Crypto Paradise? El Salvador Preps New Law To Pave Way for All Crypto

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<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Sam Bankman-Fried And 2 Other FTX CEOs Are Trying To Run To Dubai</h3>
According to many sources, currently, Sam Bankman-Fried (SBF) and two former FTX associates are being held by Bahamian authorities while they are trying to escape to Dubai. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="1NDULWyopq"><a href="https://news.coincu.com/142095-sam-bankman-fried-ftx-ceos-run-to-dubai/">Sam Bankman-Fried And 2 Other FTX CEOs Are Trying To Run To Dubai</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Sam Bankman-Fried And 2 Other FTX CEOs Are Trying To Run To Dubai” — CoinCu News" src="https://news.coincu.com/142095-sam-bankman-fried-ftx-ceos-run-to-dubai/embed/#?secret=xlcoFe66p3#?secret=1NDULWyopq" data-secret="1NDULWyopq" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>FTX Has Nearly $9 Billion To Pay Before Bankruptcy</h3>
FTX had just $900 million in liquid assets vs. $8.9 billion in liabilities on the verge of bankruptcy. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="I0S7uReX9u"><a href="https://news.coincu.com/142114-ftx-has-nearly-9-billion-to-pay/">FTX Has Nearly $9 Billion To Pay Before Bankruptcy</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX Has Nearly $9 Billion To Pay Before Bankruptcy” — CoinCu News" src="https://news.coincu.com/142114-ftx-has-nearly-9-billion-to-pay/embed/#?secret=eoBWZOdpuz#?secret=I0S7uReX9u" data-secret="I0S7uReX9u" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Shiba Inu Twitter Account Hints At Upcoming Major Announcement</h3>
Twitter account Shiba Inu is teasing the SHIB army, promising a “big announcement” coming soon. Here’s what the community thinks about it. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="Kqutv17ge9"><a href="https://news.coincu.com/142166-shiba-inu-twitter-upcoming-announcement/">Shiba Inu Twitter Account Hints At Upcoming Major Announcement</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Shiba Inu Twitter Account Hints At Upcoming Major Announcement” — CoinCu News" src="https://news.coincu.com/142166-shiba-inu-twitter-upcoming-announcement/embed/#?secret=2osIJa7LIR#?secret=Kqutv17ge9" data-secret="Kqutv17ge9" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Gate.io And Crypto.com Raise Doubts In The Crypto Community</h3>
Investigators discovered that 320,000 Ether was sent to Gate.io on October 21, 2022, just two days after Crypto.com made the details of its cold storage information available. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="tfZcuB2qO6"><a href="https://news.coincu.com/142210-gateio-and-crypto-com-raise-doubts/">Gate.io And Crypto.com Raise Doubts In The Crypto Community</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Gate.io And Crypto.com Raise Doubts In The Crypto Community” — CoinCu News" src="https://news.coincu.com/142210-gateio-and-crypto-com-raise-doubts/embed/#?secret=yDD6aK4BoA#?secret=tfZcuB2qO6" data-secret="tfZcuB2qO6" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Crypto Exchange BitCoke Suspends Withdrawals</h3>
Crypto exchange BitCoke announced in its official Telegram group that it had suspended withdrawals from 5 am UTC on November 13 because the person in charge of finance was under investigation and could not provide the private key authorization. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="mUAKQN1NaB"><a href="https://news.coincu.com/142207-bitcoke-suspends-withdrawals/">Crypto Exchange BitCoke Suspends Withdrawals</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Crypto Exchange BitCoke Suspends Withdrawals” — CoinCu News" src="https://news.coincu.com/142207-bitcoke-suspends-withdrawals/embed/#?secret=QDZ0OfVZBN#?secret=mUAKQN1NaB" data-secret="mUAKQN1NaB" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
CoinCu News

Crypto Market Highlights November 13, 2022

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<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1130.png"><img decoding="async" width="1024" height="576" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674033553950.png" alt="Crypto Market Highlights November 14, 2022" class="wp-image-142511" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1130.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1130-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1130-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1130-750x422.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 14, 2022 1"></a></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Binance Embraces New Travel Trends With Cryptocurrency</h3>
Following FTX’s multibillion-dollar collapse, Congressman Brad Sherman, a Democrat from California, demands further regulation of the cryptocurrency industry. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="c1F6GTEDIZ"><a href="https://news.coincu.com/142352-brad-sherman-calls-crypto-legislation/">Congressman Brad Sherman Calls for Strong Crypto Legislation After FTX Case</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Congressman Brad Sherman Calls for Strong Crypto Legislation After FTX Case” — CoinCu News" src="https://news.coincu.com/142352-brad-sherman-calls-crypto-legislation/embed/#?secret=QGyJIE0PiG#?secret=c1F6GTEDIZ" data-secret="c1F6GTEDIZ" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Binance Creates Industry Recovery Fund To Help Potential Projects During Liquidity Crisis</h3>
Binance CEO Changpeng Zhao tweeted that to alleviate the negative impact of FTX, Binance is establishing an industry recovery fund to help good projects that are struggling with liquidity. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="MDcyDgwLLk"><a href="https://news.coincu.com/142443-binance-creates-industry-recovery-fund/">Binance Creates Industry Recovery Fund To Help Potential Projects During Liquidity Crisis</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Binance Creates Industry Recovery Fund To Help Potential Projects During Liquidity Crisis” — CoinCu News" src="https://news.coincu.com/142443-binance-creates-industry-recovery-fund/embed/#?secret=VQoeeLS9Bo#?secret=MDcyDgwLLk" data-secret="MDcyDgwLLk" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Tron USDD To Warned As Unsafe, TRX Falling</h3>
USDD, Tron’s stablecoin, has now lost its peg in 6 days, raising concerns about its liquidity. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="VhclvE9ibS"><a href="https://news.coincu.com/142406-tron-usdd-to-warned-as-unsafe-trx-falling/">Tron USDD To Warned As Unsafe, TRX Falling</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Tron USDD To Warned As Unsafe, TRX Falling” — CoinCu News" src="https://news.coincu.com/142406-tron-usdd-to-warned-as-unsafe-trx-falling/embed/#?secret=5WR8oU3OwP#?secret=VhclvE9ibS" data-secret="VhclvE9ibS" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX</h3>
Huobi was once again exposed after it was reported that the exchange still had $18.1 million in crypto that could not be recovered from FTX. For more specific information, you can read the article below:

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<blockquote class="wp-embedded-content" data-secret="0PGzi9Azle"><a href="https://news.coincu.com/142467-huobi-has-18-1-million-on-ftx/">Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Huobi Has $18.1 Million In Crypto Could Not Be Withdrawn On FTX” — CoinCu News" src="https://news.coincu.com/142467-huobi-has-18-1-million-on-ftx/embed/#?secret=xjW8SbsdXt#?secret=0PGzi9Azle" data-secret="0PGzi9Azle" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Vitalik Buterin Donates Another 20 Million DOGE To Dogecoin Foundation</h3>
Ethereum founder Vitalik Buterin continues to support Dogecoin (DOGE) by donating to the project development organization. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="jrzX7povmw"><a href="https://news.coincu.com/142471-vitalik-buterin-donates-20-million-doge/">Vitalik Buterin Donates Another 20 Million DOGE To Dogecoin Foundation</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Vitalik Buterin Donates Another 20 Million DOGE To Dogecoin Foundation” — CoinCu News" src="https://news.coincu.com/142471-vitalik-buterin-donates-20-million-doge/embed/#?secret=h4CGXDomif#?secret=jrzX7povmw" data-secret="jrzX7povmw" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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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

Crypto Market Highlights November 14, 2022

<h5>The crypto sector has laid off 4,695 employees so far this year, and layoffs in the industry could continue to surge after the market saw the <a href="https://news.coincu.com/142632-sbf-failures-caused-expansion-too-fast/" target="_blank" data-type="URL" data-id="https://news.coincu.com/142632-sbf-failures-caused-expansion-too-fast/" rel="noreferrer noopener">crash of FTX</a>. Currently 25% to 40% of crypto hedge funds have direct exposure to FTX or FTT.</h5>
A recently shared report by crypto data aggregator CoinGecko <a href="https://www.coingecko.com/research/publications/tech-layoffs-by-sectors" target="_blank" rel="noreferrer noopener">shows</a> that as of November 13, the crypto sector has laid off 4,695 employees through 2022, accounting for 4% of all layoffs by tech startups.
<figure class="wp-block-image aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1174.png"><img decoding="async" width="800" height="801" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1174.png" alt="layoff
" class="wp-image-142712" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1174.png 800w, https://news.coincu.com/wp-content/uploads/2022/11/image-1174-300x300.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1174-150x150.png 150w, https://news.coincu.com/wp-content/uploads/2022/11/image-1174-768x769.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1174-120x120.png 120w, https://news.coincu.com/wp-content/uploads/2022/11/image-1174-75x75.png 75w, https://news.coincu.com/wp-content/uploads/2022/11/image-1174-350x350.png 350w, https://news.coincu.com/wp-content/uploads/2022/11/image-1174-750x751.png 750w" sizes="(max-width: 800px) 100vw, 800px" title="FTX Collapse Will Push Crypto Firms To Lay Off Employees In the Next Time 1"></a><figcaption class="wp-element-caption"> </figcaption></figure>
The report’s authors warned that crypto layoffs could increase in the coming months as the “full impact” of FTX’s sudden collapse takes effect.
Recent layoffs in the industry include payments giant Stripe, which is laying off 14% of its workforce (about 1,000 people), 22% at blockchain developer Flow Dapper Lab, and 10% at Digital Currency Group (DCG), the parent company of Grayscale and Genesis.
All layoffs went into effect in early November. Galaxy Digital also plans to cut 20% of its workforce on November 1, Coinbase laid off 60 more people on November 10,…
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<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1172.png"><img decoding="async" loading="lazy" width="620" height="349" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1172.png" alt="FTX" class="wp-image-142710" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1172.png 620w, https://news.coincu.com/wp-content/uploads/2022/11/image-1172-300x169.png 300w" sizes="(max-width: 620px) 100vw, 620px" title="FTX Collapse Will Push Crypto Firms To Lay Off Employees In the Next Time 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
It can be said that this cryptocurrency crash has a more terrible impact than Terra-LUNA’s shocking crypto crash in May. FTX is the 2nd largest cryptocurrency exchange with a huge market share in investment funds. It has been reported that 25% to 40% of crypto hedge funds have direct exposure to FTX or FTT.
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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Foxy
CoinCu&nbsp;News

FTX Collapse Will Push Crypto Firms To Lay Off Employees In the Next Time

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<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1199.png"><img decoding="async" width="1000" height="600" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674033726822.png" alt="Crypto Market Highlights November 15, 2022" class="wp-image-142786" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1199.png 1000w, https://news.coincu.com/wp-content/uploads/2022/11/image-1199-300x180.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1199-768x461.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1199-750x450.png 750w" sizes="(max-width: 1000px) 100vw, 1000px" title="Crypto Market Highlights November 15, 2022 1"></a></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Skyrex Has Successfully Eliminated The Threat Of Attack</h3>
On Twitter, Skyrex admitted there was an attack, the intruder sent a trading order to an account with the AXS pair. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="JYFlIjyILh"><a href="https://news.coincu.com/142654-skyrex-has-sliminated-threat-of-attack/">Skyrex Has Successfully Sliminated The Threat Of Attack</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Skyrex Has Successfully Sliminated The Threat Of Attack” — CoinCu News" src="https://news.coincu.com/142654-skyrex-has-sliminated-threat-of-attack/embed/#?secret=PVLchLPyvy#?secret=JYFlIjyILh" data-secret="JYFlIjyILh" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>FTX Hacker Despite Losing Many Tokens But Still Holding $339M In Digital Assets</h3>
A mysterious FTX hacker extracted around $400 million in digital assets from a crypto exchange last week despite losing a large number of tokens when moving assets across different chains to avoid arrested but still currently holds $339 million in digital assets. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="b4ZQAAEwDP"><a href="https://news.coincu.com/142642-ftx-hacker-holding-339m-in-digital-assets/">FTX Hacker Despite Losing Many Tokens But Still Holding $339M In Digital Assets</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX Hacker Despite Losing Many Tokens But Still Holding $339M In Digital Assets” — CoinCu News" src="https://news.coincu.com/142642-ftx-hacker-holding-339m-in-digital-assets/embed/#?secret=XaDBe8M6C4#?secret=b4ZQAAEwDP" data-secret="b4ZQAAEwDP" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>FTX Continues Sending Assets To FTX Attacker’s Address</h3>
The security firm said many of the official FTX addresses are still having a transactional relationship with the FTX attacker’s address. Currently, the FTX drainer address holds approximately $62 million worth of assets. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="7dadAtmAfw"><a href="https://news.coincu.com/142679-ftx-sending-assets-ftx-attackers-address/">FTX Continues Sending Assets To FTX Attacker’s Address</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX Continues Sending Assets To FTX Attacker’s Address” — CoinCu News" src="https://news.coincu.com/142679-ftx-sending-assets-ftx-attackers-address/embed/#?secret=cAjctaKC8q#?secret=7dadAtmAfw" data-secret="7dadAtmAfw" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Nike Launches Its Own Web3 Platform</h3>
By promoting virtual shoes and other things on its own platform, Nike is advancing its Web3 strategy. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="qr7StDdrt2"><a href="https://news.coincu.com/142667-nike-launches-its-own-web3-platform/">Nike Launches Its Own Web3 Platform</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Nike Launches Its Own Web3 Platform” — CoinCu News" src="https://news.coincu.com/142667-nike-launches-its-own-web3-platform/embed/#?secret=IEH6qSZ9q9#?secret=qr7StDdrt2" data-secret="qr7StDdrt2" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Alameda Research Detected Insider Trading With FTX</h3>
Alameda Research accumulated self-interest tokens before they were listed on the FTX exchange, according to a leak from Argus. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="KVEUxOiJUP"><a href="https://news.coincu.com/142675-alameda-research-insider-trading-with-ftx/">Alameda Research Detected Insider Trading With FTX</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Alameda Research Detected Insider Trading With FTX” — CoinCu News" src="https://news.coincu.com/142675-alameda-research-insider-trading-with-ftx/embed/#?secret=mwaWvzr3mA#?secret=KVEUxOiJUP" data-secret="KVEUxOiJUP" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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

Crypto Market Highlights November 15, 2022

<h5>A document filed by Coinbase with the US SEC shows that Coinbase CEO Brian Armstrong sold more than 30,000 A Coinbase shares for $1.6 million on November 11.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" width="1024" height="684" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674033636989.png" alt="Brian Armstrong" class="wp-image-142956" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1223-1024x684.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1223-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1223-768x513.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1223-750x501.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1223-1140x761.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1223.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="CEO Brian Armstrong Sells $1.6 Million Worth Of Coinbase Shares 1"><figcaption class="wp-element-caption"> </figcaption></figure></div>
U.S. Securities and Exchange Commission (SEC) filings reveal that <a href="https://news.coincu.com/140695-coinbase-responds-to-czs-request/" target="_blank" data-type="URL" data-id="https://news.coincu.com/140695-coinbase-responds-to-czs-request/" rel="noreferrer noopener">Coinbase</a> CEO Armstrong sold approximately 30,000 Coinbase Class A shares for $1.6 million on November 11. Because of this, the CEO converted his Class B shares to Class A and he will do the same in the coming months, the report claims.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm passionate about accelerating science and tech to help solve some of the biggest challenges in the world. To further this, I'm planning to sell about 2% of my Coinbase holdings over the next year to fund scientific research and companies like <a href="https://twitter.com/newlimit?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@newlimit</a> + <a href="https://twitter.com/ResearchHub?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@researchhub</a>— Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1581099147855155200?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 15, 2022</a></blockquote>
</div></figure>
As was updated in a previous Coincu News article, on October 15,<a href="https://news.coincu.com/133939-coinbase-ceo-sell-2-of-his-share-next-year/" target="_blank" rel="noreferrer noopener"> Armstrong confirmed that he plans to sell his 2% stake in Coinbase</a> and that he will do the same for his initial investment in more technology projects.
When Coinbase went public, at the time, Coinbase stock (COIN) was trading at $340 but currently the trading value is currently hovering around $55.5, which is a lot of money. similar to the fallout faced by other traditional stocks.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1225.png"><img decoding="async" loading="lazy" width="1024" height="576" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674033638332.png" alt="Brian Armstrong" class="wp-image-142958" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1225-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1225-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1225-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1225-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1225.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px" title="CEO Brian Armstrong Sells $1.6 Million Worth Of Coinbase Shares 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Brian Armstrong’s decision to sell his shares coincided with the time that crypto exchange FTX filed for Chapter 11 bankruptcy.
On November 8, Coinbase also confirmed being a victim of the FTX liquidity crisis. The company said it is depositing about $15 million on the FTX exchange and all of them have not been withdrawn yet. They claim to only send money, do not buy FTT, do not work with Alameda and do not lend to FTX.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Coinbase has $15m USD stuck at FTX— Mr. Whale 🐳 whalechart.org (@WhaleChart) <a href="https://twitter.com/WhaleChart/status/1592169907072163846?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 14, 2022</a></blockquote>
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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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Foxy
CoinCu&nbsp;News

CEO Brian Armstrong Sells $1.6 Million Worth Of Coinbase Shares

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1264.png"><img decoding="async" width="1024" height="684" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1264.png" alt="Crypto Market Highlights November 16, 2022" class="wp-image-143108" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1264.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1264-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1264-768x513.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1264-750x501.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 16, 2022 1"></a></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>BlockFi Plans To File For Bankruptcy Protection</h3>
BlockFi is reportedly planning to file for bankruptcy due to its significant exposure to FTX and Alameda Research, whose debt collection has been troubled by FTX’s bankruptcy proceedings. The company had previously halted customer withdrawals. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="TVOwm9JkUS"><a href="https://news.coincu.com/142899-blockfi-file-for-bankruptcy-protection/">BlockFi Plans To File For Bankruptcy Protection</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“BlockFi Plans To File For Bankruptcy Protection” — CoinCu News" src="https://news.coincu.com/142899-blockfi-file-for-bankruptcy-protection/embed/#?secret=1uZf0t8j9J#?secret=TVOwm9JkUS" data-secret="TVOwm9JkUS" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Sam Bankman-Fried Still Tries To Raise Fund For FTX</h3>
Former FTX CEO Sam Bankman-Fried spent the past weekend soliciting investment commitments because he believes he can raise enough money to compensate users. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="XoblOIfMlt"><a href="https://news.coincu.com/142916-sam-bankman-fried-tries-to-raise-fund/">Sam Bankman-Fried Still Tries To Raise Fund For FTX</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Sam Bankman-Fried Still Tries To Raise Fund For FTX” — CoinCu News" src="https://news.coincu.com/142916-sam-bankman-fried-tries-to-raise-fund/embed/#?secret=psXpCnxQcm#?secret=XoblOIfMlt" data-secret="XoblOIfMlt" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>CEO Brian Armstrong Sells $1.6 Million Worth Of Coinbase Shares</h3>
A document filed by Coinbase with the US SEC shows that Coinbase CEO Brian Armstrong sold more than 30,000 A Coinbase shares for $1.6 million on November 11. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="YpD1lLjUSA"><a href="https://news.coincu.com/142952-brian-armstrong-sells-1-6m-coinbase-shares/">CEO Brian Armstrong Sells $1.6 Million Worth Of Coinbase Shares</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“CEO Brian Armstrong Sells $1.6 Million Worth Of Coinbase Shares” — CoinCu News" src="https://news.coincu.com/142952-brian-armstrong-sells-1-6m-coinbase-shares/embed/#?secret=89jSjKYqi0#?secret=YpD1lLjUSA" data-secret="YpD1lLjUSA" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Digital Surge Suspended Deposits And Withdrawals Due To The Impact Of FTX</h3>
Digital Surge, appears on the list of crypto exchanges affected by the regulation of&nbsp;FTX Australia. All customer deposits and withdrawals have been suspended until further notice. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="DGjN2O1SSZ"><a href="https://news.coincu.com/142988-digital-surge-suspended-withdrawals/">Digital Surge Suspended Deposits And Withdrawals Due To The Impact Of FTX</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Digital Surge Suspended Deposits And Withdrawals Due To The Impact Of FTX” — CoinCu News" src="https://news.coincu.com/142988-digital-surge-suspended-withdrawals/embed/#?secret=YXNfkljS9w#?secret=DGjN2O1SSZ" data-secret="DGjN2O1SSZ" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>FTX Bankruptcy Caused About 500,000 Victims In Taiwan</h3>
Cryptocurrency platform FTX has declared bankruptcy, which has caused a huge shock in the currency world, an estimated 500,000 people in Taiwan suffered investment losses. The fact that the user’s money is still stuck in the exchange makes the user worried about its decrease in value and does not list asset trading losses. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="32aqVtgjp4"><a href="https://news.coincu.com/143038-ftx-bankruptcy-500000-victims-in-taiwan/">FTX Bankruptcy Caused About 500,000 Victims In Taiwan</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX Bankruptcy Caused About 500,000 Victims In Taiwan” — CoinCu News" src="https://news.coincu.com/143038-ftx-bankruptcy-500000-victims-in-taiwan/embed/#?secret=HlVdYsN5cQ#?secret=32aqVtgjp4" data-secret="32aqVtgjp4" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
CoinCu News

