Bitcoin Dipped to Weekly Low, Ethereum Dumps to $1.1K (Market Watch)
After several days of standing in one place, bitcoin took a turn to the worse and dropped to a weekly low of under $16,000.
Bank of England Unconviced DeFi Can Solve Financial Risk
Decentralized finance protocols do not yet provide an effective way to manage risk, the Bank of England deputy governor warned on Monday.
Brazilian Cryptocurrency Bill Resurfaces After General Ballot
The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week.
Bitcoin (BTC) Difficulty Spikes to New Record Over 36.95 T
Today, on Nov. 21, 2022, Bitcoin (BTC) difficulty, the most crucial indicator of BTC network performance, prints a new historical high. According to public trackers, it spiked to 36,950,494,067,222 T after a surprising +0.51% adjustment.
S. Korea Mulls Requirement for Digital Asset Exchanges To Compensate Sudden Withdrawal Suspension
South Korea’s Financial Services Commission (FSC) is considering a requirement that digital asset exchanges offset investor losses and pay penalties for the sudden suspension of withdrawal services, Yonhap news agency reported Monday.
FTX Failed Because of Humans, Not Crypto
Human greed and deception led to FTX’s fall. That’s why the antidote is not more regulations but could be found in blockchain’s original promises, writes Marieke Flament, CEO of NEAR Foundation.
For the First Time: Binance With Largest Bitcoin Reserves
CryptoPotato recently reported that upwards of $8 billion worth of crypto was withdrawn from centralized exchanges following the FTX collapse. Now, data shows that Binance has the largest reserve of BTC for the first time.
Nearly 400K Ethereum Moved By Whales Amid ETH Price Dump
As per the Whale Alert data, Crypto whales have moved around 400K Ethereum from the crypto exchanges. More than $445 million worth of Ethereum was moved to multiple unknown wallets amid the price dump.
EverRise Develops Cross-Chain NFT Staking Lab
EverRise, a blockchain technology company, developed an NFT staking lab to allow its holders to build on-chain staking contracts. These contracts would connect to another five blockchains. This new development allows users to connect their staked assets over multiple chains and get the maximum profits.
SEC Gets Support From New Sports Economy Institute in XRP Lawsuit Against Ripple
The U.S. Securities and Exchange Commission (SEC) has received support from sports investing group New Sports Economy Institute (NSEI), which submitted its amicus brief on Friday to weigh in on the ongoing lawsuit between the SEC and Ripple Labs Inc.
