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Sam Bankman-Fried, also known as SBF, commented on the FTX US’s solvency in a recent interview conducted by Andrew Ross Sorkin for The New York Times at the publication’s annual DealBook Summit.

He said that “The US platform—the US-regulated platform with American users—to my knowledge, that’s fully solvent. That’s fully funded and I believe that withdrawals could be opened up today and everyone could be made whole from that.”

SBF believed that FTX US derivatives and Ledger X, might “even be up and running right now.”

Crypto providers will have to report details of their EU clients’ transactions to national tax authorities within the bloc, under a bill set to be proposed by the European Commission next week. 

The new law, inspired by international standards designed to curb crypto tax evasion, could also apply to stablecoins, derivatives, and non-fungible tokens (NFTs), and force even non-EU-based crypto providers to register within the bloc, the document reveals.

Under the plans, crypto asset providers would have to collect and verify information about their users such as names, addresses, social security numbers, and dates of birth, which would then be sent to the tax authorities in the user’s country of tax residence.

Recently, a transcript of Tiffany Fong’s phone conversation with SBF surfaced. According to reports, the interview took place five days after FTX declared bankruptcy on November 11. SBF makes a few exaggerated statements concerning fund recovery in this interview.

he assured customers of FTX US that they would receive a complete refund. SBF continued in his phone interview: “If nothing happens, if I can never do anything again… Users of FTX will receive $1 for every $1 spent, while FTX will receive $25 for every $1 spent.

Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, has been intermittently appearing on Twitter lately. He is reportedly scheduled to speak on November 30 at the DealBook Summit, the annual conference of the New York Times.

The “KuCoin Earn” deposit interest rate on the current platform has reportedly risen, with annualized interest rates of 229% for ETH, 305% for BTC, and 100% for USDT, according to the official website of the cryptocurrency trading platform KuCoin.

Since the FTX crash, numerous platforms with the claim of offering high-interest deposits have closed down one after another, which is curious while cryptocurrency bears continue to slump. Where did the interest rate get so high?

Some investors are using high-interest rates to entice user deposits because they think KuCoin is experiencing a liquidity issue. Many Twitter users advocate for quickly withdrawing deposits. KuCoin representatives, meanwhile, have not responded to any comment.

Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, effectively increasing the size of the fund to over $2 billion. The additional allocation was announced by Binance CEO Changpeng “CZ” Zhao on Friday.

The size increase comes a day after CZ said that Binance is targeting $1 billion for its crypto recovery fund. Aptos Labs, Jump Crypto, along with other prominent crypto companies joined Binance’s initiative and will contribute $50 million to the fund.

According to a recent tweet from Wublockchain, The Poloniex exchange, which Justin Sun acquired from Circle in 2019, will merge with his recently acquired Huobi exchange, according to sources familiar with the matter. Coingecko shows that Poloniex’s daily spot trading volume is only 1/10 of Huobi’s. 

On November 24th, deposits and withdrawals for stablecoins on the BEP20 (BSC) network were suspended by the cryptocurrency exchange Poloniex. These include Binance’s own BUSD as well as USDT, USDC, and TUSD. However, the cryptocurrency exchange did not elaborate on the reasons behind its unexpected suspension of BSC stablecoin services.

Coinlist, one of the top cryptocurrency crowdfunding platforms, has halted its withdrawal. As per WuBlockchain tweet, Some community members reported that Coinlist, the largest cryptocurrency crowdfunding platform, was unable to withdraw coins. The official reason is that the custody partner is undergoing maintenance, but it has lasted for more than a week. Coinlist incurs a $35M loss in a 3AC crash.

Bybit, a cryptocurrency exchange, announced on Thursday that it had created a $100 million fund to aid institutional clients “during this challenging period in the crypto industry,” the company said Thursday” . Bybit would provide specialized account managers as well as existing and new market makers on its platform with up to $10 million.

“We are all in this together, and it’s up to everyone to do what they can to support our industry and this is one way we are helping to give back,” Bybit CEO and co-founder Ben Zhou said in the statement.

Bybit joins Binance, the biggest, in attempting to seize an opening presented by the recent turmoil in the industry.

ConsenSys, one of the companies responsible for the Ethereum merger, revealed on Thursday that it also gathers user information for its on-chain wallet service MetaMask. According to ConsenSys, it gathers certain information about user identification. such as contact details, profile information along with some other user data.