Crypto Market Highlights November 16, 2022

<h5>The California Financial Conduct Authority has decided to suspend the license of crypto lending platform Salt for 30 days in order to investigate the withdrawal of customers and its connection with the collapse of FTX.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1307.png"><img decoding="async" width="1024" height="559" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1307-1024x559.png" alt="Salt" class="wp-image-143332" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1307-1024x559.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1307-300x164.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1307-768x419.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1307-1536x839.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-1307-750x410.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1307-1140x622.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1307.png 1890w" sizes="(max-width: 1024px) 100vw, 1024px" title="Cryptocurrency Lending Platform Salt Suspended License For 30 Days 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
It is on November 17 that the California Department of Financial Innovation and Protection (DFPI) will <a href="https://dfpi.ca.gov/2022/11/16/dfpi-moves-to-suspend-salt-lending-llcs-license/" target="_blank" rel="noreferrer noopener">suspend </a>the license of <a href="https://news.coincu.com/142820-salt-stops-withdrawals-impact-of-the-ftx/" target="_blank" data-type="URL" data-id="https://news.coincu.com/142820-salt-stops-withdrawals-impact-of-the-ftx/" rel="noreferrer noopener">crypto lending platform Salt</a> for 30 days. In the meantime, there will be a departmental investigation into Salt’s recent announcement to restrict the platform’s activities, including suspending customer withdrawals.
As mentioned in an earlier Coincu News article, affected by the FTX crash, crypto lending platform has stopped depositing and withdrawing funds.
The company said in a statement issued by CEO Shawn Owen that “the collapse of FTX has damaged our business,” but did not specify the full range of risks.
After the platform shut down customer deposits and withdrawals ,Bnk To The Future has announced the <a href="https://bnktothefuture.com/blog/bnk-to-the-future-announces-termination-of-loi-with-salt-blockchain-inc/" target="_blank" rel="noreferrer noopener">termination</a> of its plans to acquire crypto lending platform Salt. 
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1308.png"><img decoding="async" loading="lazy" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1308-1024x576.png" alt="Salt" class="wp-image-143333" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1308-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1308-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1308-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1308-1536x864.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-1308-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1308-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1308.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" title="Cryptocurrency Lending Platform Salt Suspended License For 30 Days 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
In addition,Bnk To The Future states that it is not affected by Salt and FTX, has no direct or indirect connection to Salt or FTX, and all client funds are completely segregated and uninvested.
BnkToTheFuture agreed in September to acquire the crypto lending company for an undisclosed amount to allow users to borrow their crypto holdings, an agreement is subject to the conclusion of the final agreement and the receipt of regulatory approval.
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
Website:&nbsp;<a href="https://coincu.com/" target="_blank" rel="noreferrer noopener">coincu.com</a>
Foxy
CoinCu News

Cryptocurrency Lending Platform Salt Suspended License For 30 Days

<h5>President El Salvado and Justin Sun Decided to buy 1 BTC per day starting tomorrow.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1332.png"><img decoding="async" width="700" height="438" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1332.png" alt="Justin Sun" class="wp-image-143415" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1332.png 700w, https://news.coincu.com/wp-content/uploads/2022/11/image-1332-300x188.png 300w" sizes="(max-width: 700px) 100vw, 700px" title="Justin Sun And The President Of El Salvador Will Buy 1 BTC Every Day 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
While the market was in turmoil due to the crash of FTX and its consequences, President El Salvado shared that he will buy 1 BTC a day starting tomorrow. Immediately TRON CEO Justin Sun also responded to this movement.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We echo <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@nayibbukele</a>’s initiative in buying <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> daily. We will also buy one <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> everyday starting tomorrow! <a href="https://twitter.com/trondaoreserve?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@trondaoreserve</a> <a href="https://twitter.com/trondao?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@trondao</a> <a href="https://t.co/cRqfBIPKGR" target="_blank">https://t.co/cRqfBIPKGR</a>— H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1593123899390431232?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 17, 2022</a></blockquote>
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Analysts are trying to gauge the upcoming movements of digital assets as the market is fraught with volatility, such as the FTX scandal that has shaken the entire crypto industry.
The past few days, the crypto space has been rocked by the collapse of the SBF empire. However, BTC and cryptocurrencies, which have been affected by poor player sentiment, have stabilized around $16,000 so far. The extent of the damage to other companies, funds, and exchanges is not yet known, and will likely be announced in the coming weeks.
This is not the first time, Justin Sun has <a href="https://news.coincu.com/41585-trons-justin-sun-buys-150-bitcoin-dip-on-equal-with-the-president-of-el-salvador/" target="_blank" data-type="URL" data-id="https://news.coincu.com/41585-trons-justin-sun-buys-150-bitcoin-dip-on-equal-with-the-president-of-el-salvador/" rel="noreferrer noopener">responded</a> to the Bitcoin buying movement. Earlier, the founder of crypto platform Tron, said he bought another 150 BTC when the market crashed on December 4 “to match the offer of the CEO of El Salvador” when the previous president the country bought 150 BTC.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">El Salvador just bought the dip! 🇸🇻 150 coins at an average USD price of ~$48,670 🥳<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a>🎄— Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1467000621354135555?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 4, 2021</a></blockquote>
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<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To match the CEO of El Salvador <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@nayibbukele</a> 's offer, I just bought the dip! 100 coins at an average USD price of 47,627.03 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a>— H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1467011917424119809?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 4, 2021</a></blockquote>
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Bitcoin is currently trading at $16,568, down 1,745 in 24 hours. Can the movement of President El Salvado have a positive impact on the market?
<figure class="wp-block-image aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1329.png"><img decoding="async" loading="lazy" width="1024" height="462" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1329-1024x462.png" alt="BTC
" class="wp-image-143403" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1329-1024x462.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1329-300x135.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1329-768x347.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1329-1536x693.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-1329-750x339.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1329-1140x515.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1329.png 1852w" sizes="(max-width: 1024px) 100vw, 1024px" title="Justin Sun And The President Of El Salvador Will Buy 1 BTC Every Day 2"></a><figcaption class="wp-element-caption">24h BTC price chart. Source: Coincu.com</figcaption></figure>
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Foxy
CoinCu News

Justin Sun And The President Of El Salvador Will Buy 1 BTC Every Day

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1365.png"><img decoding="async" width="1024" height="683" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1365.png" alt="Crypto Market Highlights November 17, 2022" class="wp-image-143551" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1365.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1365-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1365-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1365-750x500.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 17, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Cryptocurrency Lending Platform Salt Suspended License For 30 Days</h3>
The California Financial Conduct Authority has decided to suspend the license of the crypto lending platform Salt for 30 days in order to investigate the withdrawal of customers and its connection with the collapse of FTX. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="8L8DwevyRe"><a href="https://news.coincu.com/143329-salt-suspended-license-for-30-days/">Cryptocurrency Lending Platform Salt Suspended License For 30 Days</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Cryptocurrency Lending Platform Salt Suspended License For 30 Days” — CoinCu News" src="https://news.coincu.com/143329-salt-suspended-license-for-30-days/embed/#?secret=oWUTriQoLw#?secret=8L8DwevyRe" data-secret="8L8DwevyRe" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>The Fall Of 3AC Is Related To FTX</h3>
Three Arrows Capital co-founder Kyle Davies in a recent interview with&nbsp;CNBC, admitted that his 3AC had been hunted by FTX, the exchange that used to be under the Sam Bankman-Fried empire. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="jtSY4oPnQ8"><a href="https://news.coincu.com/143266-the-fall-of-3ac-is-related-to-ftx/">The Fall Of 3AC Is Related To FTX, Co-founder Revealed</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“The Fall Of 3AC Is Related To FTX, Co-founder Revealed” — CoinCu News" src="https://news.coincu.com/143266-the-fall-of-3ac-is-related-to-ftx/embed/#?secret=mof2WJGD75#?secret=jtSY4oPnQ8" data-secret="jtSY4oPnQ8" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>MakerDao Reassures Its Customers After Gemini’s Trouble</h3>
After the Gemini Earn service was affected by the news that Genesis Trading was suspending the withdrawal feature, MakerDAO spoke to reassure its users and explained the questions surrounding&nbsp;GUSD. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="2GH3PDH7BI"><a href="https://news.coincu.com/143362-makerdao-reassures-customers/">MakerDao Reassures Its Customers After Gemini’s Trouble</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“MakerDao Reassures Its Customers After Gemini’s Trouble” — CoinCu News" src="https://news.coincu.com/143362-makerdao-reassures-customers/embed/#?secret=76GGC1R15x#?secret=2GH3PDH7BI" data-secret="2GH3PDH7BI" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>FTT Stopped Trading On All Exchanges In Indonesia</h3>
Indonesia said in a statement that it had asked local cryptocurrency exchanges to stop supporting FTX Exchange Token (FTT) trading after FTX filed for bankruptcy in the United States. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="mUVZ3pVPWw"><a href="https://news.coincu.com/143359-ftt-stopped-trading-in-indonesia/">FTT Stopped Trading On All Exchanges In Indonesia</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTT Stopped Trading On All Exchanges In Indonesia” — CoinCu News" src="https://news.coincu.com/143359-ftt-stopped-trading-in-indonesia/embed/#?secret=NjsARBcCoG#?secret=mUVZ3pVPWw" data-secret="mUVZ3pVPWw" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Tom Brady And Other Celebrities Related To FTX Have Been Sued</h3>
Midfielder Tom Brady, supermodel Gisele Bundchen, actor Larry David and businessman Kevin O’Leary are among the names accused of defrauding investors. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="OLcG6R1SeT"><a href="https://news.coincu.com/143422-tom-brady-related-to-ftx-have-been-sued/">Tom Brady And Other Celebrities Related To FTX Have Been Sued</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Tom Brady And Other Celebrities Related To FTX Have Been Sued” — CoinCu News" src="https://news.coincu.com/143422-tom-brady-related-to-ftx-have-been-sued/embed/#?secret=CjD978WRdn#?secret=OLcG6R1SeT" data-secret="OLcG6R1SeT" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
Website: <a href="https://coincu.com/" target="_blank" rel="noreferrer noopener">coincu.com</a>
Harold
CoinCu News

Crypto Market Highlights November 17, 2022

<h5>South Korean crypto exchange GOPAX has suspended the withdrawal of principal and interest payments in the Defi service. The suspension at GOFi was driven by partner Genesis Global Capital.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1437.png"><img decoding="async" width="1024" height="512" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1437-1024x512.png" alt="GOPAX" class="wp-image-143885" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1437-1024x512.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1437-300x150.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1437-768x384.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1437-1536x768.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-1437-360x180.png 360w, https://news.coincu.com/wp-content/uploads/2022/11/image-1437-750x375.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1437-1140x570.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1437.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" title="Korea's GOPAX Backed By Genesis Paused Withdrawal 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
GOPAX confirmed today that the suspension of withdrawals and interest payments at the GOFi crypto savings product is ongoing. The action is the result of partner <a href="https://news.coincu.com/143134-genesis-stops-crypto-lending-ftx-implosion/" target="_blank" data-type="URL" data-id="https://news.coincu.com/143134-genesis-stops-crypto-lending-ftx-implosion/" rel="noreferrer noopener">Genesis Global Capital</a>, which has halted acquisitions and initiated new loans at its lending arm Genesis Global Trading due to the impact of FTX’s liquidity crisis.
Genesis Global Capital&nbsp;<a href="https://twitter.com/GenesisTrading/status/1592867208275046401?s=20&amp;t=w_9UT4P9RZfhqlmHncFh3Q" target="_blank" rel="noreferrer noopener">announced</a>&nbsp;the suspension on Wednesday, citing “abnormal withdrawal requests” following the public collapse of FTX last week. Recent&nbsp;<a href="https://www.wsj.com/livecoverage/stock-market-news-today-11-17-2022/card/crypto-lender-genesis-sought-emergency-loan-of-1-billion-by-monday-573TThK17Ke15FYwJzLR" target="_blank" rel="noreferrer noopener">reports say</a>&nbsp;the global crypto lender is seeking a $1 billion emergency loan by Monday.&nbsp;
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1438.png"><img decoding="async" loading="lazy" width="700" height="415" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1438.png" alt="Genesis" class="wp-image-143886" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1438.png 700w, https://news.coincu.com/wp-content/uploads/2022/11/image-1438-300x178.png 300w" sizes="(max-width: 700px) 100vw, 700px" title="Korea's GOPAX Backed By Genesis Paused Withdrawal 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Before Genesis made the announcement, GOPAX claimed to have asked Genesis to restore all GOPAX user assets. however, it has not yet received payment. As a result, the exchange claims to be in contact with Genesis and its parent firm, Digital Currency Group (DCG).
GOPAX’s second-largest shareholder is Digital Currency Group. Users have been informed that the suspension solely applies to its DeFi service and that user assets put in the trading platform are stored apart from GOFi assets.
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
Website:&nbsp;<a href="https://coincu.com/" target="_blank" rel="noreferrer noopener">coincu.com</a>
Foxy
Coincu&nbsp;News

Korea’s GOPAX Backed By Genesis Paused Withdrawal

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1465.png"><img decoding="async" width="1024" height="650" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674033044569.png" alt="Crypto Market Highlights November 18, 2022" class="wp-image-143968" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1465.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1465-300x190.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1465-768x488.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1465-750x476.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 18, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>FTX Balance Sheet Raises Doubts Against Senate Democrats</h3>
Senate Democrats with significant clout are joining calls for greater transparency regarding the past financials of the defunct crypto exchange FTX, the network of companies connected to it, and its founder Sam Bankman-Fried. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="n50hDRCD6J"><a href="https://news.coincu.com/143754-ftx-balance-sheet-raises-doubts/">FTX Balance Sheet Raises Doubts Against Senate Democrats</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX Balance Sheet Raises Doubts Against Senate Democrats” — CoinCu News" src="https://news.coincu.com/143754-ftx-balance-sheet-raises-doubts/embed/#?secret=aI8C5aIAGr#?secret=n50hDRCD6J" data-secret="n50hDRCD6J" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Users FTX Might Only Get About 1 % Of Their Assets</h3>
The former partner of&nbsp;Spartan Capital&nbsp;predicted there would be another subsequent effect of the FTX collapse, that users of FTX can only get about 1% of their assets in 5-10 years because no one is willing to buy FTX’s assets. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="ApvR226FAb"><a href="https://news.coincu.com/143757-users-ftx-might-get-about-1-of-their-assets/">Users FTX Might Only Get About 1 % Of Their Assets</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Users FTX Might Only Get About 1 % Of Their Assets” — CoinCu News" src="https://news.coincu.com/143757-users-ftx-might-get-about-1-of-their-assets/embed/#?secret=OFLTDbpvkd#?secret=ApvR226FAb" data-secret="ApvR226FAb" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Binance Saw 127,351 BTC Transferred To The Exchange</h3>
Binance is seeing a massive amount of 127,351 BTCs inflows and a massive outflow of nearly 68,200 BTCs on Binance today. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="OgkyLqknNc"><a href="https://news.coincu.com/143838-binance-127351-btc-transferred-to-the-exchange/">Binance Saw 127,351 BTC Transferred To The Exchange</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Binance Saw 127,351 BTC Transferred To The Exchange” — CoinCu News" src="https://news.coincu.com/143838-binance-127351-btc-transferred-to-the-exchange/embed/#?secret=MbtltzuQun#?secret=OgkyLqknNc" data-secret="OgkyLqknNc" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Terra Co-Founder, Daniel Shin Refuses Profit Over $100 Million LUNA</h3>
Terra co-founder has denied prosecution charges that he profited about $104 million from the sale of a substantial amount of stock at a high price. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="lTjM9N5o1h"><a href="https://news.coincu.com/143863-terra-co-founder-daniel-shin-refuses-100m/">Terra Co-Founder, Daniel Shin Refuses Profit Over $100 Million LUNA</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Terra Co-Founder, Daniel Shin Refuses Profit Over $100 Million LUNA” — CoinCu News" src="https://news.coincu.com/143863-terra-co-founder-daniel-shin-refuses-100m/embed/#?secret=me62lb0OrN#?secret=lTjM9N5o1h" data-secret="lTjM9N5o1h" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Crypto Lender Vauld Was Stuck $10 Million On FTX</h3>
Crypto lending company Vauld is in financial trouble because it is stuck with $10 million on FTX after the exchange went bankrupt. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="OL5kN8xgoX"><a href="https://news.coincu.com/143891-vauld-was-stuck-10-million-on-ftx/">Crypto Lender Vauld Was Stuck $10 Million On FTX</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Crypto Lender Vauld Was Stuck $10 Million On FTX” — CoinCu News" src="https://news.coincu.com/143891-vauld-was-stuck-10-million-on-ftx/embed/#?secret=rfbhBWbB9E#?secret=OL5kN8xgoX" data-secret="OL5kN8xgoX" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 18, 2022

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1544.png"><img decoding="async" width="900" height="600" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1544.png" alt="Crypto Market Highlights November 19, 2022" class="wp-image-144255" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1544.png 900w, https://news.coincu.com/wp-content/uploads/2022/11/image-1544-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1544-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1544-750x500.png 750w" sizes="(max-width: 900px) 100vw, 900px" title="Crypto Market Highlights November 19, 2022 1"></a></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Tether Transfers 1 Billion USDT From Solana To Ethereum</h3>
The USDT stablecoin’s issuer, Tether, said that it was transferring 1 billion USDT from Solana to Ethereum through a chain swap. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="DAiSlfjAD3"><a href="https://news.coincu.com/144084-tether-transfers-usdt-solana-to-ethereum/">Tether Transfers 1 Billion USDT From Solana To Ethereum</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Tether Transfers 1 Billion USDT From Solana To Ethereum” — CoinCu News" src="https://news.coincu.com/144084-tether-transfers-usdt-solana-to-ethereum/embed/#?secret=2oewCyyXKe#?secret=DAiSlfjAD3" data-secret="DAiSlfjAD3" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Zipmex Requests Extension Of Creditor Protection While Awaiting Help Agreements</h3>
In light of a potential rescue plan, cryptocurrency exchange Zipmex has asked to extend its protection against creditors until next April. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="7AeTpzAala"><a href="https://news.coincu.com/144076-zipmex-requests-creditor-protection/">Zipmex Requests Extension Of Creditor Protection While Awaiting Help Agreements</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Zipmex Requests Extension Of Creditor Protection While Awaiting Help Agreements” — CoinCu News" src="https://news.coincu.com/144076-zipmex-requests-creditor-protection/embed/#?secret=4KW0BIeeay#?secret=7AeTpzAala" data-secret="7AeTpzAala" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>FalconX Stop Using Silvergate’s SEN Network</h3>
Out of an abundance of caution, the cryptocurrency trading platform FalconX will not route transfers through the cryptocurrency bank Silvergate. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="NVIWl7qIbl"><a href="https://news.coincu.com/144078-falconx-stop-using-sen-network/">FalconX Stop Using Silvergate’s SEN Network</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FalconX Stop Using Silvergate’s SEN Network” — CoinCu News" src="https://news.coincu.com/144078-falconx-stop-using-sen-network/embed/#?secret=MMkxVzT9eV#?secret=NVIWl7qIbl" data-secret="NVIWl7qIbl" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Man Group Will Launch Crypto Hedge Fund Despite Difficult Market Circumstances</h3>
The largest publicly listed hedge fund company, Man Group, is allegedly close to launching a cryptocurrency hedge fund despite the recent FTX downturn. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="CVU49zS8hq"><a href="https://news.coincu.com/144080-man-group-launch-crypto-hedge/">Man Group Will Launch Crypto Hedge Fund Despite Difficult Market Circumstances</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Man Group Will Launch Crypto Hedge Fund Despite Difficult Market Circumstances” — CoinCu News" src="https://news.coincu.com/144080-man-group-launch-crypto-hedge/embed/#?secret=xKRqAxkNMc#?secret=CVU49zS8hq" data-secret="CVU49zS8hq" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>SEC Considers Suspending American CryptoFed Token Sale</h3>
To consider a stop order to prevent the registration of the offer and sale of its Ducat and Locke tokens, the Securities and Exchange Commission has opened administrative procedures against American CryptoFed, a decentralized autonomous organization (DAO) with headquarters in Wyoming. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="g81cF0b23e"><a href="https://news.coincu.com/144082-sec-suspending-american-cryptofed/">SEC Considers Suspending American CryptoFed Token Sale</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“SEC Considers Suspending American CryptoFed Token Sale” — CoinCu News" src="https://news.coincu.com/144082-sec-suspending-american-cryptofed/embed/#?secret=9Yn04E2hHV#?secret=g81cF0b23e" data-secret="g81cF0b23e" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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 New

