Crypto News 19 Nov 2022

FTX meltdown triggers FINRA into probing crypto comms. The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them.

Please find below today’s Crypto News 19 Nov Headlines

Crypto News 19 Nov #1 – FTX meltdown triggers FINRA into probing crypto comms.

FTX meltdown triggers FINRA into probing crypto comms. The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them.

Crypto News #2 – Genesis Sought $1 Billion Loan Before Pausing Withdrawals.

Genesis sought a $1 billion loan before pausing withdrawals. Crypto lender Genesis was seeking a $1 billion emergency loan just before suspending customer withdrawals on Wednesday. Emergency loan Citing a lack of liquidity as the reason, cryptocurrency lending platform Genesis tried to get an emergency loan to deal with the issue.

Crypto News 19 Nov #3 – Australia to revamp cryptocurrency rules after FTX collapse.

Australia to Revamp Cryptocurrency Rules after FTX Collapse Australian financial authorities will start talks with the cryptocurrency industry and aim to introduce rules for regulating exchanges next year after FTX collapsed last week, according to a report in the Australian Financial Review.

Crypto News #4 – Shiba Inu Addresses SHIB Army with Enthusiastic Tweet.

The official Shiba Inu account has addressed the Shiba community with a tweet full of gratitude and enthusiasm. It has also reminded everyone that while the attention of many is grabbed by global changes made inside Twitter by its new boss Elon Musk, the SHIB development team keeps heading toward its goals that were announced earlier.

Crypto News 19 Nov #5 – Crypto scammers are using black market identities to avoid detection: CertiK.

Crypto scammers have been accessing a “cheap and easy” black market of individuals willing to put their name and face on fraudulent projects — all for the low price of $8.00, blockchain security firm CertiK has uncovered.

These individuals, described by CertiK as “Professional KYC actors,” would, in some cases, voluntarily become the verified face of a crypto project, gaining trust in the crypto community prior to an “insider hack or exit scam.”

Crypto News #6 – Bitcoin Miner Hash Price Drops to New All-Time Low.

Glassnode reported that the Bitcoin miner hash price has dropped to a new all-time low. It now stands at $58.3K per Exahassh per day. BTC prices have dropped by more than 76% from the peak.

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Crypto News 19 Nov #7 – Solana Plummets More Than 41% Over The Week Amid FTX Collapse.

Solana Plummets More Than 41% Over The Week Amid FTX Collapse Solana emerged as the week’s worst-performing crypto asset as one of the project’s early backers FTX went insolvent. Solana is the network behind the SOL cryptocurrency.

Crypto News #8 – ETH Bounces 12% From Recent Lows.

The Ethereum price has risen to $1,216.65, marking a 12% increase from lows recorded on Thursday, when the FTX collapse caused a major market selloff. Its current price also represents a 2% rise in the past 24 hours, although the second-biggest cryptocurrency has fallen by 20% in the last 14 days as its ongoing upgrades struggle to counteract ongoing pessimism.

Crypto News 19 Nov #9 – 1 in 5 South Koreans Still Investing in Crypto.

A new survey has found that around one in five South Koreans is still investing in crypto – in spite of the collapse of the FTX exchange and the downturn in global markets. Per News1, the survey was conducted nationwide this month by the research firm Consumer Insight.

Crypto News #10 – Bitstamp gets a crypto license from the Bank of Spain.

Crypto exchange Bitstamp reported obtaining a license for operations with crypto in Spain. It marks approval in yet another European jurisdiction for an exchange, which has been focusing on the EU market since its launch in 2011.

Crypto News 19 Nov #11 – Cardano developer Emurgo to issue fiat-pegged stablecoin called USDA.

Cardano developer Emurgo announced plans to issue a U.S. dollar-pegged stablecoin called USDA on the network in early 2023. Emurgo, which functions as Cardano’s official commercial arm, said USDA will be the first regulated stablecoin on the blockchain that is backed by a fiat currency.

Crypto News #12 – Bahamian Regulators Assume Control Of FTX’s Assets.

Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX. The Securities Commission of The Bahamas announced Thursday night it has directed the transfer of all digital assets of FTX Digital Markets, The Bahamas-based FTX unit that filed for Chapter 15 bankruptcy protection on Tuesday.

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