While Bitcoin, Ethereum, and the rest of the crypto market has barely budged on this Black Friday—but one digital asset is soaring: Dogecoin. 

Before RLWC 2021 started, CoinEx announced that it would become the Exclusive Cryptocurrency Trading Platform Partner of the global event to provide sponsorship, cheer for all athletes, and witness their glory on the rugby field.

Crypto trading firm Hayvn based in Abu Dhabi, the UAE considering a bid for collapsed FTX’s payments business FTX Pay, the company said on Friday. Hayvn executives consider FTX Pay as a well-suited business, matching the Hayvn Pay infrastructure. Crypto exchange FTX is reportedly planning to sell or reorganize its subsidiaries, including the payments business.

As per the recent <a rel="nofollow" href="https://twitter.com/WuBlockchain/status/1596116422140129282">tweet</a> from WuBlockchain, the launch of this feature will start initially with BTC, then move to other tokens and networks being added in the next couple of weeks. In addition to this, <a href="https://coingape.com/glossary/binance/">Binance</a> will also implement ZK-SNARKs for PoR later to improve privacy and robustness.

Assets belonging to former FTX CEO Sam Bankman-Fried have been seized by the country’s Financial Crimes Investigation Board, locally known as MASAK, following the collapse of his main business.

The cryptocurrency market cap saw net inflows of $1.1 billion over the last 24 hours and currently stands at $832.1 billion, up 0.14% over the reporting period.

The top cryptocurrency crowdfunding platform, Coinlist, is unable to withdraw its coins. Recently as per the WuBlockchain <a rel="nofollow" href="https://twitter.com/WuBlockchain/status/1595751967581933570">tweet</a> some of the Conlist community members reported that the <a href="https://coingape.com/glossary/cryptocurrency-5/">cryptocurrency</a> crowdfunding platform, Coinlist is unable to withdraw its coins. As per Coinlist the official reason is that the custody partner is undergoing maintenance, but it has lasted for more than a week. Notably, Coinlist suffers a $35 million loss as a result of the <a href="https://coingape.com/3ac-owes-2-36-billion-to-crypto-lender-genesis/">3AC</a> crash.

Demand for new ways of value storage is often connected to economic happenings and citizens taking matters into their own hands. In recent years, many people have been turning to cryptocurrency to find solutions to the current flawed financial system.

The largest whales on the Ethereum ($ETH) network have added over $1 billion worth of the second-largest cryptocurrency by market capitalization in a single day as they continue “rapidly” accumulating the cryptocurrency after its price dropped significantly.

Many cryptocurrency exchanges believe that the early adoption of digital currencies will help India gain an advantage in the steadily growing global cryptocurrency ecosystem.