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The Latest Breaking News from Crypto

How dark money drove the crypto fraud

Citizens United has fueled any number of sleazy dark-money political bargains. At least Bankman-Fried got caught

Salon

Next financial crisis will come from private cryptocurrencies: RBI chief Shaktikanta Das

NEW DELHI: Reserve Bank of India (RBI) chief Shaktikanta Das has once again warned about investment in cryptocurrencies.

The Times of India

Blake banned himself from gaming venues, but he lost another $300,000 through online casinos

Many Australians are accessing virtual casinos via offshore gambling sites. The under-regulated industry is increasingly being fuelled by cryptocurrencies.

ABC News

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Sam Bankman-Fried to fly to US Wednesday, escorted by FBI agents

WASHINGTON — Federal authorities are set to whisk Sam Bankman-Fried to the U.S. on Wednesday to face a range of criminal charges related to the collapse of the FTX crypto exchange.

Tribune News Service

I’ve spent decades studying trust in markets. Here’s what the FTX collapse has in common with Lehman Brothers and Russian nukes

Nothing concentrates minds like losing money: it changes the general conversation and the political landscape by making regulation seem more necessary.

Fortune

FTX seeks to claw back donations to politicians and charities

Collapsed cryptocurrency exchange had reputation for corporate philanthropy to tune of hundreds of millions of dollars

The Guardian - UK

Dylan Hernández: Anthony Davis injury shouldn't deter Lakers front office: Trade those draft picks now

As LeBron James was walking out of Crypto.com Arena's interview room on Sunday night, he turned his head and smiled.

Los Angeles Times

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Sam Bankman-Fried delays agreement on extradition to US

The crypto tycoon has acknowledged failures at FTX but says he does not believe he has criminal liability

The Independent UK

Why SBF’s arrest means freedom for everyone else in the crypto space

Regulators have taken too long to enforce basic laws–and that has undermined crypto's credibility, writes Dmitry Gooshchin.

Fortune

Unlike Washington, Andreessen Horowitz has a plan to push forward crypto legislation

Collin McCune worked on the House Financial Services Committee before becoming the firm's new head of government affairs.

Fortune

‘I said you’re a fraud.’ CME Group’s boss spotted early trouble at crypto exchange FTX

Terrence Duffy, chairman of Chicago-based exchange owner CME Group, said his meeting with Sam Bankman-Fried showed FTX had no plan to prevent trading calamities that could have spread across the financial system.

Chicago Sun-Times

The evolution of crypto and Web3 in the Arab world

Central banks in the Middle East and Northern Africa are driving the region's progress in crypto and Web3.

Fortune

Disgraced crypto boss Sam Bankman-Fried to walk back decision to fight extradition, report says

Bankman-Fried potentially faces prison sentence of over 100 years

The Independent UK

Sen. Sherrod Brown leaves possibility of crypto ban open as momentum builds for stronger regulation

"Crypto doesn’t get a free pass because it’s bright and shiny," said the Senate banking chairman Sunday.

Fortune

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Newsroom.co.nz

The road ahead for cryptocurrencies

Greater government regulation of blockchain technology may bring more structure and stability to the crypto sector | Content partnership

Tribune News Service

James Reimer returns to form but Sharks miss opportunities in loss to Kings

James Reimer made 39 saves in regulation time in overtime but couldn’t stop Trevor Moore in the fourth round of the shootout as the San Jose Sharks lost 3-2 to the Los Angeles Kings on Saturday night at Crypto.com Arena in Los Angeles.

Los Angeles Times

Kawhi Leonard scores season-high 31 points as short-handed Clippers rally past Wizards

LOS ANGELES — When Kawhi Leonard checked back in with 6 minutes 28 seconds left in the fourth quarter Saturday afternoon at Crypto.com Arena, the game hung in the balance and the Clippers needed someone to take control.

Fortune

Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report

The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk.

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The Guardian - UK

Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

Fortune

How the federal funds rate impacts your investments

Higher interest rates could lead to stock market swings and changes in the value.

The Independent UK

Crypto's ties to sports raise ethical questions

Sports fans who view their favorite players as role models might think twice before taking their financial advice, too

The Guardian - US

In balmy Puerto Rico, diehards shrug off the crypto winter: ‘We’re not worried’

Blockchain aficionados have long flocked to the island for its favorable tax laws. But as the industry wobbles, local residents are pushing back

The Guardian - US

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

USA Today Sports Media Group

Denver Nuggets at Los Angeles Lakers, live stream, preview, TV channel, time, how to watch the NBA

The Denver Nuggets will meet the Los Angeles Lakers in NBA action on Friday night from the Crypto.com Arena.

The Independent UK

Democrats set aside donations from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle

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