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The Latest Breaking News from Crypto

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.

Fortune

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.

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.

Tribune News Service

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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.

Fortune

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…

France 24

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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.

Fortune

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

Evening Standard

UK-founded crypto firm Blockchain.com lays off almost a third of workforce

UK-founded crypto brokerage Blockchain.com is set to cut 28% of its workforce as the so-called ‘crypto winter’ intensifies.

Evening Standard

Get-rich-quick crank Simon Stepsys in court for cheating the taxman

Stepsys has a long history of plugging crypto schemes that turn into disasters, when he's not busy posting pictures of himself online

Daily Mirror

Bitcoin extends its longest winning streak since Covid days

A prolonged rally in Bitcoin is giving crypto enthusiasts a smidgen of something to be happy about during a dark period for the industry.

The Times of India

Tom Brady and New England Patriots owner 'lose fortune' as £26billion crypto goes bust

Cryptocurrency site FTX has gone bankrupt and lots of rich investors have taken a big financial hit, including the likes of Tom Brady and New England Patriots owner Robert Kraft

Daily Mirror

Individual creditor names remain secret in FTX bankruptcy

The judge presiding over the bankruptcy of cryptocurrency exchange FTX Trading is allowing the company to maintain a veil of secrecy over the names of individual customers and creditors

The Independent UK

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Fortune

Ripple: ‘Congress must examine the SEC’s role in the recent crypto contagion’

For the last two years, Ripple has been arguing that the SEC is overreaching on crypto regulation. It's time for the new Congress to provide certainty.

Fortune

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Instead of the heady days of the Fed-induced asset bubble, times have been personally and professionally tough for the owner of crypto lender Genesis.

Bangkok Post

SEC probes embattled crypto exchange Zipmex

The Securities and Exchange Commission is investigating whether the embattled crypto exchange Zipmex, which is in the midst of being taken over by a Thailand-linked venture capital fund, breached local rules in its offer of certain digital-asset products.

Fortune

Cameron Winklevoss calls for ouster of Barry Silbert as Gemini-Digital Currency Group feud intensifies

Winklevoss said DCG needs a new CEO so the two companies can settle their issues out of court.

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WEKU

Coinbase lays off around 20% of its workforce as crypto downturn continues

This latest round of job cuts, around 950, comes after the company laid off about 1,100 people back in June.

Zenger

Creator Of Mutant Ape Planet NFT Aurelien Michel Arrested

Mutant Planet Ape (MAP) NFT creator Aurelien Michel was arrested for defrauding investors of $2.9 million in crypto currency.

Fortune

Coinbase just announced it was laying off 20% of its staff amid broader cuts in the crypto industry

The company reached a $100 million settlement over compliance violations with regulators last week.

Fortune

What's next for crypto VCs

Venture capital investment in crypto has waned, but it could pick back up by the summer.

Evening Standard

Coinbase lays off almost 1,000 staff as crypto winter bites

The move is the latest in a string of successive job cuts at the firm as it seeks to weather turmoil in the crypto markets

Fortune

'A fraud and a bubble are two different things': Crypto is shocking to a financial historian who literally wrote the book on financial bubbles

Financial historian William Quinn says crypto is either the smartest “Ponzi” or the stupidest “bubble” in history: “And the truth is probably somewhere in the middle.”

Fortune

The future of U.S. crypto sanctions

A new Chainalysis report highlights how the Office of Foreign Assets Control has been targeting bad actors in the crypto sector.

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