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The Latest Breaking News on Crypto

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

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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

Economist Peter Schiff Suggests Suspending Taxes During Government Shutdown

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

Zenger

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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?

Newsroom.co.nz

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.

The Independent UK

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

Zenger

Hong Kong’s SFC Enhances Transparency Amid Crypto Scandal

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

Zenger

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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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'…

StockNews.com

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.

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The Independent UK

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 Guardian - US

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 - UK

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

Evening Standard

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.

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