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The Latest Breaking News from Crypto

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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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

The Independent UK

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.

Fortune

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FCA Intensifies Scrutiny On Crypto Sector; Exchanges Face Regulatory Backlash

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

Zenger

‘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

The Guardian - UK

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.

Zenger

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.

Fortune

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Zenger

Gitcoin’s Market Position And Future Expectations: An Interview With Azeem Khan

Azeem Khan, Head of Impact at Gitcoin, discusses the platform's growth, recent partnership with Shell, and the future of the crypto industry.

The Guardian - UK

Going Infinite by Michael Lewis review – the downfall of crypto king Sam Bankman-Fried

In this extraordinary book, the author of The Big Short digs into the roots of the ideological fantasy land created by the cryptocurrency billionaire now on trial in the US

Zenger

CMCC Global Launches $100M Crypto Fund For Hong Kong Startups

Hong Kong-based venture capital firm focuses on equity investments in blockchain startups

Zenger

Cryptocurrencies Plunge As Investors Await Jobs Data

Major cryptos drop amid anticipation of key economic indicators that could impact interest rates.

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Zenger

Basel Committee Pushes For Crypto Asset Disclosure In Banking Sector

BCBS aims to increase transparency and oversight as digital assets gain prominence

Kiplinger

What Cryptocurrency Is and How Bitcoin Works

Now is the time to gain basic knowledge about cryptocurrency and bitcoin – before you put your hard-earned money to work in a high-risk space.

The Times of India

Himachal Pradesh crypto currency scam: SIT searches 35 locations across 3 states

SHIMLA: In a significant operation the Special Investigation Team (SIT), constituted to investigate the cases related to the multi-crore crypto currency fraud in Himachal Pradesh, conducted searches in 35 locations 7 districts and one police district of Himachal Pradesh beside Punjab and Chandigarh on Saturday.

The Guardian - US

‘Math nerd’ or crypto criminal? Question at heart of Sam Bankman-Fried’s trial

Prosecutors have depicted a malicious financial mastermind, but his defense says he’s just a wayward boy genius. Which will jurors believe?

Fortune

Sam Bankman-Fried wanted to shut down trading firm Alameda weeks before FTX bankruptcy, says co-founder Gary Wang

FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.

Fortune

Crypto’s decentralization problem: The word is used too often to justify bad product decisions

A conversation with the VC firm Variant shows that some in the industry are taking a more practical view of the decentralization ideal.

Fortune

AI is getting ‘more hype than it deserves,’ Warren Buffett’s right-hand man says

Charlie Munger is also warning most crypto investments “are going to zero.”

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