Crypto Market Highlights November 19, 2022

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1598.png"><img decoding="async" width="1024" height="711" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1598.png" alt="Crypto Market Highlights November 20, 2022" class="wp-image-144452" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1598.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1598-300x208.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1598-768x533.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1598-750x521.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 20, 2022 1"></a></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Cardano To Launch New Privacy Blockchain Called Midnight</h3>
The company behind the Cardano blockchain, Input Output Global (IOG), is launching a new, privacy-focused blockchain called Midnight and a token called “Dust” to go along with the new network. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="dJr75vGCxr"><a href="https://news.coincu.com/144283-cardano-to-launch-midnight/">Cardano To Launch New Privacy Blockchain Called Midnight</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Cardano To Launch New Privacy Blockchain Called Midnight” — CoinCu News" src="https://news.coincu.com/144283-cardano-to-launch-midnight/embed/#?secret=KsuOj6zFtl#?secret=dJr75vGCxr" data-secret="dJr75vGCxr" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>India Finalized The Rollout Of The Retail CBDC Pilot</h3>
The deployment of the retail digital rupee pilot is nearly complete, according to the Reserve Bank of India (RBI), the nation’s central bank. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="sq3ZL3TqcE"><a href="https://news.coincu.com/144266-india-finalized-retail-cbdc-pilot/">India Finalized The Rollout Of The Retail CBDC Pilot</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“India Finalized The Rollout Of The Retail CBDC Pilot” — CoinCu News" src="https://news.coincu.com/144266-india-finalized-retail-cbdc-pilot/embed/#?secret=igLGkdMYj7#?secret=sq3ZL3TqcE" data-secret="sq3ZL3TqcE" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>SNM Suddenly Surged Nearly 20x On Binance</h3>
A dead shitcoin that had an ICO in 2017, SNM, suddenly surged nearly 20x on Binance today. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="c0m8KRZnu1"><a href="https://news.coincu.com/144270-snm-suddenly-surged-nearly-20x-on-binance/">SNM Suddenly Surged Nearly 20x On Binance</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“SNM Suddenly Surged Nearly 20x On Binance” — CoinCu News" src="https://news.coincu.com/144270-snm-suddenly-surged-nearly-20x-on-binance/embed/#?secret=8HjPHoAftn#?secret=c0m8KRZnu1" data-secret="c0m8KRZnu1" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Binance Labs Still Holds FTT, CZ Confirms</h3>
The complete list of organizations that invested in FTX in the seed funding round has been shared by an anonymous crypto analyst. Binance Labs is also one of them. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="h9xIVY8s20"><a href="https://news.coincu.com/144321-binance-labs-still-holds-ftt/">Binance Labs Still Holds FTT, CZ Confirms</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Binance Labs Still Holds FTT, CZ Confirms” — CoinCu News" src="https://news.coincu.com/144321-binance-labs-still-holds-ftt/embed/#?secret=G4R4cWx6tx#?secret=h9xIVY8s20" data-secret="h9xIVY8s20" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Digital Currency Group’s Team Mysteriously Disappear From Its Website</h3>
It seems that the introduction of the Digital Currency Group (DCG) dev team was removed over 2 months ago. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="4WGkGUOBS0"><a href="https://news.coincu.com/144435-digital-currency-groups-team-disappear/">Digital Currency Group’s Team Mysteriously Disappear From Its Website</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Digital Currency Group’s Team Mysteriously Disappear From Its Website” — CoinCu News" src="https://news.coincu.com/144435-digital-currency-groups-team-disappear/embed/#?secret=NKdSkzCOcs#?secret=4WGkGUOBS0" data-secret="4WGkGUOBS0" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 20, 2022

<h5>Senator Josh Hawley, a member of the US Senate Judiciary Committee, sent a letter to top Biden administration officials Friday morning, requests for information and correspondence regarding the collapse of the crypto exchange FTX.</h5>
<figure class="wp-block-image aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1602.png"><img decoding="async" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1602-1024x576.png" alt="US
" class="wp-image-144459" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1602-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1602-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1602-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1602-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1602-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1602.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px" title="US Senate Judiciary Committee Asks Top Biden Administration Officials To Release Correspondence With FTX 1"></a><figcaption class="wp-element-caption">Josh Hawley, a member of the US Senate Judiciary Committee</figcaption></figure>
According to the Fox, Josh Hawley, a member of the US Senate Judiciary Committee, <a href="https://app.box.com/s/y821d7y5klrm6ti0wspgxuknhs2d6joq" target="_blank" rel="noreferrer noopener">sent a letter</a> to senior Biden administration officials, requesting information and correspondence about the collapse of crypto exchange FTX. 
The letters were addressed to Attorney General Merrick Garland, Securities and Exchange Commission (SEC) Chairman Gary Gensler and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam. He asked the three officials to disclose whether they had investigated FTX or its sister company, Alameda Research, and whether their respective agencies had settled with the companies.
<figure class="wp-block-image aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1600.png"><img decoding="async" loading="lazy" width="931" height="523" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1600.png" alt="US
" class="wp-image-144457" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1600.png 931w, https://news.coincu.com/wp-content/uploads/2022/11/image-1600-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1600-768x431.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1600-750x421.png 750w" sizes="(max-width: 931px) 100vw, 931px" title="US Senate Judiciary Committee Asks Top Biden Administration Officials To Release Correspondence With FTX 2"></a><figcaption class="wp-element-caption">Attorney General Merrick Garland</figcaption></figure>
Missouri Republicans also asked if the DOJ, SEC, or CFTC would notify FTX and its founders, SBF, and Democratic agencies.
“The success of Mr. Bankman-Fried’s criminal enterprise briefly made him one of America’s richest men,(…). And he deployed his ill-gotten gains in service of the Democratic Party, emerging in recent years as its second largest individual donor behind only George Soros.” Hawley wrote to the officials
Bankman-Fried has been a prolific donor to Democratic candidates during the midterm election cycle, having contributed nearly $40 million to the Democratic coffers throughout 2021 and 2022, donated about $10 million to help get President Biden elected in 2020.

<figure class="wp-block-image aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1601.png"><img decoding="async" loading="lazy" width="931" height="523" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1601.png" alt="SBF
" class="wp-image-144458" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1601.png 931w, https://news.coincu.com/wp-content/uploads/2022/11/image-1601-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1601-768x431.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1601-750x421.png 750w" sizes="(max-width: 931px) 100vw, 931px" title="US Senate Judiciary Committee Asks Top Biden Administration Officials To Release Correspondence With FTX 3"></a><figcaption class="wp-element-caption"> </figcaption></figure>
Following the collapse of FTX, Sam Bankman-Fried stepped down as CEO of the company, and his net worth has dropped from about $16 billion to zero, according to Bloomberg.
Sam Bankman-Fried is also alleged to have withdrawn customer deposits from FTX to cover losses at Alameda, in violation of the exchange’s terms of service.
As mentioned in an earlier Coincu News article, after realizing the seriousness of FTX’s collapse, celebrities and politicians who had a close relationship with Sam all <a href="https://news.coincu.com/143055-sam-bankman-fried-with-celebrities-denied/" target="_blank" rel="noreferrer noopener">tried to destroy evidence</a> of this relationship.
American politicians are giving up the benefit of the SBF’s “nefarious revenues”. With Democrat Dick Durbin and Democrats Dick Durbin and Jesús “Chuy” García said they will donate the $2,900 they received from Bankman-Fried to undisclosed charities , according to a report from the Daily Beast. Republican David Schweikert has established to forego his FTX-linked cash, which also amounts to $2,900.
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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Foxy
Coincu&nbsp;News

US Senate Judiciary Committee Asks Top Biden Administration Officials To Release Correspondence With FTX

<h5>A newly created body under Ukraine’s securities regulator will be tasked with developing rules for taxing cryptocurrencies in the country. The new agency will also be responsible for coordinating the regulation of various crypto activities and regulating existing laws.</h5>
<figure class="wp-block-image aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1630.png"><img decoding="async" width="1024" height="768" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1630-1024x768.png" alt="ukraine
" class="wp-image-144580" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1630-1024x768.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1630-300x225.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1630-768x576.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1630-750x562.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1630.png 1038w" sizes="(max-width: 1024px) 100vw, 1024px" title="New Ukraine Commission Established To Draft Cryptocurrency Tax Regulations 1"></a><figcaption class="wp-element-caption"> </figcaption></figure>
According to Bitcoin.com, Ukraine’s National Securities and Exchange Commission (NSSMC) has <a href="https://www.kmu.gov.ua/news/profesijnij-dialog-nkcpfr-stvorila-konsultacijnu-radu-z-pitan-regulyuvannya-virtualnih-aktiviv" target="_blank" rel="noreferrer noopener">established</a> an advisory committee to further develop the country’s digital asset market regulations, including crypto tax regulations.
This new body will also be responsible for coordinating the regulation of various crypto activities and regulating existing laws.
Authorities in Kiev said in an announcement before the weekend that the new commission’s first task would be prepare to amend the country’s tax code to reflect the specifics of the taxation of cryptocurrency transactions.
It follows news in September that Ukraine would amend its Virtual Assets Act to EU cryptographic rules to bring the country’s legislation in line with European standards.
<figure class="wp-block-image aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1631.png"><img decoding="async" loading="lazy" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1631.png" alt="ukraine
" class="wp-image-144581" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1631.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1631-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1631-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1631-750x422.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="New Ukraine Commission Established To Draft Cryptocurrency Tax Regulations 2"></a><figcaption class="wp-element-caption"> </figcaption></figure>
The legal authorities of the countries this year are all working to make specific regulations as well as tighten the regulation of cryptocurrencies. Especially after the fall of Terra-LUNA in May and now the collapse of the great empire <a href="https://news.coincu.com/144571-users-withdrawn-20-7b-after-ftx-crash/" target="_blank" data-type="URL" data-id="https://news.coincu.com/144571-users-withdrawn-20-7b-after-ftx-crash/" rel="noreferrer noopener">FTX </a>with consequences that are still undetermined, this need becomes even more urgent.
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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Foxy
Coincu&nbsp;News

New Ukraine Commission Established To Draft Cryptocurrency Tax Regulations

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1649.png"><img decoding="async" width="1024" height="754" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1649.png" alt="Crypto Market Highlights November 21, 2022" class="wp-image-144744" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1649.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1649-300x221.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1649-768x566.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1649-750x552.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 21, 2022 1"></a></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Liquid Stops Trading After Suspending Withdrawals</h3>
Only five days after prohibiting fiat and cryptocurrency withdrawals on the site, Liquid discontinued trading on it. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="r89V2jd0bi"><a href="https://news.coincu.com/144465-liquid-stops-trading/">Liquid Stops Trading After Suspending Withdrawals</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Liquid Stops Trading After Suspending Withdrawals” — CoinCu News" src="https://news.coincu.com/144465-liquid-stops-trading/embed/#?secret=rFcJU74Yak#?secret=r89V2jd0bi" data-secret="r89V2jd0bi" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>The Amount FTX Has To Pay To Its Top 50 Creditors Is 3.1 Billion</h3>
In recently disclosed filings, the collapsed exchange FTX is reported to have $3.1 billion in debt with its 50 creditors. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="7JN0CMzCCF"><a href="https://news.coincu.com/144467-ftx-has-to-pay-top-50-creditors-3-1-billion/">The Amount FTX Has To Pay To Its Top 50 Creditors Is 3.1 Billion</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“The Amount FTX Has To Pay To Its Top 50 Creditors Is 3.1 Billion” — CoinCu News" src="https://news.coincu.com/144467-ftx-has-to-pay-top-50-creditors-3-1-billion/embed/#?secret=rn8mswDqBb#?secret=7JN0CMzCCF" data-secret="7JN0CMzCCF" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Brazil’s Largest Bank Offers Crypto Custody With $400 Billion In Assets</h3>
Itaú, the largest commercial bank in Latin America with $400 billion in assets under management, will begin offering crypto custody services. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="4aKOWbT6dN"><a href="https://news.coincu.com/144617-brazils-largest-bank-offers-crypto-custody/">Brazil’s Largest Bank Offers Crypto Custody With $400 Billion In Assets</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Brazil’s Largest Bank Offers Crypto Custody With $400 Billion In Assets” — CoinCu News" src="https://news.coincu.com/144617-brazils-largest-bank-offers-crypto-custody/embed/#?secret=Eehb6A5SKs#?secret=4aKOWbT6dN" data-secret="4aKOWbT6dN" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>MAS Failed To Protect Singapore Users From FTX Risks</h3>
MAS released a notice that FTX has not been licensed to operate in Singapore, so it cannot protect users who have contact with this exchange. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="bmaC7RNxM1"><a href="https://news.coincu.com/144612-mas-failed-protect-users-from-ftx-risks/">MAS Failed To Protect Singapore Users From FTX Risks</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“MAS Failed To Protect Singapore Users From FTX Risks” — CoinCu News" src="https://news.coincu.com/144612-mas-failed-protect-users-from-ftx-risks/embed/#?secret=irppYpilaG#?secret=bmaC7RNxM1" data-secret="bmaC7RNxM1" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>AAX Announces Closes Out Derivatives Time</h3>
AAX has previously announced its intention to close all active futures positions of its users. Today, the exchange has specified a specific time to proceed. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="QfP7o6t0q1"><a href="https://news.coincu.com/144590-aax-announces-closes-out-derivatives-time/">AAX Announces Closes Out Derivatives Time</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“AAX Announces Closes Out Derivatives Time” — CoinCu News" src="https://news.coincu.com/144590-aax-announces-closes-out-derivatives-time/embed/#?secret=7I3FSjWwSh#?secret=QfP7o6t0q1" data-secret="QfP7o6t0q1" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 21, 2022

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1755.png"><img decoding="async" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1755.png" alt="Crypto Market Highlights November 22, 2022" class="wp-image-145153" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1755.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1755-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1755-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1755-750x422.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 22, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>FTX And Alameda Lose $3.7 Billion In 2022</h3>
According to court documents, Bankman-Fried’s businesses mainly include trading company Alameda Research, founded in 2017, and cryptocurrency exchange FTX, launched in 2019, which has had a net loss of $3.7 billion since its inception. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="JSeKVcmuvM"><a href="https://news.coincu.com/144923-ftx-and-alameda-lose-3-7-billion-in-2022/">FTX And Alameda Lose $3.7 Billion In 2022</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX And Alameda Lose $3.7 Billion In 2022” — CoinCu News" src="https://news.coincu.com/144923-ftx-and-alameda-lose-3-7-billion-in-2022/embed/#?secret=v8kDJyUyIZ#?secret=JSeKVcmuvM" data-secret="JSeKVcmuvM" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Coinbase Reveals Grayscale Digital Asset Holdings</h3>
Grayscale Bitcoin Trust Premium has fallen to a new all-time low of 40%, its custodian partner Coinbase published a report outlining the assets held on the trust’s behalf. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="N9QSn8Knlq"><a href="https://news.coincu.com/144862-coinbase-reveals-grayscale-asset/">Coinbase Reveals Grayscale Digital Asset Holdings</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Coinbase Reveals Grayscale Digital Asset Holdings” — CoinCu News" src="https://news.coincu.com/144862-coinbase-reveals-grayscale-asset/embed/#?secret=IWgoqwfg8S#?secret=N9QSn8Knlq" data-secret="N9QSn8Knlq" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Sam Bankman-Fried And Relatives Own A Huge Property Worth $121M In The Bahamas</h3>
Sam Bankman-Fried, along with his parents and senior FTX executives, is reported to have a massive $121 million&nbsp;fortune&nbsp;in the Bahamas. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="jw3unNMJQO"><a href="https://news.coincu.com/145023-sam-bankman-fried-own-huge-property/">Sam Bankman-Fried And Relatives Own A Huge Property Worth $121M In The Bahamas</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Sam Bankman-Fried And Relatives Own A Huge Property Worth $121M In The Bahamas” — CoinCu News" src="https://news.coincu.com/145023-sam-bankman-fried-own-huge-property/embed/#?secret=06MDRBwDCq#?secret=jw3unNMJQO" data-secret="jw3unNMJQO" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Justin Sun Spent $1 Billion To Acquire About 60% Of Huobi Exchange Shares</h3>
Although he denies owning Huobi, Justin Sun was recently discovered to have used $1 billion to buy back about 60% of the shares in&nbsp;Huobi Exchange&nbsp;through About Capital. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="AMGyDsWwn1"><a href="https://news.coincu.com/145036-justin-sun-spent-1b-acquire-60-huobi-shares/">Justin Sun Spent $1 Billion To Acquire About 60% Of Huobi Exchange Shares</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Justin Sun Spent $1 Billion To Acquire About 60% Of Huobi Exchange Shares” — CoinCu News" src="https://news.coincu.com/145036-justin-sun-spent-1b-acquire-60-huobi-shares/embed/#?secret=EzldXT7yiq#?secret=AMGyDsWwn1" data-secret="AMGyDsWwn1" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Bitget Intends To Increase Its Worldwide Workforce By 50%</h3>
Bitget, a Singapore-based crypto derivatives exchange, has registered in Seychelles in order to expand its services. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="n6Pxn4iuYc"><a href="https://news.coincu.com/145062-bitget-intends-to-increase-workforce-by-50/">Bitget Intends To Increase Its Worldwide Workforce By 50%</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Bitget Intends To Increase Its Worldwide Workforce By 50%” — CoinCu News" src="https://news.coincu.com/145062-bitget-intends-to-increase-workforce-by-50/embed/#?secret=JTVkPKX3Y4#?secret=n6Pxn4iuYc" data-secret="n6Pxn4iuYc" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 22, 2022

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1848.png"><img decoding="async" width="960" height="503" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1848.png" alt="Crypto Market Highlights November 23, 2022" class="wp-image-145471" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1848.png 960w, https://news.coincu.com/wp-content/uploads/2022/11/image-1848-300x157.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1848-768x402.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1848-750x393.png 750w" sizes="(max-width: 960px) 100vw, 960px" title="Crypto Market Highlights November 23, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Curve Releases Whitepaper For crvUSD Stablecoin</h3>
Curve Finance has made the&nbsp;source code&nbsp;and legal documentation for the upcoming crvUSD decentralized stablecoin available. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="1YZWfPQXQg"><a href="https://news.coincu.com/145273-curve-releases-whitepaper-for-crvusd/">Curve Releases Whitepaper For crvUSD Stablecoin</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Curve Releases Whitepaper For crvUSD Stablecoin” — CoinCu News" src="https://news.coincu.com/145273-curve-releases-whitepaper-for-crvusd/embed/#?secret=oXvz2bYEJi#?secret=1YZWfPQXQg" data-secret="1YZWfPQXQg" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Core Scientific May Be Closed At The End Of 2023 If The Market Continues To Be Doomsday</h3>
While attempting to find new sources of funding and make cost reductions, Core Scientific stated that there was substantial doubt about its ability to continue operations past November 2023. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="RHhp1RWPdT"><a href="https://news.coincu.com/145286-core-scientific-may-be-closed/">Core Scientific May Be Closed At The End Of 2023 If The Market Continues To Be Doomsday</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Core Scientific May Be Closed At The End Of 2023 If The Market Continues To Be Doomsday” — CoinCu News" src="https://news.coincu.com/145286-core-scientific-may-be-closed/embed/#?secret=KA8H4DgDDq#?secret=RHhp1RWPdT" data-secret="RHhp1RWPdT" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Binance Reopens USDC Deposit Service On Solana Chain</h3>
After abruptly halting USDC and USDT deposits on the Solana chain with “no explanation,” Binance has reportedly reopened the service following an internal review and review. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="JImSCpkbmu"><a href="https://news.coincu.com/145340-binance-reopens-usdc-deposit-on-solana/">Binance Reopens USDC Deposit Service On Solana Chain</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Binance Reopens USDC Deposit Service On Solana Chain” — CoinCu News" src="https://news.coincu.com/145340-binance-reopens-usdc-deposit-on-solana/embed/#?secret=HXJFCdkP6m#?secret=JImSCpkbmu" data-secret="JImSCpkbmu" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Argentina’s Fan Token Drops 25% After Defeat To Saudi Arabia</h3>
The devastating loss of Argentina’s 2022 World Cup team to Saudi Arabia has impacted ARG Fan Tokens as well. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="v4Zr2j9zRl"><a href="https://news.coincu.com/145405-saudi-arabia-gripped-argentine-fan-tokens/">Argentina’s Fan Token Drops 25% After Defeat To Saudi Arabia</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Argentina’s Fan Token Drops 25% After Defeat To Saudi Arabia” — CoinCu News" src="https://news.coincu.com/145405-saudi-arabia-gripped-argentine-fan-tokens/embed/#?secret=m8xNxRwgjJ#?secret=v4Zr2j9zRl" data-secret="v4Zr2j9zRl" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Tornado Cash Developer Sentenced To 3 More Months In Prison</h3>
Alexey Pertsev, the creator of the Ethereum mixer Tornado Cash, will be imprisoned in Amsterdam for at least until February 2023 – according to a Dutch court. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="MZodS8CK5C"><a href="https://news.coincu.com/145402-tornado-cash-developer-sentenced-3-months/">Tornado Cash Developer Sentenced To 3 More Months In Prison</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Tornado Cash Developer Sentenced To 3 More Months In Prison” — CoinCu News" src="https://news.coincu.com/145402-tornado-cash-developer-sentenced-3-months/embed/#?secret=TU5A3gKxXx#?secret=MZodS8CK5C" data-secret="MZodS8CK5C" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 23, 2022

<h5>Most<a href="https://news.coincu.com/139028-bitcoin-20000-fed-expected-rate-increase/" target="_blank" data-type="URL" data-id="https://news.coincu.com/139028-bitcoin-20000-fed-expected-rate-increase/" rel="noreferrer noopener"> Federal Reserve officials</a> think they should slow the pace of rate hikes after approving a 0.75% point rate hike at their meeting earlier this month to combat high inflation. They could drop to a 50 basis point rate hike, at their meeting next month.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1887.png"><img decoding="async" width="1024" height="537" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1887-1024x537.png" alt="image 1887" class="wp-image-145595" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1887-1024x537.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1887-300x157.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1887-768x403.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1887-750x394.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1887-1140x598.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1887.png 1500w" sizes="(max-width: 1024px) 100vw, 1024px" title="FED May Cut Interest Rate By 50 Basis Points Next Month 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
According to the WSJ, their discussion at the meeting, described in the minutes of the meeting released Wednesday, suggested they could slow the pace of rate hikes by 0.5 percentage points (or 50 basis points), at their meeting next month.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Breaking: Federal Reserve minutes show “a substantial majority” of officials at their November meeting thought the pace of rate rises could slow soon. Stocks rose after the release. <a href="https://t.co/sMF9GbKrBX" target="_blank">https://t.co/sMF9GbKrBX</a>— The Wall Street Journal (@WSJ) <a href="https://twitter.com/WSJ/status/1595498007235297281?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 23, 2022</a></blockquote>
</div></figure>
A majority of Federal Reserve officials favor an early slowing of rate hikes, even as some warn that monetary policy will need to be tighter than expected next year. Raising the base rate by 0.75% points for the fourth consecutive month shows that officials’ campaign to quell rising inflation has been somewhat effective.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1885.png"><img decoding="async" loading="lazy" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1885-1024x576.png" alt="FED" class="wp-image-145593" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1885-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1885-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1885-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1885-1536x864.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-1885-2048x1152.png 2048w, https://news.coincu.com/wp-content/uploads/2022/11/image-1885-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1885-1140x641.png 1140w" sizes="(max-width: 1024px) 100vw, 1024px" title="FED May Cut Interest Rate By 50 Basis Points Next Month 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
However, in a sign of divisions among policymakers, others warn that there is a risk that the cumulative effect of interest rate increases could be “beyond necessary” to control inflation.
<blockquote class="wp-block-quote">
“A slower pace in these circumstances would better allow the committee to assess progress toward its goals of maximum employment and price stability,” 
<cite>According to the minutes</cite></blockquote>
The minutes also showed growing concern about financial stability risks related to the Fed’s plans to rapidly increase borrowing costs, citing recent disputes in the UK government bond market that have forced the Bank of England to intervene.
However, investors continue to be skeptical of the Fed’s commitment to push for monetary tightening, especially as economic data becomes increasingly mixed. Despite objections from central bank officials, market participants predict the US economy will slip into a recession next year, forcing the Fed to cut interest rates.
Under the negative impact of the crisis following the FTX crash, the price of BTC plummeted. In 24 hours, BTC price recorded a 2.4% gain and is currently trading at $16,563. If next month’s interest rate hike falls to 0.5%, it will likely create a retracement for the BTC price.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1884.png"><img decoding="async" loading="lazy" width="1024" height="451" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1884-1024x451.png" alt="BTC" class="wp-image-145591" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1884-1024x451.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1884-300x132.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1884-768x338.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1884-1536x676.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-1884-750x330.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1884-1140x502.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1884.png 1907w" sizes="(max-width: 1024px) 100vw, 1024px" title="FED May Cut Interest Rate By 50 Basis Points Next Month 3"></a><figcaption class="wp-element-caption">24h price chart. Source: <a href="https://coincu.com/currencies/btc-bitcoin/" target="_blank" rel="noreferrer noopener">Coincu.com</a></figcaption></figure></div>
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Foxy
Coincu News

