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The Latest Breaking News from Crypto

Treating cryptocurrencies as gambling would be 'a backwards step'

A government committee report has proposed new regulation for the nascent industry

Insider UK

Shaq’s been on TV nonstop during the NBA playoffs—but here’s the strange tale of how he avoided FTX crypto class action papers for months

The chase was part of a much publicized, multi-billion dollar class action suit brought against eleven celebrities who’d famously promoted the bankrupt crypto exchange FTX.

Fortune

OPINION - Tech & Science Daily podcast: Should crypto trading be treated like a type of gambling?

The Treasury Committee says that consumer cryptocurrency trading should be regulated as gambling.

Evening Standard

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EU passes the world's first regulatory framework for crypto

Satoshi Nakamoto does not approve of this message.

PC Gamer

Crypto legal maneuvering could create a nightmare scenario for liberals

Why Coinbase’s lawsuit against the SEC is more than what it seems.

Fortune

Ripple acquires crypto custodian Metaco for $250 million

The company declined to provide additional details on the deal.

Fortune

The MPs are right -- bitcoin is just gambling and should be treated as such

City Comment: Forget the UK as a global crypto hub

Evening Standard

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Cryptocurrency trading should be regulated as gambling, says Treasury Committee

Unbacked cryptoassets pose significant risks to consumers, given their price volatility and the risk of losses, the committee said.

The Independent UK

Cryptocurrency trading should be regulated as gambling as it ‘serves no useful purpose’ otherwise, MPs say

The Committee said regulating cryptocurrencies as financial products risked giving people a false sense of security in the assets

Evening Standard

MiCA drop: Europe seals the deal on the world’s first comprehensive crypto law

The crypto sector loves the EU's new law for the certainty and consistency it promises.

Fortune

Crypto rules get final approval to make Europe a global leader on regulation

European Union states have given final approval to a sweeping set of beefed-up cryptocurrency rules, giving the 27-nation bloc a global lead in regulating the freewheeling sector

The Independent UK

Jump's sleazy Terra deal is another black eye for crypto

A secret deal between the creator of the failed stablecoin Terra and a prominent trading firm is a bad look for the industry.

Fortune

Jump Trading made $1.28 billion by secretly propping up Terra a year before the algorithmic stablecoin collapsed, court filings show

Jump Trading reportedly profited $1.28 billion from the arrangement.

Fortune

Hong Kong Banks Looking To Be The Leader In Cryptocurrency Moving To Virtual Assets

Hong Kong is encouraging banks to cater to the needs of licensed virtual-asset firms — a move that highlights the city's ambition.

Zenger

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Fortune

OpenAI’s Sam Altman approaches $100 million in funding for Worldcoin, the crypto project that scans your irises to prove you’re not a robot

Worldcoin plans to publicly launch out of beta in the first of half of 2023.

PC Gamer

Dark web crypto-drug traffickers 'can try to hide in the furthest reaches of the internet, but the Justice Department will find you'

With a fentanyl epidemic on its hands, the US Department of Justice has just made its biggest bust yet targeting the dark web.

Evening Standard

How to buy Cardano (ADA)

Cardano and its native cryptocurrency ADA were created by one of Ethereum’s co-founders in 2017.

The Guardian - US

The apocalypse isn’t coming. We must resist cynicism and fear about AI

Remember when WeWork would kill commercial real estate? Crypto would abolish banks? The metaverse would end meeting people in real life?

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news in one place.

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Fortune

Sam Altman is plowing ahead with nuclear fusion and his eye-scanning crypto venture—and, oh yeah, OpenAI

His plans for A.I., crypto, and nuclear fusion energy are all disruptive—and connected.

Fortune

Grimes and Bitcoin: How crypto and the open-source movement offer lessons for the music industry in the age of A.I.

The music industry wants to crack down on A.I.-generated songs. Grimes is trying a different approach.

Bangkok Post

Crypto miners ‘stole B500,000 a month worth of electricity’

SAMUT PRAKAN: Authorities have seized cryptocurrency mining hardware worth more than 5 million baht from two houses in Samut Prakan where electricity theft exceeded 500,000 baht a month.

TechRadar

Watch out - that urgent PayPal email could be a phishing scam

A pair of crypto-related phishing email scams are making the rounds - here's what you need to know.

Fortune

Binance to leave Canada—the one-time home of cofounder CZ—claiming market conditions are 'no longer tenable'

The move comes amid global regulatory scrutiny for the leading crypto exchange.

Fortune

The crypto world doesn't need Robert F. Kennedy Jr.

JFK's nephew, a known crackpot, will be rolling out his presidential campaign at Bitcoin Miami.

Fortune

A former FTX insider joins the class action lawsuit against celebs like Tom Brady and Shaq who touted crypto

Dan Friedberg, former compliance chief at FTX, will cooperate with lawyers bringing a class action suit against celebrity promoters.

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