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The Latest Breaking News on Crypto

Crypto king or conman: is Sam Bankman-Fried about to be sent down for a century?

His company managed billions in assets and made him one of the world’s richest people. Then, almost overnight, it collapsed. With a fraud trial beginning next week, a documentary asks how he bewitched so many

The Guardian - UK

Stock market experiences fluctuations before closing flat

The stock market saw a day of ups and downs before finally closing flat on Monday. Investors witnessed a series of fluctuations that kept them on their toes throughout the trading day. Read further Dynamite News:

Dynamite News

A crypto firm sent a disability worker $10m by mistake. Months later she was arrested at an Australian airport

Crypto.com made global headlines for a multimillion-dollar error that went unspotted for months. A court case reveals how it all went wrong

The Guardian - AU

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Bankrupt Crypto Exchange FTX Takes Legal Action Against Former Associates Over $157.3 Million Withdrawal

FTX alleges illicit withdrawals made by former associates of Salameda, under the control of ex-CEO Sam Bankman-Fried.

Zenger

The vast majority of NFTs are now worthless, new report shows

Two years after tech trend that swept up artists and celebrities, researchers estimate 23 million people hold worthless investments

The Guardian - US

Solar Techno Alliance crypto scam: the promise of a Ponzi scheme

Manoj Kumar Laha, 47, lost ₹1.22 lakh in chit funds, but hoped for a windfall. He invested ₹10,000 in Solar Techno Alliance (STA), a crypto token, but it turned out to be an illicit MLM Ponzi scheme. Ramachandra Nayak, 27, also invested ₹1 lakh in STA. Over 2 lakh 'investors'…

The Hindu

DraftKings (DKNG) vs. Monarch Casino & Resort (MCRI): Which Gambling Stocks is Worth Your Money Right Now?

The gambling industry is poised for long-term growth, supported by unprecedented growth of online gambling activities and rising accessibility. While gambling stocks DraftKings (DKNG) and Monarch Casino & Resort (MCRI) should benefit from the industry tailwinds, let us determine which is worth your money right now.

StockNews.com

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Dumb Money review: A smart if flawed retelling of when regular people trolled Wall Street

The GameStop saga of early 2021 – in which Reddit users artificially inflated stock – is brought to the screen by stars including Paul Dano, Seth Rogen, Pete Davidson and America Ferrera

The Independent UK

Sam Bankman-Fried’s parents sued by embattled crypto company FTX

Mr Bankman-Fried, 31, has pleaded not guilty to charges of fraud and conspiracy and his trial is set for 3 October in New York

The Independent UK

FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds

Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars

The Independent UK

Fugitive ‘cryptoqueen’ accomplice is jailed for 20 years for $4bn global scam

Ruja Ignatova remains at large as her former OneCoin crypto fraud partner is sentenced to 20 years in a US prison

The Independent UK

FTX sues Sam Bankman-Fried’s parents, claiming they received millions in gifts

Lawsuit is the company’s first legal pursuit against Bankman-Fried’s parents for their role in the company

The Guardian - US

City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms

Charles Randell says some of the exchanges the FCA was pressed to allow to trade in the UK are now being investigated in the US

The Guardian - UK

London fintech owner linked to drug kingpins faces Belgian trial

A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.

Evening Standard

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The Guardian - UK

Loose lending and inadequate auditing: central government’s role in the local council disaster

Councils’ decision-making caused the worst failures, but lack of Westminster oversight is also to blame

The Guardian - US

Yes, bankruptcies are on the rise in the US – but there’s no need to panic

It should come as no surprise that commercial bankruptcy filings are up but the bigger picture tells a different story

USA Today Sports Media Group

Bitcoin and Mountain West Football: Where to Gamble on Gridiron Glory

Are you a fan of Mountain West football and a Bitcoin enthusiast? If so, you're in for an exciting ride as we explore the thrilling world of Bitcoin gambling on Mountain West football games. In this article, we'll guide you through the best options ...

The Independent UK

Mila Kunis’s web series starring Ashton Kutcher fined $1m over ‘unregistered’ NFTs by SEC

Animated series ‘Stoner Cats’ was financed by selling more than 10,000 non-fungible tokens (NFTs)

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StockNews.com

3 Tech Buys Under $30

The tech services industry is well-positioned for significant growth thanks to the rapid digitization of business operations and the wide adoption of cutting-edge technologies. Amid these tailwinds, it could be wise to buy fundamentally strong tech stocks TravelSky Technology (TSYHY), Box (BOX), and GigaCloud Technology (GCT), trading under $30. Keep…

The Independent UK

Ashton Kutcher and Mila Kunis-starring animated series Stoner Cats fined $1m by SEC

Animated series ‘Stoner Cats’ was financed by selling more than 10,000 non-fungible tokens (NFTs)

The Hindu

Veteran actor Govinda may be questioned in connection with Ponzi scheme

“Promoters had spent ₹1.3 crore. The participation of the Bollywood Actor Govinda had helped create trusts among potential investors,” said Sasmita Sahoo, Deputy Superintendent of Police of EOW.

Zenger

FTX Gets Green Light To Liquidate $3.4B In Crypto To Pay Off Creditors

The U.S. Bankruptcy Court for the District of Delaware has granted a favor to the collapsed crypto exchange FTX

Al Jazeera

FTX’s Sam Bankman-Fried loses bid for release ahead of trial

US judge rules that any difficulties FTX founder has in reviewing evidence against him are ‘of his own making’.

Zenger

Elon Musk Wasn’t A Blockchain Acolyte Despite The Fun He Had With Dogecoin, Reveals New Biography

Skeptical about using blockchain as Twitter's backbone, he felt it would be too sluggish for fast-paced postings on platform.

The Hindu

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward

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