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The Latest Breaking News on Crypto

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.

ABC News

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

The Independent UK

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.

Chicago Tribune

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

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

Birmingham Post

FTX founder keeps talking, ignoring typical legal strategy

The Independent UK

‘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

Financial Times

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 Guardian - UK

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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

The Independent UK

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.

Tribune News Service

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.

Newsroom.co.nz

'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

Daily Mirror

Sensex, Nifty decline for 2nd day on selling in FMCG, steel stocks

MUMBAI: Benchmark equity indices sensex and Nifty closed lower for a second straight day on Tuesday due to selling in FMCG, metal and auto shares ahead of the RBI monetary policy.

The Times of India

‘Britcoin’ may be the Bank’s hedge against big tech

Why is the Bank of England designing its own digital currency? Judging by the little they appear to be investing in what is being dubbed Britcoin, one of the more compelling reasons is that the Bank fears big tech and digital currencies could be behind the next financial meltdown —…

Evening Standard

Britcoin? UK gets closer to launching a digital currency

Britcoin is moving closer to reality

The Independent UK

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The Guardian - UK

‘Britcoin’ digital currency could be in use by end of decade

Bank of England and Treasury weigh up issues involved with creating digital pound

Evening Standard

Bank of England takes first steps towards digital pound with consultation

The digital currency would be issued by the Bank of England and could be used by households and businesses for everyday payments in-store and online

Evening Standard

The Bank of England’s proposed digital pound: what does it mean?

The Bank of England has begun a consultation on the introduction of its own digital pound as it seeks to gain a foothold in the unwieldy world of cryptocurrencies and stablecoins.

Bangkok Post

Bangkok lauded as global hub for cryptocurrencies

Bangkok has emerged as the world's 10th largest crypto hub, according to new research from cryptocurrency tax software company Recap.

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The Guardian - US

Bankrupt FTX exchange asks for its political donations to be returned

Cryptocurrency exchange and its debtors seek refund of money donated by company’s founder Sam Bankman-Fried

The Guardian - AU

Australian losses to online marketplace fraud increase as scams become increasingly sophisticated

Consumer groups say online platforms like Facebook Marketplace and Gumtree need to do more to keep customers safe

Axios

Washington turns hostile on crypto

The White House is closing a door the industry fought hard to open.

Axios

FTX asks for its political donations back

FTX's debtors are confidentially contacting "political figures, political action funds and other recipients."

Daily Mirror

Crypto traders with 'hundreds of thousands' on line seek rehab help for addiction

People caught up in the frenzy of impulsive crypto trading face symptoms similar to other types of addictions and may turn to rehabilitation clinics for support

The Times of India

Indian crypto exchange WazirX moves funds after Binance cuts off service

Indian crypto exchange WazirX said it was transferring funds held with Binance for its operations to other wallets after Binance said it was cutting off the service, the latest in a running dispute between the two companies over their relationship.

WEKU

The new global gold rush

After decades of being seen as a go-nowhere investment, investors are taking a shine to gold again.

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