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The Latest Breaking News from Crypto

Don't throw the crypto baby out with the mercenary bathwater

The Reserve Bank is preparing for the day when cryptocurrency goes mainstream in New Zealand but there are plenty of sceptics who doubt the benefits of digital assets. Ben Rose argues the case for moving forward.

Newsroom.co.nz

Inside the meeting where Caroline Ellison came clean to Alameda staff, per a secret recording from an employee who started 3 days earlier

“I’m sure this wasn’t a YOLO thing, right?” Christian Drappi, another Alameda employee, asked the crypto hedge fund's former CEO.

Fortune

Justin Sun Moves Millions In ETH To Lido, Sparking Price Drop Concerns

Tron founder Justin Sun transfers millions of dollars worth of ETH to Lido platform, raising concerns about price drop.

Zenger

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read the most diverse news in one place.

Bitstamp To Exit Canadian Market As Cryptocurrency Exchange Shake-Up Continues

Luxembourg-based exchange discontinues services for Canadian customers, plans to refocus on regions with favorable regulations.

Zenger

Standard Chartered says Ether could reach $8,000 by 2026 as blockchain upgrades continue

The second-largest cryptocurrency by market cap is trading near a six-month low.

Fortune

Don't blame crypto for the massacre in Israel. Blame Hamas

A report found the terrorist group had millions in crypto wallets. What's the implication of that?

Fortune

Sam Bankman-Fried laughed, scoffed, and visibly shook his head during Caroline Ellison’s second-day testimony, prosecutor tells judge

The FTX founder’s alleged behavior stands in contrast to how he’s previously reacted to other witnesses.

Fortune

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Game Of Silks Raises $5M, Hits $10M Funding Milestone For Fantasy Horse Racing NFT Platform

Blockchain intelligence firm Messari reports lowest Q3 fundraising in three years for crypto sector.

Zenger

Cryptocurrencies Decline As Fed Minutes Reveal Anticipation Of Rate Hike

Major cryptos see drop as majority of committee members expect at least one more rate increase

Zenger

Plenty of VCs have made big crypto bets that could actually pan out

FTX made a $500 million bet on AI startup Anthropic—and plenty of other VCs have viable crypto investments.

Fortune

Caroline Ellison: ‘Sam was the one’ who caused FTX collapse

In June 2022, amid the broader crypto meltdown, Caroline Ellison and FTX co-founder Sam Bankman-Fried were looking at a massive hole in Alameda Research’s balance sheet.

The Times of India

Caroline Ellison’s latest testimony included utilitarianism, Saudi money, Thai prostitutes, and ended in tears: ‘The worst week of my life’

“Rules like 'don’t lie' or 'don’t steal' didn’t fit in that framework,” the former Alameda CEO said of Sam Bankman-Fried’s utilitarianism.

Fortune

Bitcoin Miners Sell Largest Amount Since April, Adding Sell Pressure

Miners capitalize on higher prices, selling over 20,000 BTC; Market faces significant downward pressure.

Zenger

FTX was a boys’ club. When Caroline Ellison asked Sam Bankman-Fried for equity in the hedge fund she ran, he said ‘it was too complicated’

The former CEO of Alameda Research had only a half-a-percentage-point stake in FTX and no equity in the crypto hedge fund she once led, she testified on Tuesday afternoon.

Fortune

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The Independent UK

Promotion of crypto assets in sport poses risks to clubs and fans, MPs warn

The Culture, Media and Sport Committee is recommending the Government take steps to reduce the risk to those who deal in NFTs and other crypto assets

Fortune

Amazon Web Services expands roster by adding blockchain gaming firm Immutable, valued at $2.5 billion

Cloud computing giants like AWS and Google Cloud continue to announce partnerships with high-profile crypto companies.

Fortune

FTX cofounder Gary Wang says he took out $200 million to $300 million in loans from Alameda Research for investments he couldn’t ‘recall’

Interest payments for the loans became so cumbersome that Wang took out a loan just to pay for them.

Fortune

Bitcoin dominance in crypto market approaching 50% as Sam Bankman-Fried trial and geopolitical risk fuel flight to safety

Many investors have pulled back from the second most popular coin, Ether.

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Zenger

FCA Intensifies Scrutiny On Crypto Sector; Exchanges Face Regulatory Backlash

U.K. Regulator Cracks Down on Crypto Exchanges Huobi and KuCoin

The Guardian - UK

‘I felt powerless’: how a crypto scam cost a finance boss £300,000

Investment manager tells of how fraudsters managed to persuade him to hand over his life savings

Zenger

Cryptocurrencies Decline Amid Israel-Hamas Attack, Adding Geopolitical Risk To Fragile Market

Bitcoin and major cryptos drop as Israeli-Palestinian conflict escalates, compounded by inflation and interest rate concerns.

Zenger

BitMEX Co-Founder Arthur Hayes Identifies Two Key Catalysts For Cryptocurrency Bull Run

Artificial intelligence commercialization and unprecedented money printing to propel crypto markets, says Hayes.

Fortune

Coinbase's security team has fought crypto hackers for a decade: here's what has to change

An interview with Philip Martin shows how the crypto industry needs to shift its values when it comes to security.

Fortune

Everything we learned from week 1 of Sam Bankman-Fried’s trial

Cofounder Gary Wang and venture capitalist Matt Huang have already taken the stand.

Fortune

Bankman-Fried’s trial enters week 2: What’s happened so far, and what to expect when his ex takes the stand

Ellison is the former CEO of Alameda Research, Bankman-Fried’s ex-girlfriend, and the prosecution’s star witness.

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