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Changpeng Zhao, founder and chief executive officer of cryptocurrency exchange Binance, tweeted on Saturday that the company’s proof of reserves (PoR) have “absolutely no negative balances involved” after the exchange released its PoR on Friday.
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The Ethereum Foundation (EF) has once again perfectly timed the top, selling more than 100,000 eth during the bull of 2021.
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Crypto exchange CoinList rejected all rumors of the exchange being illiquid or insolvent, tweeting on Nov. 25 that the rumors were ‘FUD.’ The exchange clarified that the issues it faced in the past two weeks were technical ones that affected deposits and withdrawals.
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Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what’s deemed a risky asset by the DAO. RenBTC is a wrapped bitcoin asset developed by the Alameda Research-backed project Ren Protocol.
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According to a recent local report, the State Duma plans to make certain amendments to the existing legislation “On digital financial assets” that could help with the establishment of a “national crypto exchange in Russia.” The lawmakers have already discussed the initiative with market participants in the middle of November.
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Belgium’s financial regulatory body has confirmed its position that Bitcoin (BTC), Ether (ETH) and other cryptocurrencies that are issued solely by computer code do not constitute securities.
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The developers behind Akula, an Ethereum client implementation, have decided to scrap the project because they cannot compete with a newly announced rival project called Reth that has similar features and is run by crypto VC firm Paradigm. Akula is a high-performance Ethereum client written in Rust.
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According to documents submitted to court, FTX appears to have a significant level of global dominance as it had customers in at least 27 different countries. In a surprising twist, despite its restriction on crypto assets, China managed to snag the third place as it was home to 8% of known FTX customers. The Asian giant actually tied with Great Britain which posted the same percentage of clients.
It was also revealed that the amount of debt that the platform now owes to its creditors is now at least $3.1 billion.
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A Bitcoin wallet attributed to the BTC-e exchange came to life on Nov. 23. The wallet, linked to the 2014 Mt. Gox hack, carried out its largest transaction since August 2017. Around 10,000 BTC, worth an estimated $167 million, was moved to two unidentified recipients. The transactions were split, and 3,500 BTC were moved to several wallets. The remaining 6,500 BTC were moved to a single address.
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New York has enacted a two-year moratorium on proof-of-work cryptocurrency mining operations powered by fossil fuel, becoming the first state in the country to do so.
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Bo Shen, founding partner at Fenbushi capital, said his private crypto wallet was hacked in an incident on Nov. 10, which resulted in a $42 million loss of various crypto assets. The majority of the tokens, some $38 million, was taken in the stablecoin USDC. The rest of the stolen assets included tether (USDT), uniswap (UNI), reputation (REP), and liquity (LQTY) tokens.
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The stablecoin native to the Cardano (ADA) network has recently been launched along with other synthetic assets via the Indigo Protocol on the cryptocurrency’s blockchain. The Indigo Protocol was launched to issue decentralized synthetic assets on Cardano.
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Argentina’s loss of 2-1 to underdogs Saudi Arabia sent shock waves all across the globe, including the crypto sector. The Argentine Football Association’s crypto fan token ARG tanked significantly, dropping by more than 25%.
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Ripple Labs CEO Brad Garlinghouse reportedly told Linqto Director of Member Sales Nick Burrafato that Bank of America is waiting for the court case to settle before using Ripple’s on-demand liquidity (ODL) products.
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Data indicates that between January and October 2022, an estimated 102.06 million crypto wallets were downloaded for Android and iOS devices for 21 selected apps that enable digital currency storage. The value represents a drop of 42.37% from 177.85 million downloads in 2021.
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CoinMarketCap announced the launch of a new feature on its platform that gives users updated financial insights on exchanges. The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity at a given moment.
More info: https://bit.ly/3TS7N1O
After its lending arm suspended services last week and spent the weekend on fruitless fundraising efforts, crypto industry stalwart Genesis Trading has warned that it may be facing bankruptcy, Bloomberg has reported.
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Mike Kondoudis, the famous trademark attorney, tweeted that the JP Morgan wallet is now a registered trademark for cryptocurrency transfers and related services. The United States Patent and Trademark Office granted the application on Nov. 15.
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