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The Latest Breaking News from Crypto

US regulator sues crypto exchange Binance and boss Changpeng Zhao

Complaint alleges firm grew US business despite stated intent to block US customers from platform

The Guardian - UK

'I slipped up': NFT collector evaporates CryptoPunk valued at $129,000—a third of his net worth

Brandon Riley isn’t the only one who’s mistakenly lost hundreds of thousands in the world of Web3.

Fortune

'Binance knew they were violating CFTC rules': Top crypto exchange sued in U.S. federal court

The agency accuses Binance of disregarding U.S. laws to increase profits.

Fortune

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Binance CEO Changpeng Zhao sued by US watchdog over alleged trading rules breach

Binance founder and CEO Changpeng Zhao has been sued by the US Commodity Futures Trading Commission after the crypto firm was accused of breaching trading rules.

Evening Standard

Nvidia CTO: Cryptocurrency Adds Nothing Useful to Society

GPU processing power can be used for much more useful things than mining cryptocurrencies, Nvidia CTO says.

Tom’s Hardware

Don't look now but Ripple may be for real

The fanaticism of tribes like the XRP Army may do crypto more than harm than good.

Fortune

Regulator orders Zipmex to clarify deal payments

The Securities and Exchange Commission (SEC) on Monday ordered cryptocurrency exchange Zipmex to clarify news that emerged on Friday regarding its Singapore parent not receiving the latest payment under its buyout agreement with venture capital firm V Ventures Technologies.

Bangkok Post

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NFTs aren't dead, and Amazon's new digital art gallery could prove it

Will a new NFT marketplace launch next month?

Creative Bloq

Nvidia kicks crypto to the curb: 'doesn’t bring anything useful for society. AI does'

That's surely going to ruffle some feathers.

PC Gamer

Black, Hispanic investors struggle with faith in crypto

Many Black and Latino investors were drawn to crypto by its promise to be pathway to wealth-building outside of a traditional financial system with long history of racial discrimination and indifference to the needs of low-income communities

The Independent UK

Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining

The Guardian - UK

Caught in the FTX storm: how a crypto high-flyer fell to Earth

The Maps payments app run by British-educated cryptocurrency tycoon Alex Grebnev, who was backed by Sam Bankman-Fried, has lost its Mastercard partnership amid a row over Russian users

The Guardian - UK

PHOTOS: Best images from the Thunder’s 116-111 loss to the Lakers

The best photos from the Thunder's 116-111 loss to the Lakers on Friday.

USA Today Sports Media Group

Nasdaq to launch crypto custody services by end of Q2

The exchange had previously announced a new division for digital assets.

Fortune

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PC Gamer

Fugitive 'cryptocurrency king' behind 2022's $40B crash arrested fleeing Montenegro with fake documents

Both the South Korean and US authorities want a word with Do Kwon.

USA Today Sports Media Group

PHOTOS: Best images from the Thunder’s 127-105 loss to the Clippers

The best photos from the Thunder's 127-105 loss to the Clippers on Thursday.

Fortune

Don't look now but Ripple may be for real

Ripple is suddenly popular with the rest of the crypto world, and may at last have figured out its business strategy.

Bangkok Post

Bailout of crypto exchange Zipmex falters

The rescue plan for the embattled regional crypto exchange Zipmex is beginning to fray after the company failed to receive the most recent payment due under a US$100-million venture capital buyout.

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Bangkok Post

South Korea to seek extradition of crypto fugitive Do Kwon

South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges.

Al Jazeera

Crypto founder Do Kwon indicted in US after Montenegro arrest

Co-founder of Singapore-based Terraform Labs faces eight charges, including securities fraud and wire fraud.

Salon

SEC sues Lindsay Lohan in crypto-scam

Lil Yachty, Akon and a porn star walk into a crypto shop . . .

Fortune

Long-awaited Arbitrum token generates $1.8B in 2 hours

The less-than-day-old cryptocurrency is already one the top 50 most valuable tokens by market cap.

The Guardian - UK

Man suspected of being crypto fugitive Do Kwon arrested in Montenegro

South Korean CEO of Terraform Labs is accused of multi-billion-dollar fraud involving TerraUSD and Luna currencies

Fortune

Terra founder Do Kwon reportedly arrested in Montenegro

The crypto founder had been dodging authorities for months. Earlier reports placed him in neighboring Serbia.

Reason

SEC to Coinbase: Nice Crypto Exchange You Got There, It'd Be a Shame if Something Happened to It

Coinbase says the agency's assault will "only drive innovation, jobs, and the entire industry overseas."

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