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The Latest Breaking News on Crypto

‘Foot massage to a criminal’: Elon Musk leads attacks on WSJ for Sam Bankman Fried article

Bankman Fried’s FTX is now reportedly under investigation by authorities in the US and the Bahamas after up to $2bn in client funds vanished

The Independent UK

After the FTX crash, here’s what you need to know – the crypto bubble is already bursting

Ordinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand, says crypto consultant Carol Alexander

The Guardian - UK

Crypto executives need to grow up or go the way of FTX, Riot Blockchain leader says

The highly publicized collapse of the crypto platform FTX is a wake-up call for crypto executives to act more professionally, one of crypto’s most prominent North Texas leaders says.

Tribune News Service

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Legal delays over Foster's Bitcoin charges

Peter Foster's legal fight over an alleged multi-million-dollar Bitcoin scam will continue into 2023 after his case was adjourned.

AAP

Starling Bank bans Bitcoin transactions as part of crypto clampdown

Starling has described cryptocurrencies as ‘high risk and heavily used for criminal purposes’

Evening Standard

FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation

The bankruptcy of the FTX cryptocurrency exchange is pushing regulators to increase their scrutiny of the crypto space.

The Street

FTX was run as ‘personal fiefdom’ of Sam Bankman-Fried, court hears

Hearing in Delaware bankruptcy court is the first since the cryptocurrency exchange declared bankruptcy earlier this month

The Guardian - US

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Michael Hiltzik: How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world

The most uplifting aspect of the Sam Bankman-Fried story was always that he guided his way to a putative cryptocurrency fortune of more than $16 billion by following a philosophy of charitable giving known as "effective altruism."

Los Angeles Times

FTX founder Sam Bankman-Fried and his parents built million-pound property empire in the Bahamas

Together, the family, the company and its executives bought nineteen properties over two years

Evening Standard

Stolen FTX Funds Are Moving Into Bitcoin

The crypto industry remains shaken by the unexpected and brutal downfall of the FTX cryptocurrency exchange.

The Street

Coinbase Stock Extends Slide, Set For All-Time Low, As FTX Collapse Pressures Global Crypto Markets

Coinbase shares, which traded as high as $429 when it debuted on the Nasdaq last year, are set to open under $43 Monday amid the ongoing fallout from FTX's spectacular collapse.

The Street

Crypto exchange FTX owes nearly $3.1bn to 50 biggest creditors

Company says cryptocurrency allegedly stolen in collapse being transferred to other exchanges

The Guardian - UK

Why FTX Is Lehman Brothers of Crypto

The cryptocurrency exchange imploded within a few days, causing a financial earthquake whose consequences have yet to be determined.

The Street

Sam Bankman-Fried and "longtermism"

I'm not surprised that longtermism led to fraud, corruption and disaster. I'm mostly surprised it wasn't worse

Salon

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The Street

FTX Collapse: Elon Musk Takes on a Silicon Valley Powerhouse

Tesla CEO believes big investors have some responsibility for the FTX debacle.

The Guardian - UK

‘The money is gone’: people who lost out in FTX’s collapse

Smaller investors tell how they found themselves unable to withdraw money as rumours of the exchange’s troubles spread

Investors Business Daily

Cryptocurrency News And Price Weekly Wrap-Up For Nov. 18, 2022

Crypto News Weekly Wrap-Up: Bitcoin, Ethereum trade sideways after crashing from FTX bankruptcy; How to generate income on Bitcoin; and more.

Investors Business Daily

With Sky-High Volatility, Here's How To Generate Income On Bitcoin

As the crypto market calms and while implied volatility remains sky-high, investors can consider selling options to generate income on the Proshares Bitcoin Strategy ETF

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The Street

Cathie Wood Watch: Ark CEO's Crypto Romance Continues

She remains a major cryptocurrency backer, despite bitcoin's 65% plunge this year. It recently traded at $16,624.

AFP

Salvadoran president vows to buy "one #Bitcoin every day'

San Salvador (AFP) - President Nayib Bukele of El Salvador, the first country to make bitcoin legal tender, said Thursday the nation would buy one unit of the currency every day, doubling down in the face of public criticism of his embrace of the crypto money.

Axios

Sam Bankman-Fried's farcical fundraising effort

The former FTX CEO has lost the plot.

The Street

FTX Employees Used Company Funds to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Street

FTX Collapse: Founder and Co Used Company's Money to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Street

Sam Bankman-Fried Collapsed FTX Amid 'Complete Failure of Corporate Controls', Says New CEO

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information," said new FTX CEO John Ray.

AFP

Binance boss pledges to release audit, throws 'psychopath' jab

Abu Dhabi (AFP) - The head of Binance, the world's top cryptocurrency exchange, pledged Thursday to release an audit into the firm and rejected claims he sparked the recent collapse of rival platform FTX.

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