As the bear market continues, crypto investment products are experiencing last week their biggest outflows in three months. A new CoinShares report suggests that investors continue to feel bearish following the FTX crash. On Nov. 28, digital asset investment firm CoinShares revealed in a new report that investors took $23 million out of the crypto…

Crypto lender BlockFi would file for Chapter 11 bankruptcy protection, an insider said. BlockFi is the latest crypto firm to file for bankruptcy after the collapse of FTX’s crypto empire. In an official statement, the company said it “will focus on recovering all obligations owed to BlockFi,” but that “recoveries from FTX will be delayed”…

As Bloomberg reported, many crypto hedge funds operating in the UAE had invested all their client money on FTX, giving them a hard time pulling funds out of the exchange. As a result, UAE officials expressed concerns over the pace of some approvals – that failed to identify meltdowns of FTX and Three Arrows Capital….

Recently announced, Binance’s Proof-of-Reserves system met criticism from Kraken’s CEO Jesse Powell. Soon, Binance CEO responded on Twitter to Powell’s remarks. Last week, Binance published its Proof-of-Reserves (PoS) system for the company’s Bitcoin (BTC) holdings. The new system initially works with the crypto exchange’s BTC holdings but will later be expanded to include other tokens…

Breaking crypto news from the last week (Nov. 19–25, 2022): Nov. 19: Grayscale Investments said it won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. However, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Nov. 20: Binance…

Prominent brands from the crypto universe are spearheading novel collaborations and partnerships with mainstream brands and organizations to unlock an array of fully immersive and gamified experiences revolving around the largest football event of the year in Qatar. As social beings, the desire to “belong” is deeply ingrained in us. Since time immemorial, humans have…

ApeCoin DAO launches a new NFT marketplace on Nov.23 that will sell NFTs from Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherdeed collections. The marketplace will honor creator royalties and pass half the seller fees for each transaction back to the ApeCoin DAO community. Back in August, the community…

Top investment deals across the crypto sector over the last week (Nov. 19–25, 2022): Crypto brokerage Genesis warns of bankruptcy without funding According to Bloomberg, digital asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts…

The Middle East, where crypto use is growing fastest, offers the starkest contrasts between cryptocurrency’s origins as anti-government money and the growing desire of governments to use the technology to modernize markets and monitor financial activity – writes Ben Schreckinger on POLITICO. At high-powered business gatherings this week, government officials and executives here highlighted their…

Top crypto news from the Middle East region over the last week (Nov. 18 –24, 2022): Abu Dhabi-based crypto firm plans to acquire FTX Crypto trading firm Hayvn based in Abu Dhabi, the UAE considering a bid for collapsed FTX’s payments business FTX Pay, the company said on Friday. Hayvn executives consider FTX Pay as…