Crypto News 27 Nov 2022

Please find below today’s Crypto News 27 Nov Headlines

Crypto News 27 Nov #1 – American regulators to investigate Genesis and other crypto firms

Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25. Joseph Borg, director of the Alabama Securities Commission, confirmed that its state and several other states are participating in inquiries regarding Genesis’ alleged ties to retail investors.

Crypto News #2 – Crypto Giant Binance Releases Proof of Reserves System in Push Toward Transparency

Global crypto exchange giant Binance is releasing a proof of reserves (PoR) system to increase transparency following the FTX implosion. Binance says they are committed to disclosing proof of reserves, which means releasing evidence of a one-to-one ratio of reserves to investors’ assets.

Crypto News 27 Nov #3 – Animoca Brands launches Mocaverse NFT membership collection

Animoca Brands has introduced Mocaverse, an NFT collection for its family and friends. This collection is reserved exclusively for those who are in close relation to Animoca Brands. It will champion the values of the organization as it seeks to support the advancement of Web 3 and digital property rights.

Crypto News #4 – Polkadot incentivizes its community to fight scams

Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams.

According to the company, relying on security-minded individuals within its community to fight scams has proven to be an effective method of safeguarding its ecosystem. To incentivize the members of its community to continue to do the work, Polkadot consistently rewards them with bounties paid in USD Coin.

Crypto News 27 Nov #5 – 421 Million XRP Moved As Price Spikes By 15% Over Week

As per Whalestats, the biggest of the crypto whales moved more than 421 million XRP amid the price surge. Whales have moved approx $170 million worth of XRP in the last 24 hours. Whales added 139 million XRP (approx worth $56 million) from the Bitstamp crypto exchange.

Crypto News #6 – Cardano ($ADA) Network Added 100,000 Wallets so Far This Month, Data Shows

Data from the Cardano ($ADA) network shows that the number of wallets on it has grown by over 100,000 so far this month in the wake of FTX’s collapse, as cryptocurrency users are seemingly moving their funds to wallets they control on-chain.

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Crypto News 27 Nov #7 – Aragon Project adds $20 million in ether to the treasury for safety amid FTX collapse

The Aragon Project increased the ether (ETH) holdings in its treasury by over $20 million in an attempt to improve its exposure to more censorship-resistant crypto assets. Aragon swapped Aragon Project adds $20 million in ether to the treasury for safety amid FTX collapse.

Crypto News #8 – Shiba Inu (SHIB) Accepted as Payment by This Berlin-based Footwear Maker

According to an announcement made by the crypto payment processor BitPay, SHIB holders can use their assets to pay for shoes from the footwear brand Atheist and enjoy 10% off for a limited time. The brand, Atheist Shoes, was founded by Irishman David Bonney and has its headquarters in Berlin.

Crypto News 27 Nov #9 – Dogecoin Pumps 15% as Elon Musk Says He May Launch Alternative Smartphone

Dogecoin has demonstrated a massive growth of over 15 percent in the past twenty-four hours. It came after the new Twitter boss Elon Musk said that he will launch his own smartphone should Twitter have problems in the popular mobile app stores. Musk threatens to compete with iOS and Android.

Crypto News #10 – Bitcoin worth $1.5B leaves Coinbase; Mid-cap tokens outperform Bitcoin

The biggest news in the crypto-verse for Nov. 25 includes Binance publishing BTC proof of reserve, BNB hitting 6% market dominance as mid-cap tokens outperform Bitcoin, 100,000 Bitcoin worth over $1.5 billion leaving Coinbase in 48 hours, and CoinList denying rumors of insolvency. Bitcoin worth $1.5B was withdrawn from Coinbase in 48 hours.

Crypto News 27 Nov #11 – Shiba Inu Holders Burn 21M SHIB Tokens in 9 Transactions

Over the past 24 hours, millions of Shiba Inu tokens were sent to the official dead wallets. @Shibburn, a Twitter account that tracks token burn transactions, noted that 21,135,647 (21.13 million) SHIB were incinerated in the past 24 hours. According to the announcement, the tokens were burned in nine different transactions.

Crypto News #12 – Bank of Japan to Launch Digital Yen Pilot Program Next Year

The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions and experimenting with its functionality in environments without internet connections.

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