Daily #MainStreet #CryptoNews #30
Publishing Date
November 24, 2022

SBF To Be Interviewed At NYT Event

Sam Bankman-Fried (SBF) will be making his first virtual appearance at a public event since the collapse of his FTX ecosystem. On Wednesday, the disgraced founder announced on Twitter that he would be appearing at the DealBook Summit organized by the New York Times on November 30. He disclosed that he would be sitting down for a chat with Andrew Sorkin, who is the founder and editor-at-large of DealBook at the New York Times,

He tweeted,

“I’ll be speaking with Andrew Sorkin at the Dealbook summit next Wednesday (11/30).”

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Leading Cardano stablecoin project shuts down after excruciating launch delays

On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted
 development, citing "funding and project timeline uncertainty." The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs "until another competent dev team in the community comes forward to continue our work."

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Binance CEO Pledges $1 Billion in Crypto Relief, Suggests FTX Spread Rumors Against Rival

Binance CEO Changpeng Zhao (CZ) pledged $1 billion in relief funds for illiquid crypto firms. He also confirmed a bid for Voyager, dismissing rumors about regulatory concerns and suggested that these may have been spread by the now-bankrupt FTX.

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IMF Seeks To Prevent Crypto Growth In Africa

The International Monetary Fund (IMF) is using the FTX collapse to its best advantage, saying that regulation is needed soon in order to better protect consumers and to avoid stability risks for the wider financial and economic system.

An article on the IMF blog cites a Chainalysis report stating that Africa is one of the fastest-growing crypto markets in the world even though it is still the smallest on a world scale.

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