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The Latest Breaking News from Crypto

'Financial criminals love crypto' and other takeaways from a Senate hearing on cryptocurrency

WASHINGTON — A Senate panel met Tuesday morning to hear from a trio of expert witnesses about what the federal government can do to create safeguards for digital assets such as cryptocurrency.

Los Angeles Times

FTX founder Sam Bankman-Fried remotely accessed his TV in the Bahamas to watch the Super Bowl

Days after a federal judge shot down a request by FTX founder Sam Bankman-Fried to loosen his technology restrictions while on house arrest, the disgraced crypto entrepreneur remotely accessed his TV set in the Bahamas to watch the Super Bowl.

Tribune News Service

Sam Bankman-Fried in hot water for watching Super Bowl on house arrest using VPN

Crypto executive remains under house arrest in California

The Independent UK

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‘The nightmare isn’t over yet’: Senate Banking reckons with FTX fallout

In the latest congressional hearing on crypto, senators looked to the future of regulation.

Fortune

US crackdown seeks to push crypto back to the fringes of finance

Crypto’s free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country’s banking system.

The Times of India

What the regulators' move against Binance and Paxos means for crypto

The SEC and the state of New York just went after Binance's stablecoin and the firm that issues it.

Fortune

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

Raids target machines hosted around Leeds believed to be offering to buy or convert traditional currencies

The Guardian - UK

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London is now plagued by legions of kidults and I for one am sick of it

As the two fortysomething men at the trampoline park bounced over towards my seven-year-old daughter, the thought occurred to me: are kidults getting out of hand? Admittedly, taking your children to a trampoline park almost guarantees an injury, but as I stood on the viewing platform with the rest of…

Evening Standard

What the crypto crackdown means for VCs

Regulatory roadblocks may be hard to pinpoint and hard to avoid.

Fortune

The SEC gives crypto a fresh scare

Recent enforcement actions constitute the clearest warning yet.

Axios

Move over stablecoins, ‘deposit tokens’ are the next big thing in crypto says JPMorgan

Deposit tokens could serve all the functions of stablecoins while benefiting from being integrated into the traditional financial system, claims a study by JPMorgan Chase.

Fortune

Dude, where's my bitcoin? Crypto sits out the Super Bowl after a miserable year

Well, that was fast.

Los Angeles Times

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

Fortune

LocalBitcoins is gone but its spirit lives on

The demise of a site that once helped people buy Bitcoins for cash in parks or cafés marks a symbolic end for an early era of crypto.

Fortune

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Fortune

Crypto out, tech gone quiet: What we learned from this year's Super Bowl ads

The ads offer a window into the business zeitgeist of the moment.

Pedestrian.tv

MAFS Recap: I Hope You’re Horny Because Fucc Week Has Commenced It’s Raining Rubber Fuckies

That's a lot of vibrators.

The Orange County Register

Adrian Kempe scores 4 goals as Kings blank Penguins

LOS ANGELES – The Los Angeles Kings hadn’t lost a game that recently retired winger Dustin Brown attended all season, and they were certainly not about to snap that streak Saturday when his number ascended among those of his hallowed predecessors before the Kings eviscerated the Pittsburgh Penguins 6-0 at…

Fortune

PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown

The reported pause follows a month of concerted federal and state regulatory actions against crypto companies.

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Los Angeles Times

Suns lead way as teams retool for stretch run in the NBA's wild, wild West

LOS ANGELES — Late Wednesday night, in the back hallways of Crypto.com Arena, there was a nervous energy as executives, staffers and players from the Dallas Mavericks and Clippers checked their phones while milling around in the aftermath of Dallas' victory. It was the last night before the NBA's noon…

Fortune

A top Fed official just compared ‘speculative’ crypto to baseball cards and had a stark warning for owners: ‘Don’t expect taxpayers to socialize your losses’

“If you buy crypto assets and the price goes to zero at some point, please don’t be surprised,” Fed Governor Christopher Waller said Friday.

Fortune

Ethereum weighs down the crypto market as investors fear more SEC enforcement following Kraken’s $30 million settlement

Ethereum led Bitcoin in losses with a 6% drop over the past 24 hours.

Fortune

‘Paternalistic and lazy’—SEC commissioner blasts agency’s move to shut Kraken staking program

Gary Gensler’s move against staking is likely to push more crypto activity offshore or to decentralized platforms.

Los Angeles Times

Short-handed Lakers give Bucks a fight but fall short

LOS ANGELES — There were smiles — lots of smiles — in the back hallways of the Crypto.Com Arena on Thursday evening, the Los Angeles Lakers purging roster problems in the previous two days, restocking the roster with younger players more suited to complement the team’s stars.

ABC News

Cryptocurrency exchange Kraken to shut down staking service for US users, pay $43 million in fines

The settlement marks the regulator's first crackdown on staking, a common service offered at both centralised and decentralised crypto exchanges, including most of the major exchanges such as Coinbase and Binance.

Fortune

PayPal CEO to step down amid economic turbulence and slumping shares after years of breakneck growth

Dan Schulman joined PayPal in 2014, shortly before the company split from eBay.

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