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The Latest Breaking News from FTX

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

Heat Announce Temporary Arena Name After FTX Fallout

The organization has been working with Miami-Dade County on a resolution after the arena cut ties with its naming rights partner late last year.

Sports Illustrated

Miami Heat home arena gets temporary name after FTX collapse

The home of the Miami Heat has yet another name: Miami-Dade Arena

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Miami Heat NBA arena gets temporary name after FTX collapse

The home of the Miami Heat has yet another name: Miami-Dade Arena

The Independent UK

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

Genesis is on the hook for $3 billion

The Financial Times also reported that Genesis has a portfolio valued at $500 million.

Fortune

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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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

The Guardian - US

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

Daily Mirror

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

The Independent UK

Ripple: ‘Congress must examine the SEC’s role in the recent crypto contagion’

For the last two years, Ripple has been arguing that the SEC is overreaching on crypto regulation. It's time for the new Congress to provide certainty.

Fortune

UK investors caught up in FTX collapse make reports to police

The total loss reported was £1.16 million, with the biggest individual loss at £1 million.

The Independent UK

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…

Tribune News Service

Coinbase lays off around 20% of its workforce as crypto downturn continues

This latest round of job cuts, around 950, comes after the company laid off about 1,100 people back in June.

WEKU

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Zenger

Sam Bankman-Fried Fights To Keep Control Of $450M In Robinhood Shares As Creditors Circle

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

Fortune

Bitcoin or gold? Beware the ‘malignant tumor,’ says ‘Black Swan’ guru Nassim Nicholas Taleb

"Technology comes and goes, gold stays, at least physically. Once neglected for a brief period, Bitcoin would necessarily collapse.”

The Independent UK

'The money is gone': Bahamas tries to turn page after FTX

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs

The Independent UK

AP News Digest 8:15 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

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news in one place.

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Zenger

McCarthy Took $2 Million From FTX Crypto Scam Co-Founder

He hasn't said what he intends to do about the money, while other Republicans have turned FTX funds over to the U.S. Treasury.

Bangkok Post

China optimism lifts Asian equities

RECAP: Asian equities advanced on Friday amid hopes for China's emergence from the pandemic and an economic lift from renewed travel from the mainland.

Fortune

Sam Bankman-Fried's lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

Fortune

Crypto Twitter, mainstream media, and who really exposed FTX

The Washington Post suggests pseudonymous Twitter accounts and Substack writers had an outsize role in exposing FTX.

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.

The Guardian - UK

Silvergate forced to cover $8bn worth of crypto-related withdrawals

The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales

AAP

Aussies stung for millions in crypto crash

The FTX collapse wiped many crypto wallets and took out smaller exchanges, but administrators for Aussie platform Digital Surge are working on a rescue plan.

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