FED May Cut Interest Rate By 50 Basis Points Next Month

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1926.png"><img decoding="async" width="752" height="423" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1926.png" alt="Crypto Market Highlights November 24, 2022" class="wp-image-145824" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1926.png 752w, https://news.coincu.com/wp-content/uploads/2022/11/image-1926-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1926-750x422.png 750w" sizes="(max-width: 752px) 100vw, 752px" title="Crypto Market Highlights November 24, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Mt. Gox Hacker Has Transferred 10,000 BTC From 7 Years Ago</h3>
Hacker assault Mt. Gox is reported to have shifted 10,000 BTC from seven years ago to the exchange and profited. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="X0TfaCxV5M"><a href="https://news.coincu.com/145663-mt-gox-hacker-has-transferred-10000-btc/">Mt. Gox Hacker Has Transferred 10,000 BTC From 7 Years Ago</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Mt. Gox Hacker Has Transferred 10,000 BTC From 7 Years Ago” — CoinCu News" src="https://news.coincu.com/145663-mt-gox-hacker-has-transferred-10000-btc/embed/#?secret=k4LhhVXGk6#?secret=X0TfaCxV5M" data-secret="X0TfaCxV5M" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Elon Musk Continues Speaking About SBF Holding $100 Million Worth Of Twitter Share</h3>
Elon Musk and a global news outlet funded by Sam Bankman-Fried got into a Twitter argument after the Twitter CEO called&nbsp;Semafor’s reporting false. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="C3QACkItfN"><a href="https://news.coincu.com/145685-elon-musk-continues-speaking/">Elon Musk Continues Speaking About SBF Holding $100 Million Worth Of Twitter Share</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Elon Musk Continues Speaking About SBF Holding $100 Million Worth Of Twitter Share” — CoinCu News" src="https://news.coincu.com/145685-elon-musk-continues-speaking/embed/#?secret=v0cQypkq8A#?secret=C3QACkItfN" data-secret="C3QACkItfN" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Coinbase’s Chief Legal Officer Says The OFAC Sanction On Tornado Cash Is Excessive</h3>
The matter of the Treasury’s OFAC Sanction against Tornado Cash was recently mentioned by Coinbase’s chief legal officer. In the tweet, he also indicated that the case had now gone too far. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="3sj7Cizv7O"><a href="https://news.coincu.com/145691-coinbases-on-tornado-cash/">Coinbase’s Chief Legal Officer Says The OFAC Sanction On Tornado Cash Is Excessive</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Coinbase’s Chief Legal Officer Says The OFAC Sanction On Tornado Cash Is Excessive” — CoinCu News" src="https://news.coincu.com/145691-coinbases-on-tornado-cash/embed/#?secret=gSu24ndcJz#?secret=3sj7Cizv7O" data-secret="3sj7Cizv7O" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>CZ Announces Binance Is Partnering With Genesis</h3>
CZ said it would set up a $1 billion rescue fund in six months. Binance is currently in contact with Genesis, but not sure how deeply involved it is. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="bvRSqLa6qy"><a href="https://news.coincu.com/145769-cz-binance-is-partnering-with-genesis/">CZ Announces Binance Is Partnering With Genesis</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“CZ Announces Binance Is Partnering With Genesis” — CoinCu News" src="https://news.coincu.com/145769-cz-binance-is-partnering-with-genesis/embed/#?secret=mC0T8YFoUU#?secret=bvRSqLa6qy" data-secret="bvRSqLa6qy" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Singapore Conducts Hodlnaut Investigation With Suspected Fraud</h3>
Singapore authorities have opened an inquiry into the problematic cryptocurrency exchange Hodlnaut. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="0yncA37q3F"><a href="https://news.coincu.com/145746-singapore-conducts-hodlnaut-investigation/">Singapore Conducts Hodlnaut Investigation With Suspected Fraud</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Singapore Conducts Hodlnaut Investigation With Suspected Fraud” — CoinCu News" src="https://news.coincu.com/145746-singapore-conducts-hodlnaut-investigation/embed/#?secret=LNAi6g0AGZ#?secret=0yncA37q3F" data-secret="0yncA37q3F" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 24, 2022

<h5>Cryptocurrency exchange<a href="https://news.coincu.com/135098-lemon-ntegrate-travelx-to-buy-air-tickets/" target="_blank" rel="noreferrer noopener"> Lemon Cash </a>lays off 38% of employees citing market pressure and the uncertain future of the venture capital market. The impact of the crash of FTX is spreading to the crypto industry, leaving many companies and projects in dire straits.</h5>
<figure class="wp-block-image aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1970-1024x514.png"><img decoding="async" width="1024" height="514" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1970-1024x514.png" alt="Lemon cash
" class="wp-image-146009" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1970-1024x514.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1970-300x151.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1970-768x386.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1970-1536x772.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-1970-360x180.png 360w, https://news.coincu.com/wp-content/uploads/2022/11/image-1970-750x377.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1970-1140x573.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1970.png 1718w" sizes="(max-width: 1024px) 100vw, 1024px" title="Argentinian Crypto Exchange Lemon Cash Lays Off 38% Of Employees Due To Market Impact 1"></a><figcaption class="wp-element-caption"> </figcaption></figure>
According to Coindesk, the Argentine crypto exchange Lemon Cash has announced the layoffs of 38%, around 100 employees, citing the challenging industry environment and the lack of clear recovery prospects in the venture capital market.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/lemonapp_ar?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@lemonapp_ar</a>, a crypto exchange with operations in Argentina and Brazil, cut 38% of its workforce – roughly 100 employees – on Thursday, citing the challenging tech and venture capital context as reasons. <a href="https://twitter.com/andresengler?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@andresengler</a> reports<a href="https://t.co/QlQdMAOKwC" target="_blank">https://t.co/QlQdMAOKwC</a>— CoinDesk (@CoinDesk) <a href="https://twitter.com/CoinDesk/status/1595812628898541569?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 24, 2022</a></blockquote>
</div></figure>
CEO Marcelo Cavazzoli said in an interview that both offices in Argentina and Brazil were affected.
In July 2021, Lemon completed a $16.3 million Series A funding led by UK fund Kingsway Capital. On November 3, Lemon withdrew almost all of its investment in Alameda Research, leaving only “a small portion” invested in Lemon by FTX Ventures.
<figure class="wp-block-image aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1971.png"><img decoding="async" loading="lazy" width="1024" height="534" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1971-1024x534.png" alt="lemon cash
" class="wp-image-146010" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1971-1024x534.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1971-300x156.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1971-768x400.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1971-750x391.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1971-1140x594.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1971.png 1170w" sizes="(max-width: 1024px) 100vw, 1024px" title="Argentinian Crypto Exchange Lemon Cash Lays Off 38% Of Employees Due To Market Impact 2"></a><figcaption class="wp-element-caption"> </figcaption></figure>
Cavazzoli said the exchange does not expect to recover the funds. Additionally, Lemon issued auditor-confirmed reserve and debt certificates last week.
Founded in 2019, Lemon has 1.6 million users in Argentina and has issued 760,000 prepaid crypto cards.
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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Foxy
Coincu&nbsp;News

Argentinian Crypto Exchange Lemon Cash Lays Off 38% Of Employees Due To Market Impact

<h5>Matrixport, a crypto asset management firm founded by former Bitmain co-founder Jihan Wu, is seeking $100 million in funding at a $1.5 billion valuation.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1977.png"><img decoding="async" width="1024" height="614" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1977-1024x614.png" alt="Matrixport" class="wp-image-146045" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1977-1024x614.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1977-300x180.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1977-768x461.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1977-750x450.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1977-1140x684.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1977.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Matrixport Looking To Raise $100 Million At $1.5 Billion Valuation 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<a href="https://news.coincu.com/103177-matrixport-introduces-custody-for-nfts/" target="_blank" rel="noreferrer noopener">Matrixport Technologies Pte</a>, one of Asia’s largest crypto lenders, is targeting $100 million funding at a higher valuation, even as the fall of FTX reverberates in financial markets digital product.
The Singapore company has a pledge from top investors for $50 million at a $1.5 billion valuation in the round, up from $1 billion a year earlier, according to people familiar with the matter.
These people said the deal has not been finalized and the company is still looking for investors for the second half of the round. It was not immediately clear who the main investors of this round were.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1978.png"><img decoding="async" loading="lazy" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1978-1024x576.png" alt="Matrixport" class="wp-image-146046" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1978-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-1978-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1978-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1978-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-1978-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-1978.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px" title="Matrixport Looking To Raise $100 Million At $1.5 Billion Valuation 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Matrixport’s services include custody, trading, lending and structured products. Jihan Wu <a href="https://www-forbes-com.translate.goog/sites/robertolsen/2021/12/23/billionaire-crypto-pioneer-says-market-will-grow-to-tens-of-trillions-of-dollars/?_x_tr_sl=en&amp;_x_tr_tl=vi&amp;_x_tr_hl=vi&amp;_x_tr_pto=sc" target="_blank" rel="noreferrer noopener">says</a> it is the first to offer crypto dual currency products, which are investments that provide guaranteed returns with payouts paid in either cryptocurrencies. available depending on the market price at that time.
Matrixport says it currently has $10 billion in assets under management and custody. In addition, it processes $5 billion in transactions per month, has tens of billions of dollars in assets under management and custody, and has nearly 300 employees, according to disclosed investor filings.
Prior to the news last August, Matrixport completed a $100 million C funding round.
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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Foxy
Coincu&nbsp;News

Matrixport Looking To Raise $100 Million At $1.5 Billion Valuation

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-1985.png"><img decoding="async" width="929" height="523" src="https://news.coincu.com/wp-content/uploads/2022/11/image-1985.png" alt="Crypto Market Highlights November 25, 2022" class="wp-image-146073" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-1985.png 929w, https://news.coincu.com/wp-content/uploads/2022/11/image-1985-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-1985-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-1985-750x422.png 750w" sizes="(max-width: 929px) 100vw, 929px" title="Crypto Market Highlights November 25, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>CEO of WeMade Speaks Out About DAXA’s Delist WEMIX Token Decision: “This is power abuse!”</h3>
After DAXA, the organization of the 5 largest crypto exchanges in Korea, announced that the exchanges would delist WEMIX token of gaming company Wemade, CEO Chang Hyun-guk held a press conference about the event. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="d3YaHJd30L"><a href="https://news.coincu.com/146107-ceo-of-wemade-speaks-out/">CEO of WeMade Speaks Out About DAXA’s Delist WEMIX Token Decision: “This is power abuse!”</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“CEO of WeMade Speaks Out About DAXA’s Delist WEMIX Token Decision: “This is power abuse!”” — CoinCu News" src="https://news.coincu.com/146107-ceo-of-wemade-speaks-out/embed/#?secret=lUoVF3zElj#?secret=d3YaHJd30L" data-secret="d3YaHJd30L" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Binance-led $1 Billion Industry Recovery Initiative Backed By Web3 Companies</h3>
Binance has launched the Industry Recovery Initiative (IRI), a new co-investment option for companies wanting to assist the future of Web3, in an effort to lead the charge when it comes to consumer protection and industry reconstruction. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="ZEVLRsXoj2"><a href="https://news.coincu.com/146027-binance-led-industry-recovery-initiative/">Binance-led $1 Billion Industry Recovery Initiative Backed By Web3 Companies</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Binance-led $1 Billion Industry Recovery Initiative Backed By Web3 Companies” — CoinCu News" src="https://news.coincu.com/146027-binance-led-industry-recovery-initiative/embed/#?secret=cgC9Qy7tHX#?secret=ZEVLRsXoj2" data-secret="ZEVLRsXoj2" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Crypto Law Firm Hodl Law PLLC Sues SEC</h3>
The US Securities and Exchange Commission (SEC) has been sued by the cryptocurrency-focused law firm Hodl Law PLLC on the grounds that the agency has not made clear when it has jurisdiction over digital assets and when it considers them securities. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="AjUWSphHqp"><a href="https://news.coincu.com/146029-crypto-law-firm-hodl-law-pllc-sues-sec/">Crypto Law Firm Hodl Law PLLC Sues SEC</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Crypto Law Firm Hodl Law PLLC Sues SEC” — CoinCu News" src="https://news.coincu.com/146029-crypto-law-firm-hodl-law-pllc-sues-sec/embed/#?secret=KbSknUAPLg#?secret=AjUWSphHqp" data-secret="AjUWSphHqp" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>CoinList Speaks Out About The Platform Blocking Withdrawals Is Just FUD</h3>
Following a blogger’s post stating users had reported being unable to withdraw money for more than a week, which raised concerns the company was experiencing liquidity problems or was bankrupt, CoinList took to Twitter to dispel “FUD.” For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="ccHwn0TxME"><a href="https://news.coincu.com/146103-coinlist-speaks-out-fud/">CoinList Speaks Out About The Platform Blocking Withdrawals Is Just FUD</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“CoinList Speaks Out About The Platform Blocking Withdrawals Is Just FUD” — CoinCu News" src="https://news.coincu.com/146103-coinlist-speaks-out-fud/embed/#?secret=f3NQ8fcxUx#?secret=ccHwn0TxME" data-secret="ccHwn0TxME" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Apecoin Staking Will Be Launched On Dec 12, But US Is Blocked</h3>
Horizen Labs says Apecoin staking will be launched on December 12, and pre-deposits will begin on December 5. But the US, Canada, Russia and some other countries will be blocked. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="h9t5g54aP4"><a href="https://news.coincu.com/146124-apecoin-staking-will-be-launched-on-dec-12-but-us-is-blocked/">Apecoin Staking Will Be Launched On Dec 12 But US Is Blocked</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Apecoin Staking Will Be Launched On Dec 12 But US Is Blocked” — CoinCu News" src="https://news.coincu.com/146124-apecoin-staking-will-be-launched-on-dec-12-but-us-is-blocked/embed/#?secret=98lmEeT5wd#?secret=h9t5g54aP4" data-secret="h9t5g54aP4" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 25, 2022

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-2123.png"><img decoding="async" width="1024" height="768" src="https://news.coincu.com/wp-content/uploads/2022/11/image-2123.png" alt="Crypto Market Highlights November 26, 2022" class="wp-image-146568" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-2123.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-2123-300x225.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-2123-768x576.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-2123-750x563.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 26, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Binance Affirms Will Not Use Customer Money For Trading</h3>
After the collapse of FTX, Binance has made many moves to strengthen customer trust as well as demonstrate transparency. The market’s largest crypto exchange asserts separation between customer funds and corporate assets, and an isolated customer crypto-asset chain wallet is under construction. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="VwdTsB570E"><a href="https://news.coincu.com/146438-binance-not-use-customer-money-for-trading/">Binance Affirms Will Not Use Customer Money For Trading</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Binance Affirms Will Not Use Customer Money For Trading” — CoinCu News" src="https://news.coincu.com/146438-binance-not-use-customer-money-for-trading/embed/#?secret=jvB4TXA7DD#?secret=VwdTsB570E" data-secret="VwdTsB570E" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Huobi Has Denied The Reports That It May Merge With Poloniex</h3>
Huobi, a cryptocurrency trading platform, has dismissed reports that it will merge with Poloniex as “categorically wrong.” For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="Ymx03kV1As"><a href="https://news.coincu.com/146431-huobi-has-denied-it-may-merge-with-poloniex/">Huobi Has Denied The Reports That It May Merge With Poloniex</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Huobi Has Denied The Reports That It May Merge With Poloniex” — CoinCu News" src="https://news.coincu.com/146431-huobi-has-denied-it-may-merge-with-poloniex/embed/#?secret=s7CTSPGeQc#?secret=Ymx03kV1As" data-secret="Ymx03kV1As" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Coinbase Launches $500,000 Developer Grant Program&nbsp;</h3>
Coinbase, a cryptocurrency exchange, published an article titled “How Crypto Companies Provide Proof of Reserves” on its official website. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="PqbqSb0MbR"><a href="https://news.coincu.com/146413-coinbase-launches-developer-grant-program/">Coinbase Launches $500,000 Developer Grant Program&nbsp;</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Coinbase Launches $500,000 Developer Grant Program&nbsp;” — CoinCu News" src="https://news.coincu.com/146413-coinbase-launches-developer-grant-program/embed/#?secret=WIn0cIGJ6V#?secret=PqbqSb0MbR" data-secret="PqbqSb0MbR" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>FTX Account Drainer Used ChipMixer To Launder The Stolen Funds</h3>
According to on-chain detective ZachXBT, the&nbsp;FTX account drainer&nbsp;used ChipMixer to hide his money and has already laundered about 360 Bitcoin (BTC). For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="MQbBDX2PLB"><a href="https://news.coincu.com/146376-ftx-account-drainer-used-chipmixer/">FTX Account Drainer Used ChipMixer To Launder The Stolen Funds</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX Account Drainer Used ChipMixer To Launder The Stolen Funds” — CoinCu News" src="https://news.coincu.com/146376-ftx-account-drainer-used-chipmixer/embed/#?secret=1c97PMsGPP#?secret=MQbBDX2PLB" data-secret="MQbBDX2PLB" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Kraken CEO Said Binance Proof-of-Reserves Is ‘Pointless’</h3>
One of the first crypto exchanges to disclose its proof-of-reserves was Binance, and a lot of other companies soon followed. These previous proofs of reserves, however, were nothing more than the contents of the exchange’s cold wallet accounts. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="W9DMw97Eex"><a href="https://news.coincu.com/146484-kraken-ceo-said-binance/">Kraken CEO Said Binance Proof-of-Reserves Is ‘Pointless’</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Kraken CEO Said Binance Proof-of-Reserves Is ‘Pointless’” — CoinCu News" src="https://news.coincu.com/146484-kraken-ceo-said-binance/embed/#?secret=6MFWq7KjfM#?secret=W9DMw97Eex" data-secret="W9DMw97Eex" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 26, 2022

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-2175.png"><img decoding="async" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/11/image-2175.png" alt="Crypto Market Highlights November 27, 2022" class="wp-image-146745" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-2175.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-2175-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-2175-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-2175-750x422.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 27, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>The Number Of NEAR Tokens In Circulation Has Increased To 830 Million In The Last Week</h3>
NEAR’s transparency report shows positive signs in network performance. In the past week, the number of tokens in circulation has increased by 3 million tokens. The total number of active accounts has reached 22 million. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="eMvK0ZrByi"><a href="https://news.coincu.com/146619-near-in-circulation-increased-830m/">The Number Of NEAR Tokens In Circulation Has Increased To 830 Million In The Last Week</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“The Number Of NEAR Tokens In Circulation Has Increased To 830 Million In The Last Week” — CoinCu News" src="https://news.coincu.com/146619-near-in-circulation-increased-830m/embed/#?secret=JK0gIR0w26#?secret=eMvK0ZrByi" data-secret="eMvK0ZrByi" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Mark Cuban: Won’t Leave Crypto, SBF Should Worry About Jail</h3>
Although the market is reeling with the collapse of the FTX empire, Mark Cuban said in an interview that he has not yet given up on crypto for its value and shared that SBF should be worried about going to jail. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="0kTfNYTWTs"><a href="https://news.coincu.com/146628-mark-cuban-wont-leave-crypto-sbf-jail/">Mark Cuban: Won’t Leave Crypto, SBF Should Worry About Jail</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Mark Cuban: Won’t Leave Crypto, SBF Should Worry About Jail” — CoinCu News" src="https://news.coincu.com/146628-mark-cuban-wont-leave-crypto-sbf-jail/embed/#?secret=xG0lHveoie#?secret=0kTfNYTWTs" data-secret="0kTfNYTWTs" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>New York’s Mayor Speaks Up After Governor Kathy Hochul Signs Bill Restricting Crypto Mining</h3>
New York City Mayor Eric Adams is still committed to making New York a crypto center, but he feels that aim can be linked with statewide measures to reduce environmental costs associated with crypto mining. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="mqqY8hqlLF"><a href="https://news.coincu.com/146650-new-yorks-mayor-speaks-up/">New York’s Mayor Speaks Up After Governor Kathy Hochul Signs Bill Restricting Crypto Mining</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“New York’s Mayor Speaks Up After Governor Kathy Hochul Signs Bill Restricting Crypto Mining” — CoinCu News" src="https://news.coincu.com/146650-new-yorks-mayor-speaks-up/embed/#?secret=DEvPR8lt05#?secret=mqqY8hqlLF" data-secret="mqqY8hqlLF" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Bitcoin Miners Revenue Hits Two-Year Low</h3>
Bitcoin miners’ revenue fell to two-year lows due to poor market performance and increased computational demand amid rising network difficulty. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="4ekMcKGWN1"><a href="https://news.coincu.com/146652-bitcoin-miners-revenue-hits-two-year-low/">Bitcoin Miners Revenue Hits Two-Year Low</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Bitcoin Miners Revenue Hits Two-Year Low” — CoinCu News" src="https://news.coincu.com/146652-bitcoin-miners-revenue-hits-two-year-low/embed/#?secret=gLnsSVoaXw#?secret=4ekMcKGWN1" data-secret="4ekMcKGWN1" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Bitget Launches Marketing Campaign With Messi During 2022 World Cup</h3>
Bitget will launch a series of marketing campaigns starring Lionel Messi, as well as a brand film to commemorate the 2022 World Cup. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="PaMX9xukU6"><a href="https://news.coincu.com/146654-bitget-launches-campaign-with-messi/">Bitget Launches Marketing Campaign With Messi During 2022 World Cup</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Bitget Launches Marketing Campaign With Messi During 2022 World Cup” — CoinCu News" src="https://news.coincu.com/146654-bitget-launches-campaign-with-messi/embed/#?secret=YCljygqmq8#?secret=PaMX9xukU6" data-secret="PaMX9xukU6" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 27, 2022

