📣📣 COIN BUREAU NEWSFLASH! – (15/11/22)
Here are some of today’s most important headlines:

1️⃣ Turkish Law Enforcement Investigating FTX's Local Arm Following Wipeout ⚖️

According to an official notice published by Turkey's Financial Crimes Investigation Agency yesterday, the agency is investigating FTX.com and will look into people, institutions, banks and crypto service providers related to FTX including local subsidiary FTX Turkey.

According to reports, FTX Turkey is working to process customer withdrawals and has provided a Google Form for users seeking to receive their funds. It requested users to share their International Bank Account Number to proceed with the refund process. However, the delivery date has not been specified by the exchange.

FTX Turkey stated,

"Even during the technical difficulties caused by FTX.com, the FTX TR [Turkey] team worked hard not to victimise the users by giving their best and continues to work. Sharing transparent information about the process from its social media accounts, we manage this process professionally and in a way that does not harm its users.”

https://www.coindesk.com/policy/2022/11/14/turkish-law-enforcement-investigating-ftxs-local-arm-following-wipeout/

2️⃣ Wallet Linked to Vitalik Buterin Sells Off $3.75 Million In Ethereum 🤔

According to reports, a wallet known to be associated with Ethereum founder Vitalik Buterin has sold 3,000 ETH over the weekend, converting the ETH into U.S. Dollar-backed stablecoins via three separate transactions done on the decentralised exchange UniSwap. The ether was sold at a price of $1,254.95, placing the value of the total outflow at about $3.8 million. However, prominent Ethereum developer Evan Van Ness has responded to reports of these transactions by saying that Buterin told him the wallet in question is not his.

https://decrypt.co/114603/wallet-linked-to-vitalik-buterin-sells-off-3-75-million-in-ethereum

3️⃣ Nike To Debut Its Own Platform for Web3 Wearables 🚀

Sports brand Nike is reportedly planning to launch the first digital collection on its .Swoosh (pronounced “dot swoosh”) platform next year. The platform will allow Nike fans to collect promote, and co-create virtual shoes and other virtual wearable items with the company. The platform is currently in beta.

Ron Faris, GM of Nike Virtual Studios, stated,

“We are shaping a marketplace of the future with an accessible platform for the web3-curious. In this new space, the .Swoosh community and Nike can create, share and benefit together.”

https://www.theblock.co/post/186733/nike-to-debut-its-own-platform-for-web3-wearables

4️⃣ Bored Ape Creator Yuga Labs Acquires Beeple’s WENEW, 10KTF NFT Project 🤝

According to an announcement by Yuga Labs, the Bored Ape Yacht Club creator has acquired NFT platform Wenew and its flagship NFT collection, 10KTF, co-founded by famed artist Mike “Beeple” Winkelmann.

As part of the acquisition, Beeple will become an advisor to Yuga Labs while Michael Figge, the co-founder and CEO of Wenew, will also join Yuga Labs as its chief content officer. Around 20 Wenew employees are expected to follow Figge to Yuga Labs.

Greg Solano, co-founder of Yuga Labs, stated

“Figge, Beeple, and the Wenew team have found a way to create a captivating serialised story for web3, while also managing to tap into the passion people have for their digital avatars and customisation.”

https://decrypt.co/114614/bored-ape-creator-yuga-labs-acquires-beeples-wenew-10ktf-nft-project

5️⃣ Sam Bankman-Fried Posts Weird Cryptic Tweets After FTX Collapse 😵‍💫

Sam Bankman-Fried, the founder and former CEO of FTX, has posted a series of cryptic tweets that has crypto Twitter going crazy with speculation on the message behind the tweets.

The tweets which were posted over a period of 24 hours spelt out the words “What HAPPENED” and ended the thread with the message: “NOT LEGAL ADVICE. NOT FINANCIAL ADVICE. THIS IS ALL AS I REMEMBER IT, BUT MY MEMORY MIGHT BE FAULTY IN PARTS.”

