Crypto News 12 Dec 2022

Please find below today’s Crypto News 12 Dec Headlines

Crypto News 12 Dec #1 – Crypto Wallet Activities Under Watch of Russian Ministry

The Russian Ministry of Internal Affairs took the initiative to keep watch on crypto wallet owners and track transactions. Given these efforts, as reported, MVD employees have been given access to a digital platform specifically for the aforementioned tasks.

Crypto News #2 – RBI Deputy Governor Touts CBDC – Says Crypto Data Not Trustworthy

The Deputy Governor of the Reserve Bank of India says a CBDC can be anonymous and that any crypto data is misleading.

The ongoing debate between the use of cryptocurrencies and central bank digital currencies (CBDCs) has prompted RBI Deputy Governor Rabi Patra to enter the fray with a few words of caution.

Crypto News 12 Dec #3 – Blue-chip NFT sales surge as ether price stagnates

Trading volumes for some top NFT projects are surging while the price of ether stagnates below $1,300.

Over the past 24 hours, “web3 anime universe” Azuki has seen an increase of more than 490% in the number of transactions and a 550% increase in the number of sales, according to the NFT analytics platform CryptoSlam. Azuki “sidekicks” BEANZ has seen a 1,000% increase in the number of transactions and a 631% in the number of sales.

Crypto News #4 – Cardano Creator Denies Ethereum-SEC Corruption Conspiracy in Ripple Case

Cardano creator Charles Hoskinson stated that raising untested corruption claims against the SEC might hinder Ripple’s chances of winning. Hoskinson told John Deaton’s lawyer that corruption would not impact the court’s determination on XRP’s regulatory status. Hoskinson stressed that this was a different problem.

Crypto News 12 Dec #5 – Survey Reveals Turkey is Highly Obsessed With Crypto, Especially Dogecoin

A recent study by CryptoManiaks, a crypto education platform, shows that Turkey and the Netherlands ranked top in cryptocurrency awareness. As per the survey, 5.5% and 8.2% of the population in Turkey and the Netherlands searched for crypto-related terms. Turkey accounted for 4.7 million searches, topping the chart with large numbers.

Crypto News #6 – Judge Dismisses Crypto Lawsuit Against Kim Kardashian

Judge Dismisses Crypto Lawsuit Against Kim Kardashian A class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their promotion of the crypto token ethereummax has been dismissed. The judge stated that the law “expects investors to act reasonably before basing their bets on the zeitgeist of the moment.”

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Crypto News 12 Dec #7 – Algorand launches the Comet crypto protocol

The Algorand crypto project is launching one of its most promising concepts: the Cometa protocol, which according to the platform has all the potential to solve the problem related to liquidity. ALGO is a blockchain-based cryptocurrency that aims to be secure, scalable, and decentralized.

Crypto News #8 – 216 Billion SHIB Grabbed By These Whales as SHIB Transaction Volume Soars

216 billion SHIB bought within 24 hours A recent tweet by WhaleStats wallet tracker shows that the largest 500 whales on Ethereum currently own $73,667,853 worth of Shiba Inu meme coin. This is two million more than they held on Friday – $71,378,787 in that prominent meme crypto asset.

Crypto News 12 Dec #9 – Crypto Hedge Fund Fired its Co-Founder

Crypto hedge fund BKCoin fired co-founder Kevin Kang in October for allegedly misappropriating $12 million in assets from three multi-strategy funds, according to filings with U.S. Circuit Court in Florida. The documents, in the 11th circuit court covering Miami-Dade County, date back to Oct. 28 but have largely gone unnoticed.

Crypto News #10 – Argentina is Working on Blockchain Adoption in The Country

The country of Argentina has accelerated the adoption of crypto and blockchain as a way of working around its economy’s recession. The country has crypto ATMs and many businesses accepting cryptocurrency payments. One example of mainstream crypto adoption is the capability of topping up the country’s state public transport card, SUBE, using Bitcoin.

Crypto News 12 Dec #11 – SBF tried to destabilize the crypto market to save FTX

Tether executives and Binance CEO Changpeng “CZ” Zhao worried that Sam Bankman-Fried (SBF), former FTX CEO, was attempting to destabilize the crypto market aiming to save the now-bankrupt exchange, according to reports on Dec 9.

Crypto News #12 – AAX Hong Kong Implements Regulations in the Wake of Crypto Fall

AAX Hong Kong Implements Regulations Following Crypto Crash Atom Asset Exchange has decided to implement regulations in crypto trading to support the company’s loss since the fall of FTX. As part of the regulations, the company has suspended withdrawals since last month.

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