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The Latest Breaking News from Cryptocurrency

Why did we need cryptocurrency?

It's deeply surprising that investing in money that isn't money, at a bank that isn't a bank, didn't go well

Salon

Chelsea have encountered £20m problem Liverpool shouldn't ignore

Chelsea are to see their £20m per year sleeve sponsorship ended with cryptocurrency firm WhaleFin

Liverpool Echo

Governments Scramble To Manage, Regulate, and Throttle Crypto

Most dangerously of all, they're starting to make their own central bank digital currencies.

Reason

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Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

ABC News

Why sports sponsorship is unlikely to save cryptocurrency firms from 'crypto winter'

If you have been watching the Fifa World Cup in Qatar closely, you will have noticed the advertising on the hoardings around the pitch. Alongside the usual names – Adidas, Coca-Cola, Visa – there are some new ones, including Crypto.com, the Singapore-based cryptocurrency and payment platform.

The Conversation

Overshadowed by failures, crypto hacking exacts higher price

The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.

Tribune News Service

Rep. Madison Cawthorn broke rules over a 'meme' crypto, a House panel finds

The investigation examined the one-term North Carolina Republican's promotion and purchase of LGB Coin, named for the chant "Let's Go Brandon" mocking Democratic President Joe Biden.

WEKU

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Thousands of illegal cryptocurrency mining units seized

Special investigators have seized about 3,500 illegal cryptocurrency-mining units operating from rented buildings in Bangkok and Nonthaburi and stealing vast amounts of electricity.

Bangkok Post

House Ethics Committee says Rep. Madison Cawthorn ‘improperly promoted’ cryptocurrency

WASHINGTON — The House Ethics Committee found that outgoing Rep. Madison Cawthorn “improperly promoted” a cryptocurrency in which he had a financial interest in violation of House conflict of interest rules, according to an 81-page report released Tuesday on the North Carolina Republican.

Tribune News Service

Cawthorn broke rules over 'meme' crypto, told to pay $14K

The House Ethics Committee has told departing U.S. Rep. Madison Cawthorn of North Carolina to pay over $14,000 to charity

The Independent UK

Cathie Wood Keeps Buying These 2 Crypto Securities – Should You?

Following the FTX debacle, the crypto universe was hard hit. However, popular investor Cathie Wood keeps buying stocks from the crypto space despite the rising interest rates and recession risks. As investors access the macroeconomic risks, their risk-off approach will keep the cryptocurrency market under pressure. Therefore, it could be…

StockNews.com

House Ethics: Cawthorn 'improperly promoted' cryptocurrency - Roll Call

The House Ethics Committee says Rep. Madison Cawthorn, R-N.C., promoted a cryptocurrency in which he had an interest.

Roll Call

Overshadowed by failures, crypto hacking exacts higher price - Roll Call

The cryptocurrency business is losing more money to hackers, losses that have been overshadowed by the high-profile failures in the sector.

Roll Call

Senate Banking Democrats plan bigger role in crypto legislation - Roll Call

Sen. Sherrod Brown says a bill supported by Sens. Stabenow and Boozman is too favorable to the crypto industry.

Roll Call

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St. Louis Post-Dispatch

Editorial: The FTX saga is hard to understand, but the greed behind it isn't

Back in 2001, precious few Americans could have explained what Houston-based Enron did as a company and how it got so spectacularly wealthy. But when it filed for a record-breaking bankruptcy, Americans got schooled fast about not putting their trust and money behind swaggering, fast-talking con artists. But fools and…

The Guardian - AU

Cryptocurrency exchange Swyftx axes 90 jobs with CEO blaming aftershocks of FTX collapse

Company expects further significant drops in trade and ‘the potential for more black swan-type events’

Al Jazeera

FTX’s Bankman-Fried says he will testify before US Congress

FTX founder says he will testify when he has ‘finished learning and reviewing’ collapse of cryptocurrency exchange.

Bangkok Post

Crypto's path to deep crisis is well-worn

Swiftly rising interest rates have punctured the cryptocurrency bubble, exposing fragility, bad governance and even fraud in many corners, most notably at the crypto exchange FTX. And FTX's spectacular collapse comes on the heels of other recent failures in the cryptosphere, such as Terra-Luna, Three Arrows Capital or Voyager Digital.…

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ABC News

Sam Bankman-Fried's FTX empire was meant to revolutionise cryptocurrency and save the world. It didn't

By the time his bank account hit zero, the man who insisted he would one day be the "world's first trillionaire" had left only a trail of destruction in his wake.

Fortune

Yes, you can use your credit cards to buy crypto

You can buy cryptocurrency with certain credit cards, but you'll face high fees and interest charges, and your creditor may even process the transaction as a loan.

The Guardian - UK

Boris Johnson hails blockchain ‘possibilities’ at Singapore conference

On post-No 10 lecture circuit, former PM says there must be ‘measures to protect public from Ponzi schemes’

The Conversation

3 ways cryptocurrency is changing the way colleges do business with students and donors

Until about 2020, universities used cryptocurrencies only to pay ransoms to criminals attacking their networks. A fast payment to criminals helped victim universities restore their networks quickly.

Chicago Sun-Times

FTX collapse leaves program to help formerly incarcerated Chicagoans in jeopardy

The cryptocurrency giant pledged at least $1 million to help provide universal basic income to help people get back on their feet after time behind bars. Now, it has filed for bankruptcy without delivering most of the grant.

Bangkok Post

Crypto exchange Zipmex set for $100m buyout

The embattled cryptocurrency exchange Zipmex Asia is poised to be acquired by a venture capital fund for about US$100 million in digital coins and cash, one of the first rescues in Asia since a wave of defaults ripped through the sector.

Orlando Sentinel

Joel Greenberg sentenced to 11 years in prison for sex trafficking, other crimes

ORLANDO, Fla. — Joel Greenberg — who as Seminole County’s tax collector trafficked a teenager, stalked a political rival, stole identities and spent taxpayer funds on paid sex and cryptocurrency, among other misdeeds — was sentenced to 11 years in prison Thursday, bringing to a close one of the most…

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