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News of cryptocurrencies of the 1st week of December 2022

The crypto community continues to struggle with difficulties. Companies continue to reduce the number of their employees, Binance actively cooperates with auditors. But the adoption of cryptocurrencies around the world continues.

Phantom will expand to Ethereum and Polygon

The Phantom developers recently announced support for the Ethereum and Polygon networks in a Solana-based cryptocurrency wallet. The beta version will be launched within the next few weeks, and then the public version of the multi-chain wallet will be presented.

According to the latest statistics, Phantom has over 3 million active users. It is one of the most popular Solana-based wallets created by the developers of the 0x decentralized protocol. Its main advantage over competitors is NFT support and access to tokens in different ecosystems without having to reconnect to other networks.

Apple wants to take 30% of the fees paid for NFT transactions on the blockchain

Apple has rejected an update to the popular crypto wallet app Coinbase Wallet in the App Store. She explained this by her desire to charge for gas when sending NFTs through the Apple system and take 30% of the amount. Because of this, iOS clients are now unable to send NFTs via Coinbase Wallet. Coinbase commented that even if desired, this is impossible to implement, since Apple does not support cryptocurrency payments. It’s also worth noting that gas fees are currently not charged to Coinbase, but to network miners.

Binance is again transferring huge amounts between its wallets

Binance has again started sending large-value transactions between its wallets. So, the amount of one transaction was 127,351 BTC ($2 billion), only $0.42 was spent on the network commission.

The head of the exchange commented that the service has started working with an auditor to confirm the transparency of its new Proof-of-Reserve system. At the request of the auditor, the exchange had to confirm that it really controls the wallet.

Cryptocurrency exchange Kraken fired approximately 30% of its staff

In order to adapt to current market conditions, the Kraken cryptocurrency exchange laid off approximately 1,100 employees, or about 30% of the staff. Jess Powell, co-founder and CEO of the company, noted that the reduction of the team returns the exchange to the indicators that were a year ago. He also stressed that macroeconomic and geopolitical factors have been actively influencing the financial market for a year already. Because of this, the stock exchange significantly decreased trading volumes.

Kraken will continue to pay wages to laid-off employees for 16 weeks and provide them with free medical care for four months. The company will also pay the bonuses due to them, provide employment assistance and visa support if necessary.

Dominica introduces first national token under Huobi-Tron partnership

Cryptocurrency exchange Huobi has announced a strategic agreement with the Tron network, DMC Labs, and the government of Dominica. The purpose of the agreement is the joint launch of the world's first national token, Dominica Coin (DMC).

Also, a virtual identification protocol called DID will be launched on the Tron platform. DMC holders will automatically receive a "digital citizenship" of Dominica. In the future, the developers are going to organize the interaction of the DMC token with the Ethereum and BSC networks using the BitTorrent Chain protocol. DMC will be given legal status in the Commonwealth of Dominica, as a result of which the token can be used in this country as a means of payment.

Brazil legalizes payments in cryptocurrency

The Brazilian Parliament passed a law legalizing cryptocurrency payments. Cryptocurrencies now have legal status in the old, which allows residents to pay for goods and services with them. Also, the law now allows crypto exchange platforms to obtain licenses to store and manage cryptocurrencies. By law, exchanges will be required to clearly distinguish between company and user funds. We are also developing our own CBDC token for integration with both traditional and decentralized financial structures and institutions.

Coinbase transferred about 4.8 billion USDC to circle addresses in last 14 days via leaked addresses

Information has surfaced online that Coinbase has sent around 4.8 billion USDC to Circle addresses over the past couple of weeks via third-party addresses. Circle is a cryptocurrency company that was founded in 2013 as a payment platform for making payments in cryptocurrencies.

The creators of the Elon Goat Token (EGT) meme-token troll Elon Musk

The creators of EGT held a strange PR campaign. They created a monument, spending $600,000, in the form of a techno monster with the body of a goat and the head of Elon Musk. In the arms of this creature is a rocket.

The company explained its performance by the difficulties with the development of its project. The statue was driven all weekend across the country to the house of Elon Musk. This event attracted the attention of journalists, but Musk himself did not comment on what happened.