Daily Digest – November 11th

• Crypto market rebound after Wednesday’s bloodbath, Chiliz top gainer

• The Bahamas freezes FTX assets, as global regulators take action against FTX

• Major stablecoins destabilized as market volatility and redemptions surge

• Crypto lender BlockFi pauses withdrawals amidst FTX & Alameda collapse

• Binance publishes proof of reserve, exchange holds $69 billion in assets

US Justice Department and SEC are Investigating the FTX Crisis

As per an emerging report from the Wall Street Journal, the U.S. Department of Justice is investigating the crisis that has befallen FTX US after reports indicated that...

Bankman-Fried Apologizes for FTX (FTT) Crisis, Says Alameda Research Is “Winding Down Trading”

Sam Bankman-Fried has spoken publicly for the first time since the start of the FTX (FTT) saga a few days ago. In a Twitter thread, the founder and CEO of the...

Senators Urge Congress to Move Forward with Finalizing Crypto Legislation

In the wake of the collapse of one of the world’s largest cryptocurrency exchanges, FTX, senators in the United States have doubled down on their commitment to...

Top CEXes Promise Transparency with Merkle Tree Proof of Reserves

Even by the standards of the crypto industry, the events of the past seven days have proven exceptionally chaotic. With the crypto industry still feeling the...

FIFA Kicks-off Web 3.0 Initiative Ahead of the World Cup, Unveiling New Games and More

With just days left until the FIFA 2022 World Cup kicks-off in Qatar, the soccer association has been looking into new avenues to engage with fans—this time in a...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team