Crypto News 3 Dec 2022

Please find below today’s Crypto News 3 Dec Headlines

Crypto News 3 Dec #1 – Terra-Luna Cofounder Attends Court Hearing as He Faces Arrest

Terraform Labs Pte. Ltd. co-founder Shin Hyun-Seung, also known as Daniel Shin, and seven other Terra associates attended a court hearing on Friday morning in South Korea that will decide on the local prosecutor’s request to issue an arrest warrant on the eight individuals.

Crypto News #2 – South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19.

Crypto News 3 Dec #3 – DeFi Protocol Ankr Exploited for Over $5M

The DeFi Protocol, Ankr, Exploited For Over $5M News by Rea K. 10 seconds ago 0 Ankr, a DeFi Protocol system based on BNB Chain, has acknowledged being affected by a multi-million dollar attack on December 1. Earlier today, December 2, on-chain security analyzer PeckShield appears to have been aware of the attack for the first time.

Crypto News #4 – MetaComp becomes the latest crypto exchange to receive a Singapore license

MetaComp becomes the latest crypto exchange to receive Singapore license Exchange. Singapore-based crypto exchange MetaComp has been granted Singapore’s Major Payment Institution license, enabling it to offer digital asset exchange and custody services to institutional investors from Thursday, Dec. 1.

Crypto News 3 Dec #5 – New Whale Becomes 66th Biggest After Adding 648B Shiba Inu

New whale adds 648B Shiba Inu at once. A brand-new Shiba Inu Whale is born and becomes the 66th biggest Shiba Inu holder by adding millions of coins. data revealed that a brand-new Shiba Inu Whale scooped up a staggering 648,463,405,610 (648.46B) SHIB, worth $6,004,771 ($6.00M) in a single transaction from one of the unknown wallets.

Crypto News #6 – CEO Reveals Top Crypto Projects Under $200 Million Market Cap

CEO of Generation Crypto Media, Ben GCrypto has recently revealed a list of projects with a market capitalization below the $200 million mark, which he thinks would be successful. The list followed another ten of his choices where the projects ranked lay between the $200 – $250 million market cap range.

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Crypto News 3 Dec #7 – Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Projects

Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund. The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies in the mid-to-late investment stages.

Crypto News #8 – Hong Kong working on investor protection regulations, says central bank exec

Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.

Crypto News 3 Dec #9 – New York proposes to charge crypto companies for regulating them

The proposal is led by DFS Superintendent Adrienne Harris, who is looking for public feedback on the move as the regulator looks to gain further oversight controls.

Crypto News #10 – Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices

Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices Miners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy.

Crypto News 3 Dec #11 – FTX Japan Might Soon Allow Fund Withdrawals to Its Clients

Bankrupt cryptocurrency exchange FTX will allow its Japan subsidiary to resume withdrawals for its clients. Users of the defunct FTX Japan may be among the exchange’s first customers to receive their funds.

Crypto News #12 – KuCoin Holds 4.43T Shiba Inu As Reserves, Huobi 1.85T, And Bybit 366B

Following the sudden collapse of FTX, prominent cryptocurrency exchanges have continued to publish proof of their reserves to provide more transparency into their crypto holdings.

Interestingly, most crypto exchanges that have published their proof of reserves hold a significant amount of Shiba Inu (SHIB), a digital asset built on the Ethereum blockchain and inspired by the meme token, Dogecoin.

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