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The Latest Breaking News from FTX

Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

"While there's money involved, I don't think any of us would call on [regulators] to supervise online massive multiplayer games," argued Stephen Cecchetti.

Fortune

Thanks to FTX, regulating crypto should be easy

As the demise of the FTX crypto empire unfolds — on Twitter, in bankruptcy proceedings, in congressional hearings and potentially in criminal court — lawmakers and regulators are grappling with a question: What, if anything, should they do to civilize a market so rife with abuse?

Tribune News Service

Judge kept FTX execs' plea deals secret to get founder to US

A judge agreed to keep secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so that the cryptocurrency entrepreneur would not change his mind and fight extradition from the Bahamas to the United States

The Independent UK

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It was the end of easy money that took the shine off tech in 2022

City comment: After a period of naïve optimism and financial malpractice, it’s time for the tech sector to snap back to reality

Evening Standard

A 'kitchen sink' approach won't work for DeFi legislation

DeFi has unique pros and cons, and it requires unique oversight.

Fortune

Michael Hiltzik: Musk's genius, Putin's prowess and other victims of the Year of Fails

'Tis the holiday season, when we pundits look back at the most uplifting moments of the last year and ahead to what may gladden our hearts in the next.

Los Angeles Times

Sam Bankman-Fried released to parents’ home on $250 million bail while awaiting crypto fraud trial

The 30-year-old is accused of stealing billions in customer funds from cryptocurrency exchange FTX

Evening Standard

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ASX in the red as Wall Street tumbles in Christmas sell-off, Tesla shares tank — as it happened

The ASX was dragged down by a fall on Wall Street as US stocks resumed their December sell-off, while Tesla shares lost nearly 9 per cent after it offered discounts of $US7,500 on US sales.

ABC News

Bankman-Fried released on $250 million bond in FTX fraud case

NEW YORK — Sam Bankman-Fried was released on a $250 million bail package after making his first U.S. court appearance to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded.

Tribune News Service

Sam Bankman-Fried released on $250 million bond

He has been accused in a U.S. criminal complaint of engaging in a fraud scheme for FTX customers.

Axios

FTX founder Sam Bankman-Fried to be released on $250m bail after first US court appearance

Former head of failed crypto exchange was extradited to US after arrest in Bahamas

The Independent UK

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

Al Jazeera

FTX founder Sam Bankman-Fried is about to make his first US court appearance as he faces decades in prison

Bankman-Fried's closest business associates had also been charged and had secretly pleaded guilty.

Fortune

Sports unraveled, collided with politics, racism in 2022

Hardly a day passed in 2022 when a headline that ran across the ticker on ESPN wouldn't have been out of place on CNN or Fox Business

The Independent UK

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Reason

GOP Lawmaker Blocks IVF Protection Bill

Plus: Diminishing differences in regional attitudes, IRS begins monitoring small transactions, and more…

The Independent UK

FTX founder Bankman-Fried to make 1st US court appearance

The cryptocurrency entrepreneur Sam Bankman-Fried is expected to make his initial U.S. court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform

France 24

FTX founder Bankman-Fried to appear in court after extradition to US

FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange.

The Independent UK

Two associates of FTX founder Sam Bankman-Fried reach plea deals over crypto scandal

Pair faced hefty prison sentences for role in collapse of cryptocurrency exchange

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news in one place.

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Axios

Coinbase CEO Brian Armstrong talks FTX, crypto regulation and DeFi

The crypto industry suffered a big black eye, but it isn't going anywhere, Armstrong says.

Evening Standard

FTX founder Sam Bankman-Fried touches down in New York to face fraud charges

Two of Sam Bankman-Fried’s top associates have pleaded guilty to criminal charges related to the operation of FTX

Al Jazeera

FTX founder Bankman-Fried’s colleagues plead guilty to fraud

Gary Wang and Caroline Ellison have agreed to cooperate with the authorities, according to US prosecutors.

WEKU

Sam Bankman-Fried to be released on $250 million bail into parents' custody

The founder of cryptocurrency exchange FTX appeared in court after being extradited from the Bahamas. He's charged with alleged fraud, conspiracy, money laundering and illegal campaign contributions.

Axios

Two major FTX figures plead guilty to federal charges

Two close confidants of Sam Bankman-Fried are cooperating with federal prosecutors.

Fortune

Sam Bankman-Fried lieutenant Caroline Ellison charged with fraud over FTX crypto price manipulation

Ellison, who is reportedly cooperating with the Justice Department against Sam Bankman-Fried, is accused of manipulating the price of FTX's FTT token.

Fortune

Sam Bankman-Fried, former CEO of FTX, to land in the U.S. tonight

The easiest way to convict Sam Bankman-Fried for the FTX fraud is to gain the cooperation of Caroline Ellison, the former CEO of Alameda and Bankman-Fried's former girlfriend.

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