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The Latest Breaking News from Binance

US crackdown seeks to push crypto back to the fringes of finance

Crypto’s free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country’s banking system.

The Times of India

What the regulators' move against Binance and Paxos means for crypto

The SEC and the state of New York just went after Binance's stablecoin and the firm that issues it.

Fortune

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

Fortune

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Cryptocurrency exchange Kraken to shut down staking service for US users, pay $43 million in fines

The settlement marks the regulator's first crackdown on staking, a common service offered at both centralised and decentralised crypto exchanges, including most of the major exchanges such as Coinbase and Binance.

ABC News

‘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

Binance executive says balance sheet audit is ways off

After the fall of FTX, cryptocurrency exchanges have been pressured to show that their customers’ assets are secure.

Fortune

Binance suspends bank transfers of U.S. dollars

The world’s biggest crypto exchange says only 0.01% of customers will be affected.

Fortune

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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.

The Times of India

Fortune and Mark Wahlberg's Unrealistic Ideas to produce SBF-CZ crypto documentary

The story of crypto's most fateful rivalry is coming to the screen with exclusive access to the CEO of FTX's biggest competitor.

Fortune

Adding Milk To Your Coffee May Be Good For You

Coffee beans are filled with the antioxidant, polyphenols, naturally occurring antioxidants, important for humans. The post Adding milk to your coffee may be good for you appeared first on Talker.

Zenger

My £6,000 fraud case could be solved, but the police won't even try

Fraud victim's dismay as Action Fraud say they are no leads - despite one clear line of enquiry

Daily Mirror

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Fortune

Binance admits to further management issues with stablecoin assets

The world’s largest crypto exchange has come under scrutiny for lack of transparency with its wallet administration.

Fortune

Bitcoin Relief Rally Spurs Big Crypto Gains

After ending the previous year deep in the red, cryptocurrency prices are soaring again on the back of sudden buying

Zenger

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The Guardian - US

Sam Bankman-Fried claims ‘I didn’t steal funds’ in first response to FTX case

Disgraced cryptocurrency boss says FTX customers could get their money back in statement published on Substack

France 24

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,…

Zenger

Creator Of Mutant Ape Planet NFT Aurelien Michel Arrested

Mutant Planet Ape (MAP) NFT creator Aurelien Michel was arrested for defrauding investors of $2.9 million in crypto currency.

Tribune News Service

After a year of collapses, cryptocurrency’s future in the balance

WASHINGTON — Spectacular cryptocurrency failures in 2022 have raised the stakes for the industry amid questions about the enduring viability of a technology that advocates say has the potential to revolutionize finance.

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Roll Call

After a year of collapses, cryptocurrency’s future in the balance - Roll Call

The cryptocurrency industry's failures in 2023 could mean its demise or a chance to regroup and build on its cultural reach.

Fortune

Fortune Crypto's 2022 Jealousy List

Here are some of the best crypto—and a few non-crypto—stories our reporters and editors read in 2022.

WEKU

2022 was the year crypto came crashing down to Earth

For the world of crypto, 2022 started with exuberance and ended with its unofficial spokesman in handcuffs.

Al Jazeera

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

The Conversation

Fuelled by hope and fear, cryptocurrency markets are primed for contagion

Financial contagions can be triggered easily, if conditions are right. First one financial institution falls and then others follow, like a chain of falling dominoes.

The Guardian - UK

Jo Johnson resigns from Binance advisory role

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

inkl Originals

The Weekly Wrap for Saturday, 17 December 2022

This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.

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