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The Latest Breaking News from Crypto

What is the $1 billion lawsuit facing Cristiano Ronaldo?

Football star being sued for Binance endorsement

Evening Standard

Tiger Global markdowns include massive cuts to Bored Ape Yacht Club and OpenSea

The noted VC firm slashed its valuations of the crypto stalwarts even as the sector is seeing something of a resurgence.

Fortune

FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

The Conversation

From analysis to the latest developments in health,
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Ex-Inmate Says SBF Was On Suicide Watch In Jail, Didn't Eat And Shower For Days

In an interview with a crypto blogger, mob enforcer-turned-informant Gene Borrello talked about Bankman-Fried and his condition inside the Brooklyn Metropolitan Detention Center as he awaits his sentencing next year.

International Business Times

Bitcoin Soars To $38,000 Amid Spot ETF Approval Anticipation And MicroStrategy's BTC Accumulation

The price rally of Bitcoin, which started in October, also fueled speculations that it would touch $40,000 or higher by the end of 2023.

International Business Times

Cristiano Ronaldo faces $1bn lawsuit for promoting NFTs

Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting the beleaguered cryptocurrency exchange Binance

The Independent UK

Pro-crypto Majority Whip Tom Emmer denounces CBDCs as a ‘surveillance tool’ and calls for stablecoin oversight

Speaking about Tether, Emmer said, “We need to have this stuff here.”

Fortune

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Galaxy Digital CEO Mike Novogratz says Bitcoin will rebound to its all-time high by next year in wake of ETF approvals

Novogratz said the approval of a spot Bitcoin ETF could drive billions to the crypto space.

Fortune

Cristiano Ronaldo faces $1B class-action lawsuit for promoting for Binance NFTs

Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance

The Independent UK

Abu Dhabi and Asia show crypto is charging ahead—with or without the U.S.

The U.S. has good reasons to stifle crypto—but what's happening elsewhere shows the genie is out of the bottle.

Fortune

Sinbad crypto mixer used by North Korean Lazarus Group seized by US government

The Sinbad cryptomixer has been taken offline, but will this stop Lazarus from laundering its funds?

TechRadar

FTX Wins Court Approval To Sell Nearly $900M Worth Of Grayscale, Bitwise Trust Assets

FTX's stakes in these trusts would be sold in a manner that increases their value and does not impact the broader digital investment market, the court filing read.

International Business Times

Mark Cuban Expresses Interest In Transformative Crypto Real Estate Project

Billionaire investor explores blockchain-based smart contracts and NFTs for urban development.

Zenger

Treasury’s Wally Adeyemo wants to crack down on illicit finance enabled by crypto: ‘A clear and present danger for national security’

The Treasury deputy secretary is laying out a new approach to the digital asset industry.

Fortune

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International Business Times

US Slaps Sanctions On Crypto Mixer Used By N.Koreans For Laundering

The United States on Wednesday slapped sanctions on a crypto mixer that it said was serving as a money laundering tool for hackers affiliated with the North Korean government.

Fortune

Used by North Korea–linked hackers, Sinbad.io becomes 3rd crypto mixer slapped with U.S. sanctions in last 18 months

Sinbad.io is the third crypto mixer to be sanctioned by OFAC since May 2022.

Fortune

SoFi is getting out of crypto. Customers have 3 weeks to move their accounts to Blockchain.com—or possibly face a big tax bill

SoFi first offered crypto trading in 2019, but it never became a huge part of the fintech firm.

Fortune

Inside Gary Gensler’s efforts to remake the SEC

How a former Goldman Sachs banker became the most divisive SEC chair in decades.

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news in one place.

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Fortune

Wormhole raises $225 million at a $2.5 billion valuation, finalizing split from Jump Crypto amid firm’s recent pullback

Saeed Badreg, CEO of Wormhole Labs, said that raise was in exchange for future Wormhole tokens.

International Business Times

Justin Sun Speaks Up After TRON, TUSD Drop Due To Terror Financing Allegations

The crypto entrepreneur immediately released a statement defending his crypto businesses after the decline the value of TRON dropped and TrueUSD de-pegged.

International Business Times

Coinbase Alerts Customers About CFTC Subpoena Regarding Bybit Transactions

The platform warned customers that it may respond to the regulator's subpoena unless it is reversed by a court by Thursday.

Fortune

Hong Kong crypto regulators under fire again after creators of Hounax exchange allegedly disappear with $19 million

The Hounax rugpull comes right after more than $120 million was stolen from the unlicensed JPEX exchange in September.

PC Gamer

With Sam Bankman-Fried in the slammer, now the fugitive crypto 'Lunatic' behind 2022's $40B crash is being extradited from his Montenegrin getaway

The question is whether he goes to South Korea or the US.

The Guardian - UK

TechScape: Why billions in sanctions can’t bring down Binance

In this week’s newsletter: Changpeng Zhao has pleaded guilty to breaking US anti-money-laundering laws but will the enforcement end there?

Fortune

Gary Gensler has remade the SEC into a crypto nemesis and climate warrior. Now a backlash is brewing

The combative former Goldman Sachs banker faces staff burnout, widening criticism from Congress, and a potential reckoning from hostile federal courts.

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