Binance Acquires Sakura Exchange BitCoin

The world’s largest crypto exchange Binance on Wednesday said it has acquired 100% of Sakura Exchange BitCoin (SEBC). The acquisition marks the entry of Binance into the Japanese market as a Japan Financial Services Agency (JFSA) regulated entity.

Animoca Brands Announces $2 Billion Metaverse Fund

Blockchain gaming giant Animoca Brands on Wednesday said it plans to launch an approximately $2 billion fund to invest in metaverse projects.

The fund named Animoca Capital will be used to invest strategically to develop a Web3 ecosystem and create an active market rather than pursuing economic returns. Animoca has made massive investments in crypto projects despite the slowdown amid the bear market.

Terra Luna Co-Founders To Be Arrested?

Reports suggest that South Korean Prosecutors have issued arrest warrants against several Terra employees including CEO Shin.

As per reports, the Seoul Southern District Prosecutors have issued arrest warrants for four early investors with four technicians linked with Terra Lab. An arrest warrant has been issued over the suspicion of fraud and other crimes.

Brazil Approves Crypto Regulation Bill

Brazilian lawmakers finally regulated the crypto market bill. After getting approval the bill is all set to get the final nod of President, Jair Bolsonaro. After seven years of tussle, the Chamber of Deputies adopted Bill (PL) 4,041/2021, which controls the Brazilian cryptocurrency sector, earlier this Tuesday night (29).

Genesis Bankruptcy Could Be Next After BlockFi

Troubled crypto brokerage firm Genesis Global Trading’s creditors have hired restructuring lawyers to prevent the firm from filing for bankruptcy. Genesis currently seeks $500 million in emergency funding from investors and crypto firms after facing trouble raising $1 billion in funds. BlockFi filing bankruptcy has worsened sentiments in the crypto market.

FTX US Users Will Get 100% Of Their Money Back?

A transcript of SBF’s phone interview with Tiffany Fong came out in public. However, the interview reportedly happened five days after FTX filed for bankruptcy on November 11. SBF made several claims over the fund recovery. He said that users of FTX US will get 100% of their money back. Read more here..

Crypto Market Registers Recovery

The global digital asset market printed green indexes for two days straight. The cumulative market cap is up by 2% over the past day. It now stands at $852 billion. The 24-hour trading vol stands at $46.44 billion.