Crypto mint

⚡️ Gemini forms ad hoc committee with creditors amid Earn freeze Gemini formed an ad hoc committee with other creditors to coordinate and advocate for a resolution to the crypto exchange's struggling Earn product — which paused customer redemptions on Nov. 16. Winklevoss also claimed that returning user funds "is our highest priority and we are operating with the utmost urgency." The update comes from Gemini's co-founder Cameron Winklevoss, who tweeted that law firm Kirkland & Ellis "has been engaged as counsel by the Creditor Committee to advocate on its behalf.". owe $900 million to Gemini customers, according to the Financial Times. Gemini is reportedly attempting to recover the funds.According to a CoinDesk report on Sunday, Genesis owes its creditors at least $1.8 billion. Source https://t.me/Bitcoin_NewsTg Crypto Mint

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🇪🇺 EU financial regulator to address off-shore crypto companies The European Securities and Markets Authority is responsible for establishing implementation details on the Markets in Crypto-Assets (MiCA) regulation, which is expected to be enacted in 2024 at the earliest. activities of off-shore crypto companies operating in the EU are under a microscope for the bloc's regulators. The issue of reverse solicitation surfaced in last week’s FTX hearing at the European Parliament. Steffen Kern, head of the risk analysis and economics department at ESMA, said that reverse solicitation is a “particularly pronounced problem” in crypto and is a matter of concern for the regulator. EU are expected to continue playing a dominant crypto-market role. Source https://t.me/Bitcoin_NewsTg Crypto Mint

⚡️ Aragon Project adds $20 million in ether to treasury for safety amid FTX collapse The Aragon Project increased the ether (ETH) holdings in its treasury by over $20 million in an attempt to improve its exposure to more censorship-resistant crypto assets. Aragon swapped $20.4 million worth of USDC and wrapped bitcoin for ETH. Ether tokens now account for about 42% of the Aragon treasury which is currently worth $153 million. Aragon swapped another $5.2 million worth of wrapped bitcoin for BTC. The project’s treasury rebalancing also included moving $20 million in USDC to the DAI stablecoin. comprises a non-profit called the Aragon Association and DAO called the Aragon Network DAO. Source https://t.me/Bitcoin_NewsTg Crypto Mint

🇬🇧 UK’s 'biggest ever' scam leads to 100 arrests after police track bitcoin records More than 100 people were arrested in what the London’s Metropolitan Police calls “the UK’s biggest ever fraud operation” after taking down a fraud website called iSpoof used on 200,000 potential victims in Britain alone. Scotland Yard’s Cyber Crime Unit worked in cross-national cooperation, including authorities in the U.S. and Ukraine, to take down the site this week. In a 20-month period, the Met police claims the operation earned the criminals almost £3.2 million ($3.9 million). Tracing bitcoin records, which was used to pay for iSpoof’s services, allowed the Cyber Crime Unit to narrow down suspects. Source https://t.me/Bitcoin_NewsTg Crypto Mint

💸 Llama and Gauntlet submit proposal to cover $1.6 million in bad debt on Aave DeFi management platform Llama and DeFi risk management outfit Gauntlet have submitted a governance proposal on Aave to cover the DeFi lender’s $1.6 million bad debt brought on by Tuesday’s short attempt. The proposal calls for the use of Gauntlet’s insolvency fund and the Aave treasury to cover the bad debt. Gauntlet’s insolvency fund holds 4,923 staked Aave tokens, which is currently worth $283,000. The DeFi lender's treasury itself is worth $165 million, based on the last financial report by Llama, and can be used to cover the excess debt, the proposal added. Source https://t.me/Bitcoin_NewsTg Crypto Mint

💸 Web3 and VR gaming studio Thirdverse raises $15 million in latest funding round Tokyo-based web3 and VR gaming studio Thirdverse received backing from round leader MZ Web3 Fund as well as 8DAO, B Dash Ventures, Double Jump.tokyo, Fenbushi Capital, Flick Shot, Holdem Capital, Kusabi, OKCoinJapan, OKX Ventures and Yield Guild Games. A company making a blockchain game based on the popular 80s football manga Captain Tsubasa raised $15 million in its latest funding round. The company previously raised $20.3 million over three rounds, including most recently its 2021 Series B featuring web3 gaming giant Animoca Brands. It did not respond to a request to confirm if this round is its Series C or to share its valuation. Source https://t.me/Bitcoin_NewsTg Crypto Mint

💰 Citadel CEO on FTX debacle: 'The turf war by American regulators has got to end' Citadel's billionaire founder and CEO Ken Griffin has weighed in on FTX's speculator collapse, calling on American regulators to cooperate with each other to better supervise the crypto industry. The bottom line is American investors have really gotten hurt to the tune of hundreds of billions of dollars. Market observers have suggested that there might be a turf war brewing between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) over which regulator should take the lead when it comes to cryptocurrencies. Last year, CFTC's then-acting chairman and now chairman Rostin Behnam said that the agency should be the primary regulator of crypto markets. Source https://t.me/Bitcoin_NewsTg Crypto Mint

🇸🇻 President of El Salvador says ‘FTX is the opposite of Bitcoin’ El Salvador’s President Nayib Bukele took to Twitter to proclaim the Bitcoin protocol as the opposite of FTX and likened FTX to a Ponzi scheme in the wake of the exchange’s collapse on Nov. 14. Bukele, a staunch promoter and believer of Bitcoin, said the flagship crypto was designed to prevent Ponzi schemes, bank runs. The Bitcoin blockchain is an open-source protocol, upon which any transaction can be verified by the public, as opposed to a Ponzi scheme, where investment funds are shrouded in secrecy. Examples cited by the President include Enron’s abuse of accounting practices to inflate the company’s revenues and conceal debt in its subsidiaries in 2021, American fraudster Bernie Madoff’s $64.8 billion Ponzi scheme in 2019. Source https://t.me/Bitcoin_NewsTg Crypto Mint

🇰🇳 St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023 St. Kitts and Nevis Prime Minister Terrance Drew announced that BCH will become legal tender in the country by March 2023 during a BCH conference in St. Kitts and Nevis. He added that the country will also look into mining BCH and welcomes dialogue and exploration of “future opportunities” with the cryptocurrency. The announcement comes amid a growing trend of mainstream adoption of cryptocurrencies, as demonstrated by the Central African Republic adopting Bitcoin (BTC) as legal tender in April. The announcement has led to debate over the country’s choice to adopt Bitcoin Cash instead of Bitcoin, with supporters of the decision pointing naysayers to the WhyBitcoinCash website for information. Source https://t.me/Bitcoin_NewsTg Crypto Mint