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The Latest Breaking News from Cryptocurrency

Bankman-Fried charged with paying $40M bribe to China

A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business

The Independent UK

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.

Tom’s Guide

South Dakota gov's veto of cryptocurrency regulations upheld

South Dakota’s House has failed to override Gov. Kristi Noem’s recent veto of a bill that would have created government regulations for the use of cryptocurrency in the state

The Independent UK

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Regulator orders Zipmex to clarify deal payments

The Securities and Exchange Commission (SEC) on Monday ordered cryptocurrency exchange Zipmex to clarify news that emerged on Friday regarding its Singapore parent not receiving the latest payment under its buyout agreement with venture capital firm V Ventures Technologies.

Bangkok Post

Nvidia kicks crypto to the curb: 'doesn’t bring anything useful for society. AI does'

That's surely going to ruffle some feathers.

PC Gamer

Caught in the FTX storm: how a crypto high-flyer fell to Earth

The Maps payments app run by British-educated cryptocurrency tycoon Alex Grebnev, who was backed by Sam Bankman-Fried, has lost its Mastercard partnership amid a row over Russian users

The Guardian - UK

Immigration officer wanted for abduction, extortion surrenders

A senior immigration officer, the fourth and final suspect wanted for the abduction and cryptocurrency extortion of a Chinese man and his Thai interpreter, turned himself in to police in Pattaya on Friday night.

Bangkok Post

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Long-awaited Arbitrum token generates $1.8B in 2 hours

The less-than-day-old cryptocurrency is already one the top 50 most valuable tokens by market cap.

Fortune

Police: Crypto firm founder Do Kwon arrested in Montenegro

Police in Montenegro say they have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency

The Independent UK

Crypto founder Do Kwon indicted in US following Montenegro arrest

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors.

Reuters

Bitcoin teeters near $27,000 as Fed raises interest rates and Powell says cuts unlikely in 2023

The cryptocurrency jumped above $28,000 earlier this week.

Fortune

States debate whether to restrict — or invite — crypto mining

SEATTLE — As cryptocurrency mining draws increased scrutiny on Capitol Hill in Washington, D.C., some state legislatures are considering proposals to restrict the industry over growing concerns about its energy use. Other states, though, are advancing bills to protect cryptocurrency miners from such crackdowns, citing the economic potential of hosting…

Tribune News Service

Crypto Mining at Gas Wells Sparks Regulatory Headaches, Outcry in Northwestern Pennsylvania

Before obtaining the required permits, Diversified Energy began installing cryptocurrency mining infrastructure on one of its thousands of well pads.

Capital & Main

Can regulation shape cryptocurrencies into useful business assets?

One of the more complex corners of the technology industry businesses often refrain from touching is the cryptocurrency market. Built on a principle of a decentralised market, away from the prying eyes of central bodies or governments, and utilising blockchain technology to provide a clear and concise record of all…

IT Pro

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Fortune

Coinbase shares bounce back alongside Bitcoin

The exchange’s stock mirrors a resurgence in the price of the largest cryptocurrency.

ABC News

Company running Perth Mint cryptocurrency withdraws support, but questions linger over future of GoldPass app

The company that runs the Perth Mint's cryptocurrency announces it will no longer support the digital tokens because of alleged breaches of Australian and US laws by the mint.

Fortune

Bitcoin soars past $28,000 to hit its highest point in 9 months as investors get spooked by the banking sector struggles

The cryptocurrency had previously struggled to maintain momentum past the $25,000 mark.

Daily Record

Disabled Scot promised £82,000 by cruel cryptocurrency scammers before falling victim to slick double con

When John Ogilvie lost contact with the scammers he was conned again and convinced to pay for help to 'retrieve' his cash.

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Tribune News Service

Crypto is finally getting its first Supreme Court appearance

A clash involving disgruntled Coinbase Global Inc. customers will give the U.S. Supreme Court its first taste of the world of cryptocurrency, foreshadowing future cases that could help define the industry.

Bangkok Post

Crypto-linked bank failures fuel regulation debate

LONDON: The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.

Zenger

The DOJ And The SEC Probing The Investigations Of The Collapse Of Silicon Valley Bank

The investigation of the failure of Silicon Valley Bank involve shares that sold and bonds that were bought by the bank

Fortune

What crypto 'staking' really means

Misusing crypto terms like "staking" shows how much words matter—and how ignoring that harms the industry.

Fortune

Arbitrum, a leading scaling solution for Ethereum, will finally have a native cryptocurrency

The long-awaited launch of the coin will further decentralize the blockchain ecosystem, says Offchain Labs, Arbitrum’s initial developer.

The Independent UK

NY bank's demise: Contagion or a problem with the business?

A New York-based bank's demise was stunningly fast

Daily Mirror

Nottingham Forest star returns to homeland after losing £1m to cryptocurrency

Gustavo Scarpa joined Nottingham Forest from Brazilian club Palmeiras in January but returned to his homeland after losing £1million in an alleged cryptocurrency fraud

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