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The Latest Breaking News from Cryptocurrency

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…

St. Louis Post-Dispatch

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’

The Guardian - AU

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.

Al Jazeera

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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.…

Bangkok Post

Cryptocurrency News And Price Weekly Wrap-Up For Dec. 2, 2022

Crypto News Weekly Wrap Up: Bitcoin, Ethereum rebounded to their highest levels in a month despite BlockFi's bankruptcy Monday.

Investors Business Daily

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.

ABC News

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.

Fortune

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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 Guardian - UK

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.

The Conversation

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.

Chicago Sun-Times

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.

Bangkok Post

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…

Orlando Sentinel

CFTC chairman urges strengthening conflict-of-interest part of Senate crypto bill

Commodity Futures Trading Commission Chairman Rostin Behnam urged senators to strengthen conflict of interest and financial disclosure provisions for cryptocurrency entities in a key piece of legislation in light of the collapse of the FTX exchange.

Tribune News Service

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

Orlando Sentinel

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Chronicle Live

Shiremoor man who imported five kilos of cannabis from US spared jail after it was intercepted at Stansted Airport

Reuben Foster, of Shiremoor, said he bought the large quanity of cannabis from America after making money from cryptocurrency

StockNews.com

Avoid These 4 Stocks Amid Crypto Market Turmoil

The cryptocurrency market has been hard hit this year, with rising interest rates and recession fears making investors stay away from highly risky assets. While the Fed is expected to slow interest rate hikes, given the lingering recession concerns, it could be wise to avoid struggling crypto-exposed stocks Coinbase Global…

Roll Call

CFTC chief urges strengthening conflict-of-interest part of Senate crypto bill

Rostin Behnam urged senators to strengthen conflict-of-interest and disclosure language in a bill to regulate cryptocurrency.

Evening Standard

Sam Bankman-Fried: Former boss of collapsed cryptocurrency scheme FTX denies fraud

Sam Bankman-Fried, the man formerly behind failed US cryptocurrency scheme FTX, has denied committing fraud.

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The Guardian - AU

Australian administrator of FTX warns customers may not get all their money back

KordaMentha works to untangle web of companies behind crypto exchange and determine who is owed money by which branch of the business

The Independent UK

Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds

The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly” misuse customers' funds

Bangkok Post

Bankman-Fried apologises, says didn't 'try to commit fraud'

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

The Conversation

North Korea's nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

Since the world’s second-largest crypto exchange, FTX, declared bankruptcy earlier this month, the flow-on effects have been felt far and wide.

Fortune

If you own Bitcoin Cash, XRP, or Etherium Classic on Coinbase, here’s what to do now

Should you cash out? Are your coins still worth anything? Here are your options.

Fortune

Coinbase says goodbye to XRP, Bitcoin Cash, and Ethereum Classic

The Guardian - UK

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

European Bank criticises digital currency sector for facilitating illegal activity

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