Crypto News 22 Nov 2022

2 Crypto Exchanges Licensed to Trade Coins in Uzbekistan Uzbekistan’s National Agency of Perspective Projects (NAPP) has granted licenses to two entities established to offer cryptocurrency exchange. Crypto Trade NET and Crypto Market have been registered as “service providers in the field of crypto assets turnover,” the authority announced.

Please find below today’s Crypto News 22 Nov Headlines

Crypto News 22 Nov #1 – Uzbekistan Licenses 2 Crypto Exchange Service Providers.

2 Crypto Exchanges Licensed to Trade Coins in Uzbekistan Uzbekistan’s National Agency of Perspective Projects (NAPP) has granted licenses to two entities established to offer cryptocurrency exchange. Crypto Trade NET and Crypto Market have been registered as “service providers in the field of crypto assets turnover,” the authority announced.

Crypto News #2 – FTX exchange suffers $59M loss due to hacking.

The cryptocurrency exchange FTX has suffered a loss of above $59 million as the hacker offloaded several millions of dollars resulting in a further drop in the cryptocurrency. The hacker behind this loss had transferred 50,000 ETH from one of the wallets to another address. The hacker had then swapped ETH renBTC.

Crypto News 22 Nov #3 – Celsius bankruptcy victims get proof-of-claim deadline from US court.

The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company.

The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline.

Crypto News #4 – Nearly 400K Ethereum Moved By Whales Amid ETH Price Dump.

As per the Whale Alert data, Crypto whales have moved around 400K Ethereum from the crypto exchanges. More than $445 million worth of Ethereum was moved to multiple unknown wallets amid the price dump. The data depicts that whales moved around 300k Ethereum (worth approx $333 million) from Upbit, a crypto exchange to different wallets.

Crypto News 22 Nov #5 – SBF Pocketed $300M In Funding Round.

Sam Bankman-Fried cashed out $300M in the previous funding round. Former FTX CEO Sam Bankman-Fried personally received $300 million from a $420 million funding round for the company in October 2021, according to a Wall Street Journal report that cited FTX financial records it had reviewed, as well as people familiar with the transaction.

Crypto News #6 – Web3 Can Change How Financial Information is Gathered.

Web3 Can Change How Financial Information is Gathered, Processed, and Reported: Nirmala Sitharaman CoinGape 8h ago Quick Summary: While addressing the 21st World Congress of Accountants on Friday, Union Finance Minister Nirmala Sitharaman said that Web3 will change the way financial information is handled.

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Crypto News 22 Nov #7 – Governments should not over-regulate after FTX, lead MiCA negotiator says.

The European Union should hold off on more crypto regulation following the collapse of exchange giant FTX, European Parliament member Stefan Berger said on Twitter. The lead negotiator on the Markets in Crypto Assets (MiCA) file added that regulators should wait until new EU laws about crypto come into force.

Crypto News #8 – Binance Has No Major Plans for the Unviable Indian Crypto Market, Says CZ.

Binance Has No Major Plans for the Unviable Indian Crypto Market, Says CZ. As per CZ, India is not a suitable country for global players, due to its un-friendly approach towards crypto. Zhao stated that Binance will only expand its services to crypto-friendly nations.

Crypto News 22 Nov #9 – FIFA Brings the World Cup to Football Fans in the Metaverse.

FIFA Brings the World Cup to Football Fans in the Metaverse. Football fans following the FIFA 2022 World Cup in Qatar can now buy digital merchandise to support their favorite teams, including “tokenized” NFTs of the most incredible goals, and even “visit” the stadiums virtually.

Crypto News #10 – Singapore’s Regulators Clarify FTX-Binance Issue, Says Investors Not Protected.

The Monetary Authority of Singapore (MAS) released a statement Monday aimed at clarifying common misconceptions regarding the FTX and Binance in the city-state. Among other things, the MAS explained why it was impossible to protect Singapore-based users from the FTX debacle and reminded them of the “huge risks” of dealing in crypto.

Crypto News 22 Nov #11 – US Court Approves Deadline for Celsius Customers to File Proofs of Claim.

A U.S. court has approved collapsed crypto lender Celsius Network’s request to set a deadline for customers to file proofs of claim in the ongoing bankruptcy proceedings.

Celsius’ motion, approved by the U.S. Bankruptcy Court of the Southern District of New York last week, requires customers to submit proofs of claim on or before Jan. 3, 2023. Any person or entity – including individuals, partnerships, corporations, joint ventures, and trusts – is free to file a claim via mail, by hand, or through the claims agent Stretto’s website.

Crypto News #12 – Brazilian Cryptocurrency Bill Resurfaces After General Ballot.

The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. According to reports, the project identified as 4.401/2021 will be on the agenda for being discussed by the Chamber of Deputies, marked as urgent, and listed to be discussed on Nov. 22.

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