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The Latest Breaking News from Crypto

Solar Techno Alliance crypto scam: the promise of a Ponzi scheme

Manoj Kumar Laha, 47, lost ₹1.22 lakh in chit funds, but hoped for a windfall. He invested ₹10,000 in Solar Techno Alliance (STA), a crypto token, but it turned out to be an illicit MLM Ponzi scheme. Ramachandra Nayak, 27, also invested ₹1 lakh in STA. Over 2 lakh 'investors'…

The Hindu

Ripple’s legal bills hit $200 million as crypto industry looks to Asia

Ripple has stood its ground in an existential fight with the SEC, but the fight has not been cheap.

Fortune

Aptos Labs Teams Up With Coinbase Pay To Tackle Web3 Challenges

Partnership aims to simplify onboarding and offboarding for web3 users, enhancing user experience.

Zenger

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Why Bitcoin, Ethereum, And Dogecoin Are Heading Lower Today Despite Powell’s ‘Very Very Good’ Remarks On Inflation

Major cryptocurrencies experienced a significant decrease in value on Wednesday evening

Zenger

FTX founder Sam Bankman-Fried’s trial starts in two weeks. Here’s a preview

The SBF trial is set to be one of the most important cases in history for a venture capital-backed startup.

Fortune

Coinbase’s top lawyer ‘optimistic’ battles with SEC will ‘help shape the landscape and bring clarity for all of us’

Paul Grewal said at the Messari Mainnet conference that the SEC's case against Coinbase is a threat to the entire crypto industry.

Fortune

PayPal adds its PYUSD stablecoin to Venmo in push to expand crypto reach

The payments giant recently unveiled its new stablecoin to much fanfare, but PYUSD has yet to supplant other stablecoin giants like Tether or USDC.

Fortune

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Lack of water treatment highlights urgency of Three Waters reforms – mayor

Queenstown council failed to install the protozoa barrier that would have averted its crypto outbreak because of 'tens of millions' cost, writes Jonathan Milne.

Newsroom.co.nz

Sam Bankman-Fried’s parents sued by embattled crypto company FTX

Mr Bankman-Fried, 31, has pleaded not guilty to charges of fraud and conspiracy and his trial is set for 3 October in New York

The Independent UK

Crypto Fraudsters Arrested In Hong Kong, Over A Billion Dollars In Assets Frozen

Hong Kong authorities detained 8 individuals in connection with the crypto platform JPEX on charges of conspiracy to defraud

Zenger

Hong Kong may be warming to crypto, but rules are rules: A crypto influencer and 5 others were just accused of ‘conspiracy’

The city began allowing some crypto trading in June under a new licensing system.

Fortune

Sam Bankman-Fried’s father wanted to keep $5.5 million donated to Stanford from FTX under the radar: ‘Seems too close to home’

The allegations are part of a broader lawsuit from the FTX estate against Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried.

Fortune

City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms

Charles Randell says some of the exchanges the FCA was pressed to allow to trade in the UK are now being investigated in the US

The Guardian - UK

London fintech owner linked to drug kingpins faces Belgian trial

A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.

Evening Standard

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Fortune

New York crypto regulator removes Ripple and Dogecoin from token 'greenlist' in latest update

The Department of Financial Services stripped nearly 20 cryptocurrencies from the list in its new guidance.

Fortune

Blockchain Capital raises $580 million for 2 crypto funds amid ongoing VC drought: ‘We’ve got stuff that’s working’

The venture capital firm is yet another outfit to announce a fundraise this year.

Fortune

Billionaire Mark Cuban loses $870,000 in crypto scam

Cuban said the scam could’ve been due to a malicious version of a crypto wallet he downloaded.

Fortune

IPO market optimism, down rounds, and crypto: The biggest VC conversations last week

Investors dished on big topics in the private markets at the Primary NYC Summit last week.

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news in one place.

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Fortune

Sam Bankman Fried believes he is one of the 'most hated people in the world' as documents reveal his justification for FTX crash

FTX founder Sam Bankman-Fried sent a 15,000-word document to crypto social media influencer Tiffany Fong.

Fortune

Solana co-founder: 'To keep the next great American founder in America, Congress must regulate crypto. But first lawmakers should learn how it works'

'There’s no viable path to reasonable regulatory certainty in the space," writes Solana co-founder Anatoly Yakovenko.

USA Today Sports Media Group

Trevor Lawrence settles FTX crypto endorsement lawsuit

Trevor Lawrence reportedly settled the lawsuit he was facing for his endorsement of FTX, a collapsed cryptocurrency exchange.

The Independent UK

Mila Kunis’s web series starring Ashton Kutcher fined $1m over ‘unregistered’ NFTs by SEC

Animated series ‘Stoner Cats’ was financed by selling more than 10,000 non-fungible tokens (NFTs)

Zenger

Deutsche Bank Joins Crypto Wave: Partners With Taurus For Digital Asset Custody

After Wednesday's news that HSBC reportedly partnered with crypto technology firm Fireblocks to expand into the digital space

Zenger

Bitcoin, Ethereum, Dogecoin Rise After Deutsche Bank Launches Crypto Custody Services

Major cryptocurrencies experienced a notable surge on Thursday following the news of Deutsche Bank’s partnership with Taurus

The Independent UK

Ashton Kutcher and Mila Kunis-starring animated series Stoner Cats fined $1m by SEC

Animated series ‘Stoner Cats’ was financed by selling more than 10,000 non-fungible tokens (NFTs)

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