In case you missed out: top crypto and Web3 news for November 22 in brief

Stories in the cryptocurrency world continue to resemble detective or soap operas. As the tangle of lies and deception that began with FTX continues to unravel, the value of tokens is falling. And the whole market seems to be frozen, waiting for something to happen. In the meantime, developers are slowly improving their networks, and companies are preparing collaborations and updates.

Wow, more dirty stories about FTX

According to Reuters, the parents of Sam Bankman-Fried, the former head of bankrupt crypto exchange FTX, bought $121 million worth of real estate in the Bahamas. In all, FTX has purchased at least 19 properties in the past two years. Bankman-Fried’s parents have been named owners of a $16.4 million vacation home. 

Careful with Google Chrome

Avast has published a warning that a Google Chrome browser extension called VenomSoftX steals cryptocurrencies and personal information such as passwords.

Will Huobi absorb FTX?

Tron founder Justin Sun, who now runs the crypto exchange Huobi Global, said his team is ready to evaluate a potential deal to acquire FTX’s assets. This was reported by The Wall Street Journal. 

A new stablecoin is coming

In January 2023, the first decentralized stablecoin called Djed will be launched on the main Cardano network. The developers announced this during the Cardano Summit conference in Lausanne, Switzerland. Djed — will operate on the Cardano blockchain Layer-1 and is softly algorithmically pegged to the dollar. It will then be possible to use ADA as collateral to create a stablecoin.