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The Latest Breaking News from Crypto

Bitcoin soars past $20,000. Here's what's behind the recent rally

Bitcoin has broken out again after months at $17,000. Here are some theories to explain the recent rally.

Fortune

Kings stumble against visiting Devils

LOS ANGELES – For one Saturday night, Los Angeles was the city of Devils as the Kings fell 5-2 to the visitors from New Jersey in an interconference clash at Crypto.com Arena.

The Orange County Register

Denver Nuggets vs. Los Angeles Clippers, live stream, channel, time, how to watch NBA

The Denver Nuggets and the Los Angeles Clippers will face off at the Crypto.com Arena on Friday night in a highly anticipated NBA matchup.

USA Today Sports Media Group

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Garcia tries to distance himself from indicted crypto mogul Sam Bankman-Fried

Under fire by Mayor Lori Lightfoot, U.S. Rep. Jesus “Chuy” Garcia said he has never met nor spoken to Bankman-Fried and has no idea why he spent $151,420 on direct mail pieces that introduced Garcia to voters of his newly remapped congressional district.

Chicago Sun-Times

Environmental group sues New York for approving crypto mining facility

Lawsuit argues move to allow energy-intensive cryptocurrency miner to take over power plant violates state’s 2019 climate law

The Guardian - US

Gary Gensler throws crypto investors under the bus—again

The SEC Chair continues to favor after-the-fact publicity stunts over constructive crypto regulation.

Fortune

This week in the metaverse: A new Bored Ape game, memecoin-themed NFTs, and a possible virtual bar from the makers of Absolut Vodka

Yuga Labs launches a new mint for existing Bored Ape NFT holders tied to a new game, plus news of a sold out meme-coin themed NFT collection, and a look at Absolut's idea for a virtual bar.

Fortune

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Edward Jones's CEO is steering clients away from 'fads' like crypto

Investment fads like crypto will never be part of Edward Jones's offerings, CEO Penny Pennington says.

Fortune

FTX’s Sam Bankman-Fried launches newsletter to defend himself: ‘I didn’t steal funds’

Disgraced cryptocurrency CEO Sam Bankman-Fried launched a newsletter Thursday in his latest attempt to defend himself.

Tribune News Service

Mark Cuban to be deposed in Voyager Digital lawsuit for promoting defunct crypto platform

Billionaire Mark Cuban will be questioned under oath in February about promoting the now-bankrupt crypto platform Voyager Digital.

Tribune News Service

SEC accuses Gemini and Genesis of selling unregistered securities

The complaint heightens weeks of turmoil between two of crypto's top companies.

Fortune

Illicit crypto transactions rose again in 2022, exceeding $20 billion

A report by Chainanalysis claims that nearly half of those transactions were linked to sanctioned platforms.

Fortune

Genesis is on the hook for $3 billion

The Financial Times also reported that Genesis has a portfolio valued at $500 million.

Fortune

What next for crypto? Industry faces new challenges after rollercoaster year

2022 was a tumultuous year for crypto. One company fell after another, culminating with the spectacular collapse of the FTX cryptocurrency exchange and the arrest of its founder Sam Bankman-Fried, who is now under investigation for fraud. So what's in store for the industry this year? FRANCE 24's Kate Moody…

France 24

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Fortune

Coinbase's relationship with the media has been fraught. Brian Armstrong can fix that

The Coinbase CEO embracing mainstream media could help his company—but also all of crypto.

Evening Standard

Illegal crypto activity hit all-time high of $20 billion in 2022

some crypto crooks may be shifting their focus to more vulnerable targets amid a Bitcoin bear market

Evening Standard

UK-founded crypto firm Blockchain.com lays off almost a third of workforce

UK-founded crypto brokerage Blockchain.com is set to cut 28% of its workforce as the so-called ‘crypto winter’ intensifies.

Daily Mirror

Get-rich-quick crank Simon Stepsys in court for cheating the taxman

Stepsys has a long history of plugging crypto schemes that turn into disasters, when he's not busy posting pictures of himself online

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Daily Mirror

Tom Brady and New England Patriots owner 'lose fortune' as £26billion crypto goes bust

Cryptocurrency site FTX has gone bankrupt and lots of rich investors have taken a big financial hit, including the likes of Tom Brady and New England Patriots owner Robert Kraft

The Independent UK

Individual creditor names remain secret in FTX bankruptcy

The judge presiding over the bankruptcy of cryptocurrency exchange FTX Trading is allowing the company to maintain a veil of secrecy over the names of individual customers and creditors

Fortune

Ripple: ‘Congress must examine the SEC’s role in the recent crypto contagion’

For the last two years, Ripple has been arguing that the SEC is overreaching on crypto regulation. It's time for the new Congress to provide certainty.

Fortune

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Instead of the heady days of the Fed-induced asset bubble, times have been personally and professionally tough for the owner of crypto lender Genesis.

Bangkok Post

SEC probes embattled crypto exchange Zipmex

The Securities and Exchange Commission is investigating whether the embattled crypto exchange Zipmex, which is in the midst of being taken over by a Thailand-linked venture capital fund, breached local rules in its offer of certain digital-asset products.

Fortune

Cameron Winklevoss calls for ouster of Barry Silbert as Gemini-Digital Currency Group feud intensifies

Winklevoss said DCG needs a new CEO so the two companies can settle their issues out of court.

WEKU

Coinbase lays off around 20% of its workforce as crypto downturn continues

This latest round of job cuts, around 950, comes after the company laid off about 1,100 people back in June.

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