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The Latest Breaking News from Cryptocurrency

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

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.

Fortune

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.

AAP

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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.

Fortune

'Cryptoqueen' still on the run from the FBI after five years

Her co-founder and brother have been arrested, but Ruja Ignatova has evaded authorities for five years.

Fortune

US Chamber of Commerce dips to second place in K Street spending - Roll Call

Mega-bills fueled the influence business in 2022, as lobbyists pivot to dealing with divided government in 2023.

Roll Call

The week in audio: Joanna & the Maestro; Conversations from a Long Marriage; Real Money; Ken Bruce

Joanna Lumley delights in musical exchanges with her real husband, and turns up the comedy with a fictional spouse; the excellent Aleks Krotoski tells the story of cryptocurrency Tether; and Ken Bruce pulls a shocker

The Guardian - UK

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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?

Radio France Internationale

Tesla Buys Into Major Purchase In Cryptocurrency Producing It Into Major Value In Investments

The leading cryptocurrency had an exciting year in 2021 with several big news items that also propelled the sector forward.

Zenger

Crypto firm owes creditors more than $78m

Administrators appointed for a Gold Coast cryptocurrency platform do not know where the company's founder is, or exactly how large its debts are.

AAP

Crypto giant Genesis files for bankruptcy, after FTX collapse

Cryptocurrency lender’s bankruptcy is the latest blow to the sector following the arrest of Sam Bankman-Fried.

Al Jazeera

Cryptocurrency news - live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Department of Justice officials say they will reveal the news at 12pm in Washington DC

The Independent UK

Crypto exchange Bitzlato’s founder arrested in $700 million laundering scheme

A Russian was charged with money laundering through a cryptocurrency exchange that allegedly masked the proceeds of illegal gambling and drug deals valued at more than $700 million, as the US goes after criminal suspects in the digital space.

The Times of India

US arrests Russian crypto boss who ‘catered to known crooks’

Justice dept says Anatoly Legkodymov operated the Hong Kong-registered Bitzlato exchange as a money laundering haven.

Al Jazeera

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The Independent UK

Justice Dept. charges Russian founder of cryptocurrency firm

A Russian national who founded a cryptocurrency exchange the Justice Department says evaded U.S. regulations and became a haven for proceeds of criminal activity has been arrested

The Independent UK

Cryptocurrency news – live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Bitcoin prices took a dive ahead of the DoJ announcement

Fortune

'The Crocodile of Wall Street' gets new tech job despite being under 24-hour house arrest

Heather Morgan has many credentials to her name including economist, tech entrepreneur, columnist, CEO, rapper—and accused launderer of stolen cryptocurrency.

Sports Illustrated

Gronk Subpoenaed in Cryptocurrency Lawsuit, per Report

The former NFL tight end reportedly hasn’t been listed as a defendant at this time, although he was a brand ambassador for Voyager Digital.

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The Conversation

Cryptocurrencies are in crisis, but they are not going to disappear

Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.

Daily Record

Cryptocurrency gang worth £22mil 'handed out £5k gift cards in the street'

The Bitcoin scammers were so wealthy that they bought cars for people they met in the pub.

Zenger

Bitcoin Relief Rally Spurs Big Crypto Gains

After ending the previous year deep in the red, cryptocurrency prices are soaring again on the back of sudden buying

Al Jazeera

Is crypto about to go extinct?

It will likely survive, but only after more firms and currencies crash and burn. Here’s why.

The Guardian - UK

What’s the true value of crypto? It lays bare the lies of libertarians

The downfall of the FTX cryptocurrency exchange proves how much markets need rules, writes Zoe Williams

Foreign Policy

The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven

The Bahamas represents how global capitalism can go very right, and very wrong, at exactly the same time.

The Guardian - US

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

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