<h5>The Singapore government faces closer scrutiny over the fallout of Sam Bankman-Fried’s FTX crypto empire. In particular, the state investment fund Temasek Holdings was locked $275 million on the platform.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-2222.png"><img decoding="async" width="620" height="413" src="https://news.coincu.com/wp-content/uploads/2022/11/image-2222.png" alt="Singapore Government" class="wp-image-146985" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-2222.png 620w, https://news.coincu.com/wp-content/uploads/2022/11/image-2222-300x200.png 300w" sizes="(max-width: 620px) 100vw, 620px" title="Singapore Government Faces Parliament Over FTX Consequences Including $275M Of Temasek 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
According to <a href="https://t.co/OmeAXYB5XO" target="_blank" rel="noreferrer noopener">Bloomberg</a> news agency, Singapore Prime Minister Lee Hsien Loong and Singapore Deputy Prime Minister Huang Xuncai will face a large number of questions before parliament this week. Issues related to damage caused by retail investors and due diligence by retail investors and state investment agency <a href="http://According to Bloomberg news agency, Singapore Prime Minister Lee Hsien Loong and Singapore Deputy Prime Minister Huang Xuncai will face a large number of questions before parliament this week. Issues related to damage caused by retail investors and due diligence by retail investors and state investment agency Temasek Holdings." target="_blank" rel="noreferrer noopener">Temasek Holdings</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Singapore’s government faces increased scrutiny over the fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire <a href="https://t.co/OmeAXYB5XO" target="_blank">https://t.co/OmeAXYB5XO</a>— Bloomberg (@business) <a href="https://twitter.com/business/status/1597127664753872896?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 28, 2022</a></blockquote>
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Temasek Holdings Pte, or simply Temasek, is a Singapore state holding company owned by the Government of Singapore. Earlier on November 17, Temasek announced that it had recorded its entire $275 million investment in FTX and had no direct exposure to the cryptocurrency.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-2221.png"><img decoding="async" loading="lazy" width="1024" height="682" src="https://news.coincu.com/wp-content/uploads/2022/11/image-2221-1024x682.png" alt="temasek" class="wp-image-146981" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-2221-1024x682.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-2221-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-2221-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-2221-1536x1024.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-2221-750x500.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-2221-1140x760.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-2221.png 2000w" sizes="(max-width: 1024px) 100vw, 1024px" title="Singapore Government Faces Parliament Over FTX Consequences Including $275M Of Temasek 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Ho Ching, former chief executive of Temasek, in a weekend Facebook post said “a loss in what may turn out to be a badly managed company without adult supervision is egg on our face”. She defended Temasek’s wider strategy, saying “some of Temasek’s best investments were made by being contrarian”
An explanation page on Temasek’s website has been updated to say that after several rounds of due diligence on FTX, Temasek “inquired about the relationship between Alameda and FTX, preferential treatment and segregation, with explicit confirmation force the contract.”
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Foxy
Coincu&nbsp;News

Singapore Government Faces Parliament Over FTX Consequences Including $275M Of Temasek

<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-2248.png"><img decoding="async" width="1024" height="536" src="https://news.coincu.com/wp-content/uploads/2022/11/image-2248-1024x536.png" alt="Crypto Market Highlights November 28, 2022" class="wp-image-147069" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-2248-1024x536.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-2248-300x157.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-2248-768x402.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-2248-1536x804.png 1536w, https://news.coincu.com/wp-content/uploads/2022/11/image-2248-750x393.png 750w, https://news.coincu.com/wp-content/uploads/2022/11/image-2248-1140x597.png 1140w, https://news.coincu.com/wp-content/uploads/2022/11/image-2248.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 28, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Bahamas Attorney General: FTX Remains The Subject Of “An Active Investigation”</h3>
Bahamian authorities are still investigating the collapsed cryptocurrency exchange FTX, according to Bahamas Attorney General Ryan Pinder, who complimented the Bahamas’ regulatory structure and the speed with which it responded to the situation. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="GwKFh86VqP"><a href="https://news.coincu.com/146871-bahamas-attorney-general-ftx-remains-the-subject-of-an-active-investigation/">Bahamas Attorney General: FTX Remains The Subject Of “An Active Investigation”</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Bahamas Attorney General: FTX Remains The Subject Of “An Active Investigation”” — CoinCu News" src="https://news.coincu.com/146871-bahamas-attorney-general-ftx-remains-the-subject-of-an-active-investigation/embed/#?secret=ZkIVcSDnSp#?secret=GwKFh86VqP" data-secret="GwKFh86VqP" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Justin Sun And Vitalik Buterin To Invest $2 Billion In WEF</h3>
Justin Sun, founder of Tron, quote retweeted, stating he and Vitalik Buterin, co-founder of Ethereum, will invest 2 billion into Wrapped Ethereum Foundation (WEF) to recover all the funds. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="1TBAttPLsa"><a href="https://news.coincu.com/146924-justin-sun-vitalik-to-invest-in-wef/">Justin Sun And Vitalik Buterin To Invest $2 Billion In WEF</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Justin Sun And Vitalik Buterin To Invest $2 Billion In WEF” — CoinCu News" src="https://news.coincu.com/146924-justin-sun-vitalik-to-invest-in-wef/embed/#?secret=SA00I27B3V#?secret=1TBAttPLsa" data-secret="1TBAttPLsa" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Aave Decommissions Low Liquidity Asset Pools To Defend Against Threats</h3>
To protect against attacks, Aave decommissions low liquidity asset pools. Last week, a large CRV trade left DeFi Lender with a $1.6M bad debt. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="pDdpUjMP2K"><a href="https://news.coincu.com/146911-aave-low-liquid-pools-defendthreats/">Aave Decommissions Low Liquidity Asset Pools To Defend Against Threats</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Aave Decommissions Low Liquidity Asset Pools To Defend Against Threats” — CoinCu News" src="https://news.coincu.com/146911-aave-low-liquid-pools-defendthreats/embed/#?secret=gwY3lrtRY1#?secret=pDdpUjMP2K" data-secret="pDdpUjMP2K" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Singapore Government Faces Parliament Over FTX Consequences Including $275M Of Temasek</h3>
The Singapore government faces closer scrutiny over the fallout of Sam Bankman-Fried’s FTX crypto empire. In particular, the state investment fund Temasek Holdings was locked $275 million on the platform. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="BPI8Jpy1ZA"><a href="https://news.coincu.com/146971-singapore-government-faces-parliament-ftx/">Singapore Government Faces Parliament Over FTX Consequences Including $275M Of Temasek</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Singapore Government Faces Parliament Over FTX Consequences Including $275M Of Temasek” — CoinCu News" src="https://news.coincu.com/146971-singapore-government-faces-parliament-ftx/embed/#?secret=inOeDrz0PY#?secret=BPI8Jpy1ZA" data-secret="BPI8Jpy1ZA" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Abracadabra Calls On Sushi Swap As A Faulty Oracle Threatens $10 Million</h3>
SushiSwap has been asked by the community of Abracadabra, a crypto lending protocol and issuer of the MIM stablecoin, to make changes to two of its Bento vaults holding $10 million in Abacadbra users’ assets that could be at risk. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="y0WZY7HJyE"><a href="https://news.coincu.com/146909-abracadabra-calls-on-sushi-swap/">Abracadabra Calls On Sushi Swap As A Faulty Oracle Threatens $10 Million</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Abracadabra Calls On Sushi Swap As A Faulty Oracle Threatens $10 Million” — CoinCu News" src="https://news.coincu.com/146909-abracadabra-calls-on-sushi-swap/embed/#?secret=TA5dXjQonE#?secret=y0WZY7HJyE" data-secret="y0WZY7HJyE" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 28, 2022

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<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/11/image-2365.png"><img decoding="async" width="1024" height="678" src="https://news.coincu.com/wp-content/uploads/2022/11/image-2365.png" alt="Crypto Market Highlights November 29, 2022" class="wp-image-147519" srcset="https://news.coincu.com/wp-content/uploads/2022/11/image-2365.png 1024w, https://news.coincu.com/wp-content/uploads/2022/11/image-2365-300x199.png 300w, https://news.coincu.com/wp-content/uploads/2022/11/image-2365-768x509.png 768w, https://news.coincu.com/wp-content/uploads/2022/11/image-2365-750x497.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 29, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>LBRY Has Been Troubled With Apple About Censorship Terms</h3>
File-sharing and payment network based on blockchain LBRY claims that during the COVID-19 issue, Apple pushed it to block out specific search phrases in an apparent rejection of free expression. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="R2P5telv1e"><a href="https://news.coincu.com/147396-lbry-has-been-troubled-with-apple/">LBRY Has Been Troubled With Apple About Censorship Terms</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“LBRY Has Been Troubled With Apple About Censorship Terms” — CoinCu News" src="https://news.coincu.com/147396-lbry-has-been-troubled-with-apple/embed/#?secret=x3thtTX78N#?secret=R2P5telv1e" data-secret="R2P5telv1e" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>MakerDAO Voting Increases DAI Annual Yield Up To 1%</h3>
The community of the decentralized financial company MakerDAO is voting to increase the yearly return for its DAI stablecoin by up to 1%. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="EA4WRJtceV"><a href="https://news.coincu.com/147300-makerdao-voting-increases-dai-apy/">MakerDAO Voting Increases DAI Annual Yield Up To 1%</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“MakerDAO Voting Increases DAI Annual Yield Up To 1%” — CoinCu News" src="https://news.coincu.com/147300-makerdao-voting-increases-dai-apy/embed/#?secret=vHFL792rjU#?secret=EA4WRJtceV" data-secret="EA4WRJtceV" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Israel’s Chief Economist Suggests Guidelines For Regulating Crypto</h3>
Shira Greenberg,&nbsp;the&nbsp;Ministry of Finance’s senior economist of Israel, has asked for a more comprehensive regulatory framework that would align trading platforms and crypto issuers and enhance the powers granted to its financial authorities. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="e4RtUgqawn"><a href="https://news.coincu.com/147413-israels-suggests-guidelines-for-crypto/">Israel’s Chief Economist Suggests Guidelines For Regulating Crypto</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Israel’s Chief Economist Suggests Guidelines For Regulating Crypto” — CoinCu News" src="https://news.coincu.com/147413-israels-suggests-guidelines-for-crypto/embed/#?secret=6zxLdLkOf4#?secret=e4RtUgqawn" data-secret="e4RtUgqawn" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>National Bank Of Ukraine Introduced Draft Concept For Its CBDC</h3>
The National Bank of Ukraine (NBU) has unveiled a proposal for its central bank digital currency (CBDC) candidate, the digital hryvnia, also known as e-hryvnia. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="iScNuuNTqz"><a href="https://news.coincu.com/147399-ukraine-introduced-draft-cbdc/">National Bank Of Ukraine Introduced Draft Concept For Its CBDC</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“National Bank Of Ukraine Introduced Draft Concept For Its CBDC” — CoinCu News" src="https://news.coincu.com/147399-ukraine-introduced-draft-cbdc/embed/#?secret=owjpH8XKoa#?secret=iScNuuNTqz" data-secret="iScNuuNTqz" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>FTX Accused Of Using Alameda’s Bank Account To Avoid The Law</h3>
FTX and Alameda, its sister company, colluded from the start to settle financial problems before it went bankrupt. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="V4UMG26JZt"><a href="https://news.coincu.com/147408-ftx-using-alamedas-bank-account/">FTX Accused Of Using Alameda’s Bank Account To Avoid The Law</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX Accused Of Using Alameda’s Bank Account To Avoid The Law” — CoinCu News" src="https://news.coincu.com/147408-ftx-using-alamedas-bank-account/embed/#?secret=t4n5HYxXgt#?secret=V4UMG26JZt" data-secret="V4UMG26JZt" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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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.
Join us to keep track of news: <a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights November 29, 2022

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<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-61.png"><img decoding="async" width="1024" height="571" src="https://news.coincu.com/wp-content/uploads/2022/12/image-61.png" alt="Crypto Market Highlights November 30, 2022" class="wp-image-148137" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-61.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-61-300x167.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-61-768x428.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-61-750x418.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights November 30, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>US Treasury’s Janet Yellen Compares FTX Collapse Like A Lehman Moment</h3>
Following the collapse of the crypto exchange FTX, US Treasury Secretary Janet Yellen spoke on the need for sufficient crypto regulation at an event held by the&nbsp;New York Times Dealbook&nbsp;on Wednesday. Yellen&nbsp;compared the FTX collapse to the failure of&nbsp;Lehman Brothers. In&nbsp;2008, the investment bank filed for&nbsp;Chapter 11 bankruptcy, resulting in a massive stock market slump and a&nbsp;$700 billion bailout from the US government. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="W6a1dYA8Nf"><a href="https://news.coincu.com/147992-janet-yellen-compares-ftx-like-lehman/">US Treasury’s Janet Yellen Compares FTX Collapse Like A Lehman Moment</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“US Treasury’s Janet Yellen Compares FTX Collapse Like A Lehman Moment” — CoinCu News" src="https://news.coincu.com/147992-janet-yellen-compares-ftx-like-lehman/embed/#?secret=O1dWD8eRfk#?secret=W6a1dYA8Nf" data-secret="W6a1dYA8Nf" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Crypto Community Slams SBF Over Controversial Interview</h3>
The former FTX CEO Sam Bankman-Fried’s (SBF) highly contentious interview has not been well received by the cryptocurrency community. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="lYq1n99Kr1"><a href="https://news.coincu.com/148029-crypto-slams-sbf-controversial-interview/">Crypto Community Slams SBF Over Controversial Interview</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Crypto Community Slams SBF Over Controversial Interview” — CoinCu News" src="https://news.coincu.com/148029-crypto-slams-sbf-controversial-interview/embed/#?secret=pDerEV8Iko#?secret=lYq1n99Kr1" data-secret="lYq1n99Kr1" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Canada’s Manitoba Province Suspends New Crypto Operations For 18 Months</h3>
Canada’s Manitoba province has imposed an 18-month embargo on new crypto-mining operations, citing the risk of overloading the local grid with new projects. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="PsZ4gsiImu"><a href="https://news.coincu.com/148071-manitoba-suspends-new-crypto-operations/">Canada’s Manitoba Province Suspends New Crypto Operations For 18 Months</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Canada’s Manitoba Province Suspends New Crypto Operations For 18 Months” — CoinCu News" src="https://news.coincu.com/148071-manitoba-suspends-new-crypto-operations/embed/#?secret=ulFrdMig6f#?secret=PsZ4gsiImu" data-secret="PsZ4gsiImu" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Ripple And SEC Started Filing Replies To The Oppositions To Motions</h3>
The U.S. Securities and Exchange Commission and Ripple have begun submitting their responses to the oppositions to the requests for summary judgment in sealed documents. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="ekfAbFYffb"><a href="https://news.coincu.com/148021-ripple-v-sec-filing-replies-the-oppositions/">Ripple And SEC Started Filing Replies To The Oppositions To Motions</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Ripple And SEC Started Filing Replies To The Oppositions To Motions” — CoinCu News" src="https://news.coincu.com/148021-ripple-v-sec-filing-replies-the-oppositions/embed/#?secret=Y7TSF6W66H#?secret=ekfAbFYffb" data-secret="ekfAbFYffb" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Italy Will Begin Collecting 26% Crypto Gains Tax In 2023</h3>
Beginning in 2023, Italy will levy a 26% capital gains tax on cryptocurrency profits. Holders of cryptocurrencies will be obligated by the new law to pay 14% interest on their holdings and reveal them. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="AIop90EVlh"><a href="https://news.coincu.com/148085-italy-collecting-26-crypto-gains-tax-2023/">Italy Will Begin Collecting 26% Crypto Gains Tax In 2023</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Italy Will Begin Collecting 26% Crypto Gains Tax In 2023” — CoinCu News" src="https://news.coincu.com/148085-italy-collecting-26-crypto-gains-tax-2023/embed/#?secret=3GLJxIY1l4#?secret=AIop90EVlh" data-secret="AIop90EVlh" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu&nbsp;News

Crypto Market Highlights November 30, 2022

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<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-165.png"><img decoding="async" width="1024" height="515" src="https://news.coincu.com/wp-content/uploads/2022/12/image-165.png" alt="Crypto Market Highlights December 1, 2022" class="wp-image-148473" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-165.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-165-300x151.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-165-768x386.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-165-360x180.png 360w, https://news.coincu.com/wp-content/uploads/2022/12/image-165-750x377.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights December 2, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>US Treasury’s Janet Yellen Compares FTX Collapse Like A Lehman Moment</h3>
Ankr got hacked, being hit by a multi-million dollar exploit on December 1, and the BNB Chain-based decentralized finance (DeFi) protocol is working with exchanges to halt trading immediately. 
According to Lookonchain,&nbsp;Ankr Reward Bearing Staked BNB (aBNBc) was allegedly minted by the attacker in the amount of 20 trillion. Since then, the exploiter has successfully obtained about 5 million USDC&nbsp;by using services like Uniswap, Tornado Cash, and different bridges to swap and disguise the cash. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="oduwuDUJd9"><a href="https://news.coincu.com/148256-breaking-ankr-got-hacked-trading-halt/">BREAKING: Ankr Got Hacked, Immediately Trading Halt</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“BREAKING: Ankr Got Hacked, Immediately Trading Halt” — CoinCu News" src="https://news.coincu.com/148256-breaking-ankr-got-hacked-trading-halt/embed/#?secret=Ry0CFyGOrI#?secret=oduwuDUJd9" data-secret="oduwuDUJd9" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Trader Joe Expands To Layer-2 Arbitrum</h3>
Trader Joe, a decentralized finance (DeFi) platform, has announced its first extension from Avalanche to the Ethereum ecosystem. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="pcswUr70xZ"><a href="https://news.coincu.com/148274-trader-joe-expands-to-arbitrum/">Trader Joe Expands To Layer-2 Arbitrum</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Trader Joe Expands To Layer-2 Arbitrum” — CoinCu News" src="https://news.coincu.com/148274-trader-joe-expands-to-arbitrum/embed/#?secret=HmueQDnLh5#?secret=pcswUr70xZ" data-secret="pcswUr70xZ" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Coin Signals Scammer Asked To Pay $2.8 Million In Compensation After CFTC Suit</h3>
The United States District Court for the Southern District of New York ordered Jeremy Spence, who as “Coin Signals,” to pay $2.8 million in reparations to victims of a fraudulent operation. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="WdJRO3HYoe"><a href="https://news.coincu.com/148280-coin-signals-asked-pay-28-million/">Coin Signals Scammer Asked To Pay $2.8 Million In Compensation After CFTC Suit</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Coin Signals Scammer Asked To Pay $2.8 Million In Compensation After CFTC Suit” — CoinCu News" src="https://news.coincu.com/148280-coin-signals-asked-pay-28-million/embed/#?secret=7KD567aFal#?secret=WdJRO3HYoe" data-secret="WdJRO3HYoe" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Crypto Hacker Nicholas Truglia Was Jailed For 18 Months</h3>
Nicholas Truglia, a 25-year-old hacker who pled guilty to conspiracy to conduct wire fraud last year, now faces 18 months in jail. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="HIxDW9CrDV"><a href="https://news.coincu.com/148282-nicholas-truglia-18-month/">Crypto Hacker Nicholas Truglia Was Jailed For 18 Months</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Crypto Hacker Nicholas Truglia Was Jailed For 18 Months” — CoinCu News" src="https://news.coincu.com/148282-nicholas-truglia-18-month/embed/#?secret=0mHMmNLmUm#?secret=HIxDW9CrDV" data-secret="HIxDW9CrDV" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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<h3>Magic Eden Launches Tool To Enforce Royalties For NFT Collections</h3>
Magic Eden has become the latest platform to deploy a solution that allows authors to impose royalties on their collections. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="d4d5nzFYnm"><a href="https://news.coincu.com/148398-magic-eden-launches-tool/">Magic Eden Launches Tool To Enforce Royalties For NFT Collections</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Magic Eden Launches Tool To Enforce Royalties For NFT Collections” — CoinCu News" src="https://news.coincu.com/148398-magic-eden-launches-tool/embed/#?secret=wbxmty4TVd#?secret=d4d5nzFYnm" data-secret="d4d5nzFYnm" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights December 2, 2022

