Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Media startup says it will buy back $10 million SBF stake</h2>Media startup Semafor said that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million stake in the company.Semafor will seek to raise money from other sources to make up what it is giving back.The $10 million was part of a previous $25 million seed funding round. Semafor had disclosed the investment on December 2.The startup is the latest in a string of news sites and political groups that have said they will return money given to them by FTX and its executives.Source: <a href="https://cointelegraph.com/news/media-startup-says-it-will-buy-back-10-million-sbf-stake-report" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-1">#2. Genesis may file for bankruptcy</h2>Crypto lender Genesis seems likely on the verge of filing bankruptcy after failed negotiations between the firm and creditors.Bloomberg reported that Genesis is preparing to file for bankruptcy protection as soon as this week.The Block also reported that as part of the proposed deal, creditors would agree to a forbearance period of between one and two years on payments, and receive cash and equity from DCG as part of the agreement.Source: <a href="https://decrypt.co/119503/genesis-bankruptcy-creditor-negotiations" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-2">#3. National Australia Bank creates stablecoin</h2>The National Australia Bank has created a stablecoin called AUDN that allows business customers to settle transactions in Australian dollars.The bank is aiming for transactions to launch mid-year, including carbon credit trading and remittances.The stablecoin will launch on the Ethereum network and be backed one-to-one with Australian fiat held by the bank.Source: <a href="https://www.theblock.co/post/203614/national-australia-bank-creates-stablecoin-called-audn-afr" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-3">#4. US charges crypto exchange Bitzlato with money laundering</h2>The U.S. Justice Department and Treasury Department have charged Bitzlato with money laundering and arrested its founder in Miami.Bitzlato, a Hong Kong-based platform, has been effectively shut down, and founder Anatoly Legkodymov was taken into U.S. custody.The Treasury&#39;s Financial Crimes Enforcement Network (FinCEN) formally labeled the company a “primary money-laundering concern,” which is among the most serious sanctions.Source: <a href="https://www.coindesk.com/policy/2023/01/18/us-disrupts-bizlato-crypto-exchange-arrests-founder/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-4">#5. Thailand SEC issues regulations for crypto custody providers</h2>Thailand&#39;s Securities and Exchange Commission issued regulations for crypto custody providers to establish a digital wallet-management system.The regulations took effect on Monday seek to ensure the safety of customers&#39; assets. It offered policies and guidelines for overseeing the management of digital wallets and keys plus procedures for designing digital wallets.The regulation also says custodians need to have a contingency plan in case an event occurs that could affect the management system of digital wallets and keys.Source: <a href="https://www.coindesk.com/policy/2023/01/18/thailand-sec-issues-regulations-for-crypto-custody-providers/" rel="noopener noreferrer nofollow">CoinDesk</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/cmccommunity" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/ApolloX_Finance" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_Finance" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXFinance" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_finance/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Genesis may file for bankruptcy, National Australia Bank creates stablecoin

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