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Crypto News Today Live Updates November and Latest News: (16 November 2022) The global digital asset market recorded a marginal recovery over the past day. Traders are still hesitant to take trade due to increased volatility after the FTX crash.
The cumulative crypto market cap stands at $849 billion. However, the 24 hour trading volume has dropped by 24.3% to stand at $61.4 billion.
Crypto News Today Live Updates
Binance Receives Crypto Custody Approval in Abu Dhabi
The Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market has granted a Financial Services Permission (FSP) to crypto exchange Binance. It enables Binance to offer crypto custody services in the Abu Dhabi Global Market (ADGM)
FTX Contagion Reaches Genesis, Grayscale
Crypto brokerage firm Genesis Trading is rumored to be facing potential solvency issues. Clients call is scheduled for tomorrow at 8 AM EST. The firm may dissolve the GBTC and ETHE trusts to pay back their lenders, if the rumor comes out as true.
Dogecoin Creator Takes Jibe Over SBF Recovery Plans
The inventor of Doge recently criticized FTX’s former CEO’s recovery plans in a tweet. Billy Markus, who goes by the name Shibetoshi Nakamoto on Twitter unveils his stand on
Whales Add 468 Mln XRP
More Amicus have submitted their briefs for the Summary Judgement. This has motivated the whales to add more XRP tokens to their wallets.
Crypto whales have added more than 468 million XRP in multiple transactions. Around $181 million worth of XRP has been accumulated by whales in the last 24 hours.
SBF Discloses FTX's Situation After Bankruptcy
FTX Ex-CEO Sam Bankman-Fried (SBF) plans to raise fresh capital to make customers whole after filing for Chapter 11 bankruptcy on Friday. Sam Bankman-Fried asserts his goal is to “raise liquidity, make customers whole, and restart.”
He also disclosed the current liquid, semi-liquid, and illiquid assets at crypto exchange FTX. However, FTX may have over a million in creditors and institutional investors are pulling out of FTX.
BlockFi Prepares for Potential Bankruptcy
BlockFi Inc, a Cryptocurrency lender is preparing a potential bankruptcy filing after halting withdrawals of customer deposits.
It acknowledged that it has “significant exposure” to bankrupt exchange FTX, people familiar with the matter said.
Crypto market registers marginal surge
The global digital asset market recorded a marginal recovery over the past day.
The cumulative crypto market cap stands at $849 billion. However, the 24 hour trading volume has dropped by 24.3% to stand at $61.4 billion.
