Crypto News 10 Dec 2022

Please find below today’s Crypto News 10 Dec Headlines

Crypto News 10 Dec #1 – OKCoin Japan Confirms Shiba Inu (SHIB) Listing

The top Japanese crypto exchange plans to enable SHIB trading for its customers in February next year. OKCoin Japan, one of Japan’s top exchanges and the Japanese subsidiary of the digital asset conglomerate OK Group, has confirmed its plans to list Shiba Inu (SHIB) three days after it hinted at accommodating SHIB.

Crypto News #2 – Binance CEO “CZ” Claims Sam Bankman-Fried Threatened His Team

Binance’s CEO pointed out that Binance continues to do due diligence even after making an investment. Binance became an early investor in FTX, but Alameda and SBF’s relationship made them uncomfortable and decided to exit from it. He claims Sam-Bankman-Fried threatened Binance team members when Binance pulled out as an investor.

Crypto News 10 Dec #3 – GameStop to drop crypto efforts as Q3 losses near $95M

The gaming company has minimized its exposure to cryptocurrency focuses but is seemingly still pushing ahead with plans related to NFT and blockchain technology.

Gaming retailer GameStop says it will no longer focus any efforts on cryptocurrencies, after amounting to $94.7 million in net losses in the third quarter and laying off staff from its digital assets department.

Crypto News #4 – This SHIB Metaverse Hub Presented in Unreal Engine 5.1, Community Delighted

SHIB team has revealed Metaverse Hub using Unreal Engine 5.1 during a recent Holiday Fireside Chat.

During the most recent Holiday Fireside Chat on December 8th, there was a slight change in plans for the SHIB Metaverse team.

Crypto News 10 Dec #5 – Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm

Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into other African countries.

Crypto News #6 – 5.6 Trillion SHIB Shifted by Whales as Shiba Inu Aims at Year-End Move

Shiba Inu (SHIB) prepares for year-end move In two large transactions, 5.6 trillion SHIB, or about $52 million worth, moved between whale addresses in the past 24 hours. According to crypto data tracker WhaleAlert, 2.8 trillion SHIB worth $25,983,999 were moved between unknown wallets in the past eight hours in a single transaction.

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Crypto News 10 Dec #7 – FTX reportedly gets 3 more months to stop all operations in Japan

Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors.

The Japanese subsidiary of the now-defunct cryptocurrency exchange FTX has received approval from local regulators to continue sorting out issues with withdrawals until next year.

Crypto News #8 – Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs

Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report, citing a source.

Crypto News 10 Dec #9 – Coinbase takes a shot at Tether, encourages users to switch to USDC

Coinbase takes a shot at Tether and encourages users to switch to USDC. Coinbase’s request comes just a couple of months after Binance ceased support for USDC.

Crypto News #10 – UK Extends Crypto Tax Break for Investment Managers in Financial Reforms

UK Extends Crypto Tax Break for Investment Managers in Financial Reforms From The U.K. has confirmed it will extend tax breaks for investment managers to cover crypto assets after Prime Minister Rishi Sunak said he wanted to make the country a crypto hub.

Crypto News 10 Dec #11 – This Project Burns 4 Million LUNC In A Single Transaction

This Project Burns 4 Million LUNC In A Single Transaction Altcoins 48 m Terra Casino has continued to contribute to the ongoing Terra Luna Classic (LUNC) burn campaign. Today, the casino’s official Twitter handle said the team had burned 4 million LUNC tokens.

Crypto News #12 – Nomad To Restart Bridge After Crippling $190 Million Hack

Nomad suffered a crippling hack in August when malicious actors discovered and exploited a loophole in Nomad’s smart contracts. Relaunch And Reimburse. The Nomad cross-chain bridge has announced that it is preparing to relaunch its bridge and reimburse users that lost funds during the $190 million exploit that took place earlier in the year.

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