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The Latest Breaking News from Crypto

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Instead of the heady days of the Fed-induced asset bubble, times have been personally and professionally tough for the owner of crypto lender Genesis.

Fortune

SEC probes embattled crypto exchange Zipmex

The Securities and Exchange Commission is investigating whether the embattled crypto exchange Zipmex, which is in the midst of being taken over by a Thailand-linked venture capital fund, breached local rules in its offer of certain digital-asset products.

Bangkok Post

Cameron Winklevoss calls for ouster of Barry Silbert as Gemini-Digital Currency Group feud intensifies

Winklevoss said DCG needs a new CEO so the two companies can settle their issues out of court.

Fortune

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Coinbase lays off around 20% of its workforce as crypto downturn continues

This latest round of job cuts, around 950, comes after the company laid off about 1,100 people back in June.

WEKU

Creator Of Mutant Ape Planet NFT Aurelien Michel Arrested

Mutant Planet Ape (MAP) NFT creator Aurelien Michel was arrested for defrauding investors of $2.9 million in crypto currency.

Zenger

Coinbase just announced it was laying off 20% of its staff amid broader cuts in the crypto industry

The company reached a $100 million settlement over compliance violations with regulators last week.

Fortune

What's next for crypto VCs

Venture capital investment in crypto has waned, but it could pick back up by the summer.

Fortune

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Coinbase lays off almost 1,000 staff as crypto winter bites

The move is the latest in a string of successive job cuts at the firm as it seeks to weather turmoil in the crypto markets

Evening Standard

'A fraud and a bubble are two different things': Crypto is shocking to a financial historian who literally wrote the book on financial bubbles

Financial historian William Quinn says crypto is either the smartest “Ponzi” or the stupidest “bubble” in history: “And the truth is probably somewhere in the middle.”

Fortune

The future of U.S. crypto sanctions

A new Chainalysis report highlights how the Office of Foreign Assets Control has been targeting bad actors in the crypto sector.

Fortune

Crypto trading app Tap Global among London’s first public listings in 2023

Tap’s founders are hopeful for its prospects despite the turbulence in the crypto industry

Evening Standard

Sam Bankman-Fried Fights To Keep Control Of $450M In Robinhood Shares As Creditors Circle

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

Zenger

Bitcoin or gold? Beware the ‘malignant tumor,’ says ‘Black Swan’ guru Nassim Nicholas Taleb

"Technology comes and goes, gold stays, at least physically. Once neglected for a brief period, Bitcoin would necessarily collapse.”

Fortune

Logan Paul withdraws threat of legal action over $6million crypto "scam" documentary

Paul had previously posted a seven-minute long video responding directly to a documentary accusing him of running a cryptocurrency scam that cost fans millions

Daily Mirror

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The Independent UK

'The money is gone': Bahamas tries to turn page after FTX

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs

Fortune

The ‘everything bubble’ has popped and the experts on Wall Street and in Silicon Valley were spectacularly wrong about a ton of things

Morgan Stanley analysts were sure Carvana stock would hit $430 a share and the crypto faithful believed Bitcoin would top $1 million.

Los Angeles Times

LeBron James returns and leads injury-riddled Lakers to fourth consecutive win

LOS ANGELES — The star returned for the Los Angeles Lakers after missing the previous game with a non-COVID illness, but when LeBron James stepped onto the Crypto.com Arena court Friday night, he had to play without three more of his trusty mates and had to incorporate a new face…

Zenger

McCarthy Took $2 Million From FTX Crypto Scam Co-Founder

He hasn't said what he intends to do about the money, while other Republicans have turned FTX funds over to the U.S. Treasury.

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Fortune

Sam Bankman-Fried's lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

Fortune

Crypto Twitter, mainstream media, and who really exposed FTX

The Washington Post suggests pseudonymous Twitter accounts and Substack writers had an outsize role in exposing FTX.

The Orange County Register

Kings stumble against Bruins in third period

LOS ANGELES – On a day where the Los Angeles Kings’ top prospect won a gold medal, the parent club was busy with a big game of its own Thursday, falling to the NHL-pacing Boston Bruins 5-2 at Crypto.com Arena.

Fortune

The Winklevoss twins are in another mess—and it has to do with crypto

“The idea in your head that you can quietly hide in your ivory tower and that this will all just magically go away, or that this is someone else’s problem, is pure fantasy,” Cameron Winklevoss wrote to former friend Barry Silbert.

Al Jazeera

As pressure builds, crypto firm Genesis cuts 30% of workforce

Several firms have suffered from waning investor appetite for crypto after major exchange FTX blew up late last year.

USA Today Sports Media Group

YouTuber accuses Logan Paul of turning his crypto game into a scam

YouTuber Coffeezilla says Logan Paul turned cryptocurrency game CryptoZoo into a scam, though Paul denies making a profit

Fortune

Kathleen Breitman of Tezos on 5 crypto trends that need to die—and 1 big reason for optimism

The downturn of 2022 culled many projects with shaky fundamentals—or that were outright frauds—but 2023 is the year that can reward honest actors in the space.

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