Bahamas Seized FTX Assets Last Week, Not An Unknown Hacker – November 18

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,649

Bitcoin price made a small run towards $17,000 yesterday, retreating once again to the mid $16,000s to begin Friday.

Top-20 altcoins are almost unchanged across the board over the last 24 hours, as Ethereum price remains the same, BNB rises less than 1% and Litecoin is the only major mover with a 4% gain.

Top Stories for November 18, 2022 πŸ”₯

πŸ‘‰ Bahamas Seized FTX Assets Last Week, Not An Unknown Hacker

It has been revealed that Bahamian regulators were behind the mysterious draining of funds from FTX wallets that took place on November 12th.

Former CEO Sam Bankman-Fried himself was ordered to gain “unauthorized access” and drain the funds, and to then transfer them to The Securities Commission of the Bahamas.

Evidence of the actions was presented my new FTX CEO, John Ray III, in bankruptcy filings, which was later confirmed by the Bahamian agency.

πŸ‘‰ Binance Sees Record Inflows Of 138,000 BTC In A Day

Crypto exchange Binance has seen record inflows of 138,000 Bitcoins – the highest number since November 2018, two weeks before price bottomed at $3,100 per BTC.

A little over 59,000 BTC came from a “de-peg” of Binance’s BTCB token, which is a form of wrapped Bitcoin on BNB Chain. It is speculated that this was genuine selling from customers or investors.

πŸ‘‰ Cardano’s Regulated “USDA” Stablecoin To Launch Early 2023

Cardano’s commercial arm, Emurgo, plans to launch a USD-backed stablecoin on Cardano early next year. The token, USDA, will be fully fiat-backed and regulatory-compliant – the first of its kind in the Cardano ecosystem.

USDA is the first step of a larger plan by Emurgo, which aims to offer decentralized financial services and products on the Cardano blockchain, including lending, payments and bridges.