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The Latest Breaking News on Crypto

Changpeng Zhao: another crypto king is dethroned by America’s courts

Weeks after the Bankman-Fried trial, the billionaire founder of the largest cryptocurrency exchange has been fined $50m and resigned

The Guardian - UK

Binance Hit With $4.3B Justice Department Penalty: Yellen Says Crypto Exchange ‘Turned A Blind Eye’ To The Law

Binance admitted guilt to federal charges Tuesday as part of resolution with U.S. Justice Department amounting to over $4 billion

Zenger

World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns

Binance crypto exhange was facing scrutiny from federal regulators including the Commodity Futures Trading Commission and the Departments of Justice and Treasury

The Independent UK

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Binance crypto exchange founder to step down amid US illicit finance probe

US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.

Al Jazeera

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

WEKU

Karnataka Bitcoin scam: SIT to source high-end tool to track trail of transactions

The Special Investigation Team (SIT) of the Criminal Investigation Department (CID), which was constituted to probe the bitcoin scam that unfolded during the previous BJP rule, will source a high-end tool to unearth the trail of bitcoins moved by the accused Srikrishna Ramesh aka Sriki.

The Hindu

Marathon Stock Joins Elite Club After Q3 Revenue Soared 671%

Marathon stock shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.

Investors Business Daily

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SCOTUS takes up second Chevron case, bump stock ban challenge

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

More than half of Black Friday shoppers ‘set to put spending on credit’

Out of those spending, more than half are set to use a form of credit and a further 21% will borrow money from friends and family, TSB said.

The Independent UK

‘Sriki moved Bitcoins worth ₹10 crore in just 22 minutes from inside quarantine cell in Parappana Agrahara’

Notorious hacker Srikrishna Ramesh (Sriki), who was inside a quarantine cell at Parappana Agrahara after he was arrested in 2020, allegedly moved Bitcoins worth ₹10 crore to different wallets using a laptop that was smuggled into the prison, unleashing the Bitcoin scam

The Hindu

Bitcoin, Ethereum, Dogecoin Drop, New Report Suggests Absence Of SEC Decision On Spot BTC

The cryptocurrency market experienced a drop on Thursday evening after a wave of sell orders was positioned

Zenger

Steroid smuggling gang member ordered to hand over £9.8m

The steroids would be sold to bodybuilders and fitness fanatics on the black market

Evening Standard

Crypto Mining Rigs Hidden in Polish Court Building to Steal Electricity

Criminals have been caught stealing power for running cryptomining gear under the floors and in ventilation ducts of the Supreme Administrative Court in Warsaw, Poland.

Tom’s Hardware

What the heck is going on with bitcoin?

The cryptocurrency’s value has doubled this year and shows no signs of an early demise.

Crikey

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Reason

Full Extent of COVID Fraud Will 'Never Be Known With Certainty'

A new GAO report details federal prosecutors' attempts to put the horse back in the barn.

Zenger

EXCLUSIVE: How Google Is Tapping Into Its Own DNA To Help Fuel The Growth Of Web3

Alphabet Inc is using its deep-rooted technology experience to help Web3 companies pull the right levers in the crypto world

Kiplinger

Scams: Senior Investors Targeted As Crypto Payment Use Grows

Crypto investment scams are climbing, costing senior victims about $35,000 each last year, the FBI reports.

The Guardian - UK

How did Sam Bankman-Fried attract investors? Well, Fomo probably helped

The cryptocurrency fraudster talked a lot of venture capitalists into pouring millions of dollars into his business. Maybe they should be more careful next time

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WEKU

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

The Guardian - UK

Digested week: Ivanka Trump provides the calm after the storm

Donald Trump’s daughter fulfils her filial role. Plus, De Niro in the dock and Fiona on the farm

Investors Business Daily

The 'Mother Of ETFs' Is Bullish On Bond ETFs

When you hear about investing in ETFs, you probably think mainly of stocks. But ETFs are increasingly used to add bonds.

Investors Business Daily

Stock Market Rally Pauses As Yields Rebound; Datadog, Affirm Among Earnings Winners: Weekly Review

The stock market rally erased weekly gains as the major indexes ended long win streaks amid rebounding yields. Datadog led earnings winners.

Crikey

Sam Bankman-Fried, a puffed-up messiah who took the gullible down with him

The king of crypto could have given lessons to Charles Ponzi himself, lessons in how to rip off the ripe-for-the-picking punters.

The Guardian - UK

Ex-minister Gavin Williamson warned as he takes job at payment card provider

Advisory committee on business appointments tells MP he must not utilise contacts in government in Lanistar role

Investors Business Daily

Bitcoin Price Bolts To $37,000 On ETF News; Ethereum Rallies On BlackRock Filing; Crypto Stocks Jump

Bitcoin price spikes back to May 2022 levels as a window for the SEC to approve bitcoin ETF applications opened. Ethereum rallies on BlackRock ETF filing.

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