2022 November
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Huobi, Poloniex announced strategic partnership despite initial denials of a merger
- November 30, 2022
- Posted by: Bogdan
- Category: Cryptocurrency Exchange, partnership
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Huobi and Poloniex announced a strategic partnership on Nov. 30. Reports of a planned merger of the two cryptocurrency exchanges emerged and were denied last week. The two exchanges will “progressively cooperate” on Huobi’s HT coin ecosystem development, connectivity, liquidity sharing and global compliance. Beginning in December, the Huobi Advisory Board will make a monthly
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‘I unknowingly commingled funds’ at DealBook Summit
- November 30, 2022
- Posted by: Bogdan
- Category: Alameda, Andrew Sorkin, DealBook Summit, FTX, New York, SBF
Former FTX CEO Sam Bankman-Fried has claimed to have “unknowingly commingled funds” between Alameda and customer funds at FTX. Bankman-Fried was speaking at the New York Times’ DealBook Summit via video conference on Nov. 30, in which journalist Andrew Sorkin noted “there appears to be a genuine commingling of the funds that are FTX customers
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Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse
- November 30, 2022
- Posted by: Bogdan
- Category: ApeCoin, Derivatives, Dogecoin, ecb, Funding, Kraken, Markets
The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%. Total crypto market cap in USD, 4-hour. Source: TradingView Bitcoin (BTC) price also gained
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US CFTC commissioner calls for new category to protect small investors from crypto
- November 30, 2022
- Posted by: Bogdan
- Category: cftc, Cryptocurrencies
United States Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero spoke at the Futures Industry Association Asia Derivatives Conference in Singapore on Nov. 30. She talked about “how to harness the best that technology offers, while protecting against emerging threats,” with particular emphasis on cybersecurity and crypto. Goldsmith Romero had two proposals for protecting
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Market maker Keyrock closes $72 million in Series B funding round
- November 30, 2022
- Posted by: Bogdan
- Category: Funding, liquidity, Maker
Digital asset market maker Keyrock has raised $72 million in a Series B round of funding, according to an announcement on Nov. 30. Ripple, SIX Fintech Ventures, and Middlegame Ventures are among the investors in the round. Funds are planned to be used on Keyrock infrastructure development, scalability tools, as well as regulatory licensing across
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Coinbase clarifies bug bounty policy in response to Uber extortion verdict
- November 30, 2022
- Posted by: Bogdan
- Category: Coinbase, Hackers, Uber
In a blog post on November 30, Coinbase sought to clarify its bug bounty program policies in response to the recent Uber data breach verdict. The company stated that it still welcomes “responsible” disclosure of security issues, but users who abuse this process will not be awarded bug bounties: “The key word in all of
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Biden administration worked to stop crypto being ‘dangerously intertwined’ with banks
- November 30, 2022
- Posted by: Bogdan
- Category: Cryptocurrencies, FTX, law, regulation, Senate
Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue. Speaking at a Senate Banking Committee nomination hearing on Nov. 30, Warren addressed committee counsel Jonathan McKernan, who confirmed that FTX’s bankruptcy
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FTX proves MiCA should be passed fast, officials tell European Parliament committee
- November 30, 2022
- Posted by: Bogdan
- Category: FTX, MiCA
The European Parliament Economic and Monetary Affairs Committee held a hearing on “FTX cryptocurrency exchange collapse and implications for the EU” Nov. 30. Three European monetary officials testified, talking about FTX, blockchain technology and crypto regulation in a “preliminary assessment of the events.” European Securities and Markets Authority (ESMA) Risk Analysis & Economics Department head
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Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29
- November 30, 2022
- Posted by: Bogdan
- Category: Nifty Newsletter
In this week’s newsletter, read about how two Bored Ape nonfungible tokens (NFTs) sold for almost $1 million during the bear market and how the word “metaverse” made it into the top three finalists for Oxford Word of the Year. Check out how the metaverse can generate passive income through royalties and how NFT marketplace
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Don’t’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
- November 30, 2022
- Posted by: Bogdan
- Category: Derivatives, futures, gemini, Markets, Miners, regulation
Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might have helped fuel the rally after the Binance exchange announced the acquisition of a regulated crypto exchange in Japan on Nov. 30. Bitcoin 12-hour price index, USD. Source: TradingView Binance shut its operations in