Crypto News 23 Nov 2022

Investor Groups Allowed FTX Scam To Grow, Claims Ripple CTO. The crypto market is still struggling to recover from the recent FTX collapse. However, David Schwartz, Ripple CTO has drawn some key learnings from the FTX fiasco.

Please find below today’s Crypto News 23 Nov Headlines

Crypto News 23 Nov #1 – Investor Groups Allowed FTX Scam To Grow, Claims Ripple CTO.

Investor Groups Allowed FTX Scam To Grow, Claims Ripple CTO. The crypto market is still struggling to recover from the recent FTX collapse. However, David Schwartz, Ripple CTO has drawn some key learnings from the FTX fiasco.

Crypto News #2 – S Korean Regulators Draft New Crypto Laws to Prevent More FTX and Terra ‘Incidents’.

S Korean Regulators Draft New Crypto Laws – to Prevent More FTX and Terra ‘Incidents’ Source: Allexxandarx/Adobe Financial regulators in South Korea want to impose a raft of new crypto-related laws – in direct response to the collapse of the FTX crypto exchange and the implosion of Terra ecosystem coins in May.

Crypto News 23 Nov #3 – Bitpanda’s Local Unit Obtains German Crypto License.

Bitpanda’s Local Unit Obtains German Crypto License CoinDesk 8h ago Quick Summary: DO NOT PUBLISH The Austrian crypto exchange can now offer custody and proprietary trading services to customers in the European country. Austrian exchange Bitpanda has obtained a crypto license in Germany through its local unit, the company said Tuesday.

Crypto News #4 – Huobi plans Southeast Asia, Europe, and Caribbean expansion.

Huobi Global, one of the world’s largest cryptocurrency exchanges, plans to ramp up its investments in Southeast Asia and Europe as part of its global expansion, the company said in a statement on Tuesday.

Crypto News 23 Nov #5 – Iris Energy to cut mining hardware after defaulting on a $108M loan.

Iris Energy to cut mining hardware after defaulting on $108M loan. The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.”

Crypto News #6 – Binance Becomes Top Bitcoin Reserve Holder, Passes Coinbase.

The latest development sees the exchange surpass Coinbase as the top reserve holder of bitcoin. According to CryptoQuant, Binance’s 588,130 bitcoin represent just under 3% of the total supply of 21 million. Another source, CoinGlass, shows Binance at 578,000, still above Coinbase Pro.

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Crypto News 23 Nov #7 – Cardano (ADA) Now Supported by Coinbase Japan.

ADA Is Now Listed For Trading On Coinbase Japan. Coinbase Japan has listed Cardano’s native token ADA for trading per a tweet from the crypto exchange.

Crypto News #8 – Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’.

The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.”

Crypto News 23 Nov #9 – Warren Buffet’s Berkshire Hathaway warns of scam crypto sites with the same name.

Warren Buffett’s Berkshire warns about the crypto website using its name Berkshire Hathaway Inc, run by billionaire Warren Buffett, on Friday warned investors it has no affiliation with a purported cryptocurrency brokerage website using the Berkshire Hathaway name.

Crypto News #10 – The Reserve Bank of India to launch a retail CBDC pilot in December.

The Reserve Bank of India to launch a retail CBDC pilot in December. Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch within a month.

Crypto News 23 Nov #11 – FTX Left With $1.24 Billion Cash Balance.

FTX holds a $1.24 bln cash balance and reports fresh cyberattacks. Striken crypto exchange FTX has suffered cyberattacks and “substantial” assets are missing, attorneys for the firm said on Tuesday after a court filing said the firm has a total cash balance of $1.24 billion.

Crypto News #12 – Chainlink Economics 2.0 Upgrade Surges LINK Social Activity.

The social activity of Chainlink’s token, LINK, rapidly increased since the company announced the protocol upgrade, Chainlink Economics 2.0. The social activity of Link surged from 35,540 yesterday to 44,173 and is expected to keep rising.

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