Crypto News 18 Nov 2022

While the crypto world continues to navigate the fallout from the collapse of FTX, Ava Labs says it dodged the bullet. “We had very little exposure, and we’re grateful for it,” Ava Labs founder and CEO Emin Gün Sirer told Decrypt. Launched in 2018, Ava Labs is the company behind the Avalanche Network.

Please find below today’s Crypto News 18 Nov Headlines

Crypto News 18 Nov #1 – Avalanche Founder Says Company Has ‘Very Little Exposure’ to FTX.

While the crypto world continues to navigate the fallout from the collapse of FTX, Ava Labs says it dodged the bullet. “We had very little exposure, and we’re grateful for it,” Ava Labs founder and CEO Emin Gün Sirer told Decrypt. Launched in 2018, Ava Labs is the company behind the Avalanche Network.

Crypto News #2 – Australian Securities Exchange Cancels Blockchain-Based Clearing System at $168M Cost.

Australian Securities Exchange Cancels Blockchain-Based Clearing System at $168M Cost The ASX said the decision has been taken “in light of the solution uncertainty.”

Crypto News 18 Nov #3 – Co-founder of Terra Accused by Authorities of Violating Capital Market Rules.

South Korean prosecutors raided Chai Corporation, the local payments technology company founded by Terraform Labs Pte. Ltd. cofounder Daniel Shin, or Shin Hyun-Seung, on Tuesday, South Korea’s Seoul Southern District Prosecutors’ Office confirmed with Forkast.

Crypto News #4 – Binance Will Support the StormX (STMX) Contract Swap.

Fellow Binancians, Binance will support the StormX (STMX) ERC20 contract swap. Binance will suspend STMX/USDT and STMX/BTC isolated margin borrowing. We will reopen isolated margin borrowing for STMX once the contract swap is complete, and we will not notify users in a further announcement.

Crypto News 18 Nov #5 – Trust Wallet launches browser extension, integrates with Binance Pay and Coinbase Pay.

Following the collapse of FTX and the bank run on crypto exchanges in general, the self-custody Trust Wallet is gaining momentum. In one week, the company launched its long-anticipated browser extension and collaborated with Binance Pay and Coinbase Pay, whose users can now transfer their funds directly to a Trust Wallet account.

Crypto News #6 – Uniswap Reportedly Down; Users Report Issues.

Uniswap has been reportedly down for hours. WuBlockchain reported that Uniswap’s discord mod said that all users were unable to access the Uniswap web app. It is an ongoing issue.

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Crypto News 18 Nov #7 – Candy Club Integrates With OKC (OKX Chain) Ecosystem.

Candy Club has successfully integrated into the OKC ecosystem and added a use case for the OKC token and community. OKC is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.

Crypto News #8 – Adidas Launched Its First Interoperable NFT Wearables Collection.

Adidas Originals is launching its first collection of NFT digital wearables. The 16-piece limited edition collection marks the launch of a new Adidas Originals product category the brand is dubbing “Virtual Gear”.

Crypto News 18 Nov #9 – Ether Staking Yields Jump Up to 25%; All-Time High Since Merge.

Staking vanilla ether (ETH) is generating eye-catching yields for crypto hopefuls amid a broader market crisis with returns on most fixed-income crypto products dropping as low as 0%.
Operations at centralized crypto lending companies such as Genesis and Circle were caught in the contagion risks stemming from the downfall of crypto exchange FTX in the past few weeks. Withdrawals have been paused at Genesis, while yields on clients’ stablecoin deposits at Circle have dropped to 0%.

Crypto News #10 – 6,522 ‘Sleeping Bitcoins’ Worth $107 Million Wake Up After 5 Years of Inactivity.

6,522 ‘Sleeping Bitcoins’ Worth $107 Million Wake Up After 5 Years of Inactivity On Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years.

Crypto News 18 Nov #11 – El Salvador President To Start Buying Bitcoin every day.

President Nayib Bukele of El Salvador, the first country to make bitcoin legal tender, said Thursday the nation would buy one unit of the currency every day, doubling down in the face of public criticism of his embrace of the crypto money.”We are buying one #Bitcoin every day starting tomorrow,” the president tweeted.

Crypto News #12 – Binance to Relaunch Bid for Bankrupt Lender Voyager.

Binance.US has relaunched interest in acquiring the insolvent crypto lender Voyager Digital and is preparing to bid for the bankrupt lending platform.

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