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The Latest Breaking News from Crypto

Wyoming crypto bank's Federal Reserve application denied

The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership

The Independent UK

Custodia, a crypto bank in Wyoming, denied membership in Federal Reserve System

The membership denial is a setback for the crypto bank, but its application for a master account, a means for banks to settle debts without going through intermediaries, is still under consideration.

Fortune

Bitcoin has shot up 50% since the new year, but here's why new lows are probably still ahead

To the delight of investors across the cryptosphere, the price of bitcoin (BTC) has rallied over 53% since its low of US$15,476 (£12,519) in November. Now trading around US$23,000, there’s much talk that the bottom has finally been reached for the leading cryptocurrency after a year of painful decline –…

The Conversation

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Zipmex predicts crypto rebound in 2025

The likelihood of an economic recession this year could delay the recovery of the digital asset industry by another year to 2025, says a source from Asian crypto exchange Zipmex, noting the recent surge in prices could be short-lived.

Bangkok Post

Sui blockchain-based Ethos Wallet raises $4.2 million to build out applications on the little-known blockchain

The funding round comes as funding for crypto-related startups becomes increasingly scarce.

Fortune

Ritchie Torres went from crypto ‘newbie’ to key ally in Washington. Now he could shape the industry’s post-FTX future

The second-term Congressman from the Bronx is one of many who got donations from Sam Bankman-Fried. He's fighting for rules that could help crypto serve the "unbanked."

Fortune

A buzzy NFT startup from Decentraland’s founder was supposed to be the future of crypto gaming. His $20M gamble on Genesis could cost the company its future

How Big Time became one of the top creditors on the bankrupt lending platform.

Fortune

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Congressional Republicans have Gary Gensler in their crosshairs

Rep. Hill on his new digital assets subcommittee.

Fortune

Union Budget 2023: India should consider reducing TDS rate on cryptocurrency trade, says report

NEW DELHI: India should consider lowering the 1 per cent TDS on crytocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market, a report said on Tuesday.

The Times of India

Crypto millionaire, 20, who claims he makes '£6,000 in his sleep' returns from meeting to find 'c***' graffiti on new supercar

Waseem was in Manchester for a business meeting when his pride and joy was vandalised

Manchester Evening News

Solana shakes off its death rattle with a 140% jump in value since the start of the year

The cryptocurrency’s underlying blockchain has also outpaced competitors in the number of developers contributing to it.

Fortune

Self-made crypto-millionaire's car is vandalised with swear words after it was left in car park

Words like 'c***' and 'die' were spray-painted on his yellow Audi R8

Wales Online

Can the current crypto rally last? 3 reasons it can—and 1 it can't

Brief crypto rallies over the last year fizzled quickly. This time it may be different.

Fortune

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets

The Independent UK

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Tribune News Service

FBI says North Korea-backed groups hacked $100 million in crypto

Two hacking groups linked to North Korea were responsible for the theft of $100 million in an attack on a crypto service last year, the Federal Bureau of Investigation said on Monday.

Al Jazeera

North Korea behind $100m crypto theft, FBI says

California-based Harmony said in June it had been the target of a cyberattack that stole $100m worth of digital assets.

Fortune

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Fortune

Coinbase stock up more than 10% since Friday, despite debt rating downgrade

The cryptocurrency exchange’s shares are now worth approximately $55. Moody’s downgraded the exchange’s debt just a day before the price rally.

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AAP

Bailout backed to recoup crypto millions

Cryptocurrency firm Digital Surge will survive as creditors vote for a bailout after hours of questions put to administrators by some of the 30,000 investors.

Sports Illustrated

Fox’s Shannon Sharpe Apologizes for Incident at Grizzlies-Lakers Game

The Fox analyst opened Undisputed on Monday by apologizing for his role in the incident at Crypto.com Arena on Friday night.

Fortune

Bitcoin’s weekend rally pushes it above $23,000, adding to a stellar start to 2023

The cryptocurrency jumped above the $23,000 mark for the first time since last August.

Sports Illustrated

NBA World Reacts to Shannon Sharpe, Tee Morant Incident

A shocking scene broke out at Crypto.com Arena on Saturday night between the former NFL star, the Grizzlies and Ja Morant’s father.

Radio France Internationale

What next for French victims of the FTX cryptocurrency exchange collapse?

The collapse of the FTX cryptocurrency exchange has had repercussions around the globe, with more than a million clients losing money overnight. In France, some 50,000 to 60,000 people were affected. As they look for legal solutions to get their money back, will the victims continue to invest in cryptocurrency?

Tribune News Service

FTX judge backs firm’s lawyers, rejects last minute ‘rumors’

The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case, concluding that last-minute attacks on the lawyers were mere “rumors.”

USA Today Sports Media Group

Memphis Grizzles vs. Los Angeles Lakers, live stream, channel, time, how to watch NBA

The Memphis Grizzlies will travel to Los Angeles to take on the struggling Los Angeles Lakers at the crypto.com Arena on Friday night.

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