<h5>The European Parliament announces an early vote on MiCA, once the MiCA Act is passed and implemented, it will be an important milestone in EU crypto regulation.</h5>
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<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-198.png"><img decoding="async" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/12/image-198-1024x576.png" alt="MiCA" class="wp-image-148650" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-198-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-198-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-198-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-198-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-198-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-198.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="European Parliament Will Soon Vote On Crypto Asset Market Regulation MiCA 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
On December 3, in a recent statement, the <a href="https://news.coincu.com/139614-eu-to-delay-vote-on-mica/" target="_blank" rel="noreferrer noopener">European Parliament </a>said that its members will soon vote on the adoption of the Markets in Crypto Assets regulation (MiCA), and the vote is expected will take place during the plenary session of the legislature.
The parliamentary advisory group stated that the passage of the MiCA bill would create “harmonized rules for cryptocurrencies at the EU level” and that harmonized rules on cryptocurrencies are expected to bring “legal certainty for cryptocurrencies not covered by current EU law”.
In the statement, the EU Parliament also said that the rules would not only strengthen consumer and investor protection, but also “promote innovation and use of crypto assets.”
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-197.png"><img decoding="async" loading="lazy" width="1000" height="667" src="https://news.coincu.com/wp-content/uploads/2022/12/image-197.png" alt="European Parliament" class="wp-image-148646" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-197.png 1000w, https://news.coincu.com/wp-content/uploads/2022/12/image-197-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-197-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-197-750x500.png 750w" sizes="(max-width: 1000px) 100vw, 1000px" title="European Parliament Will Soon Vote On Crypto Asset Market Regulation MiCA 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
The reason why FTX crashes can happen has a lot to do with the lack of oversight for crypto assets in many countries. The MiCA Act not only EU countries with separate regulatory policies will form a unified cryptographic management system, but also affects the encryption laws of countries around the world and accelerate the transition of the global crypto market from the “unbridled growth” to the “regulatory era”.
On 10 October 2022, the European Parliament committee adopted the draft of the MiCA.
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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Foxy
Coincu News

European Parliament Will Soon Vote On Crypto Asset Market Regulation MiCA

<h5>For the first time since the FTX collapse, the Coinbase Premium Index indicator has turned green.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-274.png"><img decoding="async" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/12/image-274.png" alt="Coinbase Premium Index Shows Green For The First Time After FTX Crisis" class="wp-image-148917" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-274.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-274-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-274-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-274-750x422.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Coinbase Premium Index Shows Green For The First Time After FTX Crisis 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
According to CryptoQuant, an on-chain data and analytics company, the Coinbase Premium Index has gone green for the first time since the aftermath of the <a href="https://news.coincu.com/148824-coinbase-ceo-ftx-accounting-error/" target="_blank" rel="noreferrer noopener">FTX</a> collapse, indicating a shift toward an optimistic mood.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-273.png"><img decoding="async" loading="lazy" width="1024" height="641" src="https://news.coincu.com/wp-content/uploads/2022/12/image-273-1024x641.png" alt="Coinbase Premium Index Shows Green For The First Time After FTX Crisis" class="wp-image-148913" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-273-1024x641.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-273-300x188.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-273-768x481.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-273-1536x961.png 1536w, https://news.coincu.com/wp-content/uploads/2022/12/image-273-2048x1282.png 2048w, https://news.coincu.com/wp-content/uploads/2022/12/image-273-750x469.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-273-1140x713.png 1140w" sizes="(max-width: 1024px) 100vw, 1024px" title="Coinbase Premium Index Shows Green For The First Time After FTX Crisis 2"></a><figcaption class="wp-element-caption">Source: CryptoQuant</figcaption></figure></div>
According to the chart above, the indicator fell as low as -0.1937 on the exact same day that the FTX disaster took place when Sam Bankman-Fried’s exchange filed for bankruptcy.
<a href="https://cryptoquant.com/asset/btc/chart/market-data/coinbase-premium-index" target="_blank" rel="noreferrer noopener">Coinbase Premium</a> is the price differential between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair as a measure of whale accumulation. The indicator is used to track the migration of institutional whales.
Historically, the highs and lows of the Coinbase Premium Index have signaled possible strong buys and strong sells from Coinbase.
For example, when the Coinbase Premium reaches high values, it signals Coinbase whales may be accumulating Bitcoin regardless of the high price. However, the reverse also applies when the Index falls to low values, indicating Coinbase whales are either not buying as regularly or possibly selling their coins.
Looking back on the year, the Coinbase Premium Index has switched between red and green just barely, deviating from this pattern only during the two significant capitulation events recorded this year (Luna and FTX). This shows that the selling pressure from investors has been dying down recently, a sign that could prove to be bullish for the price of Bitcoin.
This indicates that investors have not yet made a choice in light of the present market conditions. At the time of writing, <a href="https://coincu.com/currencies/btc-bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a> is trading at $17,000.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM.png"><img decoding="async" loading="lazy" width="1024" height="464" src="https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM-1024x464.png" alt="Coinbase Premium Index Shows Green For The First Time After FTX Crisis" class="wp-image-148916" srcset="https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM-1024x464.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM-300x136.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM-768x348.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM-750x340.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM-1140x516.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/Screen-Shot-2022-12-04-at-5.08.28-PM.png 1203w" sizes="(max-width: 1024px) 100vw, 1024px" title="Coinbase Premium Index Shows Green For The First Time After FTX Crisis 3"></a><figcaption class="wp-element-caption">BTC daily chart. Source: Coincu</figcaption></figure></div>
Since the low below $16,000, Bitcoin has been trying to gradually make some recovery. However, the crypto is currently finding it difficult to leave the $21,000 level.
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

Coinbase Premium Index Shows Green For The First Time After FTX Crisis

<h5><a href="https://news.coincu.com/148717-genesis-owes-customers-of-gemini-900-mil/" target="_blank" rel="noreferrer noopener">Gemini </a>executives said the company has formed a creditor committee to determine whether it can recover $900 million in debt from Genesis, and that returning money to customers is a priority for the company.</h5>
<figure class="wp-block-image aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-373.png"><img decoding="async" width="1024" height="597" src="https://news.coincu.com/wp-content/uploads/2022/12/image-373-1024x597.png" alt="gemini
" class="wp-image-149312" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-373-1024x597.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-373-300x175.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-373-768x448.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-373-750x438.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-373-1140x665.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-373.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Gemini Established Creditor Committee And Prioritize Customer Returns 1"></a><figcaption class="wp-element-caption"> </figcaption></figure>
In a recent post by Cameron Winklevoss, president and CEO of cryptocurrency exchange Gemini, tweeted that Gemini and other creditors have formed a creditor committee to solve problems together.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Earn Update: On Saturday (December 3, 2022), Gemini formed an ad hoc committee with other creditors (Creditor Committee) to coordinate efforts and advocate together for a resolution.— Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1599799190753640451?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 5, 2022</a></blockquote>
</div></figure>
The Committee of Creditors has hired the law firm Kirkland &amp; Ellis as a consultant to represent it. Returning customers’ money is the company’s top priority and the team is working with utmost urgency.
According to previous news, Genesis, a crypto-lending company, owes the Winklevoss brothers $900 million during the crisis from the collapse of FTX.
<figure class="wp-block-image aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-374.png"><img decoding="async" loading="lazy" width="1024" height="578" src="https://news.coincu.com/wp-content/uploads/2022/12/image-374-1024x578.png" alt="gemini
" class="wp-image-149313" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-374-1024x578.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-374-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-374-768x433.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-374-750x423.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-374.png 1051w" sizes="(max-width: 1024px) 100vw, 1024px" title="Gemini Established Creditor Committee And Prioritize Customer Returns 2"></a><figcaption class="wp-element-caption"> </figcaption></figure>
The company is currently trying to recover funds from Genesis, according to people familiar with the matter. Genesis is the main partner of Gemini’s wealth management product The Money Plan, retail investors deposit money to earn a fixed income.
Caught up in the general crisis, Gemini suspended its asset management product acquisition last month.
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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Foxy
Coincu News

Gemini Established Creditor Committee And Prioritize Customer Returns

<h5>Affected by the crash of FTX, the trading volume of major crypto exchanges in November increased 23% to $705 billion. Binance is the exchange with the highest growth rate with 30% this month.</h5>
According to <a href="https://www.bloomberg.com/news/articles/2022-12-05/binance-sees-30-increase-in-trading-activity-amid-ftx-implosion#xj4y7vzkg" target="_blank" rel="noreferrer noopener">Bloomberg</a>, crypto data firm Kaiko indicated in a news release on December 5 that the trading volume of major crypto exchanges in November increased 23% to $705 billion, due to volatility related to FTX, growth was largely driven by Binance.
<figure class="wp-block-image aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-404.png"><img decoding="async" width="892" height="467" src="https://news.coincu.com/wp-content/uploads/2022/12/image-404.png" alt="trading volume
" class="wp-image-149450" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-404.png 892w, https://news.coincu.com/wp-content/uploads/2022/12/image-404-300x157.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-404-768x402.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-404-750x393.png 750w" sizes="(max-width: 892px) 100vw, 892px" title="Trading Volume Of Major Cryptocurrency Exchanges Has Risen 23% Due To The Impact Of FTX 1"></a><figcaption class="wp-element-caption">Binance Gains Market Share</figcaption></figure>
Among them, Binance’s trading activity increased by 30% in November, when FTX’s liquidity crisis ultimately led to its bankruptcy and devastated the crypto market. Although it has been denied many times, Binance is also considered as one of the triggers that made FTX disappear from the market.
As mentioned in an earlier Coincu News article, the catalyst for the collapse was the announcement by Binance CEO Changpeng Zhao (CZ) on November 6 that <a href="https://news.coincu.com/140069-ftt-drops-11-24-hours-as-binance-dump-ftx/" target="_blank" rel="noreferrer noopener">Binance is selling FTT</a> held by them because FTX’s native token is too risky. This caused FTT to undergo a strong flush that caused FTX liquidity to dry up quickly in just 2 days.
<figure class="wp-block-image aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-405.png"><img decoding="async" loading="lazy" width="620" height="349" src="https://news.coincu.com/wp-content/uploads/2022/12/image-405.png" alt="FTX
" class="wp-image-149453" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-405.png 620w, https://news.coincu.com/wp-content/uploads/2022/12/image-405-300x169.png 300w" sizes="(max-width: 620px) 100vw, 620px" title="Trading Volume Of Major Cryptocurrency Exchanges Has Risen 23% Due To The Impact Of FTX 2"></a><figcaption class="wp-element-caption"> </figcaption></figure>
Binance has recently increased its reserve operations and strengthened user trust with operational transparency. Therefore, the collapse of FTX could be a good opportunity for major exchanges such as Binance, Coinbase and Kraken to rise to gain market share and grow.
<blockquote class="wp-block-quote">
“Binance may benefit, despite not having an official headquarters, because it has projected an image of strength through the crisis with the best liquidity of any centralized exchange,”
<cite>According to the newsletter</cite></blockquote>
However, it is also difficult to operate on smaller exchanges due to reduced trading volume from users and institutions that have become wary of these exchanges.
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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Foxy
Coincu News

Trading Volume Of Major Cryptocurrency Exchanges Has Risen 23% Due To The Impact Of FTX

<h5>Robinhood’s trading volume spiked more than 60% to $5.7 billion in November, which was attributed to the collapse of FTX that shared market share with other exchanges.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-573.png"><img decoding="async" width="1024" height="1024" src="https://news.coincu.com/wp-content/uploads/2022/12/image-573-1024x1024.png" alt="robinhood" class="wp-image-150053" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-573-1024x1024.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-300x300.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-150x150.png 150w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-768x768.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-1536x1536.png 1536w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-120x120.png 120w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-75x75.png 75w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-350x350.png 350w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-750x750.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-573-1140x1140.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-573.png 1800w" sizes="(max-width: 1024px) 100vw, 1024px" title="Robinhood Trading Volume Soars 60% In November To $5.7 Billion 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Signs are showing that the severe crash of FTX last month has benefited other major crypto trading platforms, at least in the short term.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Robinhood</a>’s crypto trading surges after <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#FTX</a> meltdown—at least in the short term. In Robinhood's November trading metrics report, its crypto trading volume surged 60% to $5.7 billion.（The Information）— AICoin (@AICoincom) <a href="https://twitter.com/AICoincom/status/1600686354631110659?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 8, 2022</a></blockquote>
</div></figure>
According to <a href="https://www.theinformation.com/articles/robinhood-s-crypto-trading-surges-after-ftx-meltdown-boding-well-for-coinbase" target="_blank" rel="noreferrer noopener">The Information</a>, one example is the stock and crypto trading app Robinhood, which reported November trading figures on Wednesday. Most of the data it reports is similar to the October figures, with the total number of funded accounts growing by just 40,000 accounts to 23 million and equity trading volume down slightly from the previous month. But its crypto trading volume increased 60% to $5.7 billion.
As updated in an earlier Coincu News article, on December 6th, Kaiko, a crypto data company, pointed out that due to the FTX crash, the trading volume of crypto exchanges majors <a href="https://news.coincu.com/149438-trading-volume-major-exchanges-risen-23/" target="_blank" rel="noreferrer noopener">grew 23% in Novembe</a><a href="https://news.coincu.com/149438-trading-volume-major-exchanges-risen-23/" target="_blank" rel="noreferrer noopener">r</a>, with Binance trading activity up 30% in November.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-574.png"><img decoding="async" loading="lazy" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/12/image-574-1024x576.png" alt="FTX " class="wp-image-150054" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-574-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-574-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-574-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-574-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-574.png 1100w" sizes="(max-width: 1024px) 100vw, 1024px" title="Robinhood Trading Volume Soars 60% In November To $5.7 Billion 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
This proves that the collapse of FTX not only brought most of the difficulties to the market, it also brought an opportunity for other crypto exchanges to attract customers from FTX. However, now exchanges also need to have strategies to rebuild trust with investors in the market, which can be difficult and requires a lot of effort.
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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Foxy
Coincu News

Robinhood Trading Volume Soars 60% In November To $5.7 Billion

<h5>Bitcoin mining company Iris Energy faces a class-action lawsuit alleging that it issued a false and seriously misleading Declaration of Registration in support of its IPO.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-868.png"><img decoding="async" width="1024" height="538" src="https://news.coincu.com/wp-content/uploads/2022/12/image-868-1024x538.png" alt="Iris Energy" class="wp-image-151160" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-868-1024x538.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-868-300x158.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-868-768x403.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-868-750x394.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-868-1140x599.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-868.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Miner Iris Energy Sued For Misleading IPO Documents 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
According to <a href="https://www.globenewswire.com/news-release/2022/12/12/2571468/32719/en/Iris-Energy-Limited-IREN-Shareholder-Alert-Robbins-LLP-Reminds-Investors-of-Class-Action-Against-Iris-Energy-Limited.html" target="_blank" rel="noreferrer noopener">Globenewswire</a>, a shareholder of <a href="https://news.coincu.com/144858-iris-energy-uses-miners-as-collateral/" target="_blank" rel="noreferrer noopener">Iris Energy (IREN)</a>, a bitcoin mining company represented by Robbins LLP, has initiated a class-action lawsuit against Iris Energy, accusing Iris Energy of violating the Securities Act of 1933, 1934.
Iris bills herself as the leading owner and operator of proprietary, highly efficient, institutional-grade Bitcoin mining data centers powered by 100% renewable energy.
According to the complaint, Iris conducted its IPO on November 17, 2021, issuing approximately 8.27 million shares at $28.00 a share. However, the Offering Document in support of the IPO was misleading.
Specifically, the offering document does not disclose that some of Iris’ Bitcoin miners are owned through wholly owned special purpose vehicles, which are incapable of generating sufficient cash flow to service meet their respective debt financing obligations.
Robbins said that Iris Energy’s previous IPO documents misrepresented the loan and that the market value of the mining block was much lower than the principal of the loan.
In addition, Iris Energy previously announced that it was discussing a restructuring plan with its creditors, resulting in the company’s share price falling by $0.51 per share (15.04%), to $2.88/share, down nearly 90% from the IPO price.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-870.png"><img decoding="async" loading="lazy" width="1024" height="591" src="https://news.coincu.com/wp-content/uploads/2022/12/image-870-1024x591.png" alt="Iris Energy" class="wp-image-151162" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-870-1024x591.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-870-300x173.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-870-768x443.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-870-750x433.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-870-1140x658.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-870.png 1225w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Miner Iris Energy Sued For Misleading IPO Documents 2"></a><figcaption class="wp-element-caption">IREN Stock Price. Source: Nasdaq</figcaption></figure></div>
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Foxy
Coincu&nbsp;News

Bitcoin Miner Iris Energy Sued For Misleading IPO Documents

<h5>QCP Capital announced that they have about $97 million <a href="https://news.coincu.com/141923-galois-capital-was-stuck-at-ftx/" target="_blank" rel="noreferrer noopener">stuck on FTX</a>, which makes it difficult for the company. They are trying to contact the buyers to make a transfer of ownership.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-1189.png"><img decoding="async" width="1024" height="538" src="https://news.coincu.com/wp-content/uploads/2022/12/image-1189-1024x538.png" alt="QCP Capital" class="wp-image-152424" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-1189-1024x538.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-1189-300x158.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-1189-768x403.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-1189-750x394.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-1189-1140x599.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-1189.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="QCP Capital Has At Least $97 Million Stuck On FTX: The Block 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
According to <a href="https://www.theblock.co/post/194878/qcp-capital-ftx-exposure" target="_blank" rel="noreferrer noopener">The Block</a>, QCP Capital, a Singapore-based crypto exchange, has stuck at least $97 million on FTX after the crypto exchange filed for bankruptcy last month.
In an effort to recoup some cash, QCP is trying to sell claim rights to the frozen funds to struggling property buyers, two sources with knowledge of the matter told The Block.
Last month, QCP Capital said it had exposure to FTX but did not disclose the amount. The company at the time said it had active trading positions on FTX and was able to withdraw “a significant amount of assets” while leaving some assets stranded.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">1/ Like many of our friends and partners in the space, we are deeply saddened by the recent developments regarding FTX. While we had active trading positions on FTX, we were able to successfully withdraw a substantial amount of assets as we unwound our positions there.— QCP Capital (@QCPCapital) <a href="https://twitter.com/QCPCapital/status/1590955395195207680?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 11, 2022</a></blockquote>
</div></figure>
QCP is one of many companies that fell into a death spiral following the sudden collapse of FTX. The exchange alone owes its top 50 creditors $3.1 billion, according to court filings.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-1190.png"><img decoding="async" loading="lazy" width="1024" height="510" src="https://news.coincu.com/wp-content/uploads/2022/12/image-1190-1024x510.png" alt="QCP Capital" class="wp-image-152425" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-1190-1024x510.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-1190-300x149.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-1190-768x382.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-1190-360x180.png 360w, https://news.coincu.com/wp-content/uploads/2022/12/image-1190-750x373.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-1190-1140x567.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-1190.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px" title="QCP Capital Has At Least $97 Million Stuck On FTX: The Block 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Before that, Multicoin Capital, Genesis Block HK, and Galois Capital were said to all have coins stuck on exchanges. The impact on Genesis Block HK was so great that the company closed its over-the-counter business last week after nearly 10 years of strong performance in the market.
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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Foxy
Coincu News

QCP Capital Has At Least $97 Million Stuck On FTX: The Block

<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-1358.png"><img decoding="async" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2022/12/image-1358-1024x576.png" alt="Crypto Market Highlights December 18, 2022" class="wp-image-153047" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-1358-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-1358-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-1358-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-1358-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/image-1358-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/image-1358.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights December 18, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>SBF Donations Are Scrutinized By US Prosecutors</h3>
U.S. federal prosecutors are seeking more information about SBF and two executives working with it to provide political donations to Democratic and Republican lawmakers. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="6aYwLGUxNX"><a href="https://news.coincu.com/152958-sbf-donations-are-scrutinized/">SBF Donations Are Scrutinized By US Prosecutors</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“SBF Donations Are Scrutinized By US Prosecutors” — CoinCu News" src="https://news.coincu.com/152958-sbf-donations-are-scrutinized/embed/#?secret=tu3EiUW9ot#?secret=6aYwLGUxNX" data-secret="6aYwLGUxNX" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>BAYC Scammers Spend Almost 4 Months On Their Plan</h3>
A scam of 14 BAYCs worth more than 852 ETH has been planned for almost 4 months and carried out by cunning, sophisticated people, resulting in investors being hard to spot. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="VqRfF6zkU5"><a href="https://news.coincu.com/152966-bayc-scammers-spend-4-months/">BAYC Scammers Spend Almost 4 Months On Their Plan</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“BAYC Scammers Spend Almost 4 Months On Their Plan” — CoinCu News" src="https://news.coincu.com/152966-bayc-scammers-spend-4-months/embed/#?secret=PFolXev4yf#?secret=VqRfF6zkU5" data-secret="VqRfF6zkU5" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Kevin O’Leary Wants To Invest In Failed Entrepreneurs Like SBF</h3>
One of the sharks on the well-known television program “Shark Tank,” Kevin O’Leary, chooses not to criticize FTX founder Sam Bankman-Fried whether it be in a broadcast interview, at a Senate hearing, or on the microblogging website Twitter. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="mpdGdyz5Xd"><a href="https://news.coincu.com/152960-kevin-oleary-wants-to-invest/">Kevin O’Leary Wants To Invest In Failed Entrepreneurs Like SBF</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Kevin O’Leary Wants To Invest In Failed Entrepreneurs Like SBF” — CoinCu News" src="https://news.coincu.com/152960-kevin-oleary-wants-to-invest/embed/#?secret=Igk8ON1CAL#?secret=mpdGdyz5Xd" data-secret="mpdGdyz5Xd" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>OKX Exchange Stopped Withdrawing For More Than 5 Hours</h3>
On December 18, OKX stated on Twitter that the transaction order and assets of some ports are now unstable owing to the collapse of the cloud service provider. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="Q1n1N4btmy"><a href="https://news.coincu.com/152996-okx-exchange-stopped-withdrawing-5-hours/">OKX Exchange Stopped Withdrawing For More Than 5 Hours</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“OKX Exchange Stopped Withdrawing For More Than 5 Hours” — CoinCu News" src="https://news.coincu.com/152996-okx-exchange-stopped-withdrawing-5-hours/embed/#?secret=6Ke0jnA8wm#?secret=Q1n1N4btmy" data-secret="Q1n1N4btmy" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>National Bank Of Kazakhstan Announces Whitepaper For Its CBDC</h3>
The second phase of testing for the central bank digital currency (CBDC) has been finished by the National Bank of Kazakhstan (NBK), and a whitepaper has been released. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="eCo020upJV"><a href="https://news.coincu.com/152968-kazakhstan-announces-whitepaper-for-cbdc/">National Bank Of Kazakhstan Announces Whitepaper For Its CBDC</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“National Bank Of Kazakhstan Announces Whitepaper For Its CBDC” — CoinCu News" src="https://news.coincu.com/152968-kazakhstan-announces-whitepaper-for-cbdc/embed/#?secret=mdzw2qCh7S#?secret=eCo020upJV" data-secret="eCo020upJV" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights December 18, 2022

