Community News:
1. Bitcoin mining difficulty may see the biggest drop in 2022
The Bitcoin network is expected to see a difficulty adjustment on December 5. Analysis shows that the difficulty adjustment may be reduced by 6.13% to 10%, which is expected to exceed the 5.01% drop on July 21 and become the largest drop in 2022. (Bitcoin.com)
2. SBF will hold a Twitter Space talk in two weeks
BitBoy Crypto founder Ben Armstrong announced on Twitter that he will be working with SBF on a Twitter Space in the next two weeks. He said in the post, "SBF has agreed to host a Twitter Space with me in the next two weeks. You can confirm that we have spoken."
Industry News:
1. BlockFi’s largest creditor is Ankura Trust, followed by FTX US
According to BlockFi's bankruptcy filing, Ankura Trust Company, LLC is its largest creditor, with unsecured claims worth approximately $729 million, followed by FTX US and the U.S. Securities and Exchange Commission, with unsecured claims of $275 million and $30 million, respectively. The amount from FTX US appears to come from a line of credit provided to BlockFi earlier this year, while the amount from the U.S. Securities and Exchange Commission is related to a multi-party investigation settlement agreement reached by BlockFi with state and federal regulators in February this year. (The Block)
Policies and Regulations:
1. India will pilot retail digital currency CBDC on December 1
The Reserve Bank of India said it will conduct its first retail digital currency pilot on December 1 and expand the scope of the test a month later to evaluate the functions and applications of digital currency in the South Asian market. (Techcrunch)
2. The U.S. House Financial Services Committee will hold a hearing on the FTX incident on December 13
The U.S. House Financial Services Committee will hold a hearing on "Investigating the Collapse of FTX, Part I" at 10:00 EST on December 13, which is expected to include specific details on how the FTX collapse affects the broader digital asset industry. (Planet Daily)
3. Israel’s Ministry of Finance proposes new guidelines for digital asset regulation
Israel's Ministry of Finance issued a series of digital asset regulatory recommendations on Monday, calling for the establishment of a new regulatory infrastructure, legislative licensing powers and oversight to support the issuance of digital assets (including stablecoins) and the financial services provided through them. The recommendations also call for legislation to give the Bank of Israel regulatory authority over digital assets that "have significant stability or monetary impacts." (CoinDesk)