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The Latest Breaking News on Crypto

SEC readies stricter rules for digital assets

The Thai Securities and Exchange Commission (SEC) is preparing to impose more stringent regulations on digital assets to mirror the global market, with the aim of increasing investor protection.

Bangkok Post

Token market classification planned

The Revenue Department plans to issue rules soon that classify types of digital tokens as part of its move to support token market development, says director-general Lavaron Sangsnit.

Bangkok Post

Bankman-Fried to face off with lawmakers over FTX collapse

The former CEO of the failed cryptocurrency firm FTX will testify before a Congressional committee Tuesday, his first appearance under oath since FTX filed for bankruptcy roughly a month ago

The Independent UK

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Federal prosecutors can't decide whether to hit Binance and its execs with indictments after 4 years of investigating

The U.S. began looking at the company in 2018 after reports that criminals were among users of the exchange.

Fortune

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

Chicago Tribune

Laird could sell off Scottish nudist beach after losing £130k in crypto 'scam'

A LAIRD who lost £130,000 in a cryptocurrency investment has warned he may have to sell off parts of his estate.

The National (Scotland)

Scots laird who owns nudist beach to sell off parts of estate after £130k loss in crypto scam

Michael Dudgeon, who owns Scotland's most northerly nudist beach, claims he lost tens of thousands in a crypto scam.

Daily Record

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Hunter role in 'Twitter for tradies' app

Torqn connects mining workers in chat loops, helping to improve industry safety

Newcastle Herald

Toshiba’s 30 years of research pave the way for quantum-safe communications links

From the secure transmission of sensitive genomic data, to data transfers between critical industrial infrastructure, to the day-to-day exchange of personally-identifiable data in financial and healthcare sectors — digital communications is the lifeblood of critical human enterprise.

Bangkok Post

Michelle Mone under pressure over £18m office complex linked to firms at centre of Covid PPE scandal

A Sunday Mail investigation into the site’s ownership has discovered how those running under-fire PPE Medpro are also involved with the luxury office complex.

Daily Record

Bankman-Fried ‘would give anything’ to start new business to repay FTX users

Former boss of collapsed crypto-exchange says he has duty to try to recoup investors’ lost money

The Guardian - UK

Former FTX chief Sam Bankman-Fried to testify before Congress next week

‘There is a limit to what I will be able to say, and I won’t be as helpful as I’d like,’ crypto founder says

The Independent UK

FTX’s Sam Bankman-Fried to testify before Congress next week

Founder and former CEO says he could talk about what he thinks led to crash and ‘my own failings’

The Guardian - US

Sam Bankman-Fried to testify before House committee next Tuesday

"There is a limit to what I will be able to say, and I won't be as helpful as I'd like."

Axios

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Bangkok Post

Luxury resort, cars worth B3bn seized from alleged triad boss Tuhao

Authorities have seized a luxury resort and cars, worth about 3 billion baht in all, from alleged Chinese triad boss Chaiyanat "Tuhao" Kornchayanant, who is accused of involvement in the drug trade.

AAP

Investor scammer unaware of company rules

A US man who scammed investors out of $3.5 million maintained his business was legitimate despite it failing to have an ABN and a tax file number.

ABC News

Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

Reuters

Australia charges four Chinese nationals over U.S.-based scam

Australian police charged four Chinese nationals on Friday over an online investment scam based mainly in the United States, which authorities said caused losses of more than $100 million across the world.

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AAP

US tips off Australia to $150m scam

The alleged Australian controllers of a $150 million global financial scam have been arrested after the US Secret Service alerted police.

Bangkok Post

Disrupting the disruptors on the internet

After a decade of unconstrained growth -- when it seemed that a new billionaire was minted every day -- the tech industry has finally hit a rough patch. Elon Musk's erratic behaviour following his takeover of Twitter has left the financially leveraged platform in a precarious state. The crypto exchange…

Tribune News Service

The Federal Reserve is deflating financial bubbles, without a crash

The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.

Axios

The SBF media blitz's key messages

The FTX collapse is the irresistible trainwreck story in business right now, but all the coverage of its instigator might be serving his purposes, as much as the public interest.

Daily Mirror

'Elon Musk fired me over email - he's turning Twitter into a real-life Squid Game'

Mr Ihara worked for Twitter for ten years and was excited when the social media platform was snapped up by Elon Musk - but then he was fired without warning

Tribune News Service

Editorial: Guilty as charged: The criminal Trump Organization stinks from the head

The Trump Organization, actually the Trump Corp. and the Trump Payroll Corp., (he does like flaunting his brand name) is guilty of multiple felonies, unanimously say 12 good citizens from Manhattan, an island jurisdiction that Donald Trump fled from.

Daily Mirror

How the fantasy world of Companies House is wrecking the lives of real people

Directors don't exist, and company that claimed to be based in Peckham seems to be run from Hong Kong

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