Binance submits FTX evidence to UK courts
Chinese cryptocurrency reporter Colin Wu tweeted on his account Wu Blockchain that Binance had declared it would provide evidence to UK lawmakers about its deal with FTX and its decision to sell FTT. According to a report from the Bloomberg television network, which Colin Wu tweeted about, Binance’s announcement to submit the details would prove…
Shiba Eternity: All That Has Happened Until Now
Shiba Inu has come a long way since it was first created. The coin, which had humble beginnings as a meme coin, has triumphed over all opposition to reach its current status. On the horizon for Shiba Inu were innovations like Shibarium and the Metaverse, as well as the Shiba Eternity franchise. The day of…
Ex-Terra Exec sold LUNA for $105.52M: Probe underway
There have been reports that Terra Exec Shin Hyun-Seung, aka Daniel Shin, the co-founder of Terraform labs, has been summoned by South Korean prosecutors to appear at an investigation this week in connection with his alleged unjust enrichment from the sale of LUNA [now LUNC] tokens. After being accused of “storing LUNA tