The Latest Breaking News from Binance

Swiftly rising interest rates have punctured the cryptocurrency bubble, exposing fragility, bad governance and even fraud in many corners, most notably at the crypto exchange FTX. And FTX's spectacular collapse comes on the heels of other recent failures in the cryptosphere, such as Terra-Luna, Three Arrows Capital or Voyager Digital.…

Nouriel Roubini warned on Saturday, “Crypto is corrupt gambling where the house always & systematically front runs the retail suckers that get rekt.”

Ordinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand, says crypto consultant Carol Alexander

Cryptocurrency exchange’s spectacular collapse spurs government scrutiny and calls for greater regulation.

Starling has described cryptocurrencies as ‘high risk and heavily used for criminal purposes’

Genesis’s comments come days after it halted customer withdrawals due to liquidity difficulties.

Smaller investors tell how they found themselves unable to withdraw money as rumours of the exchange’s troubles spread

Lawyers with specialties in digital assets are giving way to experts in restructuring. “There's going to be a lot of work.”

“In the current crypto atmosphere, investors are right to ask questions of exchanges that have tokens, because they don't know what the exchange is doing behind the scenes,” Bitwise CIO Matt Hougan told Fortune.