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The Latest Breaking News from Crypto

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Fortune

Coinbase stock up more than 10% since Friday, despite debt rating downgrade

The cryptocurrency exchange’s shares are now worth approximately $55. Moody’s downgraded the exchange’s debt just a day before the price rally.

Fortune

Bailout backed to recoup crypto millions

Cryptocurrency firm Digital Surge will survive as creditors vote for a bailout after hours of questions put to administrators by some of the 30,000 investors.

AAP

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Fox’s Shannon Sharpe Apologizes for Incident at Grizzlies-Lakers Game

The Fox analyst opened Undisputed on Monday by apologizing for his role in the incident at Crypto.com Arena on Friday night.

Sports Illustrated

Bitcoin’s weekend rally pushes it above $23,000, adding to a stellar start to 2023

The cryptocurrency jumped above the $23,000 mark for the first time since last August.

Fortune

NBA World Reacts to Shannon Sharpe, Tee Morant Incident

A shocking scene broke out at Crypto.com Arena on Saturday night between the former NFL star, the Grizzlies and Ja Morant’s father.

Sports Illustrated

What next for French victims of the FTX cryptocurrency exchange collapse?

The collapse of the FTX cryptocurrency exchange has had repercussions around the globe, with more than a million clients losing money overnight. In France, some 50,000 to 60,000 people were affected. As they look for legal solutions to get their money back, will the victims continue to invest in cryptocurrency?

Radio France Internationale

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FTX judge backs firm’s lawyers, rejects last minute ‘rumors’

The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case, concluding that last-minute attacks on the lawyers were mere “rumors.”

Tribune News Service

Memphis Grizzles vs. Los Angeles Lakers, live stream, channel, time, how to watch NBA

The Memphis Grizzlies will travel to Los Angeles to take on the struggling Los Angeles Lakers at the crypto.com Arena on Friday night.

USA Today Sports Media Group

The crypto lender Gemini just filed for bankruptcy. Here are the biggest creditors

The company owes $3.4 billion to top firms including Genesis and ByBit's venture arm.

Fortune

Anyone want to buy a crypto media company?

Coindesk is on the block. Their best hope for a buyer is a benevolent crypto baron.

Fortune

Bank of England Governor in cryptocurrency warning

Andrew Bailey said people holding unbacked crypto could lose all their money while the BoE remains committed to cash

Birmingham Post

Crypto lender Genesis files for Chapter 11 bankruptcy in US

Firm is latest casualty in sector as cryptocurrencies contagion spreads after FTX collapse

The Guardian - UK

Crypto woes intensify after lender Genesis files for bankruptcy

The firm formed part of the empire of billionaire Barry Silbert

Evening Standard

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Al Jazeera

Crypto giant Genesis files for bankruptcy, after FTX collapse

Cryptocurrency lender’s bankruptcy is the latest blow to the sector following the arrest of Sam Bankman-Fried.

Al Jazeera

New FTX boss says bankrupt crypto exchange could restart: Report

CEO John Ray has set up a task force to explore restarting FTX.com, its main international exchange, WSJ reports.

Fortune

JPMorgan CEO Jamie Dimon says that Bitcoin is a ‘hyped-up fraud’ and cryptocurrencies are a ‘waste of time'—but blockchain is a 'deployable' technology

“I think all that's been a waste of time and why you guys waste any breath on it is totally beyond me,” Dimon told CNBC on Thursday. “Bitcoin itself is a hyped up fraud. It’s a pet rock.”

The Independent UK

Cryptocurrency news - live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Department of Justice officials say they will reveal the news at 12pm in Washington DC

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Financial Times

The clowns of cryptoland haven’t given up

Making money out of failure is morally bankrupt

The Times of India

Crypto exchange Bitzlato’s founder arrested in $700 million laundering scheme

A Russian was charged with money laundering through a cryptocurrency exchange that allegedly masked the proceeds of illegal gambling and drug deals valued at more than $700 million, as the US goes after criminal suspects in the digital space.

Fortune

Peter Thiel’s Founders Fund generated more than $1 billion by offloading an 8-year Bitcoin bet just before markets soured

Founders Fund first bought Bitcoin in 2014 when the cryptocurrency traded for under $1,000.

Fortune

Binance admits to further management issues with stablecoin assets

The world’s largest crypto exchange has come under scrutiny for lack of transparency with its wallet administration.

Los Angeles Times

Have celebs learned their lesson from the FTX debacle?

Strolling out of a football stadium, Tom Brady makes his pitch for the crypto trading platform FTX.

Fortune

‘Inherently speculative … slightly crazy’: Davos bigwigs snipe at crypto and call for more regulation

Senior Minister Tharman Shanmugaratnam of Singapore said instead of regulating crypto it may be better to emphasize it’s unregulated so investors can make their own decisions.

The Independent UK

Cryptocurrency news – live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Bitcoin prices took a dive ahead of the DoJ announcement

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