Daily Digest (November 28, 2022)

🔸 Crypto taxation talks gain traction in the EU.
🔸 House lawmakers set first FTX hearing for Dec. 13.
🔸 Lagarde calls for broader crypto regulation following FTX collapse.
🔸 Crypto lender BlockFi files for bankruptcy protection.
🔸 Polygon bridge holds $27 million of unclaimed funds, ZenGo finds.
🔸 Binance moves $2 billion of bitcoin as part of reserves audit.
🔸 Aave pauses lending markets for 17 Ethereum-based tokens.
🔸 Kraken and ConsenSys back staking platform Kiln in $17 million round.
🔸 BlockFi owes $1 billion to just three of its largest creditors: bankruptcy filing.
🔸 'Shrimp' and 'crab' bitcoin balances hit record highs amid FTX collapse.

@Cryptocoinscoach
#CryptoPrimeTime_with_Coach

new trend on twitter.....

Dump it.

APE still going 🚀

According to the bankruptcy documents filed by BlockFi, its creditors exceed 100,000, and its assets and liabilities are between 1 billion and 10 billion US dollars. Its largest creditor is the trust company Ankura, which owes it US$729 million, which is the trustee of BlockFi’s interest account; the second largest creditor is FTX US, which owes it US$275 million; it also includes US$30 million owed to the US SEC.

Seems like BTC is holding 16k support. 1-2 more weeks above 16k and we can expect a pump back to 20k.

Let's see... No rush.

For now, let's keep trading ALTs

@CCCio

C98 : long setup, with a tight stop loss.

Currently trading near the previous week low, possible bounce🚀

CCC.io

LINK unstoppable

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https://twitter.com/CryptoCoinCoach/status/1597577227977330688?s=20&t=mTbwN4b9GrDi1PuceSLQ1g

Crypto exchange Bitfront is shutting down! The exchange has set March 31, 2023, as the deadline to clear all the deposits and withdrawals of investors.

The current challenging market pushed Bitfront into making a choice. They chose to close their services in order to continue growing the LINE blockchain ecosystem and LINK token economy.

Bitfront is backed by Japan-based LINE Corporation. Bitfront is facing its downfall less than 3 years of its launch.

https://www.livemint.com/market/cryptocurrency/explained-why-is-crypto-exchange-bitfront-shutting-down-11669708786464.html

📍 Follow @Coins for the hottest news in crypto.

Daily Digest (November 29, 2022)

🔸 Crypto wallet Phantom is expanding to Ethereum and Polygon.
🔸 FTX-backed DEX Serum calls itself 'defunct,' promotes community fork.
🔸 Aptos Labs partners with MoonPay for Petra wallet integration.
🔸 DeFi lender Compound to set borrow caps on 10 crypto collateral assets.
🔸 Fintech Plum rolls out crypto investing to customers in Europe.
🔸 MakerDAO is voting on increasing yield for the dai stablecoin.
🔸 Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit.
🔸 Silvergate Capital reports less than $20 million in BlockFi deposit exposure.
🔸 FTX making non-U.S. vendor payments, depositing salaries.
🔸 US crypto exchange Kraken reaches agreement with Treasury Department.

@Cryptocoinscoach
#CryptoPrimeTime_with_Coach

┌ #AVAXUSDT 🟢 Buy Volume
├ Volume: 195.008K ₮
┊ ┌Buy Vol: 178.528K ₮
┊ └Sell Vol: 16.480K ₮
├ ΔPrice: 12.82 > 12.88 [0.5%]
├ Vol(24h): 17658238 ₮
├ CMC: #18
├ [Futures] Funding Rate: 0.008%
┊
┊ Trade It Here
└ @CryptoCoinsCoach

Buying AVAX here

Just In: Binance announced it has acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider. Through this acquisition, Binance enters the Japanese market, as a Japan Financial Services Agency regulated entity. — link

FTM 🚀