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The Latest Breaking News from Crypto

Inside Binance: Vast profits, hefty influencer payouts, and a ticking time bomb on its balance sheet

Binance's big investments in its own BNB coin and in kickbacks to social media influencers could expose it to bigger risks.

Fortune

'NFT For Britain' idea proves too stupid even for UK government

Rishi Sunak ordered the creation of a state-backed NFT last April, not long before a colossal crypto crash.

PC Gamer

The U.S. drops the hammer on Binance: What it means and what we still don't know

The CFTC's lawsuit against Binance is a major escalation by the U.S. government against the company and the broader crypto industry.

Fortune

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UK government drops plans for NFT made by Royal Mint

Labour criticises Rishi Sunak ‘vanity project’ announced weeks before collapse in value of cryptocurrencies

The Guardian - UK

ChatGPT is more useful to society than cryptocurrency, says Nvidia

Nvidia's chief technology officer has distanced the company from cryptocurrency and says it's embracing AI instead.

Tom’s Guide

New arrest in immigration abduction-ransom case

Police have arrested a Thai man as an accessory in the alleged abduction and crypto-ransom by immigration police officers of a Chinese man and his Thai interpreter.

Bangkok Post

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

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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

The long-awaited crackdown on crypto's Binance is here and it has chat messages about alleged criminal clients: 'Like come on. They are here for crime'

The complaint filed against Binance alleges the company's top executives knew of and "tolerated" criminal activities facilitated by the platform.

Fortune

The crypto industry enlisted an unlikely champion in its crusade against the SEC: An ex-Coinbase manager convicted of insider trading

Why top companies like Coinbase and Paradigm are backing the disgraced employee.

Fortune

Bitcoin, Ether, Coinbase fall after CFTC sues Binance

The stocks of several crypto mining companies also took a dive.

Fortune

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

'I slipped up': NFT collector evaporates CryptoPunk valued at $129,000—a third of his net worth

Brandon Riley isn’t the only one who’s mistakenly lost hundreds of thousands in the world of Web3.

Fortune

'Binance knew they were violating CFTC rules': Top crypto exchange sued in U.S. federal court

The agency accuses Binance of disregarding U.S. laws to increase profits.

Fortune

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Evening Standard

Binance CEO Changpeng Zhao sued by US watchdog over alleged trading rules breach

Binance founder and CEO Changpeng Zhao has been sued by the US Commodity Futures Trading Commission after the crypto firm was accused of breaching trading rules.

Tom’s Hardware

Nvidia CTO: Cryptocurrency Adds Nothing Useful to Society

GPU processing power can be used for much more useful things than mining cryptocurrencies, Nvidia CTO says.

Fortune

Don't look now but Ripple may be for real

The fanaticism of tribes like the XRP Army may do crypto more than harm than good.

Bangkok Post

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.

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Creative Bloq

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

Will a new NFT marketplace launch next month?

PC Gamer

Nvidia kicks crypto to the curb: 'doesn’t bring anything useful for society. AI does'

That's surely going to ruffle some feathers.

The Independent UK

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 Guardian - UK

Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining

The Guardian - UK

Caught in the FTX storm: how a crypto high-flyer fell to Earth

The Maps payments app run by British-educated cryptocurrency tycoon Alex Grebnev, who was backed by Sam Bankman-Fried, has lost its Mastercard partnership amid a row over Russian users

USA Today Sports Media Group

PHOTOS: Best images from the Thunder’s 116-111 loss to the Lakers

The best photos from the Thunder's 116-111 loss to the Lakers on Friday.

Fortune

Nasdaq to launch crypto custody services by end of Q2

The exchange had previously announced a new division for digital assets.

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