The company noted that the Ethereum wallet address and user’s IP address will be collected by Infura, the default remote procedure call (RPC) provider while utilizing the digital wallet MetaMask. The RPC protocol allows users to ask a program operating on a different computer server for data and information. The financial information won’t be gathered on MetaMask if a user changes to a different RPC. ConsenSys’s products include the digital wallet MetaMask and the Infura blockchain tool development company.

CEO Changpeng “CZ” Zhao ( @cz_binance ), who is considering a bid for assets of bankrupt crypto firm Voyager, said on @BloombergTV his company is mistakenly believed to be Chinese “because I look Chinese”. “Binance is not a Chinese company, we are not related to China at all.”

CZ stated that the Binance team is engaging with Genesis, but does not know the details; even if Genesis is down, it will not affect the industry, and other players will take its market; Binance US is also bidding on Voyager.

Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector, its Chief Executive Officer Changpeng Zhao said. “If that’s not enough we can allocate more,”.

Zhao has been a key figure in a period of tumult for crypto. His tweets highlighting concerns about the health of Sam Bankman-Fried’s rival FTX exchange and trading house Alameda Research spurred their collapse.

“Many other exchanges are trying to copy us, but are facing issues,” CZ said, adding that publicly listed companies “don’t list their assets directly, they hire a third party to do so and that becomes less transparent since it’s in US dollar and not in crypto assets particularly.”

The Bahamas’ Securities Commission claims that the ongoing “hacking attempts” on the digital assets of FTX hint that they were right to seize control of the exchange’s assets on November 12.

In its most recent statement, the commission claimed that although it had stopped FTX Digital Markets’ (FDM) ability to conduct business and removed its directors’ authority on November 10, these actions were insufficient to safeguard FDM’s clients and creditors.

The commission added that it sought a ruling from the Supreme Court authorizing the transfer of all digital assets from FTX to the commission for “safekeeping” because of the “nature of digital assets” and “the risks associated with hacking and compromise.”

The Twitter CEO made clear that Bankman-Fried ‘does not own shares in Twitter as a private company and ‘neither I nor Twitter has taken any investment from SBF/FTX.’

A former New York Times writer was accused of collaborating with the former CEO of a cryptocurrency company, and Elon Musk asked that the reporter reveal whether he had any financial ties to failing FTX chairman Sam Bankman-Fried.

Musk has been outspoken about the media and tweeted that the ownership of the news organization Semafor by SBF creates a significant conflict of interest with regard to reporting. A photo of SBF’s inclusion in the funding round was posted by Elon Musk.

In his recent tweet he slammed SBF saying If SBF was as good at running a crypto exchange as he was at bribing media, FTX would still be solvent!

Sam Bankman-Fried, the founder of FTX, announced on Wednesday that he would be speaking at an upcoming New York Times summit on November 30.

According to a New York Times representative, Bankman-Fried is now scheduled to take part in the interview from the Bahamas. The speaker page had previously described Bankman-Fried as “C.E.O., FTX,” according to a Gawker article from November 11. The speaker page, however, now indicates that his title has been changed to “Founder, FTX,” indicating his resignation from the role since FTX’s bankruptcy filing.

The list of interviewees and speakers includes Bankman-Fried, New York City Mayor Eric Adams, BlackRock CEO Larry Fink, former Vice President Mike Pence, Treasury Secretary Janet Yellen, Ukrainian President Volodymyr Zelensky, and others.

According to semafor report, 2 weeks after clinching a deal to buy Twitter for $44 billion, Musk texted Bankman-Fried and invited him to roll the $100 million stake he had owned for a few months into a privately held Twitter. An FTX balance sheet prepared after the takeover closed on Oct. 28, and circulated to investors earlier this month, listed Twitter shares as an “illiquid” asset.

The previously unreported message, which was reviewed by Semafo discloses that Bankman-Fried owns a sizable chunk of a now privately held and debt-laden Twitter. Musk, who has publicly distanced himself from the crypto impresario since FTX failed earlier this month, now counts him as a financial partner in his effort to remake Twitter.

Overall, a few hours after the article was published, Musk himself denied the story, calling it false, and denied that the CEO of what was formerly one of the biggest exchanges in the world was involved in the acquisition of the social networking site.

