After He Blows $55 Million on Fancy Cars, a Watch and Crypto

Netflix commissioned Carl Erik Rinsch, director of a single box-office bomb, to create a sci-fi series called 'Conquest.' That was a mistake

Broadcasting & Cable

Pro-crypto Majority Whip Tom Emmer says $4.3 billion Binance settlement shows U.S. doesn’t need new crypto laws

The lawmaker said current laws are suitable to “weed out bad actors.”

Fortune

Coinbase stock surges 18% in a week as CEO Brian Armstrong says Binance settlement closes ‘that chapter of crypto’s history’

“Building a company offshore, skirting regulation, it's just not going to work,” Armstrong said in an interview with CNBC in London.

Fortune

70% of jobs can be automated, McKinsey’s AI thought leader says—but ‘the devil is in the detail’

“We got it wrong many times with dotcom and crypto and a few other things,” said QuantumBlack’s Alexander Sukharevsky, but this is a “platform shift.”

Fortune

Binance’s new CEO on the post-CZ era and what comes next

Replacing a founding CEO is never easy. For incoming Binance CEO Richard Teng, the task will be even tougher than usual.

Fortune

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International Business Times

SEC Reports Having Trouble Issuing Legal Notices To HEX Founder Richard Heart

The SEC said its counsel was expected to report by Dec. 15, and if it failed to do so, the financial regulator would have to explore alternative services.

International Business Times

Beware: North Korean Hackers Allegedly Have New Modus Operandi To Steal Your Crypto

Malicious actors pretended to be officials from South Korea's National Pension Service, National Health Insurance, National Tax Service and National Police Agency to send phishing emails to recipients.

International Business Times

Binance's Changpeng Zhao Could Be Detained In The US, Spend A Decade In Jail

Zhao and the crypto exchange he founded, Binance, pleaded guilty to the DOJ's charge of one count of violating the Bank Secrecy Act.

Fortune

New Binance CEO Richard Teng says firm has ‘robust timeline’ for board, financial disclosures

In his first on-the-record interview, Binance’s new CEO explained how he will guide the company in the post-CZ era.

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International Business Times

BONE ShibaSwap Now Available On Binance, But There's A Catch

Last week, there were three transactions that transferred BONE tokens to a wallet associated with Binance. This activity sparked speculation about the potential listing of the Shibarium gas fee token on the exchange.

Zenger

Conservative Or Bold? Crypto Analyst Foresees Bitcoin Hitting $100K In Next Bull Market

Crypto expert and fund manager Dan Tapiero forecasts a bright future for Bitcoin (CRYPTO: BTC), projecting a significant surge in its value

Zenger

Mixed Trading For Cryptocurrencies As BlackRock Presents Plan For Bitcoin ETF

BlackRock showcases in-kind or in-cash redemption model for iShares Bitcoin Trust as SEC discusses Bitcoin ETF listing

International Business Times

Justin Sun Promises 'Epic Airdrop' To HTX, Poloniex Users Impacted By Crypto Hacks

Sun, who acts as an official representative of both crypto exchange platforms, shared his plans to not only cover the losses but also reward users.

International Business Times

Altcoin 'Finally Going To Break Out,' Expect 50% Rally: Crypto Analyst

A pending altcoin rally is on the horizon as notable trends show alternative coins are gaining strength, crypto analysts say.

International Business Times

Bitcoin Hits New Milestone As Nearly 84% Of BTC's Circulating Supply Is In Profit

The world's first-ever crypto asset continued to reach new heights as its price lingered between the $37,000 and $38,000 price territory.

Fortune

Beware of crypto grifters looking to crash the AI party

A prominent crypto founder offers a timely warning about those looking to hitch AI to the industry.

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