Kenya Proposes Bill to Tax Crypto.

Roughly 8.5% of the African country's population owns cryptocurrencies, according to a United Nations report.

https://www.businessdailyafrica.com/bd/economy/bill-sets-up-kra-tax-dragnet-4m-cryptocurrency-users-4026868

📍 Follow @Coins for the hottest news in crypto.

Binance will not invest in crypto lender Genesis.

Genesis: We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any bankruptcy filing. Genesis continues to have constructive conversations with creditors.

Source: The Block

📍 Follow @Coins for the hottest news in crypto.

SEC filings for November see crypto upswing

There have already been 2.15k SEC filings with blockchain-related terms in November, already roughly the same amount as October before the month is even out.

Notably, there have been 331 uses of ‘cryptocurrency’ compared to only 299 last month. ‘Ethereum,’ ‘stablecoin,’ ‘decentralized finance,’ and ‘blockchain’ filings have also already surpassed October’s count.

Partially driving up this number are some Q3 quarterly reports getting filed, like Coinbase. However, several companies filed updates recently, sharing exposure to FTX or changes to their product. Silvergate, Thunder Bridge Capital, and Bitwise 10 Crypto Index Fund all filed in November with FTX (and cryptocurrency) mentions, to name a few.

📍 Follow @Coins for the hottest news in crypto.

Genesis Timeline

November 8: "No material net credit exposure"

November 9: We lost $7M

November 10: Okay, we have $175M locked in FTX

November 16: Sorry, no withdrawals or new loans

November 17: Okay, we need $1BN

November 21: We'll go bankrupt without the money

🤦‍♂️

📍 Follow @Coins for the hottest news in crypto.

Cardano-based decentralized stablecoin Djed will hit mainnet in January.

Djed will be integrated into 40 apps in the Cardano ecosystem.

The launch will also come with the introduction of DjedPay, a service that will let merchants and other crypto players accept Djed payments.

The new stable, which will maintain a so-called soft peg to the U.S. dollar. The design is similar to the one utilized by dai.

📍 Follow @Coins for the hottest news in crypto.

Coinbase Custody has revealed the amount held in each Grayscale product as of Sep 30, no cold addresses were shared.

Grayscale Bitcoin Trust: ≈ 635,235 BTC ≈ $10,200,744,223
Grayscale Ethereum Trust: ≈ 3,056,833 ETH ≈ $3,435,178,073
Ethereum Classic Trust: ≈ 11,915,998 ETC
Zcash Trust: ≈ 333,904 ZEC
Bitcoin Cash Trust: ≈ 310,415 BCH
Litecoin Trust: ≈ 1,534,087 LTC
Horizen Trust: ≈ 620,253 ZEN
Stellar Lumens Trust: ≈ 75,424,502 XLM
Filecoin Trust: ≈ 107,179 FIL

Grayscale Digital Large Cap Fund:

≈ 6,390 BTC
≈ 40,611 ETH
≈ 11,296,824 ADA
≈ 114,745 SOL
≈ 94,095 AVAX

Decentraland Trust: ≈ 18,238,545 MANA
Chainlink Trust: ≈ 308,485 LINK
Basic Attention Token Trust: ≈ 5,960,993 BAT
Livepeer Trust: ≈ 591,299 LIV
Solana Trust Private: ≈ 55,773 SOL

Grayscale Decentralized Finance Fund:

≈ 316,859 UNI
≈ 4,948 AAVE
≈ 299 MKR
≈ 3,186 COMP
≈ 29,584 AMP

Grayscale Smart Contract Ex-Ethereum Fund:

≈ 11 YFI
≈ 526,864 CRV
≈ 1,178,108 ADA
≈ 11,292 SOL
≈ 34,654 DOT
≈ 8,850 AVAX
≈ 259,162 MATIC
≈ 212,515 ALGO

Source: Blockworks

📍 Follow @Coins for the hottest news in crypto.

Coinmarketcap adds 'Exchange Reserves' information.

https://coinmarketcap.com/rankings/exchanges/

Road to self regulation?

📍 Follow @Coins for the hottest news in crypto.

The thought exchange between DOGE founder and Elon Musk on Bear Markets!!

Do you agree the views here?

📍 Follow @Coins for the hottest news in crypto.

We know Uniswap updated their privacy terms a few days ago. To summarize what they will be tracking going forward:

- Mobile deviceID
- Cookies
- LocalStorage
- Device details
- Browser language
- Screen wallets via 3rd party
- Web beacons

Earlier this year, Uniswap has partnered with TRM labs to ban Tornado Cash addresses.

What is road ahead for Uniswap? will they be a centralized-dex?

📍 Follow @Coins for the hottest news in crypto.

📍 Follow @Coins for the hottest news in crypto.

CZ Met With Investors in Abu Dhabi Last Week in an Effort to Raise Cash for a Crypto Industry Recovery Fund: Bloomberg Sources.

📍 Follow @Coins for the hottest news in crypto.

The leading NFT Marketplace of Solana ecosystem, MagicEden is coming to Polygon.

https://twitter.com/sandeepnailwal/status/1595086455268954113

📍 Follow @Coins for the hottest news in crypto.

Chainlink has recently seen a large spike in the number of Verifiable Random Function (VRF) requests. In the past week, there have been 246K VRF requests fulfilled, an increase of 259% over the week prior. The vast majority of this activity is on Polygon.

The Chainlink VRF is a verifiably fair random number generator that enables smart contracts to obtain random values. Chainlink VRF produces an on-chain cryptographic proof demonstrating how the values were determined.

Random values are needed in applications that rely on unpredictable outcomes such as blockchain games, NFT mints, assignment of duties (such as governance roles), and choosing a representative sample for consensus mechanisms.

In May 2022, Chainlink released VRF v2 on Polygon, which provides a better solution while reducing transaction costs by up to 60%.

The increase comes most likely due to the beta launch of PLANET IX, an NFT-based strategy game.

📍 Follow @Coins for the hottest news in crypto.

Who crashed Crypto?

Crypto mf'ers:

Source: Not Jerome Powell

📍 Follow @Coins for the hottest news in crypto.

Three months ago, 16% of all sales were conducted through aggregators and this metric has increased to 34% today.

Due to Blur’s incentivized listing program, users are encouraged to list NFTs at reasonable prices, resulting in tighter price spreads. Tighter price spreads mean traders and collectors receive optimal prices and a better experience overall.

📍 Follow @Coins for the hottest news in crypto.

The percentage of shares sold short of public equities like Coinbase and MicroStrategy are 17% and 29%, respectively.

All the data seems to point to the same common sense conclusion: Investors are peak bearish (and likely short) on crypto.

History shows when every investor is positioned the same way, markets tend to experience dramatic reversals. (This is NFA).

📍 Follow @Coins for the hottest news in crypto.

Binance announces the 29th project on Binance Launchpad - Hooked Protocol (HOOK). The token sale for Hooked Protocol will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2022-11-24 00:00 (UTC).

https://hooked.io/

https://www.binance.com/en/support/announcement/introducing-the-hooked-protocol-hook-token-sale-on-binance-launchpad-6491cd5c4a9548cc9f8f5a40a31f1ec6

📍 Follow @Coins for the hottest news in crypto.