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The Latest Breaking News on Crypto

Elon Musk Seeks to End $258 Billion Dogecoin Lawsuit

Elon Musk asked a US judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by…

Asharq Al-Awsat

Chinese businessman seeks bail in $1 billion fraud case

Lawyers for a wealthy self-exiled Chinese businessman are seeking bail for him two weeks after his arrest, saying he cannot properly prepare for trial from behind bars

The Independent UK

Sam Bankman-Fried using millions sent to Stanford dad to pay for lawyers, report says

SAN JOSE, Calif. — Stanford Law School professor Joseph Bankman is using a “multimillion gift” he received from his embattled son Sam Bankman-Fried to pay for his son’s high-priced legal defense, according to a new report this week.

Tribune News Service

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Why banks hate the Fed's repo facility

A market lifeline in times of turmoil is making banks angry, as they see it as a major factor in their loss of deposits.

Axios

Feds Want to Penalize Overly Complicated Subscription Cancellations at $50,000 a Pop

A government big enough to "solve" your minor irritants will do plenty of other stuff you don't like.

Reason

Artificial shooting star project gets 2nd life through crowdfunding

There's no firm release date for when ALE plans to generate its first artificial meteor shower, which it previously pledged to begin in 2023.

Space

Bitcoin’s stealth rally puts it atop the quarterly scoreboard once again

Bitcoin’s surprising fast exit from its “crypto winter” has once again put the notoriously volatile digital currency atop the leader-board in the first quarter for being the best-performing asset class by a wide margin.

Bangkok Post

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Britain ‘haven for fraudsters’ as 1% of cases result in charges, say MPs

The ‘Inaction Fraud’ hotline was criticised by MPs

The Independent UK

Britain ‘seen as haven for fraudsters’ as 1% of cases result in charges, say MPs

The ‘Inaction Fraud’ hotline was criticised by MPs.

The Independent UK

ASX breaks seven-week losing streak on the back of stable commodity prices, builders Lloyd Group and Porter Davis collapse — as it happened

The ASX is on track to finish the day's trade with its first weekly gain in seven weeks as stable commodity prices bolster mining stocks. Look back on the day's events as they happened with our blog.

ABC News

At India Ahead, content in rewind, and salaries paused despite continuing ads

Stale content could be a recipe for disaster in the news broadcasting business. But not for India Ahead. Well, almost.

Newslaundry

FTX Founder Sam Bankman-Fried Accused Of Bribing Chinese Officials With $40M In New Indictment

Zenger

US and Korea seek extradition of crypto fugitive

PODGORICA, Montenegro: The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said on Wednesday, just days after he was arrested in the Balkan nation.

Bangkok Post

Montenegro: South Korea, US seek extradition of Do Kwon

Montenegro says both South Korea and the United States have formally requested extradition of Terraform Labs founder Do Kwon, who is wanted in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world

The Independent UK

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Reuters

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro

South Korea and the U.S. are seeking the extradition of Do Kwon, an international fugitive accused of a multibillion-dollar fraud, and another suspect arrested in Montenegro last week, the Montenegrin Justice Minister Marko Kovac said on Wednesday.

Financial Times

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

The Guardian - US

WeWork mugs for $500: 10 of the strangest merch items from companies that crashed

FTX fortune cookies and Theranos gift cards offer souvenirs from recent business disasters

AAP

Share market operator probed for bungled system upgrade

Corporate watchdog ASIC is investigating Australian share market operator ASX for potential breaches after a botched overhaul of its transaction system.

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news in one place.

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Tribune News Service

Sam Bankman-Fried charged in US with bribing Chinese officials

Sam Bankman-Fried was charged with bribing Chinese officials, adding a new dimension to the U.S. government’s case against the FTX co-founder.

The New Daily

Bankman-Fried charged with bribing Chinese officials

FTX founder Sam Bankman-Fried has been charged in the United States with directing $US40 million ($A60 million) in bribes to one or more Chinese officials.

Tribune News Service

Robocall relief? FTC announces lifetime ban for auto warranty telemarketers

Consumers across the United States might not be getting as many of those annoying “warranty services” robocalls now that a South Florida network of businesses agreed to a lifetime ban.

Irish Mirror

Crypto holders urged to 'try not to panic' as inflation may cause crash

Turbulence in the crypto market can lead a lot of people to panic and sell their coins

The Independent UK

Bankman-Fried charged with paying $40M bribe to China

A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business

The Guardian - UK

Why won’t the Gambling Commission suspend licences of firms that break rules?

William Hill has received a record £19.2m penalty, but government must toughen outdated laws

StockNews.com

Is Buying Visa’s Stock Finally Paying Off?

Despite several challenges, payment company Visa (V) has come a long way and is expected to keep benefiting from the rise in cashless transactions. However, is buying the stock paying off? Keep reading to find out.

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