Top 10 Crypto News, 11th November

Top 10 Articles For The Day. Trending News That You May Have Missed Out On. We Find The News So You Don't Have To!

Himanshu S.

1:31 11th Nov, 2022

DeFi

Professional Fighters League Joins Forces with SportsIcon For PFL MMA Metaverse

The Professional Fighters League (PFL) today announced a partnership with SportsIcon, the NFT platform for athletes and collectors, to create the PFL MMA metaverse, allowing the league to engage with fans in new ways.

European G20 Leaders Call For Urgent Regulation Of 'Crypto Conglomerates'

Central bankers and financial regulators making up the Financial Stability Board’s European arm discussed the urgent need to regulate crypto given “recent developments,” and endorsed their October report on stablecoins.

Decentraland Metaverse Music Festival Fails To Boost Network Activity

Decentraland and Kraken are hosting a Metaverse Music Festival with 200+ artists on 15+ stages spanning four days. But users still seem to prefer virtual lands over a virtual music festival.

Binance Commits To Transparency, Reveals $40B In Stablecoin Reserves

Binance is fully committed to transparency, according to CEO Changpeng ‘CZ’ Zhao. It has released details on its cold wallet reserves as proof.

FTX Collapse Sparks Alarm From US Lawmakers

Lawmakers called for financial regulators to investigate the situation and suggested further legislation is needed.

BlockFi Limits Platform Activity Including A Halt On Client Withdrawals

"We intend to communicate as frequently as possible [...] but anticipate that this will be less frequent than what our clients and other stakeholders are used to."

Ripple Executive Makes Unexpected Offer To FTX Employees

David Schwartz, chief technology officer at Ripple, has hinted at the possibility of FTX employees pursuing a career at the crypto payment company.

Bahamas Securities Regulator Freezes FTX Assets

The Bahamas Securities Commission said FTX's assets could not be moved without the approval of a Supreme Court-appointed liquidator.

Tether CTO Confirms No Plans To Rescue FTX

FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.