CZ Says “Bitcoin Not Dead, We Are Still Here”
CZ recently reiterated that bitcoin is not dead, as the community is still actively involved amid the prevalent Crypto Winter.
US Court Approves Deadline for Celsius Customers to File Proofs of Claim
A U.S. court has approved collapsed crypto lender Celsius' request to set a deadline for customers to file proofs of claim in the ongoing bankruptcy proceedings.
Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal
AAX will close out derivatives positions as it attempts to return to normal following a hack, the Hong Kong crypto exchange said in a statement posted Sunday.
Disney Brings Back Bob Iger as CEO: Here’s the Crypto Connection
Metaverse-backer Bob Iger has announced a surprise return to his former role as CEO of Disney, taking over from now-former CEO Bob Chapek.
Cardano To Launch Regulated Stablecoin In Early 2023
Cardano’s ecosystem is set to take off its first fully fiat-backed, regulatory-compliant stablecoin by the end of the first quarter of 2023. The stablecoin will be called USDA and is set to create the Cardano Decentralized Finance (DeFi) ecosystem healthier and more sustainable.
New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations
A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation.
South Korea, Singapore, Japan Biggest Users of FTX Pre-collapse, says CoinGecko
Cryptocurrency investors in South Korea, Singapore, and Japan were the biggest users of the now-bankrupt FTX.com exchange based on the number of monthly unique visitors from January to October 2022, according to a report by crypto pricing and analytics service CoinGecko. The three Asian countries had a combined 15.7% of FTX’s total traffic in the period, with South Korea having the highest 6.1% representing 297,229 unique monthly users, CoinGecko data shows. (forkast)
'FTX Accounts Drainer' Offloads 50,000 ETH, Entity Uses Ren’s Bitcoin Gateway to Acquire BTC
The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov. 20, the “FTX Accounts Drainer” transferred roughly 50,000 ether out of the wallet. By leveraging Ren’s bitcoin gateway, the entity has been swapping out the ethereum in exchange for bitcoin.
U.S. DOJ Arrests & Indicts Scammer For $10M Crypto Fraud Scheme
The United States Department of Justice (DOJ) has arrested and charged an Ohio Man with $10 million crypto investment fraud. According to the official announcement, the defendant, Rathnakishore Giri, 27, presented himself as an investment manager specialising in Bitcoin (BTC) derivatives trading to defraud investors.
Ethereum Dips Below $1200 as FTX Drainer Swaps 5K ETH For Bitcoin
Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours.
