FTX Miniseries on Prime Video, Hodlnaut Under Police Investigation, Cardano-Based Ardana Development Stopped

Source: Adobe Stock / Jorge Eduardo

Get a daily bite-sized digest of crypto assets and blockchain-related news – Investigate the stories on the radar of today’s crypto news.

Entertainment News

  • An eight-episode limited series about the FTX implosion, produced by Joe and Anthony Russo’s production company AGBO, is already streaming on Amazon, Variety reports. Amazon expects the show to enter production in the spring of 2023.

legal news

  • Cryptocurrency lending platform Hodlnaut is under police investigation in Singapore for alleged fraud and fraud. According to a police statement, Hodlnaut and his directors allegedly “made false statements about the company’s exposure to certain Crypto tokens.”
  • According to data from Nov. 16, companies that signed up to recover FTX assets said they had successfully recovered more than $740 million, Fox Business reported. BitGo, the Crypto asset financial services firm hired by FTX when it filed for bankruptcy on Nov. 11, estimates that the amount of assets recovered and guaranteed since then may have risen to more than $1 billion.

DeFi news

  • Ardana, a decentralized ecosystem that has been working on the Cardano (ADA) stablecoin, has ceased development due to uncertainty over funding and project timelines. “Our code will remain open source so that builders can continue our work as they wish,” its tweet said, adding that “remaining funds and treasury balances etc. will be held by Ardana Labs until the community Another capable development team in the team stepped forward to continue our work.”

Exchange dynamics

  • Bybit confirmed on Twitter that it has established a $100 million fund to support institutional clients. The exchange will provide up to $10 million in funding to existing and new market makers on its platform, as well as dedicated account managers.
  • CrossTower, which is currently bidding on Voyager Digital’s assets, is looking to acquire a company with a “good customer base” and a “good balance sheet”. According to Bloomberg, CEO Kapilrathi said the exchange is “openly looking at different types of companies from an organic growth standpoint.”

NFT news

  • The Near Foundation announced the first Grammy-nominated non-fungible token (NFT) album using DAORecords on the NEAR blockchain. “Rhythm and Soul,” a jazz album produced by Arturo Sandoval in collaboration with MetaJAX, was nominated for a 2023 Grammy for Best Latin Jazz Album.
  • Cryptocurrency exchange OKX has more than doubled its NFT Soccer Cup prize pool since the tournament launched on Nov. 8, according to a press release. This brings the total prize pool for the NFT Soccer Cup to over $2 million and the wider OKX Football Festival to over $4 million.

Investment news

  • Overnight Finance, an asset management protocol offering passive income products primarily to conservative stablecoin investors, has received a grant of 300,000 Optimism tokens (approximately $300,000 equivalent). According to an announcement, the grant allocation will be used to develop financial primitives covering a wide range of applications, from treasury management to liquidity mining. The Optimism Foundation is a non-profit organization dedicated to growing the Optimism Collective, which extends Ethereum (ETH) technology.
  • India-based wellness platform Growfitter has partnered with NEAR India, the regional hub of the NEAR Foundation, to expand its global presence. According to the press release, Growfitter’s integration with NEAR Blockchain is an important step in the company’s efforts to expand its presence in Vietnam, the Philippines, Dubai, and Singapore.

Source of information: Compiled from CRYPTONEWS by 0x Information.Copyright belongs to the author, without permission, may not be reproduced

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