Data from WhaleAlert shows that over 225 million XRP tokens have been traded on and off of cryptocurrency exchanges by whales. Despite the increasing volatility in the cryptocurrency market, whales have collected more than 165 million XRP tokens in the last 24 hours. The entire worth of the whale collection is around $61 million.

The highest whale accumulation, as determined by the tracker, came from the cryptocurrency exchange Bitstamp and is valued at nearly $20.3 million. These whales have additionally contributed more than 96 million XRP from the same exchange when taken together.

By November 30, Ripple’s response to the SEC’s brief on the summary judgment request might be sent to the judge, which is seen to be crucial at this point. John Deaton, the lawyer defending XRP investors in court, also mentioned the settlement’s terms. He asserted that a Settlement would occur either when the SEC provided Hinman’s documentation or when the LBC token from LBRY would be asked to be recognized as a security.

El Salvador is moving forward with plans to issue bitcoin-backed bonds, as the country’s national assembly is considering a draft bill to regulate digital securities.

Maria Luisa Hayem Breve, the nation’s minister of economy, delivered the measure to the Legislative Assembly of El Salvador. The proposed legislation would create a National Digital Assets Commission to supervise the licensing of companies that create digital assets as well as other parties participating in the “public offering process” of digital securities.

If adopted, the new regulations call for the establishment of a Bitcoin Fund Management Agency that will be in charge of managing, protecting, and investing “funds from public offerings of digital assets carried out by the State of El Salvador and its autonomous institutions,” as well as any returns from these offerings.

On Tuesday, Kathy Hochul, the governor of New York, signed legislation outlawing some bitcoin mining businesses that use carbon-based energy sources. A proof-of-work mining firm will not be permitted to expand, renew permits, or allow new competitors to start operations for the next two years unless it employs only renewable energy.

The governor went on to say that it was an important move for New York in its efforts to reduce its carbon footprint by cracking down on mining that use electricity generated by fossil fuel-burning power plants.

A proof-of-work (PoW) mining measure was approved by the New York State Senate in June of this year in an effort to allay some of the environmental worries about cryptocurrencies. The bill was approved by the State Assembly in may

Since their yearly lows, Bitcoin, Ethereum, and the majority of cryptocurrencies have experienced a market-wide rally with modest increases. Even if it has increased by nearly 4% in the last 24 hours to $855 billion, the global crypto market cap today is still below the $1 trillion threshold.

At $15,932, the price of Bitcoin has remained above the resistance level. BTC will probably trade above $16,300 in the near future if the bulls can maintain the advantage they have today. Ethereum, on the other hand, bounced off the level even though it fell to its lowest level at $1,074.

On November 23, 2022, the U.S. FOMC minutes reports have not yet been made public. Investors’ confidence in the crypto market could also be rising due to their belief that the United States Federal Reserve could roll out smaller-sized interest rate hikes in the next two months.

As the government implements strict measures to stop increasing inflation, FOMC meetings are fairly favorable for the broader crypto market. This has a beneficial effect on the crypto space in turn, but only briefly. The next meeting minutes could also have a negative effect on cryptocurrencies and stocks.

In a volatile market, the price of Litecoin has recently risen. LTC Price defied the downward trend in the market by generating gains of 19% over the previous week to lead the top 100. The alternative currency increased by 13.7% over the previous day, rising from $61.53 to $70.10.

As On-chain metrics suggest investors are hodling $LTC . Analysis of Glassnode data suggests users increasingly view Litecoin as a store of value. The Santiment report reveals that LTC’s daily on-chain transaction volume in profits was 153,000. On the opposing end, the daily on-chain transaction volume in the loss was 163,000.

The social engagement and mentions Metrics hint that the altcoin maintained a favorable position, according to the LunarCrush statistics. Platform suggested that despite being in 98th place, the increase in social levels has impacted LTC’s market reaction.

The collapsed FTX exchange and other related companies that filed for bankruptcy on Nov 11 has launched a strategic review of global assets. The firms have requested to operate its new cash management system. As per the filings at court, FTX has appealed the court to allow them to pay a petition claim of $9.3 million to vendors.

The reports claim that the largest financial position is held by FTX EU Ltd which holds nearly $49.4 million in cash. Whereas West Realm Shires Services Inc and other acquisitions of FTX hold nearly $48.1 million. The collapse of FTX and its related firms is one of the biggest crisis in the crypto industry