Crypto News 25 Nov 2022

Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud.

Please find below today’s Crypto News 25 Nov Headlines

Crypto News 25 Nov #1 – Crypto lender Hodlnaut reportedly faces a police investigation in Singapore

Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud.

Crypto News #2 – Fake crypto awards on the rise during football world cup: research

Global cybersecurity firm Kaspersky has warned against fraudsters taking advantage of football fans during the ongoing FIFA World Cup Qatar 2022.

Crypto News 25 Nov #3 – Whales Started Removing Ethereum (ETH) Holdings

Now, whales seem to have started removing Ethereum from liquidity pools and Defi liquidity platforms. Whales Removing Ethereum (ETH) Holdings According to PeckShieldAlert, a whale has removed 84K Ethereum (ETH) worth almost $103 million from Lido: Curve Liquidity Farming Pool Contract.

Crypto News #4 – BinaryX Releases Concept Art For World-Building MMO CyberLand

Singapore, Singapore, 24th November 2022, Chainwire. BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand, an open-world MMO powered by blockchain technology. The team just released the concept video which gives a first look at the terrains and features of the game.

Crypto News 25 Nov #5 – 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year

New data has shown that as many as 6,100 cryptos and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows that the United States, which has over 34,000 crypto ATMs, accounts for nearly 90% of all the installed machines.

Crypto News #6 – VRJAM Reveals New Project Supported By Epic Games Ahead Of VRJAM’s Coin Launch

Leading immersive live events platform VRJAM today unveiled an exciting new project to empower artists to perform live in the metaverse, powered by the world’s no. 1 game developer, Epic Games.

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Crypto News 25 Nov #7 – Russia Embeds Crypto Into Its Financial Strategy

Russia’s finance ministry has proposed including cryptocurrency in the country’s strategy to increase the financial literacy of the population from 2017 to 2023, according to reports on Friday. The strategy was approved by Prime Minister Dmitry Medvedev last week.

Crypto News #8 – South Korea Revamps Crypto Regulations To Prevent FTX and Terra Repeat

South Korea Revamps Crypto Regulations To Prevent FTX and Terra Repeat Bitcoinist 10h ago Quick Summary: South Korean politician of the People Power Party, Yoon Chang-Hyun, proposed amendments to the digital asset safe transaction bill as he believes the existing bill does not guarantee user protection given the recent FTX collapse.

Crypto News 25 Nov #9 – The Sandbox teams up with K-pop Web 3.0 startup ‘Modhaus

The Sandbox and Modhaus have collaborated in order to create a collaboration that will be advantageous to both parties. This entity is a startup built on K-pop Web3. This collaboration will mark the beginning of the development of an appropriate and sufficient social platform for the benefit of all associated fans. In consequence, they will be in a position to connect with any events that are organized and positioned in the virtual world.

Crypto News #10 – Crypto Exchange Bybit Announces $100M Fund to Support Institutional Clients

Crypto exchange Bybit has established a $100 million fund to support institutional clients “during this challenging period in the crypto industry,” the company said Thursday.

Bybit will offer up to $10 million to existing and new market makers on its platform, as well as dedicated account managers, it said in an emailed statement.

Crypto News 25 Nov #11 – Binance.US to Bid for Crypto Lender Voyager, CZ Confirms

Binance CEO Changpeng “CZ” Zhao has confirmed that the exchange’s U.S. wing will be making a fresh bid for crypto lender Voyager now that the defunct FTX is unable to follow through with acquiring it.

Crypto News #12 – El Salvador Introduced A Bill For The ‘Bitcoin Bonds.’

The government of El Salvador, the first country in the world to adopt bitcoin as legal tender, is seeking congressional approval to issue investment bonds in the cryptocurrency.

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