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The Latest Breaking News on Crypto

FTC ban may be test of bipartisan opposition to noncompete clauses

WASHINGTON — A proposal from the Federal Trade Commission to ban noncompete agreements aims to correct what some say is a harmful power imbalance between companies and employees, an issue prominent enough to have won over some members of the typically pro-business Republican Party.

Tribune News Service

Illegal crypto activity hit all-time high of $20 billion in 2022

some crypto crooks may be shifting their focus to more vulnerable targets amid a Bitcoin bear market

Evening Standard

Tech & Science Daily podcast: Why 20K tech jobs have been cut in 2023

Figures show just ten days into 2023, more than 20,000 layoffs were recorded in the tech sector globally.

Evening Standard

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UK-founded crypto firm Blockchain.com lays off almost a third of workforce

UK-founded crypto brokerage Blockchain.com is set to cut 28% of its workforce as the so-called ‘crypto winter’ intensifies.

Evening Standard

The FTC is back to being the activist US agency progressives sought in 1914

Last week, under its Biden-appointed chair, the Federal Trade Commission proposed a new rule banning non-compete agreements – and it’s a big deal

The Guardian - US

Commentary: What Croatia’s transition to the euro can teach us about the upside-down world of bitcoin

The transition of Croatia into the euro currency zone these days can teach us a lot about bitcoin in the U.S. According to the ideology of bitcoinism, the citizens of Croatia are making a huge mistake in obeying this transition and abandoning their legacy currency, the kuna. According to bitcoinism,…

Chicago Tribune

Bitcoin extends its longest winning streak since Covid days

A prolonged rally in Bitcoin is giving crypto enthusiasts a smidgen of something to be happy about during a dark period for the industry.

The Times of India

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Expand Newcastle pokie trial before full mandate: NSW Labor

The state's first cashless gaming trial got underway in Newcastle at Wests last year.

Newcastle Herald

ClubsNSW hits back at cashless cards

ClubsNSW has come out against a cashless gaming card for poker machines in a political debate dominated by gambling reforms ahead of the March state election.

AAP

Tom Brady and New England Patriots owner 'lose fortune' as £26billion crypto goes bust

Cryptocurrency site FTX has gone bankrupt and lots of rich investors have taken a big financial hit, including the likes of Tom Brady and New England Patriots owner Robert Kraft

Daily Mirror

Individual creditor names remain secret in FTX bankruptcy

The judge presiding over the bankruptcy of cryptocurrency exchange FTX Trading is allowing the company to maintain a veil of secrecy over the names of individual customers and creditors

The Independent UK

UK ambulance workers strike as government weighs restrictions

Some 20,000 paramedics, ambulance drivers and support staff have gone on strike in England and Wales as a standoff over pay deepens. Unions are calling for better wages to deal with double-digit inflation. PM Rishi Sunak, meanwhile, is defending his government's plans to enforce minimum service levels in certain sectors,…

France 24

Miami Heat’s FTX Arena no more: Judge strikes county deal with bankrupt crypto company

MIAMI — A federal bankruptcy judge on Wednesday terminated the naming rights agreement between Miami-Dade County and the FTX crypto exchange, ending a two-year stretch of the Miami Heat’s playing in FTX Arena.

Miami Herald

Tech firms lay off over 20,000 staff in first ten days of 2023 as downturn bites

The mass redundancies add to the more than 150,000 that were let go in 2022

Evening Standard

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The Independent UK

Scandal-hit EU assembly set to move on anti-corruption plan

A European Parliament official says President Roberta Metsola wants to clamp down on the activities of former lawmakers and lobbyists in response to a major corruption scandal

The Guardian - UK

Darktrace shares fall below IPO price as new client sign-ups slow

Cybersecurity firm hits lowest level since flotation as co-founder fights extradition to US on fraud charges

Chronicle Live

M&S shoppers warned over 'fake website' scam

Fraudsters are building fake websites that look like the M&S website

Evening Standard

Tech & Science Daily podcast: Could we see a UK digital pound?

The UK government is laying down the groundwork for a possible national cryptocurrency, or ‘digital pound’.

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The Independent UK

UK investors caught up in FTX collapse make reports to police

The total loss reported was £1.16 million, with the biggest individual loss at £1 million.

Tribune News Service

Commentary: We should celebrate, not bemoan, the swift collapse of FTX

If indeed all the reports are true— that the cryptocurrency exchange FTX lent out billions of dollars in customer deposits for risky bets without their consent — then the world should celebrate its swift demise. Markets are ruthless in rewarding success and punishing failure. And FTX’s fall from grace over…

Bangkok Post

SEC probes embattled crypto exchange Zipmex

The Securities and Exchange Commission is investigating whether the embattled crypto exchange Zipmex, which is in the midst of being taken over by a Thailand-linked venture capital fund, breached local rules in its offer of certain digital-asset products.

Insider UK

Strikes underway at Glenrothes offshore supply chain provider

Union members respond to 'paltry' 3% pay rise offer

Tribune News Service

Trump Organization finance chief Allen Weisselberg sentenced to 5 months for tax fraud, judge condemns ‘offensive’ greed

NEW YORK — A New York judge on Tuesday condemned the “offensive” greed of the Trump Organization’s Chief Financial Officer Allen Weisselberg before sentencing him to five months behind bars.

WEKU

Coinbase lays off around 20% of its workforce as crypto downturn continues

This latest round of job cuts, around 950, comes after the company laid off about 1,100 people back in June.

Tribune News Service

What the FTC’s noncompete agreement ban could mean for you

Noncompete agreements bar about 30 million American workers from quitting their jobs to work for rival companies or start their own businesses, a practice that the Federal Trade Commission calls exploitative and wants to ban.

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