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The Latest Breaking News from Crypto

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

Birmingham Post

Crypto lender Genesis files for Chapter 11 bankruptcy in US

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

The Guardian - UK

Crypto woes intensify after lender Genesis files for bankruptcy

The firm formed part of the empire of billionaire Barry Silbert

Evening Standard

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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.

Al Jazeera

JPMorgan CEO Jamie Dimon says that Bitcoin is a ‘hyped-up fraud’ and cryptocurrencies are a ‘waste of time'—but blockchain is a 'deployable' technology

“I think all that's been a waste of time and why you guys waste any breath on it is totally beyond me,” Dimon told CNBC on Thursday. “Bitcoin itself is a hyped up fraud. It’s a pet rock.”

Fortune

Cryptocurrency news - live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Department of Justice officials say they will reveal the news at 12pm in Washington DC

The Independent UK

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The clowns of cryptoland haven’t given up

Making money out of failure is morally bankrupt

Financial Times

Crypto exchange Bitzlato’s founder arrested in $700 million laundering scheme

A Russian was charged with money laundering through a cryptocurrency exchange that allegedly masked the proceeds of illegal gambling and drug deals valued at more than $700 million, as the US goes after criminal suspects in the digital space.

The Times of India

Peter Thiel’s Founders Fund generated more than $1 billion by offloading an 8-year Bitcoin bet just before markets soured

Founders Fund first bought Bitcoin in 2014 when the cryptocurrency traded for under $1,000.

Fortune

Binance admits to further management issues with stablecoin assets

The world’s largest crypto exchange has come under scrutiny for lack of transparency with its wallet administration.

Fortune

Have celebs learned their lesson from the FTX debacle?

Strolling out of a football stadium, Tom Brady makes his pitch for the crypto trading platform FTX.

Los Angeles Times

‘Inherently speculative … slightly crazy’: Davos bigwigs snipe at crypto and call for more regulation

Senior Minister Tharman Shanmugaratnam of Singapore said instead of regulating crypto it may be better to emphasize it’s unregulated so investors can make their own decisions.

Fortune

Cryptocurrency news – live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Bitcoin prices took a dive ahead of the DoJ announcement

The Independent UK

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news in one place.

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Fortune

Ethereum builder ConsenSys axes 97 staff, founder Lubin says balance sheet 'very solid'

The layoffs targeted support staff who've seen diminished workloads during Crypto Winter.

Roll Call

'Howey' gonna regulate crypto? - Roll Call

Lewis Cohen joins Jai Massari to discuss a new reading of the Howey Test designed to clear up regulatory uncertainty.

Fortune

'The Crocodile of Wall Street' gets new tech job despite being under 24-hour house arrest

Heather Morgan has many credentials to her name including economist, tech entrepreneur, columnist, CEO, rapper—and accused launderer of stolen cryptocurrency.

WEKU

3 events that will determine the fate of cryptocurrencies

Cryptocurrencies are reeling after a miserable year that saw the collapse of companies such as FTX. A look at what lies ahead.

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Tribune News Service

Bankman-Fried again claims FTX US crypto exchange was solvent

Sam Bankman-Fried, the fallen crypto entrepreneur who faces trial in the United States on fraud charges, reiterated his claim that the FTX US crypto exchange “was and is solvent.”

Fortune

Latest FTX bankruptcy doc details spending $253 million on Bahamian property and $93 million on politicians

The bankrupt crypto exchange hopes to recover billions of dollars in assets.

Salon

NY crypto lawsuit has climate fallout

The lawsuit determines whether the state's Public Service Commission must consider emissions in its decision making

The Conversation

Cryptocurrencies are in crisis, but they are not going to disappear

Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.

Fortune

Why the crypto world needs more Vitalik Buterins

A recent interview with Buterin in Ukraine underscores how the Ethereum creator is setting an example for other crypto leaders to follow.

Fortune

Crypto bank Silvergate reports $1 billion loss

The company's share price has plummeted following the collapse of its client, FTX.

Fortune

TaxBit to acquire software startup Tactic to expand its crypto accounting services

TaxBit CEO Austin Woodward said the company plans to expand on Tactic's customer base of small and medium businesses and target larger companies.

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