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The Latest Breaking News from Cryptocurrency

Westpac bans transfers to world’s largest crypto exchange Binance

Bank customers can no longer make payments to the cryptocurrency exchange, in a move to reduce scams

The Guardian - AU

OPINION - Tech & Science Daily podcast: Should crypto trading be treated like a type of gambling?

The Treasury Committee says that consumer cryptocurrency trading should be regulated as gambling.

Evening Standard

Cryptocurrency trading in UK should be regulated as form of gambling, say MPs

Report says people betting on prices of such assets ‘should be aware that all their money could be lost’

The Guardian - UK

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Cryptocurrency trading should be regulated as gambling, says Treasury Committee

Unbacked cryptoassets pose significant risks to consumers, given their price volatility and the risk of losses, the committee said.

The Independent UK

Cryptocurrency trading should be regulated as gambling as it ‘serves no useful purpose’ otherwise, MPs say

The Committee said regulating cryptocurrencies as financial products risked giving people a false sense of security in the assets

Evening Standard

Crypto rules get final approval to make Europe a global leader on regulation

European Union states have given final approval to a sweeping set of beefed-up cryptocurrency rules, giving the 27-nation bloc a global lead in regulating the freewheeling sector

The Independent UK

FTX founder Sam Bankman-Fried ‘let me see everything’ for new book, says Michael Lewis

The Big Short author was given unlimited access to failed cryptocurrency exchange founder for Going Infinite: the Rise and Fall of a New Tycoon

The Guardian - UK

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Hong Kong Banks Looking To Be The Leader In Cryptocurrency Moving To Virtual Assets

Hong Kong is encouraging banks to cater to the needs of licensed virtual-asset firms — a move that highlights the city's ambition.

Zenger

How to buy Cardano (ADA)

Cardano and its native cryptocurrency ADA were created by one of Ethereum’s co-founders in 2017.

Evening Standard

North Korean hackers stole $721 million in cryptocurrency from Japan - Nikkei

Hacker groups affiliated with North Korea have stolen $721 million worth of cryptocurrency assets from Japan since 2017, the Nikkei business daily reported on Monday, citing a study by U.K. blockchain analysis provider Elliptic.

Reuters

Crypto miners ‘stole B500,000 a month worth of electricity’

SAMUT PRAKAN: Authorities have seized cryptocurrency mining hardware worth more than 5 million baht from two houses in Samut Prakan where electricity theft exceeded 500,000 baht a month.

Bangkok Post

Bitcoin Thief Who Stole Nearly $5 Million And Was Photographed In Cash-Filled Bathtub Gets 4 Years In Prison

On Thursday, Gary Harmon, a resident of Ohio, was sentenced to a four-year prison term after he pled guilty in January to stealing mo

Zenger

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges.

Reuters

Scots dad's warning after losing £100,000 of life savings to cryptocurrency scam

Mick, who owns the Coffee Lodge in Hermitage of Braid, shared his story with customers after realising he had been conned.

Daily Record

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Barchart

Bitcoin – Stuck In Neutral

Bitcoin is a highly controversial asset. Supporters believe cryptocurrency will replace fiat currencies as Bitcoin and the many other cryptos values reflect buying and selling interest without government intervention. Opponents say cryptos allow many nefarious market participants to operate. Speculators have flocked to cryptocurrency markets because of the extreme volatility…

Fortune

This artist just made a memecoin that skyrocketed to a $77 million market cap. He mostly used GPT-4

The artist still owns a little more than 10% of the tokens.

Fortune

Former Coinbase employee who tried to flee the U.S. sentenced to two years in prison for his role in the first cryptocurrency insider trading case

The former employee, Ishan Wahi, tried to leave the U.S. for India after Coinbase asked him for a meeting.

StockNews.com

3 Blockchain Stocks to Keep off Your Radar Amid Crypto Turmoil

The prospects of blockchain companies are closely related to the cryptocurrency market. Given the high risk and uncertainty surrounding the crypto space, it could be wise to avoid fundamentally weak blockchain stocks Block (SQ), Riot Platforms (RIOT), and HIVE Blockchain (HIVE). Read more….

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The Independent UK

FTX founder Sam Bankman-Fried seeks dismissal of all but three charges in crypto collapse indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

Evening Standard

How to trade cryptocurrency

If you want to trade cryptocurrency, all you need is a connection to the internet, a computer or smartphone and a sum of money to invest that you’re very comfortable losing. Here’s more on trading cryptocurrency.

The Independent UK

FTX founder Sam Bankman-Fried seeks dismissal of indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

The Times of India

Binance restarts withdrawals of Bitcoin after second halt

NEW YORK: Binance restarted withdrawals of Bitcoin after citing congestion on the token’s blockchain for two halts in less than 12 hours, suspensions that weighed on cryptocurrency markets.

Tom’s Hardware

U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022

The White House's recently-published DAME tax proposal report brings to light estimates showing that national Bitcoin mining consumed more power than all of the United State's computers combined.

PC Gamer

So, you're telling me that US crypto mining used more power last year than ALL THE COMPUTERS?!

The upper limit could actually put it on par with the energy consumed by all the lighting in the United States. Eep.

PC Gamer

Biden proposes heavy tax on cryptocurrency miners for 'the harms they impose on society'

Better late than never?

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