Crypto News 21 Nov 2022

Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims of Centralized Crypto Failures and Bolster DeFi. Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody.

Please find below today’s Crypto News 21 Nov Headlines

Crypto News 21 Nov #1 – Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims.

Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims of Centralized Crypto Failures and Bolster DeFi. Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody.

Crypto News #2 – Banks Still Interested In Digital Assets And DeFi Amid Market Turbulence.

The cryptocurrency sector is the Wild Wild West in comparison to traditional finance, yet a number of banks are showing interest in digital assets and decentralized finance (DeFi). This year in particular has been notable for banks exploring digital assets.

Crypto News 21 Nov #3 – 27th Biggest Ethereum Whale in World Stole 100% of His Funds.

The bizarre situation on the Ethereum network where one of the biggest holders on the whole blockchain stole 100% of his holdings and now successfully trades them around, gradually increasing his portfolio.

During the FTX catastrophe, the last thing investors needed was a sudden hacker attack leading to a withdrawal of around $300 million of digital funds from the drowning centralized cryptocurrency exchange.

Crypto News #4 – South Korea investigates crypto exchanges for listing native tokens.

South Korea is looking into crypto exchanges to offer native coins The Korea Financial Intelligence Unit (KoFIU), which is South Korea’s authority on financial matters, has begun an investigation into cryptocurrency exchanges in regard to the listing of its own internally-issued tokens, according to a report from a local media outlet.

Crypto News 21 Nov #5 – Tuvalu Aiming to Become First Country To Replicate Itself in Metaverse.

The small Polynesian island country of Tuvalu has announced it will leverage the use of the metaverse to recreate a digital version of itself in response to rising sea levels.

According to a report by Reuters, Tuvalu has announced that it will digitally replicate its islands and landmarks in order to preserve the nation’s history and culture. Tuvalu’s Foreign Minister Simon Kofe made the announcement at the COP27 climate summit, arguing that it was time to begin looking at alternative solutions for the country’s survival in the face of rising sea levels.

Minister Kofe said the country would leverage the metaverse to become the first digitized nation.

Crypto News #6 – Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme.

Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to the infamous Ponzi Scheme of Bernie Madoff.

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Crypto News 21 Nov #7 – South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder.

South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly profited from selling cryptocurrency LUNA at high prices before the token crashed. Shin has denied the allegation.

Crypto News #8 – BabyDoge To Introduce Feature To Accelerate Burns on DeFi Swap.

According to a recent announcement, a new feature on BabyDogeSwap to estimate the number of tokens to be burned through each swap might soon launch. The new feature will help give an estimate of the amount of BabyDoge tokens that will be burned from swaps on the DEX.

Crypto News 21 Nov #9 – Singapore police warn investors against FTX phishing scams.

The Singapore Police Force has warned investors to be wary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX. In a report on Nov 19, crypto industry news portal Cointelegraph said the police issued a warning about a website.

Crypto News #10 – Kraken Founder Jesse Powell Predicts Next ‘Big Event’ That Pushes Crypto Out of Bear Market.

The Kraken founder says that the Bitcoin halving, which will likely take place sometime in the first half of next year, could be the next bullish catalyst for crypto markets.“It’s just a massive hit to lose $10 billion in capital from this industry. To have that just stolen away, that could’ve gone to great stuff and moved this industry forward.

Crypto News 21 Nov #11 – Ripple Intends to Buy FTX’s Assets.

San Francisco-headquartered cryptocurrency company Ripple is interested in purchasing the assets of failed cryptocurrency exchange FTX, The Times reports. Ripple CEO Brad Garlinghouse would be willing to buy those parts of the exchange that served business customers.

Crypto News #12 – Ethereum’s Vitalik Buterin Gives Advice on Navigating Crypto Winter.

Ethereum’s Vitalik Buterin Gives Advice on Navigating Crypto Winter. During a recent interview with Sumiko Tan, executive editor of The Straits Times, Ethereum co-founder Vitalik Buterin advised cryptocurrency market participants to invest in “simpler stuff.”

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