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The Latest Breaking News from Crypto

Short-handed Lakers give Bucks a fight but fall short

LOS ANGELES — There were smiles — lots of smiles — in the back hallways of the Crypto.Com Arena on Thursday evening, the Los Angeles Lakers purging roster problems in the previous two days, restocking the roster with younger players more suited to complement the team’s stars.

Los Angeles Times

Cryptocurrency exchange Kraken to shut down staking service for US users, pay $43 million in fines

The settlement marks the regulator's first crackdown on staking, a common service offered at both centralised and decentralised crypto exchanges, including most of the major exchanges such as Coinbase and Binance.

ABC News

PayPal CEO to step down amid economic turbulence and slumping shares after years of breakneck growth

Dan Schulman joined PayPal in 2014, shortly before the company split from eBay.

Fortune

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Gary Gensler hits Kraken with $30 million settlement, prompting outcry of 'regulation by enforcement'

The decision is a win for Gary Gensler’s SEC and sheds doubt on the future of staking.

Fortune

SEC preparing disclosure rules for crypto exchanges

The Securities and Exchange Commission (SEC) is preparing to require cryptocurrency exchange operators to disclose the risks involved in their trade, the regulator said on Thursday.

Bangkok Post

Embattled FTX founder Sam Bankman-Fried bucks legal norms and keeps talking in fraud case

Sam Bankman-Fried, the founder and former CEO of FTX, has been unusually talkative following the November collapse of the cryptocurrency exchange and his subsequent indictment on fraud and other charges

The Independent UK

Cyber firm cracks OneKey crypto wallets, raises broader questions of hardware security

The vulnerability has been patched but the episode raises questions about crypto hardware wallets more broadly.

Fortune

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Jesús ‘Chuy’ García's congressional campaign says it will return Bankman-Fried money to investors

CHICAGO — Chicago mayoral candidate Jesús “Chuy” García’s congressional campaign says it will cut a check for $2,900 to repay clients of a collapsed cryptocurrency exchange the same amount of money the disgraced former head of the business contributed to García’s reelection war chest.

Chicago Tribune

Investors still trust anonymous crypto founders with millions—even after the FTX meltdown

Crypto investors have put millions into ventures run by 'anons.' Sam Bankman-Fried and the FTX collapse have only strengthened their faith.

Fortune

Robinhood to buy back Sam Bankman-Fried's stake in brokerage

The decision follows a months-long fight over who owns the 7.6% stake in Robinhood after FTX declared bankruptcy.

Fortune

Regulators unable to intervene with potential ponzi seminar

Unable to step into a regulatory grey area, NZ’s watchdogs have to rely on the media to spread caution.

Newsroom.co.nz

Here come the crypto intellectual property wars

Crypto is barely a decade old but already it has resulted in novel cases in the fields of copyright, patent, and trademark law.

Fortune

Welsh cryptocurrency protection firm Coincover secures $30m investment to expand

It is one of the biggest investment rounds ever into a Welsh start-up

Birmingham Post

ChatGPT mania spurs crypto fans’ stampede to ‘faddish’ AI tokens

Count on crypto fans to jump on any burgeoning trend as fast as they can.

The Times of India

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The Independent UK

FTX founder keeps talking, ignoring typical legal strategy

Financial Times

‘Sam? Are you there?!’ The bizarre and brutal final hours of FTX

How Sam Bankman-Fried and his band of millennial millionaires lost a $40bn crypto empire

Fortune

Robinhood’s crypto business continues to decline during Crypto Winter as customers steer clear of trading

The drop came amid a major retrenchment in the crypto industry.

USA Today Sports Media Group

PHOTOS: Best images from the Thunder’s 133-130 win over the Lakers

Lots of good photos from this one as the Thunder come away with a win and the league celebrates LeBron James becoming the new all-time scoring leader.

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Fortune

Binance executive says balance sheet audit is ways off

After the fall of FTX, cryptocurrency exchanges have been pressured to show that their customers’ assets are secure.

Fortune

With crypto banking on the brink, rumors are flying

An obscure government office is at the center of uncertainty for two key companies.

USA Today Sports Media Group

Lakers player grades: LeBron gains record, but L.A. loses to Thunder

While LeBron James got Crypto.com Arena excited on Tuesday by breaking the NBA's career scoring record, the Lakers fell to the Thunder.

Tribune News Service

NYC judge refuses to sign off on new bail terms reached between Sam Bankman-Fried and the feds

NEW YORK — A Manhattan judge rejected a request Tuesday from embattled crypto entrepreneur Sam Bankman-Fried to modify the conditions of his $250 million bail.

Fortune

Former Coinbase employee admits to insider trading

This is the first time an insider has admitted guilt in an insider-trading case involving cryptocurrency, the Justice Department said in a statement.

Fortune

Why Barry Silbert and the Winklevoss twins are now damaged goods

The men made the crypto industry what it is today but now they are damaged goods.

Fortune

Anthony Scaramucci says his experience with FTX and its ‘sociopathic’ founder Sam Bankman-Fried was ‘extremely disappointing.’ So why is he investing in a company run by a former executive of the imploded exchange?

Scaramucci accused the FTX founder Sam Bankman-Fried of intentionally duping many people, but said he had faith in former FTX exec Brett Harrison.

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