5 Bitcoin, Blockchain, DeFi and NFT News – November 23

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5 Bitcoin, Blockchain, DeFi and NFT News - November 23
5 Bitcoin, Blockchain, DeFi and NFT News

Cripto247 provides a summary of the global cryptocurrency ecosystem in 5 news

  • The Reserve Bank of India (RBI) is in the final stages of rolling out a central bank digital currency (CBDC) that will be compatible with existing payment systems. The pilot project should start in a month. Participating banks will test the CBDC between 10,000 and 50,000 users.
  • Genesis has hired investment bank Moelis & Company to explore its options, including possible bankruptcy. Although a final decision has not yet been made and the company is still able to avoid bankruptcy proceedings, there is a liquidity and duration mismatch in Genesis’ loan portfolio. The problem does not affect Genesis spot and derivatives trading firms or custody firms.
  • More than 50% of Bitcoin addresses are now experiencing losses. This is the first time this has happened since the disaster began in 2020. march Previous bear markets have ended with most directions going negative. While this is a good indicator that the bear market has reversed in recent cycles, past data is no guarantee of future results.
  • Sam Bankman-Fried shared a letter to FTX staff apologizing for what happened. In the announcement, SBF explained in detail how FTX’s margin was reduced and why it failed to understand the size of the margin position. He did not specify the charges against the company. Bankman-Fried believes she should not have filed for bankruptcy and only did so because of intense, coordinated pressure.
  • The Brazilian exchange Bitpreco has decided to expand its functionality and offer banking services through the new platform Bitybank. The company, which will also launch payment services and digital accounts, plans to lure consumers into cryptocurrencies with cashback programs that will address the fears of consumers buying cryptocurrencies in today’s uncertain market.

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Source: news.google.com

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