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The Latest Breaking News from Crypto

Crypto bank Silvergate reports $1 billion loss

The company's share price has plummeted following the collapse of its client, FTX.

Fortune

TaxBit to acquire software startup Tactic to expand its crypto accounting services

TaxBit CEO Austin Woodward said the company plans to expand on Tactic's customer base of small and medium businesses and target larger companies.

Fortune

Bitcoin Relief Rally Spurs Big Crypto Gains

After ending the previous year deep in the red, cryptocurrency prices are soaring again on the back of sudden buying

Zenger

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Is crypto about to go extinct?

It will likely survive, but only after more firms and currencies crash and burn. Here’s why.

Al Jazeera

What’s the true value of crypto? It lays bare the lies of libertarians

The downfall of the FTX cryptocurrency exchange proves how much markets need rules, writes Zoe Williams

The Guardian - UK

Seriously? The 3AC hedge fund bros are raising $25M for a new crypto exchange

After burning Three Arrows Capital investors, fugitives Kyle Davies and Su Zhu want money to start an exchange for crypto bankruptcy claims.

Fortune

Japan pushes global counterparts to regulate crypto like banks

Japan is urging the world’s regulators to treat crypto as strictly as they do banks, adding to the calls for tougher rules following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange.

Tribune News Service

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Anthony Scaramucci Invests In Former FTX US CEO’s New Company Showing New Interest In Crypto

Skybridge Capital founder Anthony Scaramucci, who was among the featured speakers at Future Of Crypto event.

Zenger

Bitcoin soars past $20,000. Here's what's behind the recent rally

Bitcoin has broken out again after months at $17,000. Here are some theories to explain the recent rally.

Fortune

Kings stumble against visiting Devils

LOS ANGELES – For one Saturday night, Los Angeles was the city of Devils as the Kings fell 5-2 to the visitors from New Jersey in an interconference clash at Crypto.com Arena.

The Orange County Register

Denver Nuggets vs. Los Angeles Clippers, live stream, channel, time, how to watch NBA

The Denver Nuggets and the Los Angeles Clippers will face off at the Crypto.com Arena on Friday night in a highly anticipated NBA matchup.

USA Today Sports Media Group

Garcia tries to distance himself from indicted crypto mogul Sam Bankman-Fried

Under fire by Mayor Lori Lightfoot, U.S. Rep. Jesus “Chuy” Garcia said he has never met nor spoken to Bankman-Fried and has no idea why he spent $151,420 on direct mail pieces that introduced Garcia to voters of his newly remapped congressional district.

Chicago Sun-Times

Environmental group sues New York for approving crypto mining facility

Lawsuit argues move to allow energy-intensive cryptocurrency miner to take over power plant violates state’s 2019 climate law

The Guardian - US

Cryptos are nothing but gambling, their value only make-believe: RBI governor

MUMBAI: Reserve Bank governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their perceived “value is nothing but make-believe."

The Times of India

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Fortune

Gary Gensler throws crypto investors under the bus—again

The SEC Chair continues to favor after-the-fact publicity stunts over constructive crypto regulation.

Fortune

This week in the metaverse: A new Bored Ape game, memecoin-themed NFTs, and a possible virtual bar from the makers of Absolut Vodka

Yuga Labs launches a new mint for existing Bored Ape NFT holders tied to a new game, plus news of a sold out meme-coin themed NFT collection, and a look at Absolut's idea for a virtual bar.

Fortune

Edward Jones's CEO is steering clients away from 'fads' like crypto

Investment fads like crypto will never be part of Edward Jones's offerings, CEO Penny Pennington says.

Tribune News Service

FTX’s Sam Bankman-Fried launches newsletter to defend himself: ‘I didn’t steal funds’

Disgraced cryptocurrency CEO Sam Bankman-Fried launched a newsletter Thursday in his latest attempt to defend himself.

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Tribune News Service

Mark Cuban to be deposed in Voyager Digital lawsuit for promoting defunct crypto platform

Billionaire Mark Cuban will be questioned under oath in February about promoting the now-bankrupt crypto platform Voyager Digital.

Fortune

SEC accuses Gemini and Genesis of selling unregistered securities

The complaint heightens weeks of turmoil between two of crypto's top companies.

Fortune

Illicit crypto transactions rose again in 2022, exceeding $20 billion

A report by Chainanalysis claims that nearly half of those transactions were linked to sanctioned platforms.

Fortune

Genesis is on the hook for $3 billion

The Financial Times also reported that Genesis has a portfolio valued at $500 million.

France 24

What next for crypto? Industry faces new challenges after rollercoaster year

2022 was a tumultuous year for crypto. One company fell after another, culminating with the spectacular collapse of the FTX cryptocurrency exchange and the arrest of its founder Sam Bankman-Fried, who is now under investigation for fraud. So what's in store for the industry this year? FRANCE 24's Kate Moody…

Fortune

Coinbase's relationship with the media has been fraught. Brian Armstrong can fix that

The Coinbase CEO embracing mainstream media could help his company—but also all of crypto.

Evening Standard

Illegal crypto activity hit all-time high of $20 billion in 2022

some crypto crooks may be shifting their focus to more vulnerable targets amid a Bitcoin bear market

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