Crypto News 1 Dec 2022

Please find below today’s Crypto News 1 Dec Headlines

Crypto News 1 Dec #1 – Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development

Game7 has launched a $100 million grant program to accelerate developers who are making Web3 games. The San Francisco-based entity is a decentralized autonomous organization, or DAO, supported by BitDAO and Forte ecosystems.

Crypto News #2 – Crypto Exchanges Huobi, Poloniex to Form ‘Strategic Partnership’

Cryptocurrency exchange Huobi has said it will form a “strategic partnership” with Poloniex a week after denying rumors that the two firms were planning to merge.

Crypto News 1 Dec #3 – Binance Market Share Allegedly Hits 77%; Criticism Grows As Even Jack Dorsey Speaks Out

After the second largest exchange in the world went belly up, other exchanges had to divide FTX’s market share among themselves. And that Binance is one of the biggest winners now seems to be confirmed by recent data. The Block claims that Binance now has a 75% market share on the spot market, 8.5 times more than the second Coinbase.

Crypto News #4 – Singapore’s Financial Regulator Defends Itself After FTX Blowup

Singapore’s Financial Regulator Defends Itself After FTX Blowup. “FTX is not the first cryptocurrency platform to collapse, nor will it be the last,” said Singapore’s Deputy Prime Minister Lawrence Wong while answering lawmakers’ questions about the crypto giant’s rapid failure in early November.

Crypto News 1 Dec #5 – Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda

According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda reportedly said the commission will only change its stance on cryptos when Nigerian regulators agree on the standards to protect digital asset investors.

Crypto News #6 – 357 Million XRP Moved While Coinbase Halts Support

XRP News: 357 Million XRP Moved While Coinbase Halts Support WhaleAlert reported that more than 357 million XRP (approx worth $141 million) have been moved by whales in the last 24 hours.

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Crypto News 1 Dec #7 – BlockFi Files For Bankruptcy

Crypto firm BlockFi filed for Chapter 11 bankruptcy protection in the wake of FTX’s bankruptcy. It’s the latest in a series of crypto bankruptcies, following FTX, Voyager, and Celsius.

Crypto News #8 – London Court Orders Six Crypto Exchanges to Share Client Details to Assist in $10.7M Fraud Case

London’s High Court has ordered six cryptocurrency exchanges, which includes Binance, Coinbase, Luno, and Kraken, to disclose client information to help trace $10.7 million that was stolen from a U.K.-based exchange in 2020, according to a court judgement shared with CoinDesk.

Crypto News 1 Dec #9 – Binance acquires regulated crypto exchange in Japan

Japan’s financial services regulator was one of several that last year issued warnings saying Binance was not licensed to operate in its market.

Crypto News #10 – Brazil Adopts Cryptocurrency as a Means of Payment

Brazil Endorses Crypto as a Mode of Payment Under Central Bank’s Supervision Brazil has not classified Bitcoin as legal cash, but it has taken the next right choice: it has legalized cryptos as a method of payment across the nation, providing a legislative lift to the use of cryptocurrencies and the growth of the environment.

Crypto News 1 Dec #11 – ApeCoin Treasury Is Gradually Selling Its Own Reserves

ApeCoin Treasury Is Gradually Selling Its Own Reserves Over 4.6 million APE tokens, worth roughly $19.7 million, have been removed from the ApeCoin Treasury’s wallet. Different addresses received tokens in varied ways.

Crypto News #12 – Animoca Brands Announces $2 Billion, Metaverse Fund

Blockchain gaming giant Animoca Brands on Wednesday said it plans to launch an approximately $2 billion fund to invest in metaverse projects. The fund named Animoca Capital will be used to invest strategically to develop a Web3 ecosystem and create an active market rather than pursuing economic returns.

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