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Breaking News Today Live Updates November and Latest News: (7 November 2022) The global crypto industry registered a sharp drop over the past day. Traders are doubtful while trading in the market due to several recent reasons.
The global digital asset market is down by over 1.5% over the past day. It now stands at $1.04 trillion. However, the 24 hour trading volume is up by 9% to stand at $72.72 billion.
However, Facebook, now Meta is planning to launch a massive layoffs plan this week.
Breaking News Today Live Updates
U.S. DOJ Seizes Over 50,000 BTC Related to Silk Road
According to a report released on Monday by the U.S. Department of Justice, investigators seized $3.36 billion in Bitcoin from a man who had illegally purchased more than 50,000 bitcoin on the Silk Road dark web marketplace over a decade ago.
Library Loses SEC Case
Library loses the case with the U.S. SEC. “New Hampshire Court finds that LBRY offered LBC as a security.”
META Layoff News Updates
The META share price is currently at $96.20, up around 6% today. This comes at the back of the tech company announcing its layoff plans.
SEC Can’t Win XRP Lawsuit Over Howey Test
According to Attorney Jeremy Hogan, the SEC’s motion for summary judgment might not get approved over several claims. He highlighted that the commission cannot meet the burden of elements of the Howey test.
Elon Musk Arguew Jack Dorsey
Musk tweeted that Twitter needs to become the most accurate source of information about the world. Twitter founder Jack Dorsey replied to the tweet, “accurate to who?” Dorsey and Musk argued over the name Birdwatch.
Elon Musk Suspends American Comedian Twitter Account
Musk wrote on Sunday that Twitter will now permanently ban impersonating accounts without warning unless they are clearly marked as parodies. Kathy Griffin, an American comedian, has been suspended from Twitter.
FTX Faces Difficulty Processing Bitcoin Withdrawals, Stablecoins Redemptions
Crypto exchange FTX is currently facing difficulty processing Bitcoin transactions and Stablecoins’s creation and redemptions. FTX’s founder Sam Bankman-Fried earlier ensured users that deposits and withdrawals are working fine
FTX Ethereum Reserves Reaches Its Lowest
As per reports, FTX’s ETH reserves have dropped to the lowest level since November 2020. The current number of FTX Ethereum Reserve stands at 108,246.43. However, its Ethereum Reserve has dropped by 300,000 over the past 2 days.
FTX token price down by 14% in 7 days
FTX Token (FTT) price has dropped by more than 14% over the past 7 days. It is trading at an average price of $22.11, at the press time. Its 24 hour trading volume is up by 274% to stand at $697 million.
Meta Prepares For Massive Layoffs
Facebook, now Meta is planning to launch a massive layoffs plan this week. As per reports, this could be the largest layoff round in recent times. It is expected that thousands of employees will be affected by this decision.
Crypto market registers broad slump
The global digital asset market is down by over 1.5% over the past day. It now stands at $1.04 trillion. However, the 24 hour trading volume is up by 9% to stand at $72.72 billion.
