The Latest Breaking News from Crypto

Bankman Fried’s FTX is now reportedly under investigation by authorities in the US and the Bahamas after up to $2bn in client funds vanished

Andrew Bragg says businesses promote themselves as regulated – despite there being no regulation of cryptocurrency in Australia

Australian shares close higher as European stocks rise on hopes of smaller interest rate rises from the US. Meanwhile, Binance announces a $US1 billion crypto bailout.

The downfall of crypto exchange FTX starkly displays the ties between those who sell the ideas and those who write the big checks.

Tech stocks are collapsing, crypto is imploding, and the metaverse is a flop. We’re entering the digital dark times.

The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers

While the crypto world reels from the FTX collapse, one state attorney general calls for legislation that would ban investing retirement funds in cryptocurrencies.

The crypto market has witnessed a steep decline this year with investors’ declining appetite for high-risk/high-return assets amid the rising interest rates. As cryptocurrencies are expected to remain under pressure, it could be wise to steer clear of crypto-focused stocks Block (SQ), Coinbase Global (COIN), and Riot Blockchain (RIOT). Read…

A cryptocurrency analyst says watch out for a domino effect as New York's governor signs a crypto-mining-moratorium bill into law.

The federal government has some advice for workers contemplating adding bitcoin or another cryptocurrency to their retirement holdings: Don't.

FTX customers may be facing huge losses, but most are in a holding pattern until bankruptcy proceedings bring some clarity and order to how the failed cryptocurrency exchange's assets will be handled.