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TOP CRYPTO NEWS TODAY | November 16 | Luna, FTX, DeFi, Oxygen, Circle, USDC, Apple Pay, Binance, LFG

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TOP CRYPTO NEWS TODAY | November 16

Sam Bankman-Fried wrote on Twitter that “too much leverage” and a huge number of withdrawals were to blame for the collapse of FTX. He also said that he will try to raise liquidity for the exchange.
https://youtu.be/KMz84LjMnKM
DeFi marketplace Oxygen revealed that FTX was the main custodian of the company’s tokens.
https://youtu.be/GaUzktPbdpA
Circle, the issuer of the USDC stablecoin, has announced that it has begun supporting Apple Pay.
https://youtu.be/no8nBdM_Hsg
Circle also said that the company’s investment in FTX is 10.6 million dollars.
https://youtu.be/imoE7evASfI
Binance has received approval from Abu Dhabi regulators to operate as an institutional crypto custodian.
https://youtu.be/n0vrEEZDu4s
In May, the Luna Foundation Guard (LFG) spent 2.8 billion dollars in cryptocurrencies trying to keep TerraUSD (UST) pegged to the dollar. This is stated in the conclusion of the auditor JS Held.
https://youtu.be/leiDwXsabpk
US and Bahamas authorities are discussing the possibility of extraditing Sam Bankman-Freed to the US for questioning.
https://youtu.be/ylIG8Hg5Kso
Institutional lending platform Genesis Global Capital has suspended withdrawals. In turn, this affected the Earn program on the Gemini exchange.
https://youtu.be/C1mbjYye_LA

#TopCryptoNewsToday #CryptoNewsToday #CryptoDigest

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