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The Latest Breaking News from Cryptocurrency

Two associates of FTX founder Sam Bankman-Fried reach plea deals over crypto scandal

Pair faced hefty prison sentences for role in collapse of cryptocurrency exchange

The Independent UK

Seoul: North Korean hackers stole $1.2B in virtual assets

South Korea's spy agency says North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone

The Independent UK

Computer expert faces contempt of court proceedings over Bitcoin libel ruling ‘leak’

A computer expert who claims to have invented cryptocurrency Bitcoin is facing contempt of court proceedings over the alleged leaking of a High Court ruling.

Evening Standard

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Fuelled by hope and fear, cryptocurrency markets are primed for contagion

Financial contagions can be triggered easily, if conditions are right. First one financial institution falls and then others follow, like a chain of falling dominoes.

The Conversation

FTX founder could be sent to US after extradition hearing

Sam Bankman-Fried is back in a Bahamian court Wednesday for an extradition hearing that could clear the way for the one-time billionaire to be sent to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX

The Independent UK

What is cryptocurrency?

Cryptocurrencies are a type of digital asset, which rely on cryptography for security.

Evening Standard

Hearing on FTX founder's extradition to US set for Wednesday

Sam Bankman-Fried will have a hearing Wednesday in a Bahamian court on his possible extradition U.S. in the coming days to face criminal charges related to the collapse of cryptocurrency exchange FTX

The Independent UK

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Sam Bankman-Fried could be housed in same prison Ghislaine Maxwell was in after agreeing to extradition

The disgraced FTX founder will return to the US from The Bahamas to face criminal charges

The Independent UK

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

Jo Johnson resigns from Binance advisory role

The former Tory MP and universities minister stepped back as scrutiny over the cryptocurrency exchange grows

The Guardian - UK

How the federal funds rate impacts your investments

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

Fortune

Crypto miner 'stole electricity worth B10 million'

A cryptocurrency miner running 223 computers stole some 10 million baht worth of electricity over a one-year period, the Metropolitan Electricity Authority (MEA) says.

Bangkok Post

US trustee, media challenging secrecy in FTX bankruptcy

Attorneys for the U.S. bankruptcy trustee and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public

The Independent UK

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Salon

Madison Cawthorn sued by his own lawyer

The freshman congressman owes nearly $200K to a legal firm that kept him on the primary ballot — which he lost

The Guardian - UK

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

Reason

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.

Roll Call

Bankman-Fried made Agriculture panel members focus of campaign support

Sam Bankman-Fried and other FTX employees put House and Senate Agriculture panel members at the focus of campaign spending and donations.

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Tribune News Service

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.

Orlando Sentinel

Frost says he’ll give Bankman-Fried campaign contribution to charity

ORLANDO, Fla. — Maxwell Frost, Orlando’s Democratic congressman-elect, took to social media to explain his connection to Sam Bankman-Fried, the indicted founder of cryptocurrency exchange FTX.

Daily Mirror

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

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

Newsroom.co.nz

Explainer: cryptocurrency and cryptocurrency exchanges

Almost all cryptocurrencies have declined significantly this year but this doesn’t seem to be putting people off, writes Alex Sims

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