Crypto News 17 Nov 2022

The Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market has granted Binance, the largest cryptocurrency exchange in the world, a Financial Services Permission (FSP). As per the license, Binance will be permitted The post Breaking: Binance Gets FSP License In Abu Dhabi Amid FTX Crisis appeared first on CoinGape.

Please find below today’s Crypto News 17 Nov Headlines

Crypto News 17 Nov #1Binance Gets FSP License In Abu Dhabi Amid FTX Crisis.

The Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market has granted Binance, the largest cryptocurrency exchange in the world, a Financial Services Permission (FSP). As per the license, Binance will be permitted The post Breaking: Binance Gets FSP License In Abu Dhabi Amid FTX Crisis appeared first on CoinGape.

Crypto News #2Circle marks a possible $3B loss from Binance stablecoin conversions.

Circle, the company behind the issuance of USDC Coin (USDC), said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exchange Binance.

In September, crypto exchange Binance announced it will auto-convert USDC to its own stablecoin Binance USD (BUSD), which last week saw the collapse of FTX.

Crypto News 17 Nov #3FTX hacker is now the 35th largest holder of ETH.

After converting all tokens to Ethereum, the FTX hacker now holds 228,523 ETH worth $288 million, making it the 35th largest ETH holder. In total, the hacker has reportedly stolen $477 million worth of digital assets from the now-struggling FTX exchange.

Crypto News #4 – Terra co-founder Daniel Shin’s Chai Corp. was raided by S.Korean authorities.

Chai Corporation, the company founded by Terraform Labs co-founder Daniel Shin, has been raided by South Korean authorities, Forkast reported. The Seoul Southern District Prosecutors’ Office is looking into the company’s launch of its Terra payment services, which may have involved using its customers’ personal data without consent.

Crypto News 17 Nov #5 – Sino Global Capital Regrets Investing In FTX Exchange After Losing A Major Sum.

The crypto industry is witnessing another crisis with the distress of one of the top crypto exchanges in the space, FTX. More firms with exposure and collaborations with the exchange have started experiencing some constraints in their various activities.

Following the fall of FTX, the founder and CEO of the company, Sam Bankman-Fried (SBF), has lost his value as a billionaire in space. With the decline in the FTX Token (FTT), several other crypto assets have been exposed to a bearish trend.

Crypto News #6 – UAE regulator adopts blockchain to speed up commercial judgments.

UAE regulator adopts blockchain to speed up commercial judgments. A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments.

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Crypto News 17 Nov #7 – Ethereum Turns into First Profitable Blockchain from Top 10 of Crypto Market.

Ethereum Turns into First Profitable Blockchain from Top 10 of Crypto Market. ETHUSDT ETHUSD Prior to the Merge update and the continuous reduction of issuance, Ethereum has been an “unprofitable” blockchain, just like any cryptocurrency network on the market. However, the situation has changed.

Crypto News #8 – Coinbase CEO Brian Armstrong sells more than $1.6 million in shares.

According to reports, Brian Armstrong has sold more than $1.6 million worth of Coinbase shares. A regulatory filing discloses that the Coinbase chief executive sold more than 30,000 Class A Coinbase shares for $1.6 million on November 11th. Brian Armstrong also converted Coinbase Class B shares into Class A shares.

Crypto News 17 Nov #9 – European Countries That Want To Boost Their Revenue Need Bitcoiners.

Several European countries have shown their colors beyond all doubt in recent years. The Netherlands, for example, once upon a time the golden land of opportunity based on trade and sound commerce, decided that Bitcoin was a net negative, implementing rigorous regulations on Bitcoin companies and a 30% capital gains tax on bitcoin assets.

Crypto News #10 – Binance CEO advises crypto investors not to buy right now.

CZ, the CEO of Binance, said in an AMA on Monday that most people should not invest in the crypto market right now but should continue to hold instead. With all the uncertainty facing the crypto market currently, it probably isn’t a good time to be buying more crypto unless the buyer knows exactly what they are doing.

Crypto News 17 Nov #11 – Cardano Founder Charles Hoskinson Slams U.S. Government for Tornado Cash Sanctions.

Charles Hoskinson, the co-founder of the Cardano blockchain platform, has criticized the U.S. government for adding Tornado Cash, a mixer to obfuscate the origins and destinations of crypto currency transactions, to the list of individuals and entities blacklisted for violating sanctions.

Crypto News #12 – Web3 Identity Solution Ziden Joins Oraichain Ecosystem.

Web3 Identity Solution Ziden Joins Oraichain Ecosystem Crypto News On Nov 16, 2022, the Self-sovereign identity platform Ziden joined the Oraichain artificial intelligence-powered Layer-1 blockchain ecosystem. The project was part of the Oraichain for DApps Accelerator Program.

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