When asked about his cryptic tweets in a Nov. 14 interview with the New York Times, Bankman-Fried stated, “It’s going to be more than one word. I’m making it up as I go.” When asked why he said “I don’t know,” and added “I’m improvising. I think it’s time,” seemingly refusing to explain further.

The cryptic tweets have sparked various theories, such as SBF attempting to use the tweets to plead insanity, a secret message to a former co-worker, and that SBF is simply trolling the internet.

https://www.bloomberg.com/news/articles/2022-11-15/sam-bankman-fried-posts-cryptic-tweets-after-losing-16-billion-in-ftx-wipeout

6️⃣ Argus CEO: Alameda Pattern of Trading FTX Listings 'Seems Not Coincidental' 🔎

According to an analysis from crypto compliance firm Argus, Alameda Research reportedly used prior knowledge of tokens that were scheduled to be listed on FTX to buy them ahead of the public announcements. However, Owen Rapaport, CEO and co-founder of Argus, also stated that it is unclear whether Alameda subsequently traded those tokens “as most of their selling is done off-chain.” The report states that Alameda held $60 million worth of 18 different tokens that were eventually listed on FTX between the start of 2021 and March of this year.

https://www.theblock.co/post/186986/argus-ceo-alameda-pattern-of-trading-ftx-listings-seems-not-coincidental

The fallout of the #FTX collapse appears to be a dramatic shift towards self-custody, especially for $BTC and $ETH.

In our latest video report, we explore the net inflow of stablecoins to exchanges, and historical outflows of #Bitcoin and #Ethereum

Watch our latest video report: FTX Fallout and the Rise of Self-Custody

📣📣 COIN BUREAU NEWSFLASH! – (16/11/22)
Here are some of today’s most important headlines:

1️⃣ Ripple Urges UK to Craft ‘Bespoke Regulatory Framework’ for Crypto 🚀


Ripple, the company behind the B2B blockchain payment system utilising the “XRP” token to facilitate cross-border payments, has released a "regulatory white paper" with recommendations for UK policymakers and regulators drafting laws on crypto policy. The “whitepaper” comes as the country prepares to make revisions to its Financial Markets and Services Bill, which is set to define the nation’s crypto regulation framework.

The core of Ripple’s recommendations centre around finalising “a clear regulatory framework that distinguishes between different types of crypto asset activity.” It draws inspiration from other jurisdictions which are further ahead in enforcing crypto regulation such as Dubai, Singapore and the EU.

https://decrypt.co/114691/ripple-urges-uk-craft-bespoke-regulatory-framework-crypto

2️⃣ Paradigm Co-Founder Feels ‘Deep Regret’ Investing in SBF And FTX 😕

In a recent tweet, Matt Huang, the co-founder and managing partner of Paradigm, stated that the firm is “shocked” by the collapse of FTX and the subsequent revelations surrounding the two companies and their founder Sam Bankman-Fried.

He stated,

“Facts are still coming to light, and there will be many lessons to learn. We feel deep regret for having invested in a founder and company who ultimately did not align with crypto’s values and who have done enormous damage to the ecosystem.”

He stated that Paradigm has written its investment in FTX down to $0 and that its stake in FTX constituted a small part of the firm’s total assets. He also added that the firm did not hold or trade any of its assets on the exchange.

https://cointelegraph.com/news/paradigm-co-founder-feels-deep-regret-investing-in-sbf-and-ftx

3️⃣ BlockFi Prepares for Potential Bankruptcy as Crypto Contagion Spreads ❗️

According to a report from the Wall Street Journal, crypto lender BlockFi is considering filing for Chapter 11 bankruptcy protection and preparing for job cuts due to its "significant exposure" to bankrupt crypto exchange FTX.

