A crypto scam network stole as much as $500 million through impersonating mainstream banks and crypto companies in order to convince their victims to purchase fake stocks, NFTs and crypto.

The scam ring, named CryptoLabs, has been targeting French speakers through a network of over 300 fake domains, ranging from crypto and fintech organisations to banking and asset management industries. One victim alone lost over $1.6 million to the scam.

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Two weeks ago the infamous “Volcano Bitcoin Bond” finally made its way to the El Salvador legislature for final approval — a legislature completely controlled by Nayib Bukele’s New Ideas Party.

While final rubber-stamping occurs through an economic commission, also made up almost exclusively of New Ideas party members, it’s worth talking about more than just why the Volcano Bitcoin Bond has been widely mocked by financial experts. Specifically, why two companies deeply intertwined in the crypto industry — Bitfinex and Blockstream — are supporting a fascist.

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As of last year, when bitcoin -- and crypto in general -- were riding the wave of exorbitantly high prices, the dominance enjoyed by the world's leading crypto took a dip as money flowed into altcoins and other crypto tokens.

Indeed, bitcoin's dominance dropped significantly from 63% in January 2021 to just 42% by May. It then slipped even further to a bottom of 40% during December.

The altcoin bull run that followed bitcoin's price hike last year was a much-expected and predictable reaction to the currency's surging value. What wasn't expected: for bitcoin’s dominance to remain low in a bear market. B

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Fir Tree, the hedge fund that previously announced it was shorting tether, has now filed a lawsuit against the Grayscale Bitcoin Trust (GBTC) alleging misconduct and seeking records to help determine that.

Fir Tree alleges that Grayscale has breached the trust agreement by not allowing shareholders to review relevant documents.

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Outgoing Republican congressman Madison Cawthorn has been fined $15,000 by the House Ethics Committee for pumping the short-lived Let’s Go Brandon coin and, in the process, breaking conflict of interest rules.

Let’s Go Brandon (LGB) was a meme-inspired crypto associated with an offensive anti-Joe Biden chant and was dubbed “America’s Free Speech Coin.” It was also briefly approved as a Nascar sponsor in December 2021 but the sport's governing body blocked the deal, claiming that it had been given the go-ahead by an employee without the authorization to do so.

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Three Arrows Capital (3AC) co-founders Su Zhu and Kyle Davies will be required to hand over “any recorded information” relating to the bankrupt crypto hedge fund after a federal judge greenlit subpoenas to be dished out to the firm’s former leadership.

The subpoenas will demand that Zhu and Davies give up anything from company documents and papers to financial records and account details. 

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Caroline Ellison was the sole chief exec of Alameda Research at the time of its demise. Her company used money from customers of its sister company FTX without their consent and in direct violation of FTX’s own terms of service.

Like SBF, Ellison previously worked at quantitative trading firm Jane Street Capital. Ellison then moved to Alameda Research in March 2018, where she shared CEO duties with Sam Trabucco. When Trabucco resigned in August this year -- just three months before bankruptcy -- she became CEO.

Here's an insight into her life at FTX.

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