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The Latest Breaking News from Crypto

Cash App Taxes 2022 review: Simplified free tax experience

Cash App Taxes lets anyone file free federal and state returns — including self-employed. But the service lacks strong guidance.

Tom’s Guide

China is trying to undermine the dollar. Where does crypto fit into this?

Hostile countries are trying to weaken the dominance of the U.S. dollar. Where does crypto fit in this?

Fortune

TaxSlayer Classic 2023 (tax year 2022) review

TaxSlayer Classic covers all tax scenarios, but it’s not a good choice for crypto holders.

Tom’s Guide

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North Korean APT43 hackers target organizations to launder crypto using cloud

Researchers have been tracking the group for five years, but only decided to share the information now.

TechRadar

US and Korea seek extradition of crypto fugitive

PODGORICA, Montenegro: The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said on Wednesday, just days after he was arrested in the Balkan nation.

Bangkok Post

As the crypto industry warns of offshoring, Binance represents the worst-case scenario for U.S. regulators

The new CFTC lawsuit reveals the operational black box of the stateless exchange.

Fortune

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

Financial Times

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Crypto Mining Platform Bitdeer Moves Step Closer to Nasdaq SPAC Listing

The deal, already delayed three times, would give the company an implied equity value of around $1.18 billion

Caixin Global

Sam Bankman-Fried charged in US with bribing Chinese officials

Sam Bankman-Fried was charged with bribing Chinese officials, adding a new dimension to the U.S. government’s case against the FTX co-founder.

Tribune News Service

Intuit TurboTax Deluxe 2022 review: Tax returns with the best guidance

Intuit TurboTax Deluxe 2022’s hallmarks remain its extensive tax expert assistance and strong support for importing investments and cryptocurrency, but it comes at a higher price than ever before.

Tom’s Guide

Crypto holders urged to 'try not to panic' as inflation may cause crash

Turbulence in the crypto market can lead a lot of people to panic and sell their coins

Irish Mirror

Inside Binance: Vast profits, hefty influencer payouts, and a ticking time bomb on its balance sheet

Binance's big investments in its own BNB coin and in kickbacks to social media influencers could expose it to bigger risks.

Fortune

'NFT For Britain' idea proves too stupid even for UK government

Rishi Sunak ordered the creation of a state-backed NFT last April, not long before a colossal crypto crash.

PC Gamer

The U.S. drops the hammer on Binance: What it means and what we still don't know

The CFTC's lawsuit against Binance is a major escalation by the U.S. government against the company and the broader crypto industry.

Fortune

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The Guardian - UK

UK government drops plans for NFT made by Royal Mint

Labour criticises Rishi Sunak ‘vanity project’ announced weeks before collapse in value of cryptocurrencies

Tom’s Guide

ChatGPT is more useful to society than cryptocurrency, says Nvidia

Nvidia's chief technology officer has distanced the company from cryptocurrency and says it's embracing AI instead.

Bangkok Post

New arrest in immigration abduction-ransom case

Police have arrested a Thai man as an accessory in the alleged abduction and crypto-ransom by immigration police officers of a Chinese man and his Thai interpreter.

Tribune News Service

Binance isn’t FTX. It’s much bigger and more systemically important to crypto

In every single corner of the crypto landscape, one name pops up: Binance.

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Tribune News Service

The most striking claims in the CFTC’s lawsuit against Binance

The top U.S. derivatives regulator’s lawsuit against crypto giant Binance Holdings Ltd. and Chief Executive Officer Changpeng Zhao hammers at the company’s alleged concealment of rules violations in a breakneck pursuit of growth.

Fortune

The long-awaited crackdown on crypto's Binance is here and it has chat messages about alleged criminal clients: 'Like come on. They are here for crime'

The complaint filed against Binance alleges the company's top executives knew of and "tolerated" criminal activities facilitated by the platform.

Fortune

The crypto industry enlisted an unlikely champion in its crusade against the SEC: An ex-Coinbase manager convicted of insider trading

Why top companies like Coinbase and Paradigm are backing the disgraced employee.

Fortune

Bitcoin, Ether, Coinbase fall after CFTC sues Binance

The stocks of several crypto mining companies also took a dive.

The Guardian - UK

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

Fortune

'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.

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