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The Latest Breaking News from CoinDesk

Allow Me, A Bimbo Who Can’t Count, To Explain How A Crypto Dweeb Lost $24 Billion In Days

Because tea from the crypto world isn't just for nerds.

Pedestrian.tv

Huge sums missing from collapsed crypto exchange

The collapsed crypto exchange FTX said on Saturday that it was moving funds into offline storage following a series of “unauthorised transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform.

Bangkok Post

How Binance played a key role as FTX collapse unfolded

Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival

The Guardian - UK

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Cryptocurrencies: why Binance's failed FTX rescue deal could mean 'crypto winter' is coming

Life in the cryptocurrency industry is rarely quiet for long, and after a tumultuous summer, it seems the market is now entering a “crypto winter”. Over the past week, the founders of two of the largest cryptocurrency exchanges – Binance and FTX – have had a public Twitter spat that…

The Conversation

Robinhood, MicroStrategy And Other Big Losers From Wednesday

U.S. stocks closed lower on Wednesday, with the Dow Jones dipping more than 600 points. Here is the list of some big stocks recording losses in the previous session.

Benzinga

Michael Hiltzik: A cryptocurrency billionaire implodes, showing that the whole field is built on quicksand

For a while there, Sam Bankman-Fried looked like the real thing.

Los Angeles Times

After Binance balks, what's next for SBF and FTX?

The news comes a day after Binance said it signed a letter of intent to buy its rival.

Fortune

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FTX Crisis: Tron Offers Relief, Bankman-Fried Apologizes, Provides FTX Update

Tron is offering relief for distressed crypto exchange FTX as CEO Sam Bankman-Fried apologized for the liquidity crisis, potential bankruptcy

Investors Business Daily

Chinese crypto billionaire poised to acquire distressed rival says it’s not a ‘win’

Binance made a nonbinding offer to buy FTX on Tuesday. The deal was already looking shaky on Wednesday.

Fortune

Binance Passes On FTX Takeover, Bitcoin Rebounds On CPI Data

Binance will not buy FTX's non-U.S. operations as the exchange faces a liquidity crisis. Cryptocurrency prices rebound on Thursday CPI data

Investors Business Daily

Dow Jones Falls As Recession Fears Rise; Elon Musk Lashes Out Over This Recall; Bitcoin Rallies, Coinbase Falls

The Dow Jones fell amid recession fears after the latest Fed meeting. Tesla stock fell and Elon Musk lashed out after a mass recall. Bitcoin rallied.

Investors Business Daily

Can Cryptocurrency Help The Cannabis Industry Navigate Its Banking Problems?

Although medical and recreational marijuana is legal in many states across the country, cannabis remains illegal under federal law and the lack of federal regulation forces the industry to operate outside the traditional financial system.

Benzinga

Crypto CEO steps down after bad Bitcoin bet to... focus on Bitcoin

Michael Saylor's transition within MicroStrategy comes after leaving a $918 million impairment charge in the company's books.

Input

Fidelity CEO Says Bear Market Is The Time To Go 'Extra Hard' Into Crypto

Fidelity Investments CEO and Chairman Abigail Johnson is unfazed by the downturn in the cryptocurrency market, reported CoinDesk on Thursday.

Benzinga

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Benzinga

PayPal Gets A Full Virtual Currency License In Crypto Push

Payments company PayPal Holdings Inc (NASDAQ: PYPL) has converted its conditional virtual currency license into a full-fledged “BitLicense.”

Benzinga

Cryptocurrency Firms Announce Layoffs In Bearish Market: What You Need To Know

Numerous cryptocurrency firms globally are firing significant shares of their workforce in the wake of bearish market sentiment. What Happened: The last week has seen major cryptocurrency exchanges and companies, such as Gemini, 2TM and Bitso, dismiss dozens of employees.

Benzinga

Cawthorn Made Undisclosed Trades In 'Let's Go Brandon' Coin: Report

On-chain analysis shows that Rep. Madison Cawthorn made several undisclosed trades of Ethereum (CRYPTO: ETH) based token Let's Go Brandon (CRYPTO: LGB).

Benzinga

Coinbase's 'Audacious' India Strategy Deemed A Mistake By Crypto Experts

From suggesting a legal move against RBI in a tweet to calling out the government's "

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news in one place.

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Benzinga

Lockheed Martin And Crypto Firm Explore Hosting A Blockchain In Space

Defense contractor Lockheed Martin Corporation (NYSE: LMT) and Filecoin (CRYPTO: FIL) are looking into hosting a blockchain network in outer space.

Benzinga

Copy-Paste Error Sends $36M In Crypto To Wrong Wallet

“We f**ked up big time,” Daniel Hwang, one of the Juno (CRYPTO: JUNO) blockchain validators, told CoinDesk on Friday.

Benzinga

DAO Forfeits Millions Of Dollars Of Tokens, Conflict Ensues

The decentralized autonomous organization (DAO) governing the Juno (CRYPTO: JUNO) ecosystem voted to confiscate millions of dollars worth of JUNO tokens and the investor who saw his money endangered is considering legal action.

Benzinga

Instagram Hack Leads To Millions Of Dollars Worth Of Bored Ape Yacht Club NFTs Stolen

The hack of a major social media platform led to the theft of several NFTs from one of the most well-known non-fungible token collections of all time.

Benzinga

EU To Begin Discussions Around Anti-Money Laundering Laws For Bitcoin, Ethereum, Dogecoin Tomorrow

The European Union’s parliament, commission, and council are all set to begin the talks on the controversial anti-money laundering rules for cryptocurrency transactions on Thursday, according to CoinDesk.

Benzinga

$48M Jack Dorsey Tweet NFT Sees Top Bid Of Just Under $280

Last week, the world’s first-ever tweet NFT was re-listed for sale at $48 million. The auction ended on Wednesday with a top offer of just under $280.

Benzinga

Pudgy Penguins Founders Sell Control: How New Leadership Is Boosting The Floor Price

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