<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/image-1608.png"><img decoding="async" width="1024" height="538" src="https://news.coincu.com/wp-content/uploads/2022/12/image-1608.png" alt="Crypto Market Highlights December 21, 2022" class="wp-image-154208" srcset="https://news.coincu.com/wp-content/uploads/2022/12/image-1608.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/image-1608-300x158.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/image-1608-768x404.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/image-1608-750x394.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Market Highlights December 21, 2022 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
<h2 class="has-luminous-vivid-orange-color has-text-color">Crypto Market Highlights News Of The Day</h2>
<h3>Ankr Confirmed ABNBc Token Attack Incident Made By Former Team Members</h3>
The recent report on the aBNBc token hack has been updated by Ankr and states that the perpetrators were identified as former employees of the group. Legal action is currently being taken. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="sxW9681xcf"><a href="https://news.coincu.com/154032-ankr-attack-made-by-former-team-members/">Ankr Confirmed ABNBc Token Attack Incident Made By Former Team Members</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Ankr Confirmed ABNBc Token Attack Incident Made By Former Team Members” — CoinCu News" src="https://news.coincu.com/154032-ankr-attack-made-by-former-team-members/embed/#?secret=0new98wdKV#?secret=sxW9681xcf" data-secret="sxW9681xcf" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Bitcoin Miner Core Scientific Filed For Chapter 11 Bankruptcy Protection</h3>
According to a familiar person with the company’s finances, Core Scientific, one of the biggest publicly traded crypto mining businesses in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early on Wednesday morning. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="7vln50l9PP"><a href="https://news.coincu.com/154063-core-scientific-filed-chapter-11-bankruptcy/">Bitcoin Miner Core Scientific Filed For Chapter 11 Bankruptcy Protection</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Bitcoin Miner Core Scientific Filed For Chapter 11 Bankruptcy Protection” — CoinCu News" src="https://news.coincu.com/154063-core-scientific-filed-chapter-11-bankruptcy/embed/#?secret=7aAen2ranh#?secret=7vln50l9PP" data-secret="7vln50l9PP" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>FTX CEO Discovers $1 Billion In Cash In Custody</h3>
FTX CEOs discovered large amounts of the company’s cash was being stored in hundreds of offshore accounts. This amount is currently being recovered. The bankruptcy process of the collapsed crypto company was fraught with obstacles due to its poor record and complicated financial situation. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="yhLOTB4Mri"><a href="https://news.coincu.com/154082-ftx-ceo-discovers-1b-in-cash-in-custody/">FTX CEO Discovers $1 Billion In Cash In Custody</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“FTX CEO Discovers $1 Billion In Cash In Custody” — CoinCu News" src="https://news.coincu.com/154082-ftx-ceo-discovers-1b-in-cash-in-custody/embed/#?secret=BPcUpR6WsF#?secret=yhLOTB4Mri" data-secret="yhLOTB4Mri" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>SBF Grants Are Being Returned By Media Organizations</h3>
Following the Justice Department’s filing of charges against the cryptocurrency tycoon last week, certain media firms that received funding from Sam Bankman-Fried (SBF) or his foundation have declared steps to refund or freeze the funds. The business tycoon is accused of utilizing clients’ money while also committing fraud, money laundering, and providing a false financial image of his company. He might be deported to the United States. For more specific information, you can read the article below:
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<blockquote class="wp-embedded-content" data-secret="HYEtPhFYBt"><a href="https://news.coincu.com/154136-sbf-grants-are-being-returned/">SBF Grants Are Being Returned By Media Organizations</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“SBF Grants Are Being Returned By Media Organizations” — CoinCu News" src="https://news.coincu.com/154136-sbf-grants-are-being-returned/embed/#?secret=dOmEvOGuhM#?secret=HYEtPhFYBt" data-secret="HYEtPhFYBt" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
<h3>Raydium Offers Attacker More Than 15% Of Stolen Funds As Whitehat Bounty</h3>
In an effort to hasten recovery, DEX Raydium, located in Solana, said that it would raise the whitehat bug bounty offered to the protocol attacker. For more specific information, you can read the article below:
<figure class="wp-block-embed is-type-wp-embed is-provider-coincu-news wp-block-embed-coincu-news"><div class="wp-block-embed__wrapper">
<blockquote class="wp-embedded-content" data-secret="MlFWADeo97"><a href="https://news.coincu.com/154140-raydium-offers-attacker/">Raydium Offers Attacker More Than 15% Of Stolen Funds As Whitehat Bounty</a></blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Raydium Offers Attacker More Than 15% Of Stolen Funds As Whitehat Bounty” — CoinCu News" src="https://news.coincu.com/154140-raydium-offers-attacker/embed/#?secret=7QqbyCAmg6#?secret=MlFWADeo97" data-secret="MlFWADeo97" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
</div></figure>
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Harold
Coincu News

Crypto Market Highlights December 21, 2022

Key Points:
<ul>
<li>Since the demise of FTX, Binance, the biggest cryptocurrency exchange in the world, has had to contend with a deluge of FUD. Through its most recent blog post, the company is now retaliating.</li>
<li>It was noticed that these audits often focus on the listed company’s financial status rather than confirming reserve assets.</li>
<li>The blog post concluded by restating CEO Changpeng Zhao’s assertion that Binance not only destroyed FTX but also did it of its own volition.</li>
</ul>
<h5>Since the demise of FTX, Binance, the biggest cryptocurrency exchange in the world, has had to contend with a deluge of FUD. Through its most recent blog post, the company is now retaliating.</h5>
<div class="wp-block-image is-style-default">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD.png"><img decoding="async" width="1024" height="576" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674024975447.png" alt="Binance Addresses 7 Incidents Of Recent FUD" class="wp-image-154677" srcset="https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD-1536x864.png 1536w, https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2022/12/Binance-Addresses-7-Incidents-Of-Recent-FUD.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" title="Binance Addresses 7 Incidents Of Recent FUD 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Binance issued a <a href="https://www.binance.com/zh-CN/blog/community/%E7%9B%B4%E9%9D%A2fud%EF%BD%9C%E5%AF%B9%E4%BA%8E%E8%BF%91%E6%9C%9F%E5%AA%92%E4%BD%93%E5%8F%8A%E7%A4%BE%E5%8C%BA%E8%B4%A8%E7%96%91%E7%9A%84%E5%9B%9E%E5%BA%94-6174048639837904159" target="_blank" data-type="URL" data-id="https://www.binance.com/zh-CN/blog/community/%E7%9B%B4%E9%9D%A2fud%EF%BD%9C%E5%AF%B9%E4%BA%8E%E8%BF%91%E6%9C%9F%E5%AA%92%E4%BD%93%E5%8F%8A%E7%A4%BE%E5%8C%BA%E8%B4%A8%E7%96%91%E7%9A%84%E5%9B%9E%E5%BA%94-6174048639837904159" rel="noreferrer noopener">blog post</a> in Chinese on December 22 that clarified seven essential points. There was no English-language version accessible at the time this article was written.
The temporary halt to USDC withdrawals earlier this month was the first of them. The exchange consolidated its stablecoin reserves into BUSD, it said and did this during a “token swap” conversion period.
The availability of sufficient reserves for withdrawals was the next issue it addressed. It affirmed that “all users’ assets in Binance are supported 1:1” and that the company’s financial situation was sound due to the substantial earnings it derives from transaction fees. CryptoQuant examined Binance’s reserves on December 16 and found no evidence of “FTX-like” behavior.
<blockquote class="wp-block-quote">
“Binance will not embezzle users’ funds for any transactions or investments, nor does it have any debts, nor is it on the list of creditors of any company that has recently gone bankrupt.”
</blockquote>
According to the report, encrypted on-chain verification is a new industry that these corporations might not be able to handle, which is why Mazars and the “big four” auditing firms have refused to engage with crypto companies.
It was noticed that these audits often focus on the listed company’s financial status rather than confirming reserve assets.
<h2 class="has-luminous-vivid-orange-color has-text-color">Mazars has taken the Binance audit reports off its website</h2>
<div class="wp-block-image is-style-default">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2022/12/Mazars-has-taken-the-Binance.png"><img decoding="async" loading="lazy" width="864" height="485" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674024976175.png" alt="Mazars has taken the Binance" class="wp-image-154678" srcset="https://news.coincu.com/wp-content/uploads/2022/12/Mazars-has-taken-the-Binance.png 864w, https://news.coincu.com/wp-content/uploads/2022/12/Mazars-has-taken-the-Binance-300x168.png 300w, https://news.coincu.com/wp-content/uploads/2022/12/Mazars-has-taken-the-Binance-768x431.png 768w, https://news.coincu.com/wp-content/uploads/2022/12/Mazars-has-taken-the-Binance-750x421.png 750w" sizes="(max-width: 864px) 100vw, 864px" title="Binance Addresses 7 Incidents Of Recent FUD 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Binance added that since it was a private firm rather than a publicly traded one, it was exempt from disclosure requirements.
<blockquote class="wp-block-quote">
“In many jurisdictions where we operate, we have shared or are sharing operational and financial information as required by local regulators.”
</blockquote>
According to Binance, the company has been the target of sensational reporting from the mainstream media for quite some time in response to a Reuters report asserting that the U.S. Department of Justice was looking into the business. In addition, it stated that it spent the most money battling cryptocurrency crime and had the most compliance licenses globally.
The blog post concluded by restating CEO Changpeng Zhao’s assertion that Binance not only destroyed FTX but also did it of its own volition. Binance stated before adding, “We are more focused on continually promoting and extending industry adoption,” that it does not view other exchanges as competitors.
There you have it, then. Although the FUD has been debunked, investors have left the exchange in recent weeks as they shifted to the self-custody of their cryptocurrency assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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Annie
Coincu News

Binance Addresses 7 Incidents Of Recent FUD

Key Points:
<ul>
<li>The<a href="https://news.coincu.com/147413-israels-suggests-guidelines-for-crypto/" target="_blank" rel="noreferrer noopener"> Israel Securities Authority</a> has proposed incorporating digital assets into existing securities regulations.</li>
<li>According to the proposal, it is likely to consider most cryptocurrencies as financial investments subject to ISA regulation.</li>
<li>Authority proposals are open for comment until February 12.</li>
</ul>
<h5>The Israel Securities Authority (ISA) is establishing a<a href="https://www.isa.gov.il/%D7%97%D7%A7%D7%99%D7%A7%D7%94%20%D7%95%D7%90%D7%9B%D7%99%D7%A4%D7%94/Legislation/Proposed%20Legislation/Suggestions/Documents/digital.pdf" target="_blank" rel="noreferrer noopener"> new regulatory structure</a> for digital assets, placing these assets under regulatory scrutiny could bring more transparency to the industry.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-261.png"><img decoding="async" width="1024" height="512" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025067540.png" alt="Israel Securities Authority Establishes New Legal Structure For Digital Assets" class="wp-image-157943" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-261.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-261-300x150.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-261-768x384.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-261-360x180.png 360w, https://news.coincu.com/wp-content/uploads/2023/01/image-261-750x375.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="Israel Securities Authority Establishes New Legal For Digital Assets 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
The Israel Securities Authority (ISA) is working to create a new regulatory framework for digital assets that mainly falls within its purview, which might provide the sector more clarity.
According to the plan, to incorporate “digital assets” into the existing securities legislation, potentially designating the majority of cryptocurrencies as financial investments subject to ISA control. The amendments would add digital assets to the current category of “financial instruments” in Israeli securities law and define them as digital representations of value that are utilized for financial investment and that can be exchanged using a distributed ledger.
According to the agency, this initiative aims to safeguard investors while simultaneously enabling the unique benefits of cryptocurrencies. Although some activities involving digital assets are already subject to existing securities rules, the ISA claims that the requirements may be challenging to implement in their current form.
The ISA’s chairperson, Anat Guetta, has made it apparent that she doesn’t perceive much of a difference between cryptocurrencies and securities, following the lead of Gary Gensler, the chairman of the U.S. Securities and Exchange Commission.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-262.png"><img decoding="async" loading="lazy" width="1024" height="683" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025069363.png" alt="Israel Securities Authority Establishes New Legal Structure For Digital Assets" class="wp-image-157945" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-262-1024x683.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-262-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-262-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-262-1536x1025.png 1536w, https://news.coincu.com/wp-content/uploads/2023/01/image-262-750x500.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-262-1140x760.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/image-262.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" title="Israel Securities Authority Establishes New Legal For Digital Assets 2"></a><figcaption class="wp-element-caption">The ISA’s chairperson, Anat Guetta</figcaption></figure></div>
The authority’s plan asks for public feedback until February 12 and specifies a six-month window before it would fully take effect following approval. The ISA has also made an effort to keep in mind the need for laws to be adaptable to deal with advancements in the technology underlying crypto assets.
The agency emphasized in this week’s recommendation that the business has been seriously harmed by high-profile failures, including Celsius’ demise, which had sizable operations in Israel.
This new move by the nation’s securities watchdog follows the Ministry of Finance’s decision to issue a series of proposals for regulating digital assets in November, intending to advance Israel’s entry into the market.
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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Foxy
Coincu&nbsp;News

Israel Securities Authority Establishes New Legal For Digital Assets

Key Points:
<ul>
<li>Juno clients are advised to manage their assets as the company is still determining the situation of custodial partner Wyre.</li>
<li>The action comes after crypto company Wyre announced it<a href="https://news.coincu.com/157898-wyre-admits-close-end-services-january/" target="_blank" rel="noreferrer noopener"> would be liquidating</a>.</li>
<li>Juno’s team has begun looking to work with a new guardian.</li>
</ul>
<h5>Cryptocurrency bank Juno recently advised its clients about self-managing assets. Juno clients are advised to manage their digital assets themselves or sell them for cash as the company is working to move client funds to a new custodian.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-314.png"><img decoding="async" width="1024" height="576" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025155860.png" alt="Juno Clients Should Self-Manage Assets Due to Wyre Partner Risks" class="wp-image-158261" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-314-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-314-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-314-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-314-1536x864.png 1536w, https://news.coincu.com/wp-content/uploads/2023/01/image-314-2048x1152.png 2048w, https://news.coincu.com/wp-content/uploads/2023/01/image-314-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-314-1140x641.png 1140w" sizes="(max-width: 1024px) 100vw, 1024px" title="Juno Clients Should Self-Manage Assets Due To Wyre Partner Risks 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
It is reported that this action follows the announcement by Juno’s current manager that Wyre is downsizing its operations and will be liquidating. Services will also be available in January 2023.
Facing a market crisis since the collapse of FTX, cryptocurrencies witnessed a sharp decline, and a series of companies, funds, and projects faced liquidity difficulties. Many companies have had to choose liquidation solutions and file for bankruptcy.
<blockquote class="wp-block-quote has-small-font-size">
“We are switching custodians because we expect potential issues with Wyre given they might be scaling back or winding down,”
<cite>Deshpande told CoinDesk.</cite></blockquote>
Juno CEO and co-founder Varun Deshpande also said the company is looking for a new supervisor. Migration of client funds from Wyre to the new custodian will be complete in the next few weeks.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-315.png"><img decoding="async" loading="lazy" width="1024" height="410" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025157235.png" alt="Juno Clients Should Self-Manage Assets Due to Wyre Partner Risks" class="wp-image-158262" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-315-1024x410.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-315-300x120.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-315-768x307.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-315-1536x614.png 1536w, https://news.coincu.com/wp-content/uploads/2023/01/image-315-750x300.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-315-1140x456.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/image-315.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" title="Juno Clients Should Self-Manage Assets Due To Wyre Partner Risks 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Once valued at $1.5 billion, Wyre has experienced significant headwinds in recent months. In September, one-click payment company Bolt abandoned an acquisition agreement with the company. Then, in December, Axios reported that Wyre allegedly told employees it would liquidate and terminate its services in January.
As updated in <a href="https://news.coincu.com/129856-juno-raises-18m-series-a-launches-tokens/" target="_blank" rel="noreferrer noopener">an earlier Coincu News article</a>, in full October 2022 crypto checking account provider Juno raised $18 million in Series A funding and launched a native token, JCOIN, as part of its encrypted loyalty program and is offering token airdrops to existing users.
The company also launched its native token, JCOIN to launch its first encrypted loyalty program. JCOIN will only be distributed to verified account holders. Juno members can earn JCOIN for receiving salary in crypto or spending crypto with their Juno debit card.
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.
Join us to keep track of news:&nbsp;<a href="https://linktr.ee/coincu" target="_blank" rel="noreferrer noopener">https://linktr.ee/coincu</a>
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Foxy
Coincu News

Juno Clients Should Self-Manage Assets Due To Wyre Partner Risks

Key Points:
<ul>
<li><a href="https://news.coincu.com/144612-mas-failed-protect-users-from-ftx-risks/" target="_blank" rel="noreferrer noopener">The MAS</a> has increased the collateral requirements for risky assets such as cryptocurrencies from 1:1 to 1.25:1.</li>
<li>This is the latest attempt to protect crypto investors from market crash risks.</li>
<li>The collapse of FTX has also caused many Singapore-based companies to suffer heavy losses and even go bankrupt.</li>
</ul>
<h5>In an effort to protect investors in the crypto market, MAS has increased the collateral requirement for risky assets such as cryptocurrencies from 1:1 to 1.25:1.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-487.png"><img decoding="async" width="1024" height="683" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025326361.png" alt="MAS Has Increased Crypto Collateral Requirements Up 1.25:1 To Heal Risk" class="wp-image-158826" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-487-1024x683.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-487-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-487-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-487-1536x1025.png 1536w, https://news.coincu.com/wp-content/uploads/2023/01/image-487-2048x1366.png 2048w, https://news.coincu.com/wp-content/uploads/2023/01/image-487-750x500.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-487-1140x760.png 1140w" sizes="(max-width: 1024px) 100vw, 1024px" title="MAS Has Increased Crypto Collateral Requirements Up 1.25:1 To Heal Risk 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
This means that for every dollar of crypto, financial institutions need to hold $1.25 in regular cash to ensure that there are enough reserves to cover losses or other problems.
In a recent statement, Tharman Shanmugaratnam, Senior Minister of the Monetary Authority of Singapore (MAS), explained that until the framework is finalized, MAS requires Singapore-registered banks to accept 1,250 % for high-risk crypto assets like Bitcoin and Ethereum.
<blockquote class="wp-block-quote has-small-font-size">
“Pending the finalization of the framework, MAS requires Singapore-incorporated banks to apply a 1,250 percent risk weight for exposures to riskier crypto assets such as bitcoin and ether. Based on MAS’ minimum total capital adequacy requirement of ten percent for systemically important banks incorporated in Singapore, Singapore-incorporated banks are required to hold $125 of capital against an exposure of $100 to a crypto asset like bitcoin.”
<cite>He said.</cite></blockquote>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-488.png"><img decoding="async" loading="lazy" width="1024" height="576" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025328681.png" alt="MAS Has Increased Crypto Collateral Requirements Up 1.25:1 To Heal Risk" class="wp-image-158827" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-488-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-488-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-488-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-488-1536x864.png 1536w, https://news.coincu.com/wp-content/uploads/2023/01/image-488-2048x1152.png 2048w, https://news.coincu.com/wp-content/uploads/2023/01/image-488-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-488-1140x641.png 1140w" sizes="(max-width: 1024px) 100vw, 1024px" title="MAS Has Increased Crypto Collateral Requirements Up 1.25:1 To Heal Risk 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
According to MAS, the minimum capital adequacy ratio requirement for systemically important banks established in Singapore is 10%, which means for every $100 of crypto asset exposure held by banks holding, they must have $125 of capital.
<blockquote class="wp-block-quote has-small-font-size">
“For less risky crypto assets, such as tokenized corporate bonds that meet a set of conditions to ensure that they pose the same level of financial risks as traditional corporate bonds, the prudential treatment is similar to that of the conventional non-tokenized asset. “
<cite>Shanmugaratnam further stated.</cite></blockquote>
<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="900" height="506" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025330527.png" alt="MAS Has Increased Crypto Collateral Requirements Up 1.25:1 To Heal Risk" class="wp-image-158828" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-489.png 900w, https://news.coincu.com/wp-content/uploads/2023/01/image-489-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-489-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-489-750x422.png 750w" sizes="(max-width: 900px) 100vw, 900px" title="MAS Has Increased Crypto Collateral Requirements Up 1.25:1 To Heal Risk 3"><figcaption class="wp-element-caption"> </figcaption></figure></div>
Singapore is also one of the countries witnessing quite severe consequences in the recent collapse of the mighty FTX empire. The company collapsed in mid-November and has created huge ripples through the crypto arena. The company has caused many other companies, such as Block Fi, to be badly affected and file for bankruptcy.
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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Foxy
Coincu&nbsp;News

