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The Latest Breaking News from Crypto

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

Chicago Tribune

Laird could sell off Scottish nudist beach after losing £130k in crypto 'scam'

A LAIRD who lost £130,000 in a cryptocurrency investment has warned he may have to sell off parts of his estate.

The National (Scotland)

Scots laird who owns nudist beach to sell off parts of estate after £130k loss in crypto scam

Michael Dudgeon, who owns Scotland's most northerly nudist beach, claims he lost tens of thousands in a crypto scam.

Daily Record

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'I thought crypto exchanges were safe': the lesson in FTX's collapse

Anthony* (a friend) called a few weeks ago, deeply worried.

The Conversation

Why Chelsea are set to lose £20m from major cryptocurrency crash following FTX collapse

Chelsea news: Sponsorship could be cut short after massive market crash in digital assets

Football London

Chelsea have encountered £20m problem Liverpool shouldn't ignore

Chelsea are to see their £20m per year sleeve sponsorship ended with cryptocurrency firm WhaleFin

Liverpool Echo

Governments Scramble To Manage, Regulate, and Throttle Crypto

Most dangerously of all, they're starting to make their own central bank digital currencies.

Reason

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Top economist Mohamed El-Erian says crypto is a canary in the coal mine for an era of ‘irresponsible risk taking’—and the fallout could lead to ‘financial accidents’

Mohamed El-Erian is worried that crypto’s risk-taking behavior is just an example of what became the norm over the past decade.

Fortune

Former FTX chief Sam Bankman-Fried to testify before Congress next week

‘There is a limit to what I will be able to say, and I won’t be as helpful as I’d like,’ crypto founder says

The Independent UK

Goldman Sachs and the return of ‘Blockchain not Bitcoin’

Goldman Sachs CEO says Wall Street knows best when it comes to blockchain innovations.

Fortune

The crypto crash has been bad—and even worse for Bitcoin miners

Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.

Fortune

Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

ABC News

Disrupting the disruptors on the internet

After a decade of unconstrained growth -- when it seemed that a new billionaire was minted every day -- the tech industry has finally hit a rough patch. Elon Musk's erratic behaviour following his takeover of Twitter has left the financially leveraged platform in a precarious state. The crypto exchange…

Bangkok Post

The Federal Reserve is deflating financial bubbles, without a crash

The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.

Tribune News Service

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Fortune

Hivemapper wants to be a crypto-powered Google Maps, but insider tokenomics and product delays could foil the $18M plan

Will the company turn into the next Helium?

Fortune

The incredible shrinking Coinbase: Is a takeover inevitable?

The company's rapidly shrinking revenues and market cap could put it in the sights of a big bank or private equity firm.

Fortune

NFT artist pplpleasr just raised $7M to reinvent film production

Shibuya is seeking to empower fan participation in moviemaking and to challenge the Hollywood studio system.

Fortune

The top policy battles for 2023, explained

Venture capitalist Bradley Tusk explains where policymakers will be digging into next year.

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news in one place.

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Al Jazeera

FTX founder Bankman-Fried facing market rigging probe: Report

Investigation is focused on whether Bankman-Fried manipulated the market for two cryptocurrencies, New York Times says.

Fortune

Taylor Swift avoids FTX lawsuits after a $100 million deal with the crypto exchange fell apart earlier this year

Sam Bankman-Fried’s employees at FTX, which struck deals with Tom Brady and Steph Curry, said it “was too expensive from the beginning.”

Fortune

SEC Chair says the 'runway is getting shorter' for crypto companies

The Securities and Exchange Commission chair said “the runway is getting shorter” for crypto companies.

The Conversation

Why sports sponsorship is unlikely to save cryptocurrency firms from 'crypto winter'

If you have been watching the Fifa World Cup in Qatar closely, you will have noticed the advertising on the hoardings around the pitch. Alongside the usual names – Adidas, Coca-Cola, Visa – there are some new ones, including Crypto.com, the Singapore-based cryptocurrency and payment platform.

Tribune News Service

Layoffs precede GameStop’s latest glimpse into how its turnaround is working

GameStop is laying off workers only a few weeks before the holidays, with a team working on the company’s crypto initiatives reportedly hard hit.

Tribune News Service

Overshadowed by failures, crypto hacking exacts higher price

The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.

Fortune

Crypto is as useful as a ‘pet rock,’ according to JPMorgan's Jamie Dimon

The JPMorgan CEO has previously called cryptocurrencies dangerous, worthless and a “Ponzi scheme.”

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