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The Latest Breaking News from Crypto

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

The Guardian - US

Denver Nuggets at Los Angeles Lakers, live stream, preview, TV channel, time, how to watch the NBA

The Denver Nuggets will meet the Los Angeles Lakers in NBA action on Friday night from the Crypto.com Arena.

USA Today Sports Media Group

Democrats set aside donations from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle

The Independent UK

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US regulators warn about risks of deeper crypto-Wall Street ties

The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.

Tribune News Service

US trustee, media challenging secrecy in FTX bankruptcy

Attorneys for the U.S. bankruptcy trustee and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public

The Independent UK

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Fortune

Elon Musk's effect on Crypto Twitter

Musk's decision to destroy Twitter is a sad development for the longtime community known as Crypto Twitter.

Fortune

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Binance auditor withdraws from working with crypto company

World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

The Guardian - UK

Trump allies blast crypto announcement after FTX collapse

Some of the former president's most ardent fans were less than impressed.

Axios

Elizabeth Warren's Crypto Bill Targets Financial Freedom, Not Fraud

Senator Warren wants to extend the financial surveillance state cooked up by drug warriors and anti-terrorism fearmongers to cryptocurrencies.

Reason

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

WEKU

Short-handed Clippers are no match against Suns

LOS ANGELES — One by one, the starting lineup arrived inside Crypto.com Arena.

Los Angeles Times

Shaq distances himself from crypto, despite once being a paid spokesperson for FTX

“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal said, referring to his association with the failed cryptocurrency exchange FTX.

Fortune

Lawmakers quick to unload FTX founder's contributions

Lawmakers who eagerly accepted piles of cash from Samuel Bankman-Fried now can’t move fast enough to offload contributions from the disgraced crypto mogul to anywhere but their own campaign coffers

The Independent UK

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Tribune News Service

FTX political contributions flowed to Texans in both parties in 2022 midterm elections

WASHINGTON — Two super PACs associated with disgraced cryptocurrency tycoon Samuel Bankman-Fried pumped more than $2.7 million into a Dallas congressional race, helping Democrat Jasmine Crockett top a crowded primary field and coast to election last month.

The Guardian - UK

Crypto was meant to solve financial corruption. The FTX scandal shows it’s got worse

The collapse of FTX should provide a wake-up call to Rishi Sunak, who has been singing the praises of cryptocurrencies, says academic and author David A Banks

Fortune

Crypto is riddled with accounting scandals. Could the Big Four solve that?

Few crypto companies rely on the services of major accounting firms. Maybe that should change.

Axios

FTX charges may do little to bring law to crypto Wild West

Charges largely center on straightforward fraud allegations, rather than getting crypto specific.

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Fortune

UN to send displaced Ukrainians USDC to convert into local currencies

Aid recipients will get funds in the stablecoin USDC, which can be redeemed at any MoneyGram location.

Daily Mirror

Crisis-hit cryptocurrency PLC Ultima bans Mirror from conference

PLCu has collapsed in value and blocked withdrawals, which might help explain why it wasn't keen on Press coverage

USA Today Sports Media Group

Minnesota Timberwolves vs. Los Angeles Clippers, live stream, prediction, TV channel, time, how to watch the NBA

The Minnesota Timberwolves will meet the Los Angeles Clippers in NBA action on Wednesday night at the Crypto.com Arena.

The Independent UK

VIDEO FOR YOU: Senate Democrats take aim at cryptocurrency

EDITORS/NEWS DIRECTORS:

Bangkok Post

Investors desert Binance

Thai cryptocurrency pundits are recommending investors withdraw digital assets from Binance amid a run on the world's largest crypto exchange, moving their money to a safer crypto exchange in Thailand regulated by the Securities and Exchange Commission (SEC).

The Independent UK

Senate crypto hearing yields big claims, possible regulation

Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday

Fortune

Star-studded Senate hearing illustrates massive divide over crypto in D.C.

Without Sam Bankman-Fried in attendance, senators focused on the future of the volatile industry.

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