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The Latest Breaking News from Cryptocurrency

US arrests Russian crypto boss who ‘catered to known crooks’

Justice dept says Anatoly Legkodymov operated the Hong Kong-registered Bitzlato exchange as a money laundering haven.

Al Jazeera

Justice Dept. charges Russian founder of cryptocurrency firm

A Russian national who founded a cryptocurrency exchange the Justice Department says evaded U.S. regulations and became a haven for proceeds of criminal activity has been arrested

The Independent UK

Cryptocurrency news – live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Bitcoin prices took a dive ahead of the DoJ announcement

The Independent UK

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'The Crocodile of Wall Street' gets new tech job despite being under 24-hour house arrest

Heather Morgan has many credentials to her name including economist, tech entrepreneur, columnist, CEO, rapper—and accused launderer of stolen cryptocurrency.

Fortune

Gronk Subpoenaed in Cryptocurrency Lawsuit, per Report

The former NFL tight end reportedly hasn’t been listed as a defendant at this time, although he was a brand ambassador for Voyager Digital.

Sports Illustrated

Cryptocurrencies are in crisis, but they are not going to disappear

Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.

The Conversation

Cryptocurrency gang worth £22mil 'handed out £5k gift cards in the street'

The Bitcoin scammers were so wealthy that they bought cars for people they met in the pub.

Daily Record

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Bitcoin Relief Rally Spurs Big Crypto Gains

After ending the previous year deep in the red, cryptocurrency prices are soaring again on the back of sudden buying

Zenger

Is crypto about to go extinct?

It will likely survive, but only after more firms and currencies crash and burn. Here’s why.

Al Jazeera

What’s the true value of crypto? It lays bare the lies of libertarians

The downfall of the FTX cryptocurrency exchange proves how much markets need rules, writes Zoe Williams

The Guardian - UK

The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven

The Bahamas represents how global capitalism can go very right, and very wrong, at exactly the same time.

Foreign Policy

Environmental group sues New York for approving crypto mining facility

Lawsuit argues move to allow energy-intensive cryptocurrency miner to take over power plant violates state’s 2019 climate law

The Guardian - US

FTX’s Sam Bankman-Fried launches newsletter to defend himself: ‘I didn’t steal funds’

Disgraced cryptocurrency CEO Sam Bankman-Fried launched a newsletter Thursday in his latest attempt to defend himself.

Tribune News Service

What next for crypto? Industry faces new challenges after rollercoaster year

2022 was a tumultuous year for crypto. One company fell after another, culminating with the spectacular collapse of the FTX cryptocurrency exchange and the arrest of its founder Sam Bankman-Fried, who is now under investigation for fraud. So what's in store for the industry this year? FRANCE 24's Kate Moody…

France 24

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The Guardian - US

Sam Bankman-Fried claims ‘I didn’t steal funds’ in first response to FTX case

Disgraced cryptocurrency boss says FTX customers could get their money back in statement published on Substack

Radio France Internationale

Podcast: Senegalese riflemen, cryptocurrency woes, Napoleon III

Long-awaited recognition for France's colonial infantry corps. Who are the French victims of the collapse of the FTX cryptocurrency exchange? Napoleon III's transformation of France.

Daily Mirror

Tom Brady and New England Patriots owner 'lose fortune' as £26billion crypto goes bust

Cryptocurrency site FTX has gone bankrupt and lots of rich investors have taken a big financial hit, including the likes of Tom Brady and New England Patriots owner Robert Kraft

The Independent UK

Individual creditor names remain secret in FTX bankruptcy

The judge presiding over the bankruptcy of cryptocurrency exchange FTX Trading is allowing the company to maintain a veil of secrecy over the names of individual customers and creditors

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Tribune News Service

Commentary: We should celebrate, not bemoan, the swift collapse of FTX

If indeed all the reports are true— that the cryptocurrency exchange FTX lent out billions of dollars in customer deposits for risky bets without their consent — then the world should celebrate its swift demise. Markets are ruthless in rewarding success and punishing failure. And FTX’s fall from grace over…

Fortune

'A fraud and a bubble are two different things': Crypto is shocking to a financial historian who literally wrote the book on financial bubbles

Financial historian William Quinn says crypto is either the smartest “Ponzi” or the stupidest “bubble” in history: “And the truth is probably somewhere in the middle.”

Daily Mirror

Logan Paul withdraws threat of legal action over $6million crypto "scam" documentary

Paul had previously posted a seven-minute long video responding directly to a documentary accusing him of running a cryptocurrency scam that cost fans millions

Fortune

The ‘everything bubble’ has popped and the experts on Wall Street and in Silicon Valley were spectacularly wrong about a ton of things

Morgan Stanley analysts were sure Carvana stock would hit $430 a share and the crypto faithful believed Bitcoin would top $1 million.

Tribune News Service

‘Mutant Ape Planet’ NFT seller arrested for alleged fraud

U.S. prosecutors charged a French national with defrauding buyers of his “Mutant Ape Planet” non-fungible tokens, alleging he duped investors out of more than $2.9 million in cryptocurrency before his arrest Wednesday at a New York airport.

Fortune

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.

Tribune News Service

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.

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