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The Latest Breaking News on Crypto

US crackdown seeks to push crypto back to the fringes of finance

Crypto’s free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country’s banking system.

The Times of India

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

Raids target machines hosted around Leeds believed to be offering to buy or convert traditional currencies

The Guardian - UK

As Deepfakes Flourish, Countries Struggle With Response

software that allows people to swap faces, voices and other characteristics to create digital forgeries — has been used in recent years to make a synthetic substitute of Elon Musk that shilled a cryptocurrency scam, to digitally “undress” more than 100,000 women on Telegram and to steal millions of dollars…

Asharq Al-Awsat

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The SEC gives crypto a fresh scare

Recent enforcement actions constitute the clearest warning yet.

Axios

ESG investors warned of greenwashing dangers

Greenwashing has become a challenge for environmental, social and corporate governance (ESG) investment, says the SCB Chief Investment Office (CIO), which is advising investors to consider ESG ratings before allocating funds.

Bangkok Post

Dude, where's my bitcoin? Crypto sits out the Super Bowl after a miserable year

Well, that was fast.

Los Angeles Times

Super Bowl commercials, from Adam Driver(s) to M&M candies; the hits and the misses

Advertisers spent up to $7 million for every 30 seconds of airtime during Super Bowl LVII. Here's a sampling of what worked – and didn't – in the most expensive ad showcase on American television.

WEKU

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Regulator's Crown case 'slower than carving up Europe'

AUSTRAC's money laundering lawsuit against Crown has been criticised as taking longer than the divvying up of Europe after Napoleon Bonaparte's downfall.

AAP

Cheap, cool and kind to nature: how secondhand became UK fashion’s main attraction

Gen Z, influencers and celebrity stylists like Harry Lambert are changing the way we buy clothes

The Guardian - UK

$115 million in refunds being sent to thousands scammed by fraudsters using MoneyGram

Nearly 40,000 consumers who lost money to scammers using MoneyGram’s payment system will receive a combined $115.8 million in refunds as a result of a 2018 settlement with the Dallas-based company.

Tribune News Service

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

Asharq Al-Awsat

Cryptocurrency exchange Kraken to shut down staking service for US users, pay $43 million in fines

The settlement marks the regulator's first crackdown on staking, a common service offered at both centralised and decentralised crypto exchanges, including most of the major exchanges such as Coinbase and Binance.

ABC News

Judge leaves in place bail conditions for FTX founder Sam Bankman-Fried

NEW YORK — A New York City judge on Thursday extended his restrictive bail conditions for disgraced FTX founder Sam Bankman-Fried.

Tribune News Service

SEC preparing disclosure rules for crypto exchanges

The Securities and Exchange Commission (SEC) is preparing to require cryptocurrency exchange operators to disclose the risks involved in their trade, the regulator said on Thursday.

Bangkok Post

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ABC News

Tennis player banned for life over match-fixing, FTX founder's bail restrictions extended, and India asks citizens to hug cows — as it happened

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happened.

The Independent UK

Embattled FTX founder Sam Bankman-Fried bucks legal norms and keeps talking in fraud case

Sam Bankman-Fried, the founder and former CEO of FTX, has been unusually talkative following the November collapse of the cryptocurrency exchange and his subsequent indictment on fraud and other charges

Chicago Tribune

Jesús ‘Chuy’ García's congressional campaign says it will return Bankman-Fried money to investors

CHICAGO — Chicago mayoral candidate Jesús “Chuy” García’s congressional campaign says it will cut a check for $2,900 to repay clients of a collapsed cryptocurrency exchange the same amount of money the disgraced former head of the business contributed to García’s reelection war chest.

Birmingham Post

Welsh cryptocurrency protection firm Coincover secures $30m investment to expand

It is one of the biggest investment rounds ever into a Welsh start-up

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The Independent UK

FTX founder keeps talking, ignoring typical legal strategy

Financial Times

‘Sam? Are you there?!’ The bizarre and brutal final hours of FTX

How Sam Bankman-Fried and his band of millennial millionaires lost a $40bn crypto empire

The Guardian - UK

Boris Johnson receives £2.5m sum as advance for speeches

Ex-PM has now received earnings, hospitality and donations worth more than £5m since leaving Downing Street

The Independent UK

FTX founder heads to court after judge rejects bail request

FTX founder Sam Bankman-Fried will be in a New York courtroom Thursday for a bail-related hearing despite his lawyers claims that they've settled their differences with prosecutors

Tribune News Service

NYC judge refuses to sign off on new bail terms reached between Sam Bankman-Fried and the feds

NEW YORK — A Manhattan judge rejected a request Tuesday from embattled crypto entrepreneur Sam Bankman-Fried to modify the conditions of his $250 million bail.

Newsroom.co.nz

IRD wants visibility of crypto assets

Greater visibility over who in New Zealand owns cryptocurrency would reduce tax avoidance, tax officials told the Revenue Minister.

Daily Mirror

'Digital pound' could be launched by the Bank of England - what we know so far

The Bank of England said the "digital pound" would not be "volatile" like cryptocurrencies because it would come from a legislated organisation rather than a private sector

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