BlockFi had signed a credit deal with FTX US earlier this year with the right to be potentially acquired. Since FTX's collapse, BlockFi has struggled to continue business operations. According to reports, BlockFi has also approached Binance about possible financial help.
In an email sent to customers, BlockFi stated,

“The rumours that a majority of BlockFi assets are custodied at FTX are false. That said, we do have significant exposure to FTX and associated corporate entities that encompasses obligations owed to us by Alameda, assets held at FTX.com, and undrawn amounts from our credit line with FTX US.”

https://www.wsj.com/articles/blockfi-prepares-for-potential-bankruptcy-as-crypto-contagion-spreads-11668534824

4️⃣ USDC Stablecoin Issuer Circle Says Businesses Can Accept Apple Pay 🙌

USDC Stablecoin Issuer Circle has added support for Apple Pay. This makes it easier for crypto-native businesses to accept payments from customers that don’t use crypto. Traditional businesses can also take advantage of the new Apple Pay support to shift more retail payments to digital currency.

The company stated,

“NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets and cross-border remittance providers can help their business grow by making checkout easy with Apple Pay and Circle.”

https://www.coindesk.com/business/2022/11/15/usdc-stablecoin-issuer-circle-says-businesses-can-accept-apple-pay/

​​zkSync parent company Matter Labs raised $200M in a Series C round led by Blockchain Capital and Dragonfly, with participation from LightSpeed Venture Partners, Variant and a16z.

Никогда не злите CZ 👊

#Bitcoin Long-Term Holders are currently experiencing acute financial stress, holding an average of -33% in unrealized losses.

This is comparable to the lows of the 2018 bear market, which saw a peak unrealized loss of -36% on average.

Live Chart

💰 Nike Launches .Swoosh Web3 Platform, With Polygon NFTs Due in 2023

Nike has been one of the biggest fashion-world players in Web3 through RTFKT, the NFT and digital apparel startup it acquired in late 2021, and we’ve seen the apparel giant gradually bring its own brand into the space as well. Now Nike aims to step up its efforts with the launch of a new platform, .Swoosh.

The .Swoosh platform is billed as the epicenter for Nike’s digital efforts around Web3. It's designed to spotlight the brand’s NFTs and virtual apparel initiatives, including future ways for customers to become co-creators and share in digital product royalties. including one from Adidas—come with physical apparel or real-world perks.

Source

@Facebook_Metaverse_Nfts ✔️

​​Mysten Labs announces the start of Sui Testnet Wave 1 on November 17. This Wave will last for 2-3 weeks and will be focused on validators and full nodes. Sui Network, a layer-1 blockchain created by ex-Meta engineers, has closed $300M Series B round at $2B valuation in September this year.

Hey Guys,

I could help but notice that many of you were asking me to do a Solana update, especially after I revealed I was selling all my SOL last week's newsletter. In short, I Solana's future is seriously at risk because of the FTX-Alameda situation.

That said, I do think there is hope for Solana on the horizon. I spent some time talking about some seriously bullish updates about Solana and a few promising projects that were just about to enter their prime. It's truly a damn shame that they have been set back.

Another thing to keep in mind is that Solana is likely to face lots of regulatory scrutiny due to its close affiliation with FTX. The SEC recently announced it was investigating the exchange, and we all know how the SEC is when it comes to any altcoin.

Let me know what you think of my analysis in the comments...

For over a decade Blockchain.com has been a trusted steward of customer funds, but ultimately you shouldn’t have to trust anyone with your crypto.

📣📣 COIN BUREAU NEWSFLASH! – (18/11/22)
Here are some of today’s most important headlines:

1️⃣ Bahamas Securities Regulator Says It Ordered FTX Crypto Transferred to Government Wallets ❗️

According to a press release issued yesterday by the Securities Commission of the Bahamas (SCB), the regulator revealed that it had ordered FTX to transfer the contents of its crypto wallets to government-controlled wallets the previous Saturday. The regulator stated that it made the order under existing authorities that allow for it to take action if it needs to protect clients or their funds.

