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The Latest Breaking News from Cryptocurrency

Cryptocurrency firm FTX’s fall pains industry, but Texas stays optimistic

FTX’s bankruptcy has been a painful setback for the industry. But many legislators, investors and enthusiasts remain believers in making Texas crypto’s top destination.

The Texas Tribune

Crypto exchange FTX owes nearly $3.1bn to 50 biggest creditors

Company says cryptocurrency allegedly stolen in collapse being transferred to other exchanges

The Guardian - UK

Cryptos sag as funds drained from FTX switch out of ether

SINGAPORE: Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire

Bangkok Post

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Why FTX Is Lehman Brothers of Crypto

The cryptocurrency exchange imploded within a few days, causing a financial earthquake whose consequences have yet to be determined.

The Street

Timeline of Cryptocurrency Exchange FTX's Epic Collapse

The FTX cryptocurrency exchange was valued at $32 billion in February. It imploded within days, causing one of the biggest financial fiascos of the decade.

The Street

FTX Collapse: Elon Musk Takes on a Silicon Valley Powerhouse

Tesla CEO believes big investors have some responsibility for the FTX debacle.

The Street

Bankrupt FTX Considers Selling Its Assets

Liquidator of bankrupt cryptocurrency exchange hires outside counsel to review firm's assets.

The Street

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Roubini Blasts Pretty Much Everything Cryptocurrency

The digital currency market has faltered amid the meltdown of the FTX exchange with other companies suffering too.

The Street

Cryptocurrency News And Price Weekly Wrap-Up For Nov. 18, 2022

Crypto News Weekly Wrap-Up: Bitcoin, Ethereum trade sideways after crashing from FTX bankruptcy; How to generate income on Bitcoin; and more.

Investors Business Daily

FTX Collapse Hits Justin Bieber and Coachella

Bieber invested in non-fungible tokens (NFTs), whose fall in value was accelerated by the bankruptcy of FTX.

The Street

FTX Collapse Hits Justin Bieber, Michael Jordan and Coachella

Bieber and Jordan invested in non-fungible tokens (NFTs), whose fall in value was accelerated by the bankruptcy of FTX.

The Street

New FTX CEO Describes 'Complete Failure of Corporate Controls' in Scathing Court Filings

Plus: Twitter is alive and well, the U.K. considers unprecedented tax hikes, and more...

Reason

Editorial: Cryptocurrency stars can flame out. But they can’t take their customers with them

Out of nowhere, 30-year-old Sam Bankman-Fried became a billionaire mover and shaker in the world of cryptocurrency. Careful to make friends of powerful Democrats and media columnists alike, he threw money around the halls of Congress — and everywhere else he went — while threatening to disrupt Chicago’s financial futures…

Chicago Tribune

FTX collapse a warning to crypto bros

Crypto exchange FTX was valued at more than $30 billion just weeks ago. Now it's in bankruptcy proceedings

Salon

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Birmingham Post

AutoCoinCars makes its first bitcoin motorbike sale

The online marketplace has more than 850 dealerships on it selling cars for cryptocurrency

Daily Mirror

Miami Heat's arena could be sponsored by strip club after crypto company collapses

Miami Heat are looking for a new naming partner for their stadium following the collapse of FTX, the third-largest cryptocurrency exchange in the world - and a strip club has joined the race

Los Angeles Times

Bill Shaikin: Shohei Ohtani and Major League Baseball take a hit over FTX ties

LOS ANGELES — This should be a banner week for Shohei Ohtani, baseball's truly global superstar.

The Street

Billionaire Jack Dorsey to Investors: Trust No One in Crypto

The overnight implosion of cryptocurrency exchange FTX caused an earthquake that cast suspicion on the entire industry.

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Daily Mirror

Tom Brady sued over crypto currency collapse which could cost NFL legend millions

Seven-time Super Bowl champion Tom Brady is being sued for his role in promoting cryptocurrency exchange FTX, which had to seek bankruptcy protection last Friday

The Street

Cathie Wood Watch: Ark CEO's Crypto Romance Continues

She remains a major cryptocurrency backer, despite bitcoin's 65% plunge this year. It recently traded at $16,624.

The Street

Bankman-Fried Received $1Bn in Personal Loan from His Company

The founder of the FTX cryptocurrency exchange borrowed money from one of his bankrupt companies.

The Independent UK

Matt Hancock paid £10,000 to give cryptocurrency speech

Former minister picks up hefty fee just as sector faces huge losses

The Street

Crypto Price Check: Picking Up the Pieces After FTX Collapse

Treasury Secretary Janet Yellen calls for more effective oversight of cryptocurrencies following the FTX collapse and analysts say a regulatory crackdown is 'seemingly inevitable.'

Newsroom.co.nz

How a huge cryptocurrency exchange failed

The convoluted story of two intertwined companies which brought the value of cryptocurrencies to their knees.

AFP

FTX had 'complete failure' of controls, new CEO says

New York (AFP) - Collapsed cryptocurrency exchange FTX suffered a "complete failure of corporate controls" under founder Sam Bankman-Fried, the company's new chief executive said Thursday, calling the situation "unprecedented."

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