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The Latest Breaking News from Crypto

Former FTX chief Sam Bankman-Fried to testify before Congress next week

‘There is a limit to what I will be able to say, and I won’t be as helpful as I’d like,’ crypto founder says

The Independent UK

Goldman Sachs and the return of ‘Blockchain not Bitcoin’

Goldman Sachs CEO says Wall Street knows best when it comes to blockchain innovations.

Fortune

The crypto crash has been bad—and even worse for Bitcoin miners

Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

ABC News

Disrupting the disruptors on the internet

After a decade of unconstrained growth -- when it seemed that a new billionaire was minted every day -- the tech industry has finally hit a rough patch. Elon Musk's erratic behaviour following his takeover of Twitter has left the financially leveraged platform in a precarious state. The crypto exchange…

Bangkok Post

The Federal Reserve is deflating financial bubbles, without a crash

The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.

Tribune News Service

Hivemapper wants to be a crypto-powered Google Maps, but insider tokenomics and product delays could foil the $18M plan

Will the company turn into the next Helium?

Fortune

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The incredible shrinking Coinbase: Is a takeover inevitable?

The company's rapidly shrinking revenues and market cap could put it in the sights of a big bank or private equity firm.

Fortune

NFT artist pplpleasr just raised $7M to reinvent film production

Shibuya is seeking to empower fan participation in moviemaking and to challenge the Hollywood studio system.

Fortune

The top policy battles for 2023, explained

Venture capitalist Bradley Tusk explains where policymakers will be digging into next year.

Fortune

FTX founder Bankman-Fried facing market rigging probe: Report

Investigation is focused on whether Bankman-Fried manipulated the market for two cryptocurrencies, New York Times says.

Al Jazeera

Taylor Swift avoids FTX lawsuits after a $100 million deal with the crypto exchange fell apart earlier this year

Sam Bankman-Fried’s employees at FTX, which struck deals with Tom Brady and Steph Curry, said it “was too expensive from the beginning.”

Fortune

SEC Chair says the 'runway is getting shorter' for crypto companies

The Securities and Exchange Commission chair said “the runway is getting shorter” for crypto companies.

Fortune

Why sports sponsorship is unlikely to save cryptocurrency firms from 'crypto winter'

If you have been watching the Fifa World Cup in Qatar closely, you will have noticed the advertising on the hoardings around the pitch. Alongside the usual names – Adidas, Coca-Cola, Visa – there are some new ones, including Crypto.com, the Singapore-based cryptocurrency and payment platform.

The Conversation

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Tribune News Service

Layoffs precede GameStop’s latest glimpse into how its turnaround is working

GameStop is laying off workers only a few weeks before the holidays, with a team working on the company’s crypto initiatives reportedly hard hit.

Tribune News Service

Overshadowed by failures, crypto hacking exacts higher price

The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.

Fortune

Crypto is as useful as a ‘pet rock,’ according to JPMorgan's Jamie Dimon

The JPMorgan CEO has previously called cryptocurrencies dangerous, worthless and a “Ponzi scheme.”

Financial Times

FTX held talks with Taylor Swift over $100mn sponsorship deal

Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring

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news in one place.

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Bangkok Post

Thousands of illegal cryptocurrency mining units seized

Special investigators have seized about 3,500 illegal cryptocurrency-mining units operating from rented buildings in Bangkok and Nonthaburi and stealing vast amounts of electricity.

WEKU

Environmentalists and Ky. AG want to pump the brakes on a massive crypto mining facility. Why?

Fortune

GameStop just became the latest tech company to lay off workers—and it’s cut down on its crypto team

“Super sad to say I was a part of the layoffs today at GameStop,” one software engineer wrote on LinkedIn.

StockNews.com

Cathie Wood Keeps Buying These 2 Crypto Securities – Should You?

Following the FTX debacle, the crypto universe was hard hit. However, popular investor Cathie Wood keeps buying stocks from the crypto space despite the rising interest rates and recession risks. As investors access the macroeconomic risks, their risk-off approach will keep the cryptocurrency market under pressure. Therefore, it could be…

Fortune

The crypto billionaire who helped expose SBF's insolvency calls him 'one of the greatest fraudsters in history' and accuses media and thought leaders of being manipulated

Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.

Fortune

A bankruptcy court is allowing the busted crypto lender Celsius to hand out $2.8 million in bonuses to keep employees from quitting

“We’re getting really down to the nub of what we need to continue to function,” the company’s lawyer said during the court hearing.

Fortune

One sector in the crypto industry has been spared

The crypto industry is in a dark place, but recent developments in the stablecoin sector are cause for optimism.

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