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The Latest Breaking News on Crypto

The Criminal Court on Wednesday approved the extradition of a Malaysian businessman to China where he is wanted for operating a pyramid scheme and swindling people out of money.

Bangkok Post

The Problem of Democracy by Shadi Hamid review – democracy and its discontents

Should US foreign policy demand liberalism, as well as free elections?

The Guardian - UK

3 events that will determine the fate of cryptocurrencies

Cryptocurrencies are reeling after a miserable year that saw the collapse of companies such as FTX. A look at what lies ahead.

WEKU

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read the most diverse news in one place.

Macau's top gambling boss Alvin Chau sentenced to 18 years in prison over illegal syndicate

The founder of Macau's once-biggest casino junket organiser, who was banned from entering Australia, is sentenced to 18 years in jail and ordered to pay back over $1 billion.

ABC News

Tonybet fined for not following anti-money laundering rules

The Gambling Commission said it highlighted how it would take action against businesses who fail to be open with customers

Wales Online

TonyBet fined £442,750 and warned on failure to have fair and transparent terms

Unfair terms published on TonyBet’s website potentially hampered customers receiving their winnings, the Gambling Commission said.

The Independent UK

No bail for man accused of worldwide scam

A man who allegedly played a role in extracting tens of millions from unsuspecting victims of a scam has been refused bail over concerns he could flee overseas.

AAP

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Macau jails 'junket king' Alvin Chau for 18 years

Macau (AFP) - Macau's former "junket king" Alvin Chau was sentenced on Wednesday to 18 years in jail for running an illegal gambling empire, ending a criminal trial that shocked the casino hub and toppled one of its highest-profile gaming tycoons.

AFP

Bankman-Fried again claims FTX US crypto exchange was solvent

Sam Bankman-Fried, the fallen crypto entrepreneur who faces trial in the United States on fraud charges, reiterated his claim that the FTX US crypto exchange “was and is solvent.”

Tribune News Service

Macao jails Suncity founder 18 years over illegal gambling

The founder of Macao’s once-biggest casino junket organizer has been sentenced to 18 years in jail after being convicted of operating illegal gaming activities, running a criminal organization and other charges

The Independent UK

Bitcoin scam gang made so much money they handed out £5k gift cards in the street

The four-person criminal gang at the centre of the £22m conspiracy worked with ringleader James Parker, operating from his Blackpool home, and even bought cars for strangers they met in the pub

Daily Mirror

NY crypto lawsuit has climate fallout

The lawsuit determines whether the state's Public Service Commission must consider emissions in its decision making

Salon

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.

Sports Illustrated

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.

The Conversation

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The Guardian - AU

Morning Mail: multimillion-dollar GST challenge from councils, shark extinction fears, Greta Thunberg detained

A legal battle led by Philip Ruddock’s Sydney council could see hundreds of millions in GST payments refunded

Crikey

Labor MP pulls a fast One

NSW Labor MP Tania Mihailuk has defected to One Nation, despite earlier calling its leader Mark Latham ‘a buffoon’, and Prime Minister Anthony Albanese’s ministerial diary remains a closed book — unless you can afford to pay $1344.

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.

The Guardian - AU

NSW treasurer refuses to say if $1,000 a day pokies spending cap is too high as he ridicules Labor policy

Key independent MP calls for a $100 daily limit as Coalition comes under pressure to release details of its cashless gaming card

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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

Manchester Evening News

Bitcoin scammers made so much money they 'handed out £5,000 gift cards in the street'

The £22m crypto-currency gang bought cars for people they met in the pub during the 'staggering' scam

The Guardian - AU

The rest of the world is in disbelief at what the gambling industry has pulled off in Australia. We need real reform

Gambling does the most harm to the people and communities of NSW that Labor is supposed to represent

Wales Online

Bitcoin scammers made so much cash they gave away £5k vouchers and bought cars for strangers

The fraudsters bought cars for random people they'd met in the pub and one of them attempted to purchase a villa from Russian gangsters with £1m stuffed inside a briefcase

Crikey

Gambling lobby reacts to NSW Labor’s pokies plan

Gambling lobbyists have said Labor’s plan could have ‘material impacts’ on the industry.

Tribune News Service

Japan pushes global counterparts to regulate crypto like banks

Japan is urging the world’s regulators to treat crypto as strictly as they do banks, adding to the calls for tougher rules following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange.

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