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The Latest Breaking News from Crypto

The Winklevoss twins are in another mess—and it has to do with crypto

“The idea in your head that you can quietly hide in your ivory tower and that this will all just magically go away, or that this is someone else’s problem, is pure fantasy,” Cameron Winklevoss wrote to former friend Barry Silbert.

Fortune

As pressure builds, crypto firm Genesis cuts 30% of workforce

Several firms have suffered from waning investor appetite for crypto after major exchange FTX blew up late last year.

Al Jazeera

YouTuber accuses Logan Paul of turning his crypto game into a scam

YouTuber Coffeezilla says Logan Paul turned cryptocurrency game CryptoZoo into a scam, though Paul denies making a profit

USA Today Sports Media Group

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Kathleen Breitman of Tezos on 5 crypto trends that need to die—and 1 big reason for optimism

The downturn of 2022 culled many projects with shaky fundamentals—or that were outright frauds—but 2023 is the year that can reward honest actors in the space.

Fortune

Silvergate forced to cover $8bn worth of crypto-related withdrawals

The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales

The Guardian - UK

The Winklevii and Barry Silbert are in an ugly public spat. Who's right?

The dust-up between Gemini and DCG doesn't leave either party looking very good.

Fortune

Tech layoffs 2023 tracker: Amazon, Salesforce announce big job cuts

NEW YORK: Layoffs that began in 2022 are accelerating across some technology companies.

The Times of India

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Miami Heat vs. Los Angeles Lakers, live stream, channel, time, how to watch NBA

The Miami Heat and the Los Angeles Lakers will face off in NBA action at the Crypto.com Arena on Wednesday night.

USA Today Sports Media Group

Aussies stung for millions in crypto crash

The FTX collapse wiped many crypto wallets and took out smaller exchanges, but administrators for Aussie platform Digital Surge are working on a rescue plan.

AAP

1 Stock That Proves You Shouldn't Buy What You Know

Chip stock NVIDIA Corporation (NVDA) is highly popular among investors. However, the company is facing demand softness in China and export restrictions. Demand for GPUs from the gaming industry has been weak. Moreover, the stock trades at an expensive valuation amid an uncertain macroeconomic environment. Therefore, it could be wise…

StockNews.com

After a year of collapses, cryptocurrency’s future in the balance

WASHINGTON — Spectacular cryptocurrency failures in 2022 have raised the stakes for the industry amid questions about the enduring viability of a technology that advocates say has the potential to revolutionize finance.

Tribune News Service

Catch up on crypto with these 5 stories

Here's a roundup of some excellent crypto and finance writing you likely missed in the last 10 days.

Fortune

Crypto took such a beating in 2022 that U.S. regulators have teamed up for the first time to sound the alarm to banks

Deutsche Bank, Wells Fargo, Citigroup and Bank of America have all invested in crypto staffing divisions in recent years.

Fortune

After a year of collapses, cryptocurrency’s future in the balance - Roll Call

The cryptocurrency industry's failures in 2023 could mean its demise or a chance to regroup and build on its cultural reach.

Roll Call

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Zenger

Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report

Banking giant Citigroup considered partnering with Alameda Research, now-bankrupt crypto trading firm, to launch a crypto lending.

Fortune

The Crystal Ball: VCs, private equity investors, and tech founders predict what will happen in crypto in 2023

Term Sheet readers weigh in on what this year will hold for crypto.

Fortune

A judge just froze Sam Bankman-Fried’s ability to access FTX and Alameda funds days after reports of transactions from crypto wallets previously associated with him

Bankman-Fried tweeted on Dec. 30 that he was not behind the transfers, but federal prosecutors are reportedly looking into the transactions.

WEKU

Sam Bankman-Fried pleads not guilty to fraud and other charges tied to FTX's collapse

The co-founder and former CEO of FTX pleaded not guilty to eight criminal counts related to the spectacular collapse of his crypto exchange.

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Axios

Sam Bankman-Fried pleads not guilty in charges stemming from FTX collapse

The former crypto mogul faces a range of charges stemming from the dramatic collapse of FTX.

Fortune

How will the ultrawealthy ride out the recession? 1,200 investors worth $130 billion have one big strategy—and it's not playing the stock market

The über-rich are keeping their powder dry in the new year, a poll of ultra-high-net-worth investors found. Then they'll "pounce."

Tribune News Service

Will 2023 bring more crypto bankruptcies to weed out ‘the pumps and the frauds’?

The crypto industry had a rough go of it in 2022, with crashing cryptocurrency prices and a series of catastrophic bankruptcies.

Fortune

Cameron Winklevoss gives crypto baron one week to come up with a $1 billion solution to make his Gemini customers whole

Winklevoss and his identical twin brother first rose to prominence through their lawsuit against Mark Zuckerberg, who they claimed stole their idea for Facebook.

Fortune

Why did no one short FTX? It’s complicated

One Wall Street short-seller says crypto was “the world’s best party”—and wishes he had made a “Big Short”–type bet.

Miami Herald

Takeaways and details from Heat’s road win over Clippers to move 2 games above .500

LOS ANGELES — Five takeaways from the Miami Heat’s 110-100 win over the Los Angeles Clippers (21-18) on Monday night at Crypto.com Arena to improve to 2-1 on their five-game West Coast trip.

Fortune

Fortune Crypto's 2022 Jealousy List

Here are some of the best crypto—and a few non-crypto—stories our reporters and editors read in 2022.

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Dipanjan BanchurSince

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