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The Latest Breaking News from Cryptocurrency

Elon Musk Seeks to End $258 Billion Dogecoin Lawsuit

Elon Musk asked a US judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by…

Asharq Al-Awsat

Lawyer: FTX founder likely challenging new crypto charges

A lawyer for onetime cryptocurrency darling Sam Bankman-Fried is signaling that he's challenging the validity of new charges contained in rewritten indictments released in recent weeks after his client was brought to the United States from the Bahamas in December

The Independent UK

FTX Founder Sam Bankman-Fried Accused Of Bribing Chinese Officials With $40M In New Indictment

Zenger

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US and Korea seek extradition of crypto fugitive

PODGORICA, Montenegro: The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said on Wednesday, just days after he was arrested in the Balkan nation.

Bangkok Post

Montenegro: South Korea, US seek extradition of Do Kwon

Montenegro says both South Korea and the United States have formally requested extradition of Terraform Labs founder Do Kwon, who is wanted in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world

The Independent UK

Bankman-Fried charged with bribing Chinese officials

FTX founder Sam Bankman-Fried has been charged in the United States with directing $US40 million ($A60 million) in bribes to one or more Chinese officials.

The New Daily

Stock Market Today: Stock Market Struggles While Alibaba Shines

Tech and communication services stocks were two of the worst performers today as Treasury yields rose.

Kiplinger

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Intuit TurboTax Deluxe 2022 review: Tax returns with the best guidance

Intuit TurboTax Deluxe 2022’s hallmarks remain its extensive tax expert assistance and strong support for importing investments and cryptocurrency, but it comes at a higher price than ever before.

Tom’s Guide

Crypto holders urged to 'try not to panic' as inflation may cause crash

Turbulence in the crypto market can lead a lot of people to panic and sell their coins

Irish Mirror

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

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

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The Guardian - UK

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

Bangkok Post

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.

Fortune

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.

The Independent UK

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

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Reuters

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.

Fortune

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.

Tribune News Service

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…

Capital & Main

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.

IT Pro

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…

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.

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