FSMA Warns against Clone of CoinDesk and 30 Fraudulent Trading Platforms
The Financial Services and Markets Authority (FSMA), Belgium's financial market regulatory watchdog, flagged 30 online trading platforms offering unlicensed services in the country. A clone of CoinDesk, a popular crypto news website owned by venture capital firm Digital Currency Group (DCG), is one of them.
225 Million XRP Moved By Whales; Price Up By 6%
According to data provided by WhaleAlert, crypto whales have moved more than 225 million XRP tokens on and off the crypto exchanges.
Bank of Japan to Run CBDC Experiments With Country's Megabanks: Report
The Bank of Japan (BoJ) has planned experiments on a digital yen with three megabanks and regional banks in the country, Nikkei reported on Wednesday.
Bukele’s Government Introduced a Bill To Launch the ‘Bitcoin Bonds’
Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced a bill confirming the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”
InsurAce To Pay Out on FTX Claims, Launches Crypto Deposit Insurance To Protect CEX Users – SlateCast #35
DeFi insurance platform InsurAce is launching a new crypto deposit insurance program titled ‘Crypto Deposit Insurance Scheme’ (CDIS.) The product is hitting the market partly in response to the issues that have plagued CeFi throughout 2022. The collapse of Celsius, Voyager, BlockFi, and now FTX has led to consumer confidence in crypto being rocked.
Cosmos-Based DeFi Protocol Onomy Raises $10 Million: Exclusive
Onomy, a Cosmos-based decentralized finance protocol, has raised $10 million in a private token funding round.
DAO Maker and Trust Wallet Sign Campaign Partnership
DAO Maker has informed the community of its launch partnership with Trust Wallet via an official blog post. As part of the collaboration, DAO Maker is a pleased launch partner for the Trust Wallet Browser Extension on Monday, November 21, 2022.
Roughly 48% of Ethereum NFT Trades in October Were Fake
Traders seeking to artificially inflate the price of collections or earn marketplace trading rewards generated $389 million in wash trades during October.
US Congressman Defends Decentralization, Blames SBF, Gensler, CeFi for FTX Collapse
U.S. Congressman Tom Emmer said FTX’s collapse was not a crypto failure; instead, it was a failure of centralized finance (CeFi), Sam Bankman-Fried, and SEC’s Chairman Gary Gensler in a Nov. 22 Fox Business interview.
Hacker steals $42 million from Fenbushi Capital partner Bo Shen
Bo Shen, founding partner at Fenbushi capital, said his private crypto wallet was hacked in an incident on Nov. 10, which resulted in a $42 million loss of various crypto assets.