MAS Has Increased Crypto Collateral Requirements Up 1.25:1 To Heal Risk

Key Points:
<ul>
<li>The new Argentinian bill promotes public ownership of crypto assets through tax incentives.</li>
<li>The draft law was created to solve the problem of money laundering.</li>
<li>Those who voluntarily declare their crypto holdings within 90 days of the law’s entry into force will only have to pay a capital gains tax of 2.5% compared to the standard tax rate of 15%.</li>
</ul>
<h5>The New Argentinian bill promotes their citizens’ public ownership of electronic assets. The bill could soon be implemented to combat money laundering.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-644.png"><img decoding="async" width="1024" height="576" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674026937874.png" alt="A New Argentinian Bill Promotes Electronic Crypto Asset Disclosure With A Tax Rate Of 2.5%" class="wp-image-159640" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-644-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-644-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-644-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-644-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-644-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/image-644.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px" title="A New Argentinian Bill Promotes Electronic Crypto Asset Disclosure With A Tax Rate Of 2.5% 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
The overseer of Argentina’s economic policy, the Ministry of Economy, <a href="https://www.errepar.com/blanqueo-de-capitales-proyecto-de-ley-al-congreso" target="_blank" rel="noreferrer noopener">has created</a> a bill to entice Argentines to report their bitcoin holdings by offering them reduced tax rates.
According to a Jan. 6 report by regional publication Errepar, Economy Minister Sergio Massa introduced the “Externalization of Argentine Savings” draft law, which aims to combat money laundering.
The measure would force cryptocurrency owners to provide the government with an affidavit, which is a sworn statement indicating the location of their holdings.
To entice people to disclose their holdings, the measure suggests tax incentives.
Within 90 days of the law’s implementation, those who voluntarily register their assets will only be required to pay a 2.5% capital gains tax on their cryptocurrency holdings. Every 90 days, this tax rate will rise a little bit until it reaches the ordinary capital gains tax rate of 15% for the nation.
The bill also aims to encourage Argentinians to claim holdings of other financial assets that bear capital gains, such as fiat currencies, stocks, stocks, real estate and even furniture.
The proposed regulation would require deposits of both domestic and foreign shares in Argentina-approved banks or in foreign institutions under the control of that nation’s central bank or securities commission.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-645.png"><img decoding="async" loading="lazy" width="1024" height="683" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674026940287.png" alt="A New Argentinian Bill Promotes Electronic Crypto Asset Disclosure With A Tax Rate Of 2.5%" class="wp-image-159641" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-645-1024x683.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-645-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-645-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-645-750x500.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-645-1140x760.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/image-645.png 1500w" sizes="(max-width: 1024px) 100vw, 1024px" title="A New Argentinian Bill Promotes Electronic Crypto Asset Disclosure With A Tax Rate Of 2.5% 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Recently, Argentina’s largest banks have accepted cryptocurrencies and allowed their customers to start buying four cryptocurrencies including Bitcoin through their accounts at the bank.
Argentina’s largest and second largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to buy cryptocurrencies.
Allowing customers to buy Bitcoin and other cryptocurrencies through a bank could save Argentinians from the country’s terrible inflation.
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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Foxy
Coincu News

A New Argentinian Bill Promotes Electronic Crypto Asset Disclosure With A Tax Rate Of 2.5%

Key Points:
<ul>
<li><a href="https://news.coincu.com/154737-btc-price-could-be-near-the-bottom-history/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC) </a>has crossed the $18,000 mark ahead of the December 2022 US CPI announcement.</li>
<li>The whole market witnessed a strong recovery.</li>
<li>Experts expect that the inflation rate will continue to fall to 6.5% after announcing the December CPI results.</li>
</ul>
<h5>Ahead of the release of the results of the inflation gauge, <a href="https://news.coincu.com/151680-us-cpi-dips-to-7-1-market-positively/" target="_blank" rel="noreferrer noopener">the US CPI</a>, Bitcoin, and the entire electronic filling market are all positive recording signs.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" width="1024" height="396" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025559319.png" alt="Bitcoin Soars To $18,000 Before December 2022 CPI Results" class="wp-image-159808" srcset="https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.24.36-1024x396.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.24.36-300x116.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.24.36-768x297.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.24.36-1536x595.png 1536w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.24.36-2048x793.png 2048w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.24.36-750x290.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.24.36-1140x441.png 1140w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Soars To $18,000 Before December 2022 CPI Results 1"><figcaption class="wp-element-caption">Source: Coin360</figcaption></figure></div>
The consumer price index (CPI) is a gauge of an economy’s inflation. The US CPI releases have consistently influenced the volatility of cryptocurrencies in 2022 since it is thought to have a direct bearing on the US Federal Reserve’s choices about interest rate adjustments (Fed). The US stock market and the cryptocurrency sector were badly impacted by the Fed’s decision to raise interest rates from 0.25% to 4.5% in 2022 due to the ongoing rise in inflation.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.31.10.png"><img decoding="async" loading="lazy" width="1024" height="550" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025560227.png" alt="Bitcoin Soars To $18,000 Before December 2022 CPI Results" class="wp-image-159815" srcset="https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.31.10-1024x550.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.31.10-300x161.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.31.10-768x413.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.31.10-750x403.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.31.10-1140x613.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.31.10.png 1425w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Soars To $18,000 Before December 2022 CPI Results 2"></a><figcaption class="wp-element-caption">United States Consumer Price Index (CPI). Source: Trading Economics</figcaption></figure></div>
The consumer price inflation rate in the US eased for a fifth straight month to 7.1% in November 2022, the lowest since December 2022 and below market expectations of 7.3%. Still, the latest reading remained well above the US Federal Reserve’s 2% target. On a monthly basis, the non-seasonally adjusted CPI edged down 0.1% to 297.711 points, while the seasonally adjusted index was up 0.1%, the least in three months and also below consensus of 0.3%. According to the most recent CPI report for December 2022, experts predict inflation will continue to decline to 6,5%.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.33.15.png"><img decoding="async" loading="lazy" width="1024" height="530" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025560998.png" alt="Bitcoin Soars To $18,000 Before December 2022 CPI Results" class="wp-image-159816" srcset="https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.33.15-1024x530.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.33.15-300x155.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.33.15-768x398.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.33.15-750x388.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.33.15-1140x590.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.33.15.png 1505w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Soars To $18,000 Before December 2022 CPI Results 3"></a><figcaption class="wp-element-caption">United States Core Inflation Rate. Source: Trading Economics</figcaption></figure></div>
If this happens, the Fed will certainly be pressured to slow down the pace of interest rate hikes, although the agency, in its latest report, still set expectations for further rate hikes in 2023 with a full-year target of 5.1%.
In the face of market optimism, Bitcoin (BTC) surged to $18,297, the highest value threshold reached by the world’s leading cryptocurrency since December 15, 2022, when the market reacted positively before the news that the Fed cooled down the interest rate hike. Compared to the opening price of 2023 at $16,541, BTC has now gained over 10.6%.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46.png"><img decoding="async" loading="lazy" width="1024" height="464" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674025561706.png" alt="Bitcoin Soars To $18,000 Before December 2022 CPI Results" class="wp-image-159817" srcset="https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46-1024x464.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46-300x136.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46-768x348.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46-1536x695.png 1536w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46-2048x927.png 2048w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46-750x339.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/Anh-man-hinh-2023-01-12-luc-09.32.46-1140x516.png 1140w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Soars To $18,000 Before December 2022 CPI Results 4"></a><figcaption class="wp-element-caption">24h BTC price chart. Source: <a href="https://coincu.com/currencies/btc-bitcoin/" target="_blank" rel="noreferrer noopener">Coincu.com</a></figcaption></figure></div>
The second largest coin in the market, Ethereum (ETH), has also returned to the $1,418 mark, up 11.4% in the last three days.
Even so, most other large-cap altcoins have only slightly moved up, showing that attention is still focused on BTC and ETH.
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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Bitcoin Soars To $18,000 Before December 2022 CPI Results

Key Points:
<ul>
<li>Recently, <a href="http://El Salvador Was Surpassed By Australia On The Top Largest Crypto ATM Hub Rankings" target="_blank" rel="noreferrer noopener">El Salvador </a>approved a digital asset issuance law, paving the way for Bitcoin bonds advocated by President Nayib Bukele.</li>
<li>The new law provides legal certainty for transferring any digital asset offered for sale in the country.</li>
<li>El Salvador has been preparing for Bitcoin bonds since at least the beginning of 2022.</li>
</ul>
<h5>In an official <a href="https://www.elsalvador.com/noticias/nacional/asamblea-legislativa/1031174/2023/" target="_blank" rel="noreferrer noopener">announcement</a>, El Salvador approved a digital asset issuance law that brings the country closer to Bitcoin bonds.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-702-1024x576.png"><img decoding="async" width="1024" height="576" src="https://news.coincu.com/wp-content/uploads/2023/01/image-702-1024x576.png" alt="El Salvador Approved Digital Asset Issuance Law, New Step For Bitcoin Bonds" class="wp-image-159827" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-702-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-702-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-702-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-702-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-702-1140x641.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/image-702.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px" title="El Salvador Approved Digital Asset Issuance Law, New Step For Bitcoin Bonds 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
It also established a new government agency to regulate digital assets in El Salvador.
The Executive promoted this motion, which was introduced into parliament last November. According to article 3 of the proposal, digital asset is a digital representation that can be stored and transferred electronically, using a Distributed Recording Technology system or similar or similar technology, where the records are linked and encrypted to protect the security and privacy of the transactions.
According to the ruling party, the new law provides certainty in transferring digital asset offerings to the public in El Salvador.
For opposition delegates, however, the regulations facilitated money laundering and tax evasion and left the Nayib Bukele government more indebted.
It is reported that El Salvador has been preparing for Bitcoin bonds since at least the beginning of 2022. The law will open favorable conditions for Bitcoin bonds, such as the “Volcán” bond that President Bukele introduced since the law’s inception. Bitcoin is a legal tender in El Savior.
<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://cdn-pro.elsalvador.com/wp-content/uploads/2022/12/plenaria-asamblea-legislativa-reforma-pensiones-17.jpg" alt="El Salvador Approved Digital Asset Issuance Law, New Step For Bitcoin Bonds" title="El Salvador Approved Digital Asset Issuance Law, New Step For Bitcoin Bonds 2"><figcaption class="wp-element-caption"> </figcaption></figure></div>
Digital asset service providers in El Salvador must complete the registration process and comply with the proposed law’s provisions.
These entities must provide a list of the digital assets they intend to issue, including the “benefits and limitations” of those assets. They must also demonstrate cybersecurity precautions and customer service capabilities and provide the names and titles of company employees. In addition, digital asset issuers must also disclose information about the jurisdiction or country in which they operate.
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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El Salvador Approved Digital Asset Issuance Law, New Step For Bitcoin Bonds

Key Points:
<ul>
<li>5 major Korean exchanges under DAXA have embarked on developing common standards for delisting.</li>
<li>Common standards will become self-discipline to prevent unhealthy assets and avoid the loss of investors.</li>
<li>A system for alerting sudden fluctuations in price, trading volume, and deposit amounts for specific commodities is also being developed.</li>
</ul>
<h5>The major Korean exchanges under <a href="https://news.coincu.com/150438-waves-denied-daxa-investment-risk-claims/" target="_blank" rel="noreferrer noopener">DAXA</a> have joined hands to establish common standards for delisting. The purpose of the expected standard for tokens to be secure is to avoid losses for investors.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-718.png"><img decoding="async" width="600" height="400" src="https://news.coincu.com/wp-content/uploads/2023/01/image-718.png" alt="5 Big Exchanges Of DAXA Developed Common Standards For Delisting" class="wp-image-159882" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-718.png 600w, https://news.coincu.com/wp-content/uploads/2023/01/image-718-300x200.png 300w" sizes="(max-width: 600px) 100vw, 600px" title="5 Big Exchanges Of DAXA Developed Common Standards For Delisting 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
According to <a href="https://www.yna.co.kr/view/AKR20230112080400002?input=1195m" target="_blank" rel="noreferrer noopener">Yonhap News Agency</a>, Digital Asset eXchange Alliance (DAXA), formed by five major cryptocurrency exchanges in South Korea, including Upbit, Bitsum, Coinone, Corbit, and Gopax, will develop common standards for grading end support for crypto asset trading (delisting).
DAXA Secretary General Kim announced at the policy seminar “The State and Challenges of Digital Asset Self-Regulation” held in the Digital Assets Small Conference Room.
<blockquote class="wp-block-quote has-small-font-size">
“This will become a voluntary discipline to prevent unhealthy assets that do not meet the minimum conditions from circulating in the market without restricting the ability of individual practitioners to compete, thereby stopping losing investors. We have prepared detailed assessment categories for each risk, validating these categories by applying them to past problem cases.”
<cite>Secretary General Kim said</cite></blockquote>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-717.png"><img decoding="async" loading="lazy" width="600" height="400" src="https://news.coincu.com/wp-content/uploads/2023/01/image-717.png" alt="5 Big Exchanges Of DAXA Developed Common Standards For Delisting" class="wp-image-159881" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-717.png 600w, https://news.coincu.com/wp-content/uploads/2023/01/image-717-300x200.png 300w" sizes="(max-width: 600px) 100vw, 600px" title="5 Big Exchanges Of DAXA Developed Common Standards For Delisting 2"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
It is also developing a system that will provide alert notifications in the event of sudden fluctuations in price, trading volume, and deposit amounts for specific commodities.
In addition, DAXA announced that it would implement self-regulatory regulations in digital assets through close consultation with the National Assembly and financial agencies that support and monitor the market. Consultants have primary responsibility for compliance education and monitoring, and a joint self-regulatory plan is being developed.
Before that, in October last year, it was reported that DAXA officially implemented the general guidelines for currency listing consideration on October 10.
On December 7, DAXA’s delisting of the game developer’s native token WEMIX at Wemade sparked a <a href="https://news.coincu.com/146107-ceo-of-wemade-speaks-out/" target="_blank" rel="noreferrer noopener">major legal controversy</a>. Although WEMIX has received the delisting result, it also signals that the introduction of standard regulations is necessary.
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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Coincu News

5 Big Exchanges Of DAXA Developed Common Standards For Delisting

Key Points:
<ul>
<li><a href="https://news.coincu.com/156135-executive-south-korean-crypto-exchange/" target="_blank" rel="noreferrer noopener">South Korea </a>has ordered another serious handling of 5 serious crimes related to virtual assets.</li>
<li>The prosecutor’s office will also increase the investigation and handling of illegal private financial crimes, which are also rising.</li>
<li>Prosecutors are also planning to intensively investigate crimes of poor quality and cause significant damage, arrest those involved and actively take away criminal assets.</li>
</ul>
<h5>In the latest effort to establish order and ensure safety for investors, South Korea has ordered severe punishment for five significant crimes related to virtual assets.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-786.png"><img decoding="async" width="1024" height="574" src="https://news.coincu.com/wp-content/uploads/2023/01/image-786.png" alt="South Korea Has Ordered Strict Sanctions For 5 Serious Crimes Related To Virtual Assets" class="wp-image-160434" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-786.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-786-300x168.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-786-768x431.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-786-750x420.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="South Korea Has Ordered Strict Sanctions For 5 Serious Crimes Related To Virtual Assets 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Today, Korea’s highest prosecutor’s office held a “Meeting of Full-time Prosecutors of the National Prosecutor’s Office to Deal with Crimes That Caused Much Damage to the People” to discuss the eradication of virtual property crimes and illegal private financial crimes, according to <a href="https://www.yna.co.kr/view/AKR20230113065400004?input=1195m" target="_blank" rel="noreferrer noopener">Korean media</a>.
The meeting was attended by 32 full-time prosecutors assigned to 27 public prosecutor’s offices across the country.
At the meeting, the Supreme Prosecutors’ Office identified “five types of cybercrime” that the prosecution will focus on going forward. These include investment fraud using the development of virtual currencies and NFTs as bait, pyramid schemes targeting the elderly linking real estate and other real estate speculation with virtual currencies, and using coins to spread false business plans and manipulate virtual asset balances and price markets.
The prosecutor’s office plans to focus on investigating criminal cases of a vicious nature on a large scale, arresting those involved in the case, and actively confiscating crime money.
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-787.png"><img decoding="async" loading="lazy" width="1024" height="767" src="https://news.coincu.com/wp-content/uploads/2023/01/image-787.png" alt="South Korea Has Ordered Strict Sanctions For 5 Serious Crimes Related To Virtual Assets" class="wp-image-160435" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-787.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-787-300x225.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-787-768x575.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-787-750x562.png 750w" sizes="(max-width: 1024px) 100vw, 1024px" title="South Korea Has Ordered Strict Sanctions For 5 Serious Crimes Related To Virtual Assets 2"></a><figcaption class="wp-element-caption">Office of the Supreme Prosecutor Of Korea</figcaption></figure></div>
In addition, prosecutors will strengthen investigations and tackle illegal private finance crimes that are also on the rise, such as unregistered lenders to ordinary people or usury threatening them by using the debtor’s personal information.
“We will continue to develop an effective investigation system to severely punish the criminals involved and protect the victims so that the public can enjoy economic life in their daily lives with peace of mind.”
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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Coincu News

South Korea Has Ordered Strict Sanctions For 5 Serious Crimes Related To Virtual Assets

Key Points:
<ul>
<li><a href="https://news.coincu.com/145229-sequoia-capital-apologizes-150m-ftx/" target="_blank" rel="noreferrer noopener">Sequoia Capital </a>had cut investments for two new funds worth $950 million and $600 million amid a decline in VCs.</li>
<li>So far, 10% of crypto funds have been deployed.</li>
<li>The company is committed to still investing in cryptocurrencies.</li>
</ul>
<h5>Partner Alfred Lin said on Thursday that Sequoia Capital had cut management fees in two of its new venture funds as it prepares for a slower investment environment, according to Reuters.</h5>
<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-849.png"><img decoding="async" width="840" height="473" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674024743422.png" alt="Sequoia Capital Had Cut Investments For 2 New Funds In The Crisis" class="wp-image-160639" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-849.png 840w, https://news.coincu.com/wp-content/uploads/2023/01/image-849-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-849-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-849-750x422.png 750w" sizes="(max-width: 840px) 100vw, 840px" title="Sequoia Capital Had Cut Investments For 2 New Funds In The Crisis 1"></a><figcaption class="wp-element-caption"> </figcaption></figure></div>
Limited partners (LPs), who contributed money to Sequoia Capital’s crypto and ecosystem funds, which were launched early last year, are now able to pay management fees based on capital deployed rather than the standard model of capital under management that is used for other Sequoia funds. The changes in fee structure were announced to investors in December.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sequoia Capital cuts fees for new funds amid VC slowdown <a href="https://t.co/tCewh5dxv6" target="_blank">https://t.co/tCewh5dxv6</a> <a href="https://t.co/0UviYqf5s6" target="_blank">pic.twitter.com/0UviYqf5s6</a>— Reuters (@Reuters) <a href="https://twitter.com/Reuters/status/1613915136212729858?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 13, 2023</a></blockquote>
</div></figure>
In addition to a $600 million crypto fund to invest in cryptocurrency businesses and tokens, Sequoia unveiled a $950 million ecosystem fund to support scouts and funds established by Sequoia alumni. According to Lin, 10% of the cryptocurrency fund has already been used.
The world’s largest venture investor made an uncommon concession with this decision after U.S. venture capital agreements decreased by 31% from their peak in 2021. The sharp decline in Internet company valuations and the consequences for Sequoia Capital’s portfolio business FTX have put the firm’s long-standing relationships with LPs to the test.
Speaking on behalf of the company at the StrictlyVC event on Thursday, Lin said that thorough investigation and due diligence had been done on FTX through internal processes that had been started.
<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://news.coincu.com/wp-content/uploads/2023/01/image-850.png"><img decoding="async" loading="lazy" width="1024" height="683" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1674024745098.png" alt="Sequoia Capital Had Cut Investments For 2 New Funds In The Crisis" class="wp-image-160640" srcset="https://news.coincu.com/wp-content/uploads/2023/01/image-850-1024x683.png 1024w, https://news.coincu.com/wp-content/uploads/2023/01/image-850-300x200.png 300w, https://news.coincu.com/wp-content/uploads/2023/01/image-850-768x512.png 768w, https://news.coincu.com/wp-content/uploads/2023/01/image-850-750x500.png 750w, https://news.coincu.com/wp-content/uploads/2023/01/image-850-1140x760.png 1140w, https://news.coincu.com/wp-content/uploads/2023/01/image-850.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Sequoia Capital Had Cut Investments For 2 New Funds In The Crisis 2"></a><figcaption class="wp-element-caption">Alfred Lin, a venture capitalist at Sequoia Capital</figcaption></figure></div>
<blockquote class="wp-block-quote has-small-font-size">
“We were misled for a variety of situations,”
<cite>Lin said.</cite></blockquote>
According to Reuters, the U.S. Securities and Exchange Commission (SEC) has inquired about several investors in FTX’s due diligence procedures.
Sequoia reduced its investment in FTX by $150 million from its third Global Growth Fund and by $63.5 million from its crossover fund, bringing the total amount invested in FTX and FTX US to zero. According to Lin, the company is still committed to cryptocurrency investment.
<blockquote class="wp-block-quote has-small-font-size">
“We will invest through a slower time but we will also continue to advance. We are a long-term optimist in crypto and in variety of other sectors,”
<cite>Lin said.</cite></blockquote>
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