Top 10 Crypto News, 12th 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.

1:12 12th Nov, 2022

NFTs

Mercedes F1 Team Suspends FTX Partnership

The Mercedes-AMG Petronas Formula One team said it is suspending its partnership with FTX as the crypto exchange grapples with a massive funding shortfall that has destabilized digital-currency markets.

Six-Time NBA Champion Scottie Pippen Immortalized In NFT

Iconic basketball player Scottie Pippen, who won six NBA championships with the Chicago Bulls in the 1990s, demostrated the first-ever custom-made NFTs with his image.

Criminal Charges Against SBF ‘On The Table’ After FTX's Epic Collapse

Former FTX CEO Sam Bankman-Fried could face criminal charges after his company filed for bankruptcy protection Friday. Bankman-Fried’s tweets this week about how he “fucked up” could be used against him in court.

Tether Blacklists Mysterious FTX Wallets As Account Drainer Liquidates MATIC, LINK, AVAX Holdings

Over $3.9m tether on Avalanche and $27.5m tether on Solana linked to the FTX account drainer has been blacklisted by Tether.

Crypto Influencer Bitboy Says ‘Everyone Owes The XRP Army A HUGE Apology’

In a tweet today, popular crypto YouTuber Ben Armstrong AKA Bitboy, asserted that the rest of the crypto community needs to apologize to the XRP community.

Bitfinex CTO Releases Proof Of Reserves Amid FTX Bankruptcy Fiasco

Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence.

Japanese Regulator Slaps FTX Japan With Business Suspension Order

Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16.

Indian TAX Body CBIC Working Towards Clarity On GST For Crypto

The central board of indirect taxes and customs (CBIC) is working on an agenda paper on the goods and services tax applicability on crypto or virtual digital assets to end ambiguity regarding its taxation.

American DJ 3LAU Taken To Court By “Walk Away” Collaborator Over NFT Proceeds

Music NFT pioneer 3Lau is facing accusations that claim he did not pay fellow “Walk Away” collaborator Luna Aura her fair share of the major $11 million NFT sale. Luna has further claimed that the DJ/Producer has paid only an upfront $25,000 fee against the song.

Bitcoin, Ethereum, Cosmos, & Algorand Daily Crypto Price Analysis