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The Latest Breaking News from Crypto

Crypto flash crash on Huobi spurs Sun to inject $100 million

China-born crypto mogul Justin Sun sought to counter concerns about the strength of the Huobi exchange, one of the largest trading venues in digital assets, after a flash crash in the platform’s native token.

The Times of India

Bitcoin set for worst week since FTX crash

NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.

Bangkok Post

D'Angelo Russell ready to reboot his hot Lakers start coming off injury

LOS ANGELES — After going through a full practice Thursday, D'Angelo Russell will be available to play for the Lakers on Friday against the Toronto Raptors at Crypto.com Arena after missing the last six games with a sprained right ankle.

Los Angeles Times

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4 Stocks to Avoid Until Crypto Recovers

With the ongoing crypto winter and the threat of regulation claiming new victims in the ecosystem while driving most to the edge of an abyss, it may be wise to give Block (SQ), Coinbase (COIN), Riot (RIOT), and Marathon (MARA) a wide berth until the existential issues get resolved. Continue…

StockNews.com

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

Top Fed official compares crypto assets to tulip frenzy

Michael Barr called for crypto guardrails in a speech at the Peterson Institute for International Economics.

Fortune

Brian Armstrong roasted for tone-deaf tweet on International Women's Day

Several Twitter users pointed out that Armstrong’s tone-deafness is emblematic of the broader crypto ecosystem.

Fortune

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A Coinbase exec tried to tell a crowd of bankers that crypto is ‘the money of tomorrow’—and was immediately shot down by an ECB director onstage

Using the example of Bitcoin, he told audiences digital currency meets all of his benchmarks.

Fortune

Crypto bank Silvergate announces liquidation amid sector turmoil

Wind-down and liquidation plan follows mass withdrawal of deposits after collapse of FTX exchange

The Guardian - UK

Crypto’s rebel spirit is getting tamed by lawyers and accountants

Bitcoin creator Satoshi Nakamoto would likely be aghast at the rise of the crypto compliance industry.

Fortune

Proven raises $15.8 million to rebuild trust in crypto with zero-knowledge proofs

The company said it would use the money to build its team to between 12 and 15 people by the end of the year.

Fortune

Coinbase Ventures joins $15M bet on new crypto exchange Mauve—a ‘response to the FTX fallout’

Crypto exchange Mauve seeks to offer the best features of DeFi combined with the compliance elements of traditional finance.

Fortune

Crypto bank Silvergate collapses; HS2 delayed; US jobless claims jump – as it happened

Rolling coverage of the latest economic and financial news, as crypto turmoil leads to an “‘orderly wind down’ and ‘voluntary liquidation’ of Silvergate bank

The Guardian - UK

Kawhi Leonard scores 24 as Clippers pull away from Raptors

Eyes on the rim, feet at the stripe, Kawhi Leonard set himself to shoot a free-throw in Wednesday's first half when a cry arose from section 112 inside Crypto.com Arena.

Los Angeles Times

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The Times of India

Silvergate bet everything on crypto, then watched it evaporate

NEW YORK: Silvergate Capital Corp spent its final days under siege.

USA Today Sports Media Group

Toronto Raptors vs. Los Angeles Clippers, live stream, channel, time, how to watch NBA this season

The Toronto Raptors will face off against the Los Angeles Clippers in a midweek clash at Crypto.com Arena.

Fortune

Top crypto bank collapses as Silvergate announces plans to wind down operations

The volatile sector's banking options are dwindling.

Fortune

Ether and stablecoins are commodities, CFTC’s Behnam argues

Contradictory views on cryptocurrencies are setting up a regulatory clash.

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Financial Times

Central banks going crypto. Is it a good idea?

Across the world, these sober institutions are exploring digital currencies — and clashing with crypto aficionados

Fortune

Lawmakers are trying to seize the crypto debate back

Can a divided Congress manage to pass legislation?

Fortune

Crypto payroll startup Toku raises $20 million

A growing number of big firms are paying staff in tokens, which creates an opportunity for specialized compliance and payroll startup Toku.

The Guardian - UK

City regulator joins Met in raids on suspected crypto ATM operations

Joint investigation with police in London follows similar operartion in Leeds as part of wider crackdown on sector

Daily Mirror

Kobe Bryant's wife returns to LA Lakers as tearful Pau Gasol joins icon in rafters

The LA Lakers duo helped their side to two championship titles and both of their shirts have now be retired and placed together high in the rafters of the Crypto.com Arena

The Times of India

India imposes money laundering provisions on crypto sector

NEW DELHI: India has imposed money laundering provisions on the cryptocurrency sector, the latest step by the government to tighten oversight of digital assets.

Fortune

Powell warns of crypto risks, but doesn't want innovation stifled

The chairman added separately in a Senate hearing on Tuesday that the Fed could accelerate rate hikes in the coming year.

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