Crypto News 4 Dec 2022

Please find below today’s Crypto News 4 Dec Headlines

Crypto News 4 Dec #1 – Cardano Ranks Among Top Staking Networks, Report Finds

According to staking rewards, Cardano ranks as the second largest staking network after Ethereum with a staking market cap of $8 billion, while Ethereum had a $21 billion staking market cap. Here are the details on the top two PoS blockchains.

Crypto News #2 – Genesis owes $900 million to Gemini customers: Financial Times

Embattled crypto broker Genesis and its parent company Digital Currency Group (DCG) owe users of Gemini Earn $900 million, the Financial Times reported on Saturday.

Gemini had used Genesis as its primary lending partner for its high-yield Earn service, which allowed customers to deposit their cryptocurrency in exchange for interest, similar to a bank account, offering returns of between 0.45% and 8% depending on which token you deposited.

Crypto News 4 Dec #3 – Korean VC Firm Daesung Private Equity Announces $83 Million, Metaverse Fund

Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million).

Crypto News #4 – Opera Crypto Browser to enable instant NFT minting through launchpad

The firm stated that it has partnered with Alteon LaunchPad to let beginners in Web3 or the NFT space easily mint NFTs. With the integration, users will be able to access a feature that lets them drag and drop media files into the browser, which writes a smart contract and uploads the file into a blockchain, turning the files into NFTs.

Crypto News 4 Dec #5 – Zipmex Sees Buyout Offer of $100M as it Secures Creditor Protection

Zipmex Sees Buyout Offer of $100M as it Secures Creditor Protection: Report Embattled cryptocurrency exchange Zipmex is all set to be acquired by V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, for $100 million. The venture capital fund is reportedly offering $30 million in cash, and the rest will be paid in crypto tokens.

Crypto News #6 – SHIB Sees $100,000,000 Trading Volume

SHIB Sees Over $100 Million in Trading Volume in 24 Hours SHIB has seen trading volume across major cryptocurrency exchanges of over $125 million in the past 24 hours. That’s impressive, but, according to TradingView data sourced from Coinbase, doesn’t represent much of a deviation from the volume profile that SHIB has seen in recent weeks.

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Crypto News 4 Dec #7 – Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets

Uzbekistan approves rules for the issuance and circulation of crypto assets. The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country.

Crypto News #8 – Alibaba Signals Major Crypto Push By Joining This Avalanche Network

Alibaba Cloud has trumpeted a series of collaborations with popular networks and organizations in recent times, however with its latest collaboration with Avalanche, it has finally stepped into the crypto-space to further accelerate the tech giant’s support for Web3.

Crypto News 4 Dec #9 – Ripple CEO Believes Regulators Should Make It Harder to Pull Off FTX-Style Scams

Ripple CEO Believes Regulators Should Make It Harder to Pull Off FTX-Style Scams. Alex Dovbnya Ripple CEO Brad Garlinghouse believes that regulators should disincentivize “horrible behavior”.

Crypto News #10 – Alameda invested $1.15 billion into crypto miner Genesis: Bloomberg

Alameda has invested a total of about $1.15 billion in Genesis Digital, valuing the company at $5.5 billion in an April fund-raising round, according to an internal spreadsheet listing FTX and Alameda’s venture portfolio.

Crypto News 4 Dec #11 – Whales Move 143 Mln XRP; Is Ripple Winning The Lawsuit?

XRP, Ripple’s native crypto might witness a huge surge ahead as defendants in the crucial XRP lawsuit filed their redacted reply to the SEC’s opposition motion for Summary Judgment. As this XRP news broke out whale trackers recorded some huge transfer transactions.

Crypto News 4 Dec #12 – President of Russia Calls for an Independent Blockchain-Powered Global Payment Network

Russian President Vladimir Putin criticized the monopoly in global financial payment systems and called for an independent and blockchain-based settlement network on Nov 24, speaking at the International AI Journey Conference in Moscow.

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