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The Latest Breaking News from Cryptocurrency

Cryptocurrency News And Price Weekly Wrap-Up For Nov. 25

Crypto News Weekly Wrap-Up: Catch up on the top headlines from the past week

Investors Business Daily

Who is Michelle Mone? Ex Tory peer hits out at Rishi Sunak after interview admission

Baroness Michelle Mone has attacked the prime minister in tweet

Evening Standard

‘I am not a rich person’: 30,000 Australian FTX customers left out of pocket after collapse

Exchange’s local administrators flooded with emails from investors, with claims of up to $1m to date

The Guardian - AU

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Commentary: The practice of proclaiming virtue while amassing wealth and power is not new

What do Elizabeth Holmes, Sam Bankman-Fried and Al Capone have in common? No, they are not all convicted felons. Capone did serve time for tax evasion, and Holmes was recently sentenced to 11 years in prison for defrauding the public through her blood-testing company Theranos. But Bankman-Fried, founder of the…

Chicago Tribune

Black Friday 2022: Signs to watch out for on websites to avoid being scammed out of your money

Irish shoppers are being warned to be cautious and make sure that websites are secure, avoid using cryptocurrency, and to know their refund rights

Dublin Live

Senator raises concerns over lack of checks for crypto businesses seeking financial services licences

Andrew Bragg says businesses promote themselves as regulated – despite there being no regulation of cryptocurrency in Australia

The Guardian - AU

Chinese suspect in crypto fraud arrested

Police have arrested a seventh member of a gang that allegedly duped people into investing in a fraudulent cryptocurrency scheme.

Bangkok Post

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$740M in crypto assets recovered in FTX bankruptcy so far

The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers

The Independent UK

Crypto Faces More Bad News, Government Crackdown

A cryptocurrency analyst says watch out for a domino effect as New York's governor signs a crypto-mining-moratorium bill into law.

The Street

Michael Hiltzik: Thinking of putting crypto in your 401(k)? Think twice

The federal government has some advice for workers contemplating adding bitcoin or another cryptocurrency to their retirement holdings: Don't.

Los Angeles Times

East Lothian woman scammed out of thousands of pounds by cruel cryptocurrency scammer

Police Scotland have now launched a probe into the shocking series of events that took place several times between September and November 2022.

Edinburgh Live

Crypto customers looking to write-off FTX investments for taxes will need to wait

FTX customers may be facing huge losses, but most are in a holding pattern until bankruptcy proceedings bring some clarity and order to how the failed cryptocurrency exchange's assets will be handled.

Fortune

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

WEKU

FTX Collapse: Bankman-Fried Regrets Filing For Bankruptcy

The cryptocurrency exchange founder says his empire could have survived.

The Street

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Al Jazeera

‘Betrayed’: FTX meltdown signals end to crypto’s ‘Wild West’ days

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

The Street

FTX Assets Were Stolen or Are Missing

A first court hearing on the bankruptcy of the cryptocurrency exchange FTX was held on Nov. 22.

The Independent UK

FTX lawyer: 'Substantial amount' of assets has been stolen

The lawyers for FTX disclosed Tuesday that a “substantial amount" of assets has been stolen from the accounts of the collapsed cryptocurrency exchange, diminishing the odds that its millions of investors will get their money back

ABC News

Satyajit Das believes crypto boom and bust is just part of 'every bubble being pricked' in wider market sell-off

One of the few financiers who sounded a warning bell before the global financial crisis believes today's cryptocurrency "meltdown" was predictable, and that "nobody is taking much notice" of a broader financial market problem.

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The Street

FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation

The bankruptcy of the FTX cryptocurrency exchange is pushing regulators to increase their scrutiny of the crypto space.

The Guardian - US

FTX was run as ‘personal fiefdom’ of Sam Bankman-Fried, court hears

Hearing in Delaware bankruptcy court is the first since the cryptocurrency exchange declared bankruptcy earlier this month

Los Angeles Times

Michael Hiltzik: How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world

The most uplifting aspect of the Sam Bankman-Fried story was always that he guided his way to a putative cryptocurrency fortune of more than $16 billion by following a philosophy of charitable giving known as "effective altruism."

The Guardian - AU

FTX bypassed regular process for obtaining Australian financial services licence

Crypto exchange took over a company that already held a licence and the regulator did not assess its fitness

The Street

FTX Had $1.24 Billion on Hand When It Filed for Bankruptcy

Creditors and customers of the FTX cryptocurrency exchange might have a small reason to hope to recover some of their money.

The Street

FTX Collapse: Tom Brady and Steph Curry's Problems Get Worse

The two sports stars were ambassadors and investors for the bankrupt cryptocurrency exchange.

The Street

Stolen FTX Funds Are Moving Into Bitcoin

The crypto industry remains shaken by the unexpected and brutal downfall of the FTX cryptocurrency exchange.

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