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The Latest Breaking News from Crypto

'The money is gone': Bahamas tries to turn page after FTX

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs

The Independent UK

The ‘everything bubble’ has popped and the experts on Wall Street and in Silicon Valley were spectacularly wrong about a ton of things

Morgan Stanley analysts were sure Carvana stock would hit $430 a share and the crypto faithful believed Bitcoin would top $1 million.

Fortune

LeBron James returns and leads injury-riddled Lakers to fourth consecutive win

LOS ANGELES — The star returned for the Los Angeles Lakers after missing the previous game with a non-COVID illness, but when LeBron James stepped onto the Crypto.com Arena court Friday night, he had to play without three more of his trusty mates and had to incorporate a new face…

Los Angeles Times

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McCarthy Took $2 Million From FTX Crypto Scam Co-Founder

He hasn't said what he intends to do about the money, while other Republicans have turned FTX funds over to the U.S. Treasury.

Zenger

Sam Bankman-Fried's lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

Fortune

Crypto Twitter, mainstream media, and who really exposed FTX

The Washington Post suggests pseudonymous Twitter accounts and Substack writers had an outsize role in exposing FTX.

Fortune

Kings stumble against Bruins in third period

LOS ANGELES – On a day where the Los Angeles Kings’ top prospect won a gold medal, the parent club was busy with a big game of its own Thursday, falling to the NHL-pacing Boston Bruins 5-2 at Crypto.com Arena.

The Orange County Register

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The Winklevoss twins are in another mess—and it has to do with crypto

“The idea in your head that you can quietly hide in your ivory tower and that this will all just magically go away, or that this is someone else’s problem, is pure fantasy,” Cameron Winklevoss wrote to former friend Barry Silbert.

Fortune

As pressure builds, crypto firm Genesis cuts 30% of workforce

Several firms have suffered from waning investor appetite for crypto after major exchange FTX blew up late last year.

Al Jazeera

YouTuber accuses Logan Paul of turning his crypto game into a scam

YouTuber Coffeezilla says Logan Paul turned cryptocurrency game CryptoZoo into a scam, though Paul denies making a profit

USA Today Sports Media Group

Kathleen Breitman of Tezos on 5 crypto trends that need to die—and 1 big reason for optimism

The downturn of 2022 culled many projects with shaky fundamentals—or that were outright frauds—but 2023 is the year that can reward honest actors in the space.

Fortune

Silvergate forced to cover $8bn worth of crypto-related withdrawals

The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales

The Guardian - UK

The Winklevii and Barry Silbert are in an ugly public spat. Who's right?

The dust-up between Gemini and DCG doesn't leave either party looking very good.

Fortune

Tech layoffs 2023 tracker: Amazon, Salesforce announce big job cuts

NEW YORK: Layoffs that began in 2022 are accelerating across some technology companies.

The Times of India

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USA Today Sports Media Group

Miami Heat vs. Los Angeles Lakers, live stream, channel, time, how to watch NBA

The Miami Heat and the Los Angeles Lakers will face off in NBA action at the Crypto.com Arena on Wednesday night.

AAP

Aussies stung for millions in crypto crash

The FTX collapse wiped many crypto wallets and took out smaller exchanges, but administrators for Aussie platform Digital Surge are working on a rescue plan.

StockNews.com

1 Stock That Proves You Shouldn't Buy What You Know

Chip stock NVIDIA Corporation (NVDA) is highly popular among investors. However, the company is facing demand softness in China and export restrictions. Demand for GPUs from the gaming industry has been weak. Moreover, the stock trades at an expensive valuation amid an uncertain macroeconomic environment. Therefore, it could be wise…

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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Fortune

Catch up on crypto with these 5 stories

Here's a roundup of some excellent crypto and finance writing you likely missed in the last 10 days.

Fortune

Crypto took such a beating in 2022 that U.S. regulators have teamed up for the first time to sound the alarm to banks

Deutsche Bank, Wells Fargo, Citigroup and Bank of America have all invested in crypto staffing divisions in recent years.

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.

Zenger

Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report

Banking giant Citigroup considered partnering with Alameda Research, now-bankrupt crypto trading firm, to launch a crypto lending.

Fortune

The Crystal Ball: VCs, private equity investors, and tech founders predict what will happen in crypto in 2023

Term Sheet readers weigh in on what this year will hold for crypto.

Fortune

A judge just froze Sam Bankman-Fried’s ability to access FTX and Alameda funds days after reports of transactions from crypto wallets previously associated with him

Bankman-Fried tweeted on Dec. 30 that he was not behind the transfers, but federal prosecutors are reportedly looking into the transactions.

WEKU

Sam Bankman-Fried pleads not guilty to fraud and other charges tied to FTX's collapse

The co-founder and former CEO of FTX pleaded not guilty to eight criminal counts related to the spectacular collapse of his crypto exchange.

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Dipanjan BanchurSince

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