BlackRock is one of the most important providers of investment in the world. It offers to its clients advisory and risk management solutions.

Larry Fink, CEO of BlackRock, said that despite FTX failed, he trusts in tokenization and said also that this will be the evolution of the financial market.

“I believe the next generation for markets, the next generation for securities, will be tokenization of securities.”

He encourages the investing ecosystem change introducing an “instantaneous settlement” that manifests every owner and seller of securities on registers.

SOURCE: CoinTelegraph 

READ ABOUT BINANCE: 1$B FOR CRYPTO RECOVERY FUND…

The Chamber of Deputies of Brazil approved crypto payments throughout the country. 

Cryptocurrencies do not have legal tender around the country despite the new crypto law’s approval. 

Digital currencies and air mileage programs will be payment methods only under the  control of the country Central Bank.

In detail: the Brazil Central Bank will be involved when people use Bitcoin as payment; the Country Security and Exchange Commission will supervise when Bitcoin is used as an investment benefit. 

BCB, CVM and RFB - Federal Tax Authority - gave birth to the realization of the new legislation. 

SOURCE: BitcoinMagazine

READ ABOUT ELON MUSK CRYPTO STATUE…

Binance wants to assign $1 Billion for crypto recovery fund.

Binance CEO Changpeng Zhao also revealed his interest in a bid to solve the problem of bankrupt of Voyager, a USA based business.

After FTX failure, Zhao designed a new plan to avoid financial problems. 

For this reason Binance wants to launch a new recovery fund: “ to help projects who are otherwise strong, but in a liquidity crisis”. Zhao also added that a if that’s not enough, they can allocate more. 

The fund will be ready at the end of 2022 despite there are only two months before the year’s end! 

SOURCE: CoinDesk

READ ABOUT HASHFLARE FOUNDERS IN HANDCUFFS…

HashFlare is a cryptocurrency cloud mining service that permit you to mine for Bitcoin and popular alt coins. 

Individual miners and businesses exploit it in services like IT, accounting, real estate, finance and software development. 

But now, the two HashFlare Founders are in handcuffs because of their collaboration in a $575 million fraud intrigue. 

The United States Department of Justice established that the action plan  was staged by owners Sergei Potapenko and Ivan Turõgin. They created a “multi-faceted scheme that defrauded hundreds of thousands of victims”. 

SOURCE: Binance

READ ABOUT VITALIK BUTERIN AFTER FTX COLLAPSE…

FTX’s break down increases. Different cryptocurrencies reveal that their funds are hooked by FTX.  

Other companies revealed that their money have been frozen on the - almost - actually bankrupt exchange. 

Hbit Limited, for example, announced the inability to withdraw $18.1 million before FTX closed withdrawals. 

Also Nestcoin announced its failure to withdraw funds from FTX society. 

Moreover, in Australia was suspend the FTX’s license. This license permitted to FTX group to create a market for secondary and exchange contracts to Australian retail and wholesale users. 

The Australian Securities & Investments Commission (ASIC) announced that will continue to restrict financial services only to conclude existing derivatives with customers until 19 Dec.

SOURCE: CoinTelegraph 

READ ALSO ABOUT BANKMAN-FRIED NOW UNDER SUPERVISION… 

After Bahamian Security Commission’s latest decision, now has arrived the finale judgement: Mr. Bankman-Fried is now under supervision. 

He’s not alone. In fact with him also FTX co-founder Gary Wang and Nishad Singh - engineer supervisor - were put under control by Bahamian security.

Both Bankman-Fried, Wang and Singh are looking for an escape flight to Dubai. 

Unfortunately USA and UAE signed a legal accord to stop criminals on Feb.24, 2022. 

An anonymous source reveled that now for Bankman-Fried and co. it’s very difficult to leave from Bahamas.

Right now, almost 130 FTX group’s companies are started bankruptcy. 

SOURCE: CoinTelegraph

READ ALSO CRYPTO LAW ADVANCES DESPITE FTX FALL… 

USA, Crypto law advances despite FTX fall.

Stabenow and Boozman - senators - published the last version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) despite FTX’s failure. 

“Stabenow and I remain committed to advancing a final version of the DCCPA that creates a regulatory framework that allows for international cooperation and gives consumers greater confidence that their investments are safe,” wrote Senator Boozman.

Bankman-Fried, FTX CEO, is a supporter of the crypto bill. He went to many Senate audiences. 

Also Joe Biden signed the DCCPA. We're waiting for its own law transformation.

Bahamas safety regulator stops FTX 

Bahamas, the Security Commission decided that FTX’s capital can’t be move without Supreme Court’s ok. 

The Security Commission of Bahamas knew that “public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research”. 

Sam Bankman-Fried created Alameda business. It turned out that Alameda detained FTX exchanges’ native token and FTX token. Moreover, rumors blamed FTX because of using users’ funds for anonymous operations.

Genesis Trading 

Genesis Trading is the biggest trading desk for professional investors in cryptocurrency markets.

It connects institutional investors to digital asset markets.

Genesis reveals:

“As part of our goal in providing transparency around this week’s market events, the Genesis derivatives business currently has ~$175M in locked funds in our FTX trading account. This does not impact our market-making activities.”

Torn-Based tokens 

Torn-based tokens like JUST are increased more than 1000% on FTX.

BitTorrent, JUST and SunToken are operating on trading at premiums fluctuating from 525% to 1,196% equate to the market place.

Tether CTO

Paolo Ardoino, CTO of Tether, affirmed that “Tether does not have any plans to invest or lend money to FTX/Alameda. Full stop.”

Tether is one of the companies that Sam Bankman-Fried selected like “help-companies” for funds.

Ardoino - in a tweet - wrote that his business Tether hasn’t link with Alameda or FTX.

SOURCE: CoinTelegraph 

READ ABOUT ELON MUSK’S SAGA…

Marathon is a digital asset technology company that extracts cryptocurrencies. Has a focus on blockchain ecosystem and generation of digital assets. 

It’s the Bitcoin mining company and obtained the record of the second largest holder of Bitcoin.

Marathon doesn’t have its infrastructure behind its mining machines; for this reason, it had very hard months.

CEO Marathon Digital Fred Thiel, said that now the business has 11,300 BTC, which corresponds approximately to $205 million. 

In a tweet, Thiel said that they improved their Bitcoin production, from 72 in July, to 184 in August, then 360 in September, and then 615 - a record - in October. October, in fact, was the most productive month in their Company’s history…

Thiel added that he want’t sold Marathon’s Bitcoin and will continue with this business scheme.

SOURCE: CoinTelegraph 

READ ABOUT MiCA LEGISLATION IN CRYPTO REGULATION… 

The European Council has approved the Markets in Crypto Assets (MiCA) law.

The European Parliament support the legislation which will require inflexible rules for crypto firms. 

A previous action scheme for the Parliament to vote in December has been drop because of the length and complexity of the text.

MiCA split crypto-assets into e-money (stablecoins), asset referenced tokens which include stable coins backed by other assets, everything else. 

Martin Bruncko, Binance’executive vice president of Europe, told that the European crypto scenery is fragmented. All 27 European countries have different rules from restrictive to non-existent. 

Everyone have to be happy about MiCA’s approval, because it’s creating a unique market and the same application rules. 

SOURCE: CoinTelegraph 

READ ABOUT A NEW MARKETPLACE:INSTAGRAM…

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