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The Latest Breaking News on Crypto

FTX Scraps Relaunch Plans, Expects Full Customer Repayment

FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, said it has abandoned plans to relaunch and will instead focus on liquidating assets so it can repay customers.

International Business Times

Hackers Steal $213M In XRP, Ripple CEO Confirms 'Unauthorized Access' To Some 'Personal' Accounts

Hackers stole over $200 million worth of XRP from a crypto wallet whose ownership is unclear, and Ripple's CEO has since confirmed that some of his non-Ripple "personal" wallets were accessed.

International Business Times

How Identity Thieves Are Exploiting Your Trust

Con artists are finding new and unexpected ways to take your money and personal information. Here's what to do about it.

Kiplinger

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FTX scraps plan to revive exchange and will repay billions to customers

Cryptocurrency exchange founded by Sam Bankman-Fried ‘an irresponsible sham created by a convicted felon’, lawyer says

The Guardian - US

Waiting Out Bukele's 'Bitcoin City' On A Salvadoran Beach

When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador.

International Business Times

George Osborne joins Coinbase as crypto firm faces US court fight

Appointment of former UK chancellor comes as regulator sues operator over claims it flouted rules

The Guardian - UK

Terraform Labs Says Bankruptcy Filing 'Critical' In Its SEC Lawsuit Appeal

Terraform Labs, the blockchain firm behind the TerraUSD (UST), said Tuesday that its Chapter 11 bankruptcy filing would also help keep the Terra network's operations rolling.

International Business Times

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K9 Finance Challenges The Norms By Elevating DeFi On Shibarium

The K9 Founder says that within the DeFi landscape, it's about earning more and effectively "putting your BONE to work."

International Business Times

NAMM 2024: “This pedal facilitates an alchemical dance”: Pigtronix’s Philosopher’s Tone 2 is the sequel that looks set to top the original – adding footswitchable grit to the world-class compressor pedal

A new Grit channel and a choice of Germanium or Silicone clipping add the magical final touch to the firm’s revamped compressor

Guitar World

Fidelity's Bitcoin ETF Bucks The Trend With $208 Million Surge Amid GBTC Outflow

The nine Bitcoin ETFs collectively achieved a combined volume of $994.1 million, nearly doubling the flow observed in GBTC at $570 million.

International Business Times

Crypto Security On The Rise: 27.78% Year-On-Year Decline In Hacks, Scams

November stood out as the month with the highest reported losses last year, totaling $363,367,327 from 45 incidents.

International Business Times

Bitcoin Makes Epic Comeback As BTC ETF Witnesses Boost In Trading Activity

Bitcoin demonstrated resilience by establishing stability within the $39,000 to $40,000 range and showcased its bullish strength Friday when it saw a notable surge, closing at the $42,000 mark.

International Business Times

Afternoon Update: Australian charged in US over alleged role in ‘Ponzi scheme’; ‘surreal’ Sydney shark rescue; and MP criticises Nine for ‘sexist’ photo edit

Blockchain entrepreneur Sam Lee charged with conspiracy to commit fraud for his alleged role in operating the HyperVerse crypto investment schemes

The Guardian - AU

Australian Sam Lee charged with conspiracy to commit fraud in US for role in $1.89bn ‘Ponzi scheme’

HyperVerse crypto schemes, subject of a Guardian Australia investigation, alleged to have defrauded investors of almost A$3bn

The Guardian - AU

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Top News

EU Strengthens Regulations on Non-EU Crypto Firms

The European Union imposes stricter regulations on cryptocurrency firms operating from outside the bloc, tightening control over the industry.

International Business Times

Investment Giant Charles Schwab Poised For Spot Bitcoin ETF Launch, Experts Predict

Charles Schwab's position may soon change, as it could be currently evaluating the strategic advantage of entering the market as a second mover in a space where many competitors raced to be the first, Bloomberg Intelligence analyst Eric Balchunas said.

International Business Times

CFTC Chair Pushes For Sweeping Regulatory Overhaul After Landmark US Bitcoin ETF Approval

"The need for federal legislation over cash market digital assets has never been more critical, and I will continue my call for action," the CFTC chair said.

International Business Times

Investment Giant Vanguard Takes a Stand, Declares Bitcoin An 'Immature Asset Class'

When Vanguard made the decision to exclude the new Bitcoin ETFs from its extensive trading platform, the hashtag #BoycottVanguard quickly gained traction on the social media platform X (formerly Twitter). However, instead of yielding to the pressure, Vanguard reaffirmed its stance and remained resolute in its decision.

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International Business Times

Bitcoin ETF Showdown: BlackRock's iShares Bitcoin Trust Attracts Massive $2 Billion Inflows, Sets New Industry Benchmark

This impressive surge in inflows further cemented BlackRock's position as a trailblazer in the Bitcoin ETF sector.

International Business Times

Bitcoin Makes A Strong Comeback, Surpassing $42K As GBTC Selloff Stalls

Since transitioning to trade as a spot Bitcoin exchange-traded fund (ETF) on January 11, the Grayscale Bitcoin Trust (GBTC) has experienced an outflow of approximately $4.8 billion from its holdings.

International Business Times

Judge Advocates For Focused And Fast-Track Approach In FTX Bankruptcy Investigation

During this week's hearing, the Office of the U.S. Trustee, the federal entity responsible for overseeing corporate bankruptcies, advocated for keeping the cost, duration and extent of the fresh investigation open until after the examiner's appointment.

International Business Times

Grayscale's Bitcoin Exodus Appears To Stall With GBTC's Record Low Net Outflow

GBTC has been recording massive outflows since it officially traded as a spot Bitcoin exchange-traded fund (ETF).

International Business Times

From Darknet to Auction Block: US Set To Sell $130 Million Silk Road-Linked Bitcoin Stash

In the notice, the government explicitly outlines its intentions to liquidate the seized Bitcoin.

International Business Times

Shibarium-Powered Revolution: Shiba Inu's Welly Leads Blockchain Transformation In Food Chain Management

In October, Welly shared its many aspirations, including transforming itself into a renowned global healthy fast-food restaurant by leveraging blockchain technology through Shibarium.

International Business Times

Binance Challenges SEC In High-Stakes Legal Battle, Seeks Dismissal Of Fraud Claims

The SEC filed 13 charges against Binance, Zhao and Binance.US alleging that they deceived investors regarding its market surveillance capabilities, implying issues with transparency.

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