The fund transfer in question happens to be on the same day reports of FTX being hacked surfaced. It remains unclear whether the hacked funds or the supposed cold wallet transfers thereafter by FTX are the same or related to the order by the Bahamian regulator. Reports indicate there might be a jurisdictional fight between the Bahamas and the United States over the liquidation of FTX.

The release stated,

"The Securities Commission of The Bahamas ('the Commission'), in the exercise of its powers as regulator acting under the authority of an Order made by the Supreme Court of The Bahamas, took the action of directing the transfer of all digital assets of FTX Digital Markets Ltd. ('FDM') to a digital wallet controlled by the Commission, for safekeeping. Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM."

https://cointelegraph.com/news/bahamian-securities-regulator-ordered-the-transfer-of-ftx-s-digital-assets

2️⃣ Crypto Lender Genesis Had Sought Emergency Loan of $1 Billion 🧐

According to a report from the Wall Street Journal, crypto lender Genesis had sought an emergency loan of $1 billion from investors before informing clients it was suspending redemptions in the wake of the collapse of FTX. Genesis reportedly sought access to the credit facility by 10 a.m. Monday. However, the firm failed to get that funding, resulting in it suspending withdrawals and pausing its lending business.

https://www.wsj.com/livecoverage/stock-market-news-today-11-17-2022/card/crypto-lender-genesis-sought-emergency-loan-of-1-billion-by-monday-573TThK17Ke15FYwJzLR

3️⃣ Confusion Abounds as Binance and OKX Suspend Support for USDC, and USDT on Solana, Then Backpedal 🤔

In blog posts published yesterday, crypto exchanges Binance and OKX announced that they were suspending support for the Solana blockchain versions of Circle’s USDC and Tether’s USDT. In the initial version of their blog posts, Binance had stated that it was suspending support for USDT and USDC, while OKX stated that it was “delisting” the tokens.

However, shortly after, both exchanges updated their announcements. Binance stated that it was resuming deposits for USDT on Solana while OKX updated its announcement with slightly changed wording, saying that it halted support for the two tokens instead of delisting them.

However, neither exchange provided its reasons behind the move, creating confusion and inviting criticism from others in the crypto industry. Particularly, Jeremy Allaire, CEO of USDC issuer Circle, tweeted that since USDC on Solana is functioning fine. “[It’s] not clear what the motivations are for exchange actions, which are disappointing.”

https://www.coindesk.com/markets/2022/11/17/crypto-exchanges-binance-and-okx-suspend-support-for-solana-versions-of-usdt-usdc-stablecoins/

4️⃣ Jump Crypto Says No Plans to Shut Down, Quashing Rumours 🙅‍♂️

Jump Crypto, a division of the Jump Trading Group, has denied rumours circulating online that it intends to wind down operations due to its exposure to FTX losses.

It tweeted,

"We believe we’re one of the most well-capitalised and liquid firms in crypto. We are still actively investing and trading, so if you’re looking for funding, please get in touch."

According to reports, the circulating rumours seem to indicate that trust within the crypto community has been significantly compromised by the recent collapse of FTX and the subsequent events that have followed it.

https://www.theblock.co/post/188142/jump-crypto-says-no-plans-to-shut-down-quashing-rumors

Is this the lowest price of 2022? Yes. Will we go lower? We don't know. What we do recommend is to buy.

Our philosophy at DCrypto has always been to buy the annual lows and sell the annual highs. This year is no exception to the rule :)
--
Design inspired by @DeCenter

SBF's meltdown has gone from bad, to worse, to weird.

The facade has fallen, and all his “beliefs” have turned out to be bullshit.

But the crypto movement is bigger than the failures of the past week, or at least, it will be...

https://twitter.com/RektHQ/status/1593632399354535936

📣📣 COIN BUREAU NEWSFLASH! – (21/11/22)
Here are some of today’s most important headlines:

1️⃣ Court Sets Jan. 3 Deadline for Celsius Customers to File Claims in Bankruptcy Case ❗️

The U.S. Bankruptcy Court of the Southern District of New York has set January 3rd 2023 as the deadline for Celsius customers to file a claim in the company’s bankruptcy case. The court stated that any person or entity is free to file a claim via mail, by hand or through the website of Celsius’ claims agent ‘Stretto’. However, no action is required for customers who agree with Celsius’s scheduling of their claims. The next Celsius hearing is set for Dec. 5, where the firm says it plans to discuss custody and withhold accounts.

https://www.theblock.co/post/188667/court-sets-jan-3-deadline-for-celsius-customers-to-file-claims-in-bankruptcy-case

2️⃣ FTX Funds on The Move as Thief Converts Thousands of ETH Into Bitcoin 🔎

The attacker behind the $600 million exploit of crypto exchange FTX has reportedly begun converting all of the ETH held in the flagged wallets to Ren Bitcoin (renBTC). Blockchain analysis firm Chainalysis has posted a tweet requesting crypto exchanges to freeze these coins should the thief attempt to convert them into fiat or further obfuscate the assets through other means.

Over the past week, there has also been speculation that the exploited funds were in the custody of the Bahamian government. However, on-chain sleuth ZachXBT has tweeted that this was improbable due to the wallet addresses connected with the hack displaying “blackhat” behaviour along with using sketchy services.

https://cointelegraph.com/news/ftx-funds-on-the-move-as-thief-converts-thousands-of-eth-into-bitcoin

3️⃣ FTX Says Top 50 Creditors Are Owed $3.1 Billion ⚖️

According to a recently filed court document, FTX owes its 50 largest creditors about $3.1 billion with claims ranging from tens of millions to hundreds of millions of dollars. The document also reveals that FTX has around 1 million creditors, with the largest single claim standing at $226 million and the second largest one at $203 million.

The document further reads,

“The Top 50 List is based on the Debtors’ currently available creditor information, including customer information that was able to be viewed but is not otherwise accessible at this time. The Debtors’ investigation continues regarding the amounts listed, including payments that may have been made but are not yet reflected on the Debtors’ books and records. The Debtors are also working to obtain full access to customer data.”

https://www.wsj.com/articles/ftx-hires-bank-to-sell-salvageable-units-11668865049

4️⃣ Billionaire Investor Bill Ackman Endorses Crypto Project Helium, Discloses Crypto Holdings 🤔

Billionaire investor and hedge fund manager Bill Ackman recently posted a tweet stating that he is bullish on cryptocurrency, despite the collapse of FTX. His tweet particularly highlighted the decentralised hotspot network Helium as an example of a real-world use case for cryptocurrencies.

His tweets read,

“I was initially a crypto sceptic, but after studying some of the more interesting crypto projects, I have come to believe that crypto can enable the formation of useful businesses and technologies that heretofore could not be created. Despite crypto’s ability to facilitate fraud, with the benefit of sensible regulation and oversight, crypto technology’s potential for beneficent societal impact may eventually compare with the impact of the telephone and internet on the economy and society.”

https://www.coindesk.com/business/2022/11/21/bill-ackman-endorses-crypto-project-helium-discloses-crypto-holdings/

Starting today, you can take advantage of our first-ever Cyber Week sale ⚡

Save 40% on a monthly or yearly Glassnode Advanced plan and access data and insights that are helping thousands of crypto traders and investors around the world.

Redeem offer at: https://glassno.de/3UHc4q6

Be quick, sale ends November 29 (CET Time).

What's your opinion ? 👀

A Brazil-Argentina final could be a big game 💥

https://twitter.com/sorareinfo/status/1594728417836015617

My friend is offering 50$ ETH to the one who finds the score France Australia on this tweet 🥳

👉🏻 https://twitter.com/sorareinfo/status/1595009198420467713?s=46&t=ywBdF80rkacTB26L9b83KA