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The Latest Breaking News from Cryptocurrency

He lost $340,000 to a crypto scam. Such cases are on the rise

He thought he was investing in cryptocurrency. In fact, he was being swindled out of his life savings. There has been a 900% increase in such cases since the pandemic began, federal regulators say.

WEKU

Bitcoin roars past $31,000 to 52-week high as interest from TradFi firms spurs trading

The cryptocurrency continues to see gains in the wake of TradFi firms making major crypto announcements.

Fortune

Almost no one uses Bitcoin as currency, new data proves. It's actually more like gambling

Bitcoin boosters like to claim Bitcoin, and other cryptocurrencies, are becoming mainstream. There’s a good reason to want people to believe this.

The Conversation

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Erika Ettin: Look out for these 5 red flags to avoid online dating scams

It seems like every other day, there’s an article about someone falling for a scam that started on a dating website or app. The latest: A recently divorced woman was swindled out of $100,000 by a scammer she met on Tinder. In a months-long scheme, the scammer convinced her to…

Tribune News Service

Tory peer faces questions over links to cryptocurrency lobbying firm

James Wharton is helping to forge Westminster connections for the cryptocurrency sector

The Guardian - UK

Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges

The U.S. Securities and Exchange Commission and Binance have reached a court agreement that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges

The Independent UK

US regulators continue crypto crackdown – but here's why the latest charges are different

The US Securities and Exchange Commission (SEC) sued the cryptocurrency platform Coinbase shortly after launching a lawsuit against the world’s largest cryptocurrency exchange, Binance.

The Conversation

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With Sam Bankman-Fried looking on, judge seems skeptical of request to reject criminal fraud charges

FTX founder Sam Bankman-Fried's lawyers encountered a skeptical federal judge when they argued that he should toss out criminal fraud charges their client faces after the collapse of his cryptocurrency business

The Independent UK

A Missouri doctor's death is steeped in mystery and speculation. Authorities aren't talking

Many of the people who knew John Forsyth are at a loss to explain the Missouri emergency room doctor's death

The Independent UK

Bitcoin dips below $25,000 as Fed takes hawkish tone after pausing interest rate hikes

The broader crypto market followed suit, as the total market capitalization for all cryptocurrencies dropped about 4%.

Fortune

CPI(M) expels four workers over cryptocurrency scam

Four Communist Party of India (Marxist) [CPI(M)] workers were expelled from the party following a financial scam related to cryptocurrency transactions.

The Hindu

Here's another great reason not to install Windows 10 - it could be malware

Don't pirate Windows 10, as it might come with a virus that steals all your crypto.

TechRadar

Binance.US, SEC not far apart on deal avoiding full asset freeze

Binance.US and the Securities and Exchange Commission agreed to work on a deal that avoids a total asset freeze at the cryptocurrency trading platform, which the regulator has accused of operating illegally.

Tribune News Service

TechScape: The US is clamping down on cryptocurrency – is the UK next?

Regulators have launched two big lawsuits against Binance and Coinbase, and Rishi Sunak could mine the benefits

The Guardian - UK

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Fortune

Solana survived Sam Bankman-Fried. Can it survive Gary Gensler?

The risk for the blockchain is “potentially existential,” says one legal expert, but developers remain unfazed.

Zenger

EU Watchdog Calls Out Social Media, Elon Musk And ‘Finfluencers’ For ‘Crypto Con’

A report from the European Consumer Organization calls out social media platforms for letting cryptocurrency ads avoid regulations

Chicago Sun-Times

Accused of stealing Tuskegee Airman’s savings, ex-Cook County judge could now face criminal contempt charge

Patricia Martin was ordered last month to pay $1.2 million after she failed to turn over records or answer questions about her handling of Oscar Lawton Wilkerson Jr.’s money.

The Guardian - UK

Top US tech investor to open office in UK citing crypto-friendly approach

California-based venture capitalist firm says UK now on ‘right path to becoming a leader in crypto regulation’

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TechRadar

Thousands of fake cryptocurrency sites trap users in fake reward schemes

Researchers discover elaborate scheme to trick victims into giving away bitcoin - here's how you can stay safe.

Evening Standard

How to trade Bitcoin

The first ever cryptocurrency, Bitcoin (BTC) is now the most valuable cryptocurrency in the world. However – as with all cryptocurrencies – it is a highly volatile asset and its price can fluctuate dramatically. If you are aware of the risks and want to trade in Bitcoin, this guide sets…

Bangkok Post

Bitkub revenue dips 48% as crypto sinks

Bitkub Online (BO), the owner of Bitkub Exchange, Thailand's leading cryptocurrency platform, reported a 48% year-on-year decline in revenue last year as the crypto market plunged.

The Independent UK

SEC lawsuits against cryptocurrency companies raise questions about industry's future

Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns

WEKU

Wall Street's top cop is determined to bring crypto to heel. He just took a big shot

The SEC announced this week a barrage of lawsuits against crypto exchanges Coinbase and Binance. The outcome could help define the future of the cryptocurrency sector.

The Independent UK

Judge in FTX bankruptcy rejects media challenge, says customer names can remain secret

A Delaware bankruptcy judge says the names of individual customers of collapsed cryptocurrency exchange FTX Trading can be permanently shielded from public disclosure

Zenger

Crypto Takes The European Stage: Inside MiCA’s Transformative Regulatory Framework

Markets in Crypto Assets (MiCA) regulation is expected to be enacted by Dec 30, 2024.

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