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The Latest Breaking News from Crypto

Binance auditor withdraws from working with crypto company

World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

The Guardian - UK

Trump allies blast crypto announcement after FTX collapse

Some of the former president's most ardent fans were less than impressed.

Axios

Elizabeth Warren's Crypto Bill Targets Financial Freedom, Not Fraud

Senator Warren wants to extend the financial surveillance state cooked up by drug warriors and anti-terrorism fearmongers to cryptocurrencies.

Reason

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Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

WEKU

Short-handed Clippers are no match against Suns

LOS ANGELES — One by one, the starting lineup arrived inside Crypto.com Arena.

Los Angeles Times

Shaq distances himself from crypto, despite once being a paid spokesperson for FTX

“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal said, referring to his association with the failed cryptocurrency exchange FTX.

Fortune

Lawmakers quick to unload FTX founder's contributions

Lawmakers who eagerly accepted piles of cash from Samuel Bankman-Fried now can’t move fast enough to offload contributions from the disgraced crypto mogul to anywhere but their own campaign coffers

The Independent UK

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FTX political contributions flowed to Texans in both parties in 2022 midterm elections

WASHINGTON — Two super PACs associated with disgraced cryptocurrency tycoon Samuel Bankman-Fried pumped more than $2.7 million into a Dallas congressional race, helping Democrat Jasmine Crockett top a crowded primary field and coast to election last month.

Tribune News Service

Crypto was meant to solve financial corruption. The FTX scandal shows it’s got worse

The collapse of FTX should provide a wake-up call to Rishi Sunak, who has been singing the praises of cryptocurrencies, says academic and author David A Banks

The Guardian - UK

Crypto is riddled with accounting scandals. Could the Big Four solve that?

Few crypto companies rely on the services of major accounting firms. Maybe that should change.

Fortune

FTX charges may do little to bring law to crypto Wild West

Charges largely center on straightforward fraud allegations, rather than getting crypto specific.

Axios

UN to send displaced Ukrainians USDC to convert into local currencies

Aid recipients will get funds in the stablecoin USDC, which can be redeemed at any MoneyGram location.

Fortune

Crisis-hit cryptocurrency PLC Ultima bans Mirror from conference

PLCu has collapsed in value and blocked withdrawals, which might help explain why it wasn't keen on Press coverage

Daily Mirror

Minnesota Timberwolves vs. Los Angeles Clippers, live stream, prediction, TV channel, time, how to watch the NBA

The Minnesota Timberwolves will meet the Los Angeles Clippers in NBA action on Wednesday night at the Crypto.com Arena.

USA Today Sports Media Group

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The Independent UK

VIDEO FOR YOU: Senate Democrats take aim at cryptocurrency

EDITORS/NEWS DIRECTORS:

Bangkok Post

Investors desert Binance

Thai cryptocurrency pundits are recommending investors withdraw digital assets from Binance amid a run on the world's largest crypto exchange, moving their money to a safer crypto exchange in Thailand regulated by the Securities and Exchange Commission (SEC).

The Independent UK

Senate crypto hearing yields big claims, possible regulation

Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday

Fortune

Star-studded Senate hearing illustrates massive divide over crypto in D.C.

Without Sam Bankman-Fried in attendance, senators focused on the future of the volatile industry.

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The Guardian - UK

Bitcoin has rallied. What are crypto’s true believers still smoking?

FTX’s filing for bankruptcy was an existential event – and may signal the moment when grown-up thinking re-entered the room

Evening Standard

Sam Bankman-Fried: the crypto pioneer behind one of the largest financial frauds in history

The 30-year-old is facing decades in jail after being found guilty of fraud. So how did the FTX founder end up here? Amy Francombe reports

Fortune

PayPal launches integration with MetaMask Web3 wallet for Ethereum transactions

The company said the feature will be rolled out to U.S. users in the coming weeks.

The Guardian - US

Warren pushes bipartisan bill to regulate crypto firms after FTX collapse

Move co-sponsored by Republican Roger Marshall aims to crack down on money laundering after arrest of Sam Bankman-Fried

Fortune

Everyone has had enough of Gary Gensler

The SEC chair’s publicity antics have worn thin. The industry deserves a real regulator.

Fortune

FTX’s venture investments in limbo with SBF in custody and prosecutors and lawyers circling crumbs of his crypto empire

The SEC claims Sam Bankman-Fried used FTX customer funds to make venture investments.

Salon

Crypto: The white male privilege scam

The downfall of Sam Bankman-Fried serves as a reminder of how many white male "geniuses" are just full of crap

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