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The Latest Breaking News from Crypto

‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls

Sam Bankman-Fried’s crypto group showered employees with perks before collapsing into bankruptcy

Financial Times

Sam Bankman-Fried says he donated just as many millions to Republicans as Democrats

The former FTX CEO discussed in greater detail donations he made as Democratic Sen. Ron Wyden of Oregon called on crypto exchanges to be more transparent.

Fortune

Beto O’Rourke’s campaign returned surprise $1m donation from controversial crypto billionaire Sam Bankman-Fried

Embattled FTX founder was top donor to Democrats in 2022 midterms

The Independent UK

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Russian millionaire Vyacheslav Taran killed in helicopter crash near Monaco

Vyacheslav Taran is the third crypto millionaire to have died in unexpected circumstances recently

Evening Standard

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Tribune News Service

Peter Thiel, BlockFi, and the future of crypto

Peter Thiel, one of Bitcoin’s most powerful advocates, lost both financial and political capital amid November’s crypto wipe-out

Fortune

The man to thank for Qatar World cup betting ad crackdown: ASA chief Guy Parker

Under its longtime boss, the Advertising Standards Authority is now baring its teeth at greedy influencers, unscrupulous crypto firms and anyone making spurious eco claims

The Guardian - UK

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Keeping up with the SEC: Here's what Kim Kardashian and your financial advisor have in common

From Kim Kardashian to Tom Brady, celebrity endorsements of crypto and financial products are giving the SEC a headache.

Fortune

Opinion: 'Don't invest in cryptocurrency or NFTs unless you understand them'

"Just because it’s cheaper, doesn’t mean it’s useful"

Birmingham Post

In 2020 Sam Bankman-Fried tweeted about a VC ‘horror story.’ Now that investor reveals what he saw at Alameda Research—and why he walked

Alexander Pack said he and his Dragonfly team met with Alameda executives, including Bankman-Fried, more than a dozen times over a five-to-six-month period from 2018 to 2019.

Fortune

Russian crypto billionaire dies in 'freak' helicopter crash as 'other passenger cancels'

Vyacheslav Taran, who founded Forex Club and Libertex, died in a mysterious helicopter crash in Monaco as it's reported another unidentified passenger was due to join him but cancelled last minute

Daily Mirror

As FTX burned, lawmakers said to be dithering over regulator - Roll Call

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

Roll Call

Sam Bankman-Fried: Crypto’s Wolf of Wall Street

City Voices: Crypto still has a great future despite recent scandals

Evening Standard

Digital exchange Bitfront closes for business as crypto winter bites

The California based company stopped new customer sign ups at 5am today

Evening Standard

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The Guardian - AU

FTX collapse sends shockwaves through other Australian businesses

Withdrawals now suspended at the Brisbane-based cryptocurrency exchange Digital Surge for more than a week

Reason

Sam Bankman-Fried: Trust Is Everything

Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.

Tribune News Service

‘Crypto is done’: FTX collapse sends ripple through $78 billion sports sponsorship market

Imploded crypto company FTX’s hundreds of millions in sport sponsorships are being called into question and could cause other teams to review their crypto partners.

Tribune News Service

Crypto lender BlockFi goes bankrupt in aftermath of FTX

BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall.

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Fortune

Fundstrat saw Bitcoin hitting $200,000 before it fell to $16,000. Here’s why they’re still hopeful after a ‘horrific year’ for crypto

“It’s an important moment for the industry,” Fundstrat’s Tom Lee said. “I think there's a lot of people throwing gasoline in a crowded theater and yelling ‘fire.’”

Al Jazeera

Major crypto lender BlockFi files for bankruptcy protection

New Jersey-based BlockFi had links with crypto exchange FTX, which filed for bankruptcy protection earlier in November.

ABC News

$1.4b in superannuation tied up in 'wild west' cryptocurrency as the FTX fallout continues

Mum and dad investors including pensioners are facing big losses on their savings, as the ripple effect from the collapse of global cryptocurrency exchange FTX continues.

Fortune

A VC who’s been panning crypto since 2017 discusses where he’s investing now

Ramy Adeeb says his firm, 1984 Ventures, tries to avoid the flavor of the day, whether it’s [hotlink]Google[/hotlink] Glass, 3D printing, virtual reality, autonomous driving, crypto, or the current obsession with generative A.I.

Fortune

Miami-Dade County will add millions to FTX bankruptcy claim unless the arena naming rights deal with the crypto exchange is terminated

If the agreement isn’t terminated by Jan. 1, the county said it will add $5.5 million to its $16.5 million claim in bankruptcy court.

The Guardian - UK

Crypto lender BlockFi files for bankruptcy after FTX collapse

BlockFi announces Chapter 11 bankruptcy filing in US as fall of FTX continues to reverberate across industry

Fortune

Installation of crypto ATMs hits record low in September as downturn continues

The impact of Crypto Winter has spread far and wide.

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