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Crypto Market Highlights November 7, 2022

Crypto Market Highlights November 7, 2022 2

Crypto Market Highlights News Of The Day

Binance CEO Implicitly Denounces FTX As “Unfair Play” After Dumping 23 Million FTT

Tensions between Binance and FTX suddenly “fired up” when 23 million FTT tokens were liquidated, causing the price to dump sharply. Soon after, the reason was revealed when the Binance CEO shared that he would not support those who campaigned “against other industry players behind their backs.” For more specific information, you can read the article below:

https://news.coincu.com/140170-binance-ceo-denounces-ftx-unfair-play/

Meta Intended To Fire Employees After Failures Of Business Strategy

Meta plans to let off thousands of staff in the second week of November, citing sources familiar with the situation. For more specific information, you can read the article below:

https://news.coincu.com/140185-meta-intended-to-fire-employees/

The Bitcoin Mining Difficulty Has Reached A New High

According to BTC.com statistics, the Bitcoin mining difficulty has now reached a new all-time high of 35.61T, exceeding 13.5% following today’s adjustment. For more specific information, you can read the article below:

https://news.coincu.com/140256-the-bitcoin-mining-difficulty-reached-high/

Huobi Global Claimed That pNetwork’s Action Is Not A “White Hat” Operation

On November 6, 2022, in the most recent statement on the GALA Incident, Huobi Global mentioned that pNetwork’s action was not a “white hat” operation but a malicious hack driven by profit and bad faith. For more specific information, you can read the article below:

https://news.coincu.com/140197-huobi-global-claimed-pnetworks-action/

Argentina’s Former Banker Proposes Digital Peso To Eliminate Tax Evasion

On November 4, former Argentine banker and head of the Productive Inclusion Foundation Carlos Maria De Los Santos revealed a plan known as the “Argentine Digital Peso,” which would digitize all economic activities and do away with the physical representation of the money in Argentina. For more specific information, you can read the article below:

https://news.coincu.com/140265-argentinas-former-banker-digital-peso/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.