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The Latest Breaking News on Crypto

Sam Bankman-Fried on trial: Fallen crypto king faces 110 years in prison for alleged FTX fraud

SBF will have to convince a jury that he was ‘just a kid moving too fast in a young industry’ and had no intent to defraud investors in the FTX crypto exchange, a legal expert tells Bevan Hurley ahead of fraud trial in Manhattan

The Independent UK

What is FTX founder Sam Bankman-Fried’s trial about?

Bankman-Fried, who had his bail revoked in August, faces multiple charges of money laundering and fraud.

Al Jazeera

Sam Bankman-Fried weighed paying Trump $5bn to stay out of 2024 race, author claims

‘Sam was not sure that number came directly from Trump,’ author Michael Lewis said

The Independent UK

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Facebook demands Twiggy docs in clickbait scam battle

Facebook parent company Meta has issued a summons for billionaire Andrew Forrest to hand over documents it says his lawyers failed to disclose.

AAP

Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J

The Independent UK

It's not just FTX's Sam Bankman-Fried. His parents also face legal trouble

FTX's lawyers allege Sam Bankman-Fried's mom and dad helped shape their son's crypto empire and received millions of dollars worth of gifts and benefits from the now-bankrupt company.

WEKU

Chase crypto ban unlikely to be copied by UK rival banks, lawyer says

The outright ban by JP Morgan’s consumer bank Chase was a ‘brave call’ unlikely to be echoed by high street banks.

The Independent UK

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‘Dark’ donations, free love and the fall: the Sam Bankman-Fried trial is here

The FTX founder’s day in court comes on Tuesday. Where did it all go wrong – and what can we expect in the high-profile trial?

The Guardian - US

Beverage of the Week: Dos Equis has fruit and salt and a pretty decent non-alcoholic offering

A mango margarita, a michelada and a salt-and-lime non-alcoholic brew. Are any of them worth your drinking time?

USA Today Sports Media Group

Rated Labs Raises $12.9M To Expand Into Layer 2 Networks

Crypto venture firm Archetype leads Series A funding round as Rated Labs aims to broaden blockchain network offerings.

Zenger

FTC Chair Lina Khan's lawsuit isn't about breaking up Amazon, for now

The FTC's Lina Khan speaks to NPR about the goals of the agency's monopoly lawsuit against Amazon and why she thinks the company unfairly treats sellers on its marketplace.

WEKU

Bankman-Fried asks judge for three suit jackets and slacks to wear at fraud trial

Request also made for four dress shirts, three ties, one belt, four pairs of socks, two pairs of shoes and ‘appropriate undergarments’

The Guardian - US

Amazon Gets Sued Bigly

Plus: Trump commits fraud, a hacker house cooks steak, progressive movements can't stop failing, and more...

Reason

Amazon hit with sweeping antitrust suit

FTC chair accuses Amazon of using "a set of punitive and coercive tactics to unlawfully maintain its monopolies"

Salon

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Zenger

Economist Peter Schiff Suggests Suspending Taxes During Government Shutdown

Noted economist Peter Schiff proposes suspending federal taxes if government services are halted

Newsroom.co.nz

Making our drinking water safe

The cryptosporidium outbreak in Queenstown highlights the challenges of providing a clean water supply. Why is it so difficult to make our drinking water safe?

The Independent UK

Chase bank bans crypto payments for UK customers

JP Morgan’s consumer bank told its customers that it will block any payments related to crypto assets in a bid to help keep people’s money safe.

Zenger

FTX Founder Sam Bankman-Fried To Plead Not Guilty In Wire Fraud Case

Prosecutors seek guilty verdict for entrepreneur facing decades in prison; Defense argues lack of wrongdoing

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Zenger

Hong Kong’s SFC Enhances Transparency Amid Crypto Scandal

Securities and Futures Commission takes decisive steps to strengthen investor protection and information dissemination.

The Guardian - UK

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

Dynamite News

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:

The Guardian - AU

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

Zenger

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.

The Guardian - US

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 Hindu

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'…

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