Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa
Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.” The evolution of Ripple’s partnership with MSF Africa, which has 800 payment corridors across the continent, will ostensibly see the whole region getting a chance to reap “the financially inclusive benefits.”
Uruguayan Unicorn Reports $5.6 Million Stuck in FTX As Damage Adds Up
Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing.
Robinhood:Our Customers’ Assets Are Completely Segregated From Any Firm Activity
We don't lend crypto or leverage against it. Our customers' assets are completely segregated from any firm activity.
Robinhood: We Don't Lend Crypto, Balance Sheet With No Debt and $6B in Cash
Robinhood Markets Inc. reiterated its crypto safety practices in a Twitter thread, saying customer assets are “completely segregated from any firm activity.”
Nansen Blockchain Analysis: FTX Catastrophe Likely Triggered by Terra Collapse
With the collapse of Terra/UST in May, a liquidity crunch ensued as many creditors started to call back loans following the 3AC and Celsius crashes. Alameda would have needed liquidity from a source that would still be willing to give out a loan against their existing collateral
FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low
With investor confidence in cryptocurrencies ebbing as a result of the collapse of Sam Bankman-Fried’s FTX exchange, the total market capitalization of digital assets has fallen this month below $800 billion, a level not seen since early 2021, according to data from TradingView.
Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token Trading
Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has instructed digital asset exchanges in the country to stop trading the FTX token, also known by its ticker <a href="https://coinmarketcap.com/currencies/ftx-token/" target="_blank">FTT</a>. According to a statement cited by Reuters, the order is in force since Monday, Nov. 14.
Binance, OKX and Bybit Suspend USDT and USDC Deposits on Solana
Solana (SOL) trades at $13.5, with a 5% loss in the last 24 hours and a 3% loss in the previous week. The cryptocurrency is recording significant losses across all timeframes due to the recent event surrounding FTX and the contagion impacting the crypto industry.
Circle Drops Yield Rates to 0%
Circle, the company that runs and issues USDC has dropped their Circle Yield product APY rate to 0%.
China’s State Blockchain Infrastructure Xinghuo BIF Partners Malaysian MyEG To Fuel Global Push
China’s state blockchain infrastructure Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) has signed an agreement with Malaysian digital service provider MY E.G. Services Berhad (MyEG) to own and operate an “international supernode,” as China continues its international blockchain push.
