On November 12, the CSO of Kraken Exchange, Nick Percoco, tweeted that the Karen team had actually seen suspicious activity on their platform, because the hacker had actually funded their TRX wallet with funds stolen from FTX on Kraken. The team presumes that the hacker was an unskilled FTX insider who had made the tried rug pool. They are relatively certain they have recognized the private and revealed that they would be working with police to track down the criminal so that they could be captured and the funds confiscated and returned.
Check out more on The Wall Street Journal.
On November 10, Reddit released its third batch of complimentary NFTs, this time motivated by the 2022 FIFA World Cup. The world cup will occur from November 20– December 18. All 32 participating nations have their own distinct limited-edition NFT. With the exception of the USA NFT and the Earth NFT (the 33rd choice) alternatives which each have a restricted mintable supply of 1 million NFTs, there are only 200,000 of each countrys NFT to be declared. This time around, they can be declared by anybody despite their karma, through Reddits avatar shop. Only one avatar is claimable per account.
Learn more on CRYPTOSLATE.
U.S. Department of Justice Seizes Over $3.36 Billion USD Worth of BTC.
Kraken Exchange Discovers Identity of FTX Hacker.
Learn more on The Guardian.
St. Kitts and Nevis to Adopt Bitcoin Cash as Legal Tender
On November 9, Navy Nuclear Engineer, Jonathan Toebbe, and his other half, Diana Toebbe, from Annapolis, MD, were sentenced to 22 years and 19 years of jail time respectively for their involvement in trying to offer classified info regarding the design of nuclear-powered warships to an unannounced foreign country in exchange for thousands of dollars in cryptocurrency. The FBI intercepted the plan in December 2020 through the FBIs Legal Attaché workplace in that nation.
Read more on BitcoinChaser.
On November 13, the Prime minister of Saint Kitts and Nevis, Terrance Drew, revealed that the islands would be embracing Bitcoin Cash (BCH) as legal tender, in addition to mining it at the government level by March 2023. Saint Kitts and Nevis is a dual-island nation located between the Atlantic Ocean and the Caribbean Sea and is house to a population of approximately 53,550 individuals. Their present national currency is the Eastern Caribbean Dollar which is valued at 2.70 EC$ to the USD, making it a fairly strong currency..
Find out more on Media Pyro.
On November 8, NTT Docomo, a leading Japanese cellphone operator partnered with Accenture to invest 600 billion yen (~$ 4 billion USD) into Web3 facilities. This is significant, given that Japans government owns a 3rd of the business, suggesting that this is a government-level interest in looking into the potential of blockchain technology. On November 3, Japans Digital Ministry likewise announced its own plans to produce a decentralized autonomous organization (DAO) so as to investigate the possibility of incorporating Web3 innovation into its operations.
Recently saw the fall of FTX, St. Kitts and Nevis transferring to embrace BCH as legal tender and more free Reddit NFTs, among other items.
On November 11, FTX Trading LTD. filed Chapter 11 following a troubled week of the company scrambling to try to save itself. These proceedings consist of West Realm Shires Services Inc., Alameda Research Ltd. and around 130 other associated companies that fall under the FTX Group umbrella company.
On November 12, the CSO of Kraken Exchange, Nick Percoco, tweeted that the Karen team had actually seen suspicious activity on their platform, in that the hacker had actually moneyed their TRX wallet with funds stolen from FTX on Kraken. On November 11, FTX Trading LTD. submitted Chapter 11 following a troubled week of the company rushing to attempt to conserve itself. These proceedings consist of West Realm Shires Services Inc., Alameda Research Ltd. and around 130 other affiliated companies that fall under the FTX Group umbrella company. On November 10, Reddit launched its 3rd batch of free NFTs, this time motivated by the 2022 FIFA World Cup. With the exception of the USA NFT and the Earth NFT (the 33rd option) choices which each have a restricted mintable supply of 1 million NFTs, there are just 200,000 of each nations NFT to be declared.
On November 7, 2022, the United States Department of Justice revealed that they had actually taken 50,676 Bitcoin (BTC), valued at over $3.36 billion USD from James Zhongs residence in Gainesville, Georgia. At the time it was valued at $516,803.25 USD.
FTX Files for Bankruptcy.
Learn more on CoinDesk.
Reddit Releases Free FIFA-Inspired Collectible NFTs.
United States Navy Nuclear Engineer and Wife Charged for Attempting to Sell United States Secrets for Crypto.
Learn more on BitcoinChaser.