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The Latest Breaking News from Crypto

Congressional Republicans have Gary Gensler in their crosshairs

Rep. Hill on his new digital assets subcommittee.

Fortune

Union Budget 2023: India should consider reducing TDS rate on cryptocurrency trade, says report

NEW DELHI: India should consider lowering the 1 per cent TDS on crytocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market, a report said on Tuesday.

The Times of India

Crypto millionaire, 20, who claims he makes '£6,000 in his sleep' returns from meeting to find 'c***' graffiti on new supercar

Waseem was in Manchester for a business meeting when his pride and joy was vandalised

Manchester Evening News

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Solana shakes off its death rattle with a 140% jump in value since the start of the year

The cryptocurrency’s underlying blockchain has also outpaced competitors in the number of developers contributing to it.

Fortune

Self-made crypto-millionaire's car is vandalised with swear words after it was left in car park

Words like 'c***' and 'die' were spray-painted on his yellow Audi R8

Wales Online

Can the current crypto rally last? 3 reasons it can—and 1 it can't

Brief crypto rallies over the last year fizzled quickly. This time it may be different.

Fortune

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets

The Independent UK

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FBI says North Korea-backed groups hacked $100 million in crypto

Two hacking groups linked to North Korea were responsible for the theft of $100 million in an attack on a crypto service last year, the Federal Bureau of Investigation said on Monday.

Tribune News Service

North Korea behind $100m crypto theft, FBI says

California-based Harmony said in June it had been the target of a cyberattack that stole $100m worth of digital assets.

Al Jazeera

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

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

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Sports Illustrated

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.

Radio France Internationale

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?

Tribune News Service

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.”

USA Today Sports Media Group

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.

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Fortune

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.

Birmingham Post

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

The Guardian - UK

Crypto lender Genesis files for Chapter 11 bankruptcy in US

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

Evening Standard

Crypto woes intensify after lender Genesis files for bankruptcy

The firm formed part of the empire of billionaire Barry Silbert

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.

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