Short cryptonews for this week 45/52 (2022)

Short cryptonews for this week 45/52 (2022)

By Pasucaru | Crypto on fire | 12 Nov 2022


- BTC jostled by FTX exchange dram. Bitcoin drops below $16,000 this week, the lowest in 2 years. At the same time a year ago, on November 10, 2021, bitcoin made its all-time high at ~$69,000.

- It is paradoxical but the country that holds the most BTC is also the one that prohibits the use and mining of BTC. China has a total of 194,775 bitcoins.

- 55 days after the Merger ETH turns deflationary amid intense cryptocurrency market fear.

- Following a lack of liquidity of the FTX exchange, last updated $2.6 billion illiquid hole  ($8.8 billion debt - $0.9 billion cash - $5.3 billion illiquid), the exchange is placed under court supervision (Chapter 11), final stage before liquidation and has not finished counting the collateral damage.

- CZ, the boss of Binance, believes that all cryptocurrency exchanges should use proof of reserves.

- APTOS blockchain partners with Google Cloud to launch an acceleration program.

- The US Department seized 50,676 BTC worth $3.36 billion (in 2021) in the Silk Road case, the largest cryptocurrency seizure in history.

- Crypto.com unveiled as official sponsor of FIFA World Cup Qatar 2022.™ (First match November 20, 2022)

- Argentina's largest neobank Uala of 4.5 million customers, supported by George Soros, to launch Bitcoin and Ethereum trading for its 4.5 million users.

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Pasucaru
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Crypto on fire
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