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15.11.[News of the day] • Hong Kong crypto trader kidnapped and tortured for ransom and account keys • and more articles

4 min read

Welcome to today’s crypto news overview:


Since last week’s record $ 69,000, the situation on the BTC market seemed grim. BTC failed to grow and lost about $ 7,000 over the next few days. This culminated over the weekend in a drop to a weekly low of just over $ 62,000. BTC attempted a brief recovery on Sunday, hitting $ 65,000 before the bears pushed him down again, this time to $ 63,500.

Here the situation changed again as BTC began to strengthen rapidly in value. Within hours, he added and even exceeded $ 66,000, where he is currently located.

The Altcoins have also suffered in recent days, with ETH falling below $ 4,500. However, the second largest cryptocurrency gained more than 3% on a 24-hour scale and has recovered $ 4,700 today.

15.11.21 BTC analysis – will the price manage to overcome ATH at the current growth?


Hong Kong crypto trader kidnapped and tortured for ransom and account keys

A 39-year-old Hong Kong man was abducted on November 6, 2021 and held for ransom after agreeing to meet with Tether’s buyer in Kowloon Bay, Hong Kong. The man was lured to an industrial building, where he was physically assaulted and forced to release his smartphone and passwords to trading platforms. He was held at a building in Tai Po in northern Hong Kong for almost a week. The kidnappers demanded 30 million Hong Kong dollars from his family as a ransom. On November 9, 2021, his family turned to the authorities. The police then broke into the residence where he was being held, and as the police approached his prison, he managed to escape through a window.

The victim suffered physically at the hands of the kidnappers and had leg fractures that required hospitalization. Police have detained seven people in connection with the abduction and are still searching for others, all of whom are suspected of belonging to the Sun Yee On triad syndicate.

Banks, crypto exchanges, companies

Gemini lists Shiba Inu (SHIB) after other major exchanges offered support

Gemini pleasantly surprised the Shiba Inu community (SHIB) when it announced that it had included the token on its platform among a number of other tokens.

On November 12, 2021, Gemini announced that it was adding support for the deposits and custody of Shiba Inu (SHIB), Audius (AUDIO), Mask Network (MASK), Wrapped Centrifuge (wCFG), Quant (QNT), Radicle (RAD), Burn (ASH). ), SuperRare (RARE), Fetch AI (FET) and Numeraire (NMR).

Additional tokens will be supported, including new DeFi tokens, metaverse, infrastructure, and data management. Trading in these newly listed tokens will begin in API / FIX and ActiveTrader, followed by the Gemini mobile app and website.

Kraken suggests launching Shiba Inu this week

Brian Hoffman, head of products at Kraken, suggested that one of the leading crypto xchanges may finally launch the Shiba Inu (SHIB) cryptocurrency.

Hoffman said on Twitter that he was “feeling good” about the coming week, and added a GIF that shows Shiba Inu dog typing on a laptop. Tweet is no longer available.

Kraken originally announced that it would list memecoin on the exchange on November 2 in a viral tweet. But then the exchange backed down. The community has accused Kraken of using it to increase its exposure.

CBDC, Regulation

The first African CBDC wallet reached almost 500,000 withdrawals

Central bank digital currencies are gaining momentum around the world, and the Central Bank of Nigeria announced on Friday that a digital wallet for its own eNaira digital currency has been withdrawn 488,000 times in 160 countries – just 19 days after its launch.

According to local reporters, after the launch of eNaira by President Muhammad Buhari on October 25, approximately 17,000 transactions worth a total of 62 million N ($ 151,170) have taken place. Nigeria, with a population of 213 million, is the most populous country in Africa and is also the first on the continent to launch a CBDC project.

Cryptocurrency trading through banks has been banned in Nigeria since February, citing concerns from volatility, which poses a risk to local investors. The eNaira wallet seems to have mitigated the blow to many cryptocurrency traders in the country. A Statista report found that the country led the world in adopting cryptocurrencies with 32% of respondents saying they owned a crypto asset in 2020.

China ousted a former official for supporting cryptocurrency mining and corruption

The former Chinese official was expelled from the Chinese Communist Party for “serious violations of discipline and law” because he was found to have established and supported cryptocurrency mining activities, perhaps the first time the Chinese Anti-Corruption Bureau expelled an official for cryptocurrency mining.

The country’s anti-corruption surveillance announced on Saturday that Xiao Yi, a former vice chairman of the Jiangxi Provincial People’s Consultative Conference, was removed from office and expelled from the party.

Xiao was accused of abusing his powers to establish and support virtual currency mining activities that were contrary to national industrial policy, as well as other corrupt practices, including taking bribes and engaging in the exchange of power for money and sex.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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