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The Latest Breaking News on Crypto

1 Stock You Shouldn’t Wait on to Recover Anytime Soon

Digital financial service provider SoFi Technologies (SOFI) reported better-than-expected third-quarter results. However, the company is struggling with business-related headwinds. The stock has been slumping in price this year and is unlikely to rebound anytime soon. Keep reading.

StockNews.com

FTX seeks to claw back donations to politicians and charities

Collapsed cryptocurrency exchange had reputation for corporate philanthropy to tune of hundreds of millions of dollars

The Guardian - UK

Twitter's Grey Verification Mark For Government Officials Is Live Now

Government officials and multilateral organisations are now visible on the microblogging site with the grey-coloured tick alongside their names. Read on for details:

Dynamite News

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Musk says only people who pay him to use Twitter will be allowed to vote in future polls

Twitter boss remains silent many hours after his own poll shows users want him to leave as CEO

The Independent UK

Sam Bankman-Fried sent back to Bahamian jail after catching lawyer off guard with US extradition plan

FTX co-founder Sam Bankman-Fried’s preparations to be extradited to the United States have hit an abrupt and confusing snag in a Bahamas courtroom.

Tribune News Service

Fortnite maker to pay $520M for privacy, e-commerce abuses

The maker of the popular Fortnite video game will pay $520 million in penalties and refunds to settle complaints revolving around children’s privacy and its payment methods that tricked players into making unintended purchases

The Independent UK

Jo Johnson resigns from Binance advisory role

The former Tory MP and universities minister stepped back as scrutiny over the cryptocurrency exchange grows

The Guardian - UK

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Sam Bankman-Fried delays agreement on extradition to US

The crypto tycoon has acknowledged failures at FTX but says he does not believe he has criminal liability

The Independent UK

The FTC hits Fortnite developer Epic Games with $520 million fine

The penalty is over allegations that Epic tricks 'millions of players" into making unintentional purchases in Fortnite.

USA Today Sports Media Group

Sam Bankman-Fried prepared to be extradited to US as soon as Monday

Disgraced FTX co-founder Sam Bankman-Fried has indicated he’s preparing to be extradited to the U.S. from the Bahamas as soon as Monday, according to a person with direct knowledge of the matter.

Tribune News Service

Fortnite creator Epic Games to pay record FTC fine over violating children’s privacy

Epic Games, the creator of the popular video game Fortnite, has agreed to pay $520 million to the Federal Trade Commission over complaints that the company violated children’s privacy law and forced unintended purchases through trickery.

Tribune News Service

Tech & Science Daily podcast: Twitter poll votes Musk to step down

Elon Musk looks set to step down as Twitter CEO.

Evening Standard

‘I said you’re a fraud.’ CME Group’s boss spotted early trouble at crypto exchange FTX

Terrence Duffy, chairman of Chicago-based exchange owner CME Group, said his meeting with Sam Bankman-Fried showed FTX had no plan to prevent trading calamities that could have spread across the financial system.

Chicago Sun-Times

Disgraced crypto boss Sam Bankman-Fried to walk back decision to fight extradition, report says

Bankman-Fried potentially faces prison sentence of over 100 years

The Independent UK

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Fortune

Sen. Sherrod Brown leaves possibility of crypto ban open as momentum builds for stronger regulation

"Crypto doesn’t get a free pass because it’s bright and shiny," said the Senate banking chairman Sunday.

Salon

Ye, DeSantis and resurgent antisemitism

Neoliberal capitalism has created a culture of isolation and empty spectacle — and driven the comeback of fascism

Newsroom.co.nz

The road ahead for cryptocurrencies

Greater government regulation of blockchain technology may bring more structure and stability to the crypto sector | Content partnership

Tribune News Service

Ira Winderman: FTX fiasco has Heat’s Haslem feeling pain of others

This was not an interview Udonis Haslem wanted to be having, making that clear immediately.

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ABC News

Former FTX CEO Sam Bankman-Fried to reverse decision on contesting extradition

Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said.

Fortune

Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report

The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk.

Reuters

Exclusive-Sam Bankman-Fried to reverse decision on contesting extradition

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.

The Guardian - UK

Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

The Independent UK

Crypto's ties to sports raise ethical questions

Sports fans who view their favorite players as role models might think twice before taking their financial advice, too

Bangkok Post

Crypto miner 'stole electricity worth B10 million'

A cryptocurrency miner running 223 computers stole some 10 million baht worth of electricity over a one-year period, the Metropolitan Electricity Authority (MEA) says.

The Guardian - US

In balmy Puerto Rico, diehards shrug off the crypto winter: ‘We’re not worried’

Blockchain aficionados have long flocked to the island for its favorable tax laws. But as the industry wobbles, local residents are pushing back

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