Newsletter Nov 9, 2022
Crypto Star Sam Bankman-Fried's Halo Fades Selling Out To Bigger Rival Binance — IBT Analysis

Changpeng Zhao revealed on Twitter that his firm has started to examine FTX's books, and if any discrepancy is found, Binance has the discretion to pull out of the deal at any time.


Cryptos Attempt To Steady As Binance-FTX Deal Chills Market

Cryptocurrencies were jittery and groping for a floor on Wednesday, after a sharp and broad drawdown when nerves about the stability of exchange FTX turned to a rush of withdrawals and ultimately a bailout deal from bigger rival Binance.



Japanese Mobile Firm NTT Docomo Plans To Invest $4 Billion In Web3 Industry

NTT Docomo has partnered with Astar Foundation and Accenture to establish a consortium and allow individuals and corporations to utilize crypto coins for governance.

Crypto On Wednesday: Market Crashes

The crypto market crashed on Nov. 9 as Bitcoin dropped below $19,000 and Ether failed to retain $1,300. Altcoins bled profusely as well.

US Attorney Reveals The Second-Highest Crypto Seizure

Over 50,676 Bitcoins and $661,900 in cash as well as various precious metals were seized from the premises of James Zhong who acquired them from Silk Road through illicit means.

Russia's Central Bank Is Working To Integrate Crypto Into Finance

Central Bank of Russia restated that cryptocurrencies and digital assets can never be dubbed as legal tender in Russia.


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