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The Latest Breaking News from Cryptocurrency

Ex-part owner of Minnesota Vikings gets over six years in cryptocurrency scam

A former Minnesota Vikings part owner who defrauded a short-lived professional football league while carrying out a $700 million cryptocurrency scam has been sentenced to over six years in prison

The Independent UK

Cryptocurrency exchange Binance hits back at SEC lawsuit, saying allegations ‘simply wrong’ – as it happened

US watchdog SEC says company mixed billions in customer funds and secretly sent them to separate company controlled by CEO Changpeng Zhao

The Guardian - UK

SEC says crypto firm Binance mishandled funds, violated securities laws

The world’s largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC

The Independent UK

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AI Vs. Bitcoin: Who Reigns Supreme In Battle Of Search Trends?

AI falls short of the unparalleled hype that surrounded the world’s largest cryptocurrency by market capitalization, Bitcoin

Zenger

Binance notified of investigation by Ontario Securities Commission 2 days before saying it would leave Canada

The world’s largest cryptocurrency exchange had previously not disclosed the investigation when it announced its departure from the country.

Fortune

Bitcoin records first monthly loss of 2023 as Fed ponders additional rate hikes

The cryptocurrency fell about 4.6% in May.

Fortune

Ripple fans push the cryptocurrency up as they hope for a positive outcome in court case with SEC

The cryptocurrency is up nearly 8% over the past week.

Fortune

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Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless

New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund

The Independent UK

Shaquille O'Neal tracked down and served by cryptocurrency lawsuit during NBA playoff game

NBA legend Shaquille O'Neal was served legal documents during a broadcast of the Miami Heat's NBA Eastern Conference playoff final game for a complaint on collapsed cryptocurrency exchange FTX

Daily Mirror

Caroline Ellison: How a young math whiz with an appetite for risk became a major player in Sam Bankman-Fried’s corrupt crypto empire

After the fall of the cryptocurrency exchange FTX and the trading firm she ran, Alameda Research, the 28-year-old became an unlikely celebrity—and a public villain.

Fortune

Elon Musk warns investors not to ‘bet the farm on Dogecoin’

The Dogefather strikes again.

Fortune

Is Investing in Bitcoin and Other Cryptocurrencies Really Just Gambling?

Politicians in the UK are arguing investing in cryptocurrency is really gambling. A Kiplinger editor weighs in.

Kiplinger

Global watchdog calls for UK to regulate crypto in same way as stocks and bonds

Iosco recommendation runs counter to MPs’ stance that cryptocurrency trading should be treated as form of gambling

The Guardian - UK

Crypto trading: politicians who say it should be treated like gambling are completely wrong

Cryptocurrency trading should be regulated in the same way as gambling, according to the UK parliamentary select committee in charge of scrutinising finance. The committee published a report arguing that this was necessary because digital assets such as bitcoin have “no intrinsic value, huge price volatility and no discernible social…

The Conversation

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inkl

The Advantages of Choosing Arbitrum (ARB) over Other Layer 2 Solutions

As the cryptocurrency market continues to grow, the importance of scalability and transaction speed becomes more apparent. Layer 2 solutions have emerged as a viable option to address these issues, and Arbitrum (ARB) is quickly becoming a popular choice.

inkl

Stellar: The Cryptocurrency for Cross-Border Transactions

Stellar, in collaboration with its Binance partners, is a popular cryptocurrency that is designed for cross-border transactions. It is a decentralized network that facilitates the exchange of digital currency and fiat money.

Edinburgh Live

Scottish grandad loses £10,000 in cryptocurrency scam after his friend recommended it

Tom Roberts, 66, was left gutted after he lost £10,000 of his retirement funds through a 'cryptocurrency scam', and is now speaking out to warn others against fraudulent behaviour.

Daily Record

Scots OAP cancer victim loses £10,000 of retirement funds in 'cryptocurrency scam'

Tom Roberts, 66, was gutted when he lost £10,000 of his retirement money and has now spoken out to warn others against investing in the “scam”.

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Bangkok Post

Crypto market aflutter

Last year was a rough one for cryptocurrencies as Bitcoin, the largest digital asset in the world, lost nearly 65% of its market value.

Zenger

UK Members Worry About The Risks Of Cryptocurrency And Non Existing Regulations

UK lawmakers want to treat cryptocurrency trading like gambling as the fall of FTX has brought concern to world regulators.

TechRadar

OpenAI's CEO to get $100 million to scan everyone's eyes for new crypto project

The father of ChatGPT seeks to use iris-scanning tech for his new global cryptocurrency Worldcoin. Here's all you need to know.

The Guardian - AU

Westpac bans transfers to world’s largest crypto exchange Binance

Bank customers can no longer make payments to the cryptocurrency exchange, in a move to reduce scams

Evening Standard

OPINION - Tech & Science Daily podcast: Should crypto trading be treated like a type of gambling?

The Treasury Committee says that consumer cryptocurrency trading should be regulated as gambling.

The Guardian - UK

Cryptocurrency trading in UK should be regulated as form of gambling, say MPs

Report says people betting on prices of such assets ‘should be aware that all their money could be lost’

The Independent UK

Cryptocurrency trading should be regulated as gambling, says Treasury Committee

Unbacked cryptoassets pose significant risks to consumers, given their price volatility and the risk of losses, the committee said.

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