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The Latest Breaking News from Crypto

James Reimer returns to form but Sharks miss opportunities in loss to Kings

James Reimer made 39 saves in regulation time in overtime but couldn’t stop Trevor Moore in the fourth round of the shootout as the San Jose Sharks lost 3-2 to the Los Angeles Kings on Saturday night at Crypto.com Arena in Los Angeles.

Tribune News Service

Kawhi Leonard scores season-high 31 points as short-handed Clippers rally past Wizards

LOS ANGELES — When Kawhi Leonard checked back in with 6 minutes 28 seconds left in the fourth quarter Saturday afternoon at Crypto.com Arena, the game hung in the balance and the Clippers needed someone to take control.

Los Angeles Times

Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report

The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk.

Fortune

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Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

The Guardian - UK

How the federal funds rate impacts your investments

Higher interest rates could lead to stock market swings and changes in the value.

Fortune

Crypto's ties to sports raise ethical questions

Sports fans who view their favorite players as role models might think twice before taking their financial advice, too

The Independent UK

In balmy Puerto Rico, diehards shrug off the crypto winter: ‘We’re not worried’

Blockchain aficionados have long flocked to the island for its favorable tax laws. But as the industry wobbles, local residents are pushing back

The Guardian - US

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Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

The Guardian - US

Denver Nuggets at Los Angeles Lakers, live stream, preview, TV channel, time, how to watch the NBA

The Denver Nuggets will meet the Los Angeles Lakers in NBA action on Friday night from the Crypto.com Arena.

USA Today Sports Media Group

Democrats set aside donations from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle

The Independent UK

US regulators warn about risks of deeper crypto-Wall Street ties

The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.

Tribune News Service

US trustee, media challenging secrecy in FTX bankruptcy

Attorneys for the U.S. bankruptcy trustee and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public

The Independent UK

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Fortune

Elon Musk's effect on Crypto Twitter

Musk's decision to destroy Twitter is a sad development for the longtime community known as Crypto Twitter.

Fortune

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The Guardian - UK

Binance auditor withdraws from working with crypto company

World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

Axios

Trump allies blast crypto announcement after FTX collapse

Some of the former president's most ardent fans were less than impressed.

Reason

Elizabeth Warren's Crypto Bill Targets Financial Freedom, Not Fraud

Senator Warren wants to extend the financial surveillance state cooked up by drug warriors and anti-terrorism fearmongers to cryptocurrencies.

WEKU

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

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Los Angeles Times

Short-handed Clippers are no match against Suns

LOS ANGELES — One by one, the starting lineup arrived inside Crypto.com Arena.

Fortune

Shaq distances himself from crypto, despite once being a paid spokesperson for FTX

“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal said, referring to his association with the failed cryptocurrency exchange FTX.

The Independent UK

Lawmakers quick to unload FTX founder's contributions

Lawmakers who eagerly accepted piles of cash from Samuel Bankman-Fried now can’t move fast enough to offload contributions from the disgraced crypto mogul to anywhere but their own campaign coffers

Tribune News Service

FTX political contributions flowed to Texans in both parties in 2022 midterm elections

WASHINGTON — Two super PACs associated with disgraced cryptocurrency tycoon Samuel Bankman-Fried pumped more than $2.7 million into a Dallas congressional race, helping Democrat Jasmine Crockett top a crowded primary field and coast to election last month.

The Guardian - UK

Crypto was meant to solve financial corruption. The FTX scandal shows it’s got worse

The collapse of FTX should provide a wake-up call to Rishi Sunak, who has been singing the praises of cryptocurrencies, says academic and author David A Banks

Fortune

Crypto is riddled with accounting scandals. Could the Big Four solve that?

Few crypto companies rely on the services of major accounting firms. Maybe that should change.

Axios

FTX charges may do little to bring law to crypto Wild West

Charges largely center on straightforward fraud allegations, rather than getting crypto specific.

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