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The Latest Breaking News from Crypto

Sam Bankman-Fried: Trust Is Everything

Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.

Reason

‘Crypto is done’: FTX collapse sends ripple through $78 billion sports sponsorship market

Imploded crypto company FTX’s hundreds of millions in sport sponsorships are being called into question and could cause other teams to review their crypto partners.

Tribune News Service

Crypto lender BlockFi goes bankrupt in aftermath of FTX

BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall.

Tribune News Service

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Fundstrat saw Bitcoin hitting $200,000 before it fell to $16,000. Here’s why they’re still hopeful after a ‘horrific year’ for crypto

“It’s an important moment for the industry,” Fundstrat’s Tom Lee said. “I think there's a lot of people throwing gasoline in a crowded theater and yelling ‘fire.’”

Fortune

Major crypto lender BlockFi files for bankruptcy protection

New Jersey-based BlockFi had links with crypto exchange FTX, which filed for bankruptcy protection earlier in November.

Al Jazeera

$1.4b in superannuation tied up in 'wild west' cryptocurrency as the FTX fallout continues

Mum and dad investors including pensioners are facing big losses on their savings, as the ripple effect from the collapse of global cryptocurrency exchange FTX continues.

ABC News

A VC who’s been panning crypto since 2017 discusses where he’s investing now

Ramy Adeeb says his firm, 1984 Ventures, tries to avoid the flavor of the day, whether it’s [hotlink]Google[/hotlink] Glass, 3D printing, virtual reality, autonomous driving, crypto, or the current obsession with generative A.I.

Fortune

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Miami-Dade County will add millions to FTX bankruptcy claim unless the arena naming rights deal with the crypto exchange is terminated

If the agreement isn’t terminated by Jan. 1, the county said it will add $5.5 million to its $16.5 million claim in bankruptcy court.

Fortune

Crypto lender BlockFi files for bankruptcy after FTX collapse

BlockFi announces Chapter 11 bankruptcy filing in US as fall of FTX continues to reverberate across industry

The Guardian - UK

Installation of crypto ATMs hits record low in September as downturn continues

The impact of Crypto Winter has spread far and wide.

Fortune

Crypto co-founder Tiantian Kullander found dead in his sleep aged 30

Shock as young crypt founder dies ‘unexpectedly’ in his sleep weeks after another crypto millionaire mysteriously drowned in Puerto Rico

Evening Standard

BlockFi files for Chapter 11 bankruptcy protection

Cryptocurrency lender BlockFi is filing for Chapter 11 bankruptcy protection as the fallout from the collapse of FTX continues

The Independent UK

Crypto lender BlockFi files for Chapter 11 bankruptcy protection

The crypto lender is the latest casualty of FTX's contagion

Axios

Texas Is Becoming a Bitcoin-Mining Capital. Can the Grid Handle It?

Despite the FTX crash, ERCOT continues to court the cryptocurrency industry.

Texas Observer

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Fortune

3 crypto storylines to follow

The news frenzy around FTX is finally abating as people look for new stories. Here's what to watch for.

Wales Online

Gang kidnapped crypto trader, threatened him with machete and stuffed binbags in his mouth

The teenager was bundled into a car and hid hairs from the boot into his pockets in case he was murdered

The Guardian - UK

Scam attack on Ukrainian mother exposes flaw in UK bank safeguards

Woman who was conned out of £32,000 after she came to Britain was initially refused compensation because she used a debit card to transfer money from her account

The Independent UK

Tiantian Kullander: Founder of crypto company valued at $3bn dies ‘unexpectedly’ at age 30

Former Morgan Stanley and Goldman Sachs trader had made it to the Forbes 30 Under 30 list

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Bangkok Post

Singapore government faces parliament grilling over FTX fallout

Singapore’s government faces increased scrutiny over the fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire.

ABC News

Tiantian Kullander, co-founder of crypto company Amber Group, dies suddenly, aged 30

Tiantian Kullander, affectionately known as TT, founded a multi-billion dollar digital asset company that lead him to make the prestigious 30-under-30 list.

Fortune

Mark Cuban says he’d ‘be afraid of going to jail for a long time’ if he were Sam Bankman-Fried

The billionaire Dallas Mavericks owner still believes in crypto’s potential, but FTX founder Sam Bankman-Fried’s future could be bleak.

Fortune

Wall Street’s ‘Dr. Doom’ calls crypto ‘corrupt gambling’ and rips ‘proof of reserves’ trumpeted after FTX collapse

Nouriel Roubini warned on Saturday, “Crypto is corrupt gambling where the house always & systematically front runs the retail suckers that get rekt.”

Tribune News Service

NYC mayor takes supportive tone after governor signs bill restricting crypto mining

NEW YORK — New York City Mayor Eric Adams took a supportive if somewhat cryptic tone after New York Gov. Kathy Hochul signed legislation this week limiting some cryptocurrency mining in the state, casting the new law as an acceptable step toward smart tech policy.

Fortune

5 Lessons the Crypto Industry must learn from the FTX Disaster

A Web 3 veteran veteran shares five things that must happen for Web3 to recover and build back trust.

The Guardian - AU

‘I am not a rich person’: 30,000 Australian FTX customers left out of pocket after collapse

Exchange’s local administrators flooded with emails from investors, with claims of up to $1m to date

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