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The Latest Breaking News from Crypto

‘Inaction is paralysis’: CFTC Chair Rostin Behnam calls for regulation in the wake of FTX’s collapse

His commission has come under scrutiny for its relationship with the exchange and Sam Bankman-Fried.

Fortune

ECB says bitcoin is on ‘road to irrelevance’ amid crypto collapse

European Bank criticises digital currency sector for facilitating illegal activity

The Guardian - UK

Andreessen Horowitz, FTX, and the future of crypto

Unlike fellow Silicon Valley giant Sequoia, a16z did not get tarnished by FTX's collapse.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Bitcoin storage company Casa to launch Ethereum wallets as demand rises post–FTX collapse

“As we thought about expanding to Ethereum, the core reason is that our customers have been asking for it,” Nick Neuman, Casa cofounder and CEO, told Fortune.

Fortune

What's a polycule? An expert on polyamory explains

With the collapse of the cryptocurrency exchange FTX, the media shined a spotlight on the personal lives of founder Sam Bankman-Fried and his inner circle.

The Conversation

‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls

Sam Bankman-Fried’s crypto group showered employees with perks before collapsing into bankruptcy

Financial Times

Sam Bankman-Fried says he donated just as many millions to Republicans as Democrats

The former FTX CEO discussed in greater detail donations he made as Democratic Sen. Ron Wyden of Oregon called on crypto exchanges to be more transparent.

Fortune

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Beto O’Rourke’s campaign returned surprise $1m donation from controversial crypto billionaire Sam Bankman-Fried

Embattled FTX founder was top donor to Democrats in 2022 midterms

The Independent UK

Russian millionaire Vyacheslav Taran killed in helicopter crash near Monaco

Vyacheslav Taran is the third crypto millionaire to have died in unexpected circumstances recently

Evening Standard

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Tribune News Service

Peter Thiel, BlockFi, and the future of crypto

Peter Thiel, one of Bitcoin’s most powerful advocates, lost both financial and political capital amid November’s crypto wipe-out

Fortune

The man to thank for Qatar World cup betting ad crackdown: ASA chief Guy Parker

Under its longtime boss, the Advertising Standards Authority is now baring its teeth at greedy influencers, unscrupulous crypto firms and anyone making spurious eco claims

The Guardian - UK

Keeping up with the SEC: Here's what Kim Kardashian and your financial advisor have in common

From Kim Kardashian to Tom Brady, celebrity endorsements of crypto and financial products are giving the SEC a headache.

Fortune

Opinion: 'Don't invest in cryptocurrency or NFTs unless you understand them'

"Just because it’s cheaper, doesn’t mean it’s useful"

Birmingham Post

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Fortune

In 2020 Sam Bankman-Fried tweeted about a VC ‘horror story.’ Now that investor reveals what he saw at Alameda Research—and why he walked

Alexander Pack said he and his Dragonfly team met with Alameda executives, including Bankman-Fried, more than a dozen times over a five-to-six-month period from 2018 to 2019.

Daily Mirror

Russian crypto billionaire dies in 'freak' helicopter crash as 'other passenger cancels'

Vyacheslav Taran, who founded Forex Club and Libertex, died in a mysterious helicopter crash in Monaco as it's reported another unidentified passenger was due to join him but cancelled last minute

Roll Call

As FTX burned, lawmakers said to be dithering over regulator - Roll Call

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

Evening Standard

Sam Bankman-Fried: Crypto’s Wolf of Wall Street

City Voices: Crypto still has a great future despite recent scandals

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Evening Standard

Digital exchange Bitfront closes for business as crypto winter bites

The California based company stopped new customer sign ups at 5am today

The Guardian - AU

FTX collapse sends shockwaves through other Australian businesses

Withdrawals now suspended at the Brisbane-based cryptocurrency exchange Digital Surge for more than a week

Reason

Sam Bankman-Fried: Trust Is Everything

Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.

Tribune News Service

‘Crypto is done’: FTX collapse sends ripple through $78 billion sports sponsorship market

Imploded crypto company FTX’s hundreds of millions in sport sponsorships are being called into question and could cause other teams to review their crypto partners.

Tribune News Service

Crypto lender BlockFi goes bankrupt in aftermath of FTX

BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall.

Fortune

Fundstrat saw Bitcoin hitting $200,000 before it fell to $16,000. Here’s why they’re still hopeful after a ‘horrific year’ for crypto

“It’s an important moment for the industry,” Fundstrat’s Tom Lee said. “I think there's a lot of people throwing gasoline in a crowded theater and yelling ‘fire.’”

Al Jazeera

Major crypto lender BlockFi files for bankruptcy protection

New Jersey-based BlockFi had links with crypto exchange FTX, which filed for bankruptcy protection earlier in November.

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