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The Latest Breaking News on Crypto

Morning Mail: Thousands lose millions in crypto schemes, Queensland cyclone aftermath, Bowen hails end of fossil fuels

Investors have lost millions of dollars to ‘pyramid scheme’; homes at risk after ex-Cyclone Jasper dumps 500mm of rain but weakens as it moves inland

The Guardian - AU

Bitcoin Rebounds Above $41,000 With Fair Value Accounting Adoption

Recent accounting rule adoption allows crypto companies and private institutions holding crypto assets to record their tokens at fair value, with changes reflected in net income.

International Business Times

‘They are so convincing’: Vera Gazzard lost her life savings to HyperVerse

Australians who were convinced to put money into the Hyper group investment schemes say no one has been held to account for their losses

The Guardian - AU

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Investors lose millions as crypto schemes operate unchecked in Australia

Exclusive: the New Zealand regulator has warned the schemes could be a ‘scam’ but they have escaped such scrutiny in Australia and thousands have lost money

The Guardian - AU

CFTC Chair Claims Most Cryptocurrencies Are Commodities, Admits There's A 'Turf War' Going On Over Crypto

CFTC Chair Rostin Behnam says that "under existing law, many of the tokens constitute commodities."

International Business Times

Riot Blockchain (RIOT) vs. Teradata (TDC) - What’s the Best Stock to Buy for December Gains?

Given the growing demand for tech services due to the digitalization of business processes across multiple end-use sectors and numerous technological advancements, the technology industry is thriving. Therefore, tech stocks Riot Blockchain (RIOT) and Teradata (TDC) are poised to benefit from the industry’s tailwinds. But which of these stocks is…

StockNews.com

Amid Argentina's Currency Woes, Expert Santiago Siri Lauds the Potential of Bitcoin

Milei leans towards dollarization as a solution to address inflation; Santiago Siri says the new President is "missing a tremendous opportunity"

Latin Times

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Bankman-Fried's Case 'Almost Impossible To Win,' SBF Is The 'Worst Witness,' Defense Counsel Admits

The 76-year-old legal expert also disclosed how Bankman-Fried made things all the more challenging when he went off the script during his testimony, eventually making his case "unwinnable."

International Business Times

Do Kwon's Montenegro Detention Extended Until February 2024 Amid US, South Korea's Extradition Requests

The decision was made after the U.S. and South Korea made extradition requests to prosecute the crypto entrepreneur on charges related to the collapse of the TerraUSD stablecoin.

International Business Times

Bitcoin ETF News: BlackRock Meets With SEC Anew; Analyst Labels Meeting 'Most Notable'

BlackRock once again sat with some SEC officials — something it appears to have been doing regularly over the past weeks as anticipation for the possible SEC decision on spot Bitcoin ETF applications heightens.

International Business Times

London concept store APOC has created an alternative fashion gift list

From its eclectic roster of boundary-pushing, sustainably minded designers, APOC presents its alternative fashion gift edit – comprising one-off clothing, jewellery and accessories

Wallpaper

Crypto Fund Inflows Record $43M As Bitcoin Held In Exchanges Drops To 6-Year Low

Data indicate that investors are still focused on Bitcoin, the world's largest crypto asset by market capitalization, with an inflow of $20 million, recording a year-to-date total of $1.7 billion.

International Business Times

FTX Warns Of Potential Delay In Customers' Compensation Amid IRS' $24B Tax Claim

FTX, in its filing to a Delaware court, called the IRS' tax claim "meritless."

International Business Times

Bitcoin ETF News: Wall Street Giants BlackRock, Fidelity Try To Iron Out Redemption Details With SEC

The recent development suggests that the SEC could be ironing out details before finally approving some spot Bitcoin ETF applications.

International Business Times

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Kiplinger

Credit Karma Claims Process Begins. Are You Owed Money?

Some Credit Karma users may be due payment as part of the company's $3 million settlement with the federal government.

USAFacts

How much does text message fraud cost Americans?

In 2022, most text fraud reports of financial loss involved less than $1,000 — but over 88,000 reports involved losses of more than $10,000.

StockNews.com

Photronics (PLAB) Earnings Spotlight: Chip Stock Gameplan

As Photronics (PLAB) gears up to release its fiscal fourth-quarter earnings, what considerations should be made in light of the company's adept navigation through the industry landscape in the third quarter? Read more to find out….

International Business Times

Justin Sun-Linked HTX Sees Nearly $260M Net Outflow Since Resuming Operations After Million-Dollar Hack

Despite the net outflow, HTX occupies the 15th spot in CoinMarketCap's top cryptocurrency exchanges.

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news in one place.

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International Business Times

Bitcoin Nosedives Below $41K, Erasing Nearly A Week's Gain As Holders Take Profit

As the king of crypto briefly sunk below the $41,000 price level, it caused over $270 million worth of long positions to be liquidated.

International Business Times

Binance's Legal Trouble Far From Over; SEC Uses Newly Unsealed Court Records To Strengthen Case

The historic deal with U.S. authorities did not include a settlement with the SEC, which means the regulator can still pursue whatever legal action it plans against the exchange, including moving forward with a lawsuit it filed against Binance and its then-CEO Changpeng Zhao in June.

International Business Times

MicroStrategy's Michael Saylor Reveals How Bitcoin Bet Helps MSTR Compete With Magnificent Seven

Bitcoin was trading in the red zone at $43,950, which means the software and business intelligence company is now sitting on an unrealized profit of $2.390 billion.

International Business Times

Binance's CZ Could Be Deposed In Billion-Dollar Class-Action Lawsuit

The court filing comes a few days after a court sided with the U.S. Department of Justice and prohibited the crypto mogul from leaving the U.S. until his sentencing.

International Business Times

Bitcoin ETF News: VanEck Files Fifth Amended Prospectus, Reveals Ticker

After BlackRock submitted another amended prospectus last week, VanEck followed suit with its fifth amendment, showing a unique Bitcoin ETF ticker, HODL.

The Guardian - UK

Paris Ritz finds missing €750,000 ring in vacuum cleaner bag

Hotel dispels rumours of a targeted heist or an opportunistic theft with a more mundane reality

The Hindu

Cases of human trafficking victims being forced to commit cybercrimes on the rise

Interpol op. unearths fraud schemes fueled by human trafficking, resulting in 281 arrests, 149 victims rescued, 360 investigations opened. Operation Storm Makers II uncovered fake investments, work-from-home offers, lottery and online gambling scams. Victims subjected to torture, sexual violence & forced labor. Traffickers targeting migrants stranded in countries due to…

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