New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state.
Nigeria Seeks Distinction Between Digital Assets and Crypto
Nigeria seeks to advance digital asset trading in the country, but like some countries in Asia, it is drawing a distinction between digital assets — which can be broadly defined and may include central bank digital currencies (CBDCs), non-fungible tokens (NFTs) and privately issued stablecoins — and cryptocurrencies, according to a Bloomberg report. (forkast)
Terra-Luna co-founder Daniel Shin May Face Fraud Charges in South Korea, Prosecutors Say
South Korean prosecutors said they may charge Terraform Labs Pte. cofounder Daniel Shin with fraud for promoting the now-collapsed Terra-Luna stablecoin as a payment method despite multiple warnings from financial regulators that it was against the law. (forkast)
Dogecoin Jumps After Elon Musk Shares Glimpse into Twitter 2.0 Plans
Billionaire entrepreneur Elon Musk has confirmed that he intends on integrating payments into what he describes as Twitter 2.0 — “The Everything App” — fuelling a short-lived 19.4% price surge for meme-inspired cryptocurrency Dogecoin (DOGE). The new Twitter CEO revealed his plans in a Nov. 27 tweet to his 119.2 million followers, in which he shared several slides from a recent “Twitter company talk.” (Cointelegraph)
Canadian Crypto Exchange Coinsquare Confirms Data Breach
Canadian cryptocurrency exchange, Coinsquare has become the latest victim of a security breach that resulted in compromised users' personal details, the platform confirmed last weekend by sending an email to its customers.
New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. (Bitcoin.com)
Changpeng Zhao Says Binance has ‘no Negative Balances Involved’ in Proof of Reserves
Changpeng Zhao, founder and chief executive officer of cryptocurrency exchange Binance, tweeted on Saturday that the company’s proof of reserves (PoR) have “absolutely no negative balances involved” after the exchange released its PoR on Friday. In response, Zhao said that Binance’s PoR did not count in accounts with negative balances and “it will be verified in the audit for the above PoR.” (forkast)
Bizarre $600K Elon Musk Crypto Statue Marketing Stunt Falls Flat
Tesla CEO Elon Musk has seemingly given the cold shoulder to a $600,000 monument of him in goat form — which was created as part of a bizarre crypto marketing stunt. Delivered to Tesla’s Austin headquarters on Nov. 26, the 30-foot, 12,000-pound metal statue of Elon Musk was part of a publicity stunt by the co-founders of the memecoin Elon Goat Token (EGT). (Cointelegraph)
Chainlink’s Social Mentions See a Spike- Can LINK Holders Benefit?
Chainlink saw a high percentage increase in its social mentions in the last seven days. And the Upcoming LINK staking, Proof of Reserve services, and multiple partnerships could be responsible for the surge in social mentions. (AMBcrypto)
Bitcoin ‘Millionaire’ Wallets Drop 80% in Year of BTC Price Bear Market
Bitcoin millionaires are becoming an increasingly rare breed as numbers fall 80% in a year. According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more. Glassnode, which tracks multiple cohorts of BTC wallets, confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million. (Cointelegraph)
