Twitter’s Crypto Head and Senior Staff Resigned in Mass Musk Exodus
<a href="https://www.linkedin.com/in/temiri/?originalSubdomain=de">Tess Rinearson</a>, head of the social media platform’s crypto team, has exited Twitter amid a massive number of both layoffs and employees quitting in the wake of billionaire Elon Musk's acquisition of the company, <a href="https://www.bloomberg.com/news/articles/2022-11-18/twitter-s-twtr-crypto-head-and-staff-resign-in-mass-musk-exodus?sref=QkiN9npb">according to Bloomberg</a>.
US SEC Starts Administrative Proceedings Against American CryptoFed
The United States Securities and Exchange Commission (SEC) on Friday kicked off administrative proceedings against American CryptoFed, a Wyoming-based decentralized autonomous organization (DAO).
Alameda Just Transfered $17 Million in Crypto to Trading Platform FalconX
A wallet belonging to Alameda Research, the quantitative trading desk of now-bankrupt FTX Group, sent $17 million worth of USDC to institutional crypto trading platform FalconX on Friday afternoon. First, a wallet labeled as <a href="https://etherscan.io/tokenholdings?a=0xe31a9498a22493ab922bc0eb240313a46525ee0a" target="_blank">Alameda Counterparty: 0xe31</a> by blockchain analytics firm Nansen sent $17 million USD Coin (USDC) to an Alameda Research wallet, <a href="https://etherscan.io/tokenholdings?a=0x60009b78da046ac64ef789c29ca05b79cdf73c10" target="_blank">0x600</a>, around noon Eastern Time on Friday. Within two minutes, the USDC was sent to a wallet that Nansen has labeled as <a href="https://etherscan.io/tokenholdings?a=0x1157a2076b9bb22a85cc2c162f20fab3898f4101" target="_blank">Falconx: 0x115</a>.
LBank Exchange Launches Global Ambassadorial Program for College Students
LBank, a top cryptocurrency exchange, launches its Legend Program globally following its immense success in Africa. The global ambassadorial program for college students is designed to help students who want to get involved in the cryptocurrency industry while still attending school.
Ripple Seeks Crypto License in the Republic of Ireland: Report
Ripple, a U.S.-based crypto payments platform, is looking to obtain regulatory approval in the Republic of Ireland so it can access the European market, CNBC reported on Friday.
Taiwan’s Top Three Exchanges’ Operations Unaffected Amid FTX Fallout
Taiwan-based exchanges MaiCoin, BitoEX and ACE said in a joint statement on Friday that they will soon present proof of assets verified by third-party institutions, and will help to arrange meetings of affected FTX users in Taiwan to discuss how to best proceed.
FTX Meltdown Triggers FINRA Into Probing Crypto Comms
The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them.
Community Fears FTX Implosion Might Affect Grayscale
Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion.
Turkish Crypto Exchange Founder Faruk to Be Extradited to Turkey to Face Charges of Fraud and Founding a Criminal Organization: Report
Faruk Fatih Öze, the founder of Thodex, one of Turkey's largest crypto exchanges, will be extradited to Turkey after being arrested in Albania in August to face charges of fraud and running a criminal organization, state media aa.com reported on Friday.
Delaware Federal Judge To Hear FTX Case on Tuesday
FTX Trading will be at a hearing on Nov. 22 in a bankruptcy court in Delaware, as the troubled exchange seeks to transfer a related case from New York to the Delaware court, according to a court filing.
