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The Latest Breaking News from Crypto

Cristiano Ronaldo faces $1B class-action lawsuit for promoting for Binance NFTs

Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance

The Independent UK

Abu Dhabi and Asia show crypto is charging ahead—with or without the U.S.

The U.S. has good reasons to stifle crypto—but what's happening elsewhere shows the genie is out of the bottle.

Fortune

Sinbad crypto mixer used by North Korean Lazarus Group seized by US government

The Sinbad cryptomixer has been taken offline, but will this stop Lazarus from laundering its funds?

TechRadar

From analysis to the latest developments in health,
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FTX Wins Court Approval To Sell Nearly $900M Worth Of Grayscale, Bitwise Trust Assets

FTX's stakes in these trusts would be sold in a manner that increases their value and does not impact the broader digital investment market, the court filing read.

International Business Times

Mark Cuban Expresses Interest In Transformative Crypto Real Estate Project

Billionaire investor explores blockchain-based smart contracts and NFTs for urban development.

Zenger

Treasury’s Wally Adeyemo wants to crack down on illicit finance enabled by crypto: ‘A clear and present danger for national security’

The Treasury deputy secretary is laying out a new approach to the digital asset industry.

Fortune

US Slaps Sanctions On Crypto Mixer Used By N.Koreans For Laundering

The United States on Wednesday slapped sanctions on a crypto mixer that it said was serving as a money laundering tool for hackers affiliated with the North Korean government.

International Business Times

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Used by North Korea–linked hackers, Sinbad.io becomes 3rd crypto mixer slapped with U.S. sanctions in last 18 months

Sinbad.io is the third crypto mixer to be sanctioned by OFAC since May 2022.

Fortune

SoFi is getting out of crypto. Customers have 3 weeks to move their accounts to Blockchain.com—or possibly face a big tax bill

SoFi first offered crypto trading in 2019, but it never became a huge part of the fintech firm.

Fortune

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

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

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PC Gamer

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.

The Guardian - UK

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?

Fortune

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.

International Business Times

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.

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Broadcasting & Cable

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

Fortune

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.

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.

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