Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer information on these purchases.

Whale Alert in a tweet on November 28 revealed that 127,351 BTC worth $2.06 billion has been transferred from crypto exchange Binance to an unknown wallet. The crypto community raised concerns about the motive behind the massive amount of Bitcoin moving from Binance.

The cryptocurrency industry saw one of the most spectacular crashes of one of its giants earlier this month, which cast doubt over the entire market and investors’ perspectives on it.

Leading analytics firm Glassnode reveals that crypto exchanges are witnessing a massive exodus of Bitcoin as BTC holders take the initiative to self-custody their coins.

Glassnode Data Shows That FTX Collapse Left Bitcoin Holders Unfazed.

The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, has extended his bearish stand on the global economy amid prevailing fears of an impending recession.

El Salvador’s government doubled down on its crypto initiatives by creating a National Bitcoin Office (ONBTC) that will oversee all local projects related to the asset.

“Bitcoin [BTC]‘s bottom is close” has been the order of the day since the king coin traded at a price of $15,800. However, that opinion might not be as valid as many investors might have hoped.

Bitcoin price bounced off the $15,400 price level and staged a recovery over the past day. In the last 24 hours, BTC has been moving sideways after claiming the $16,000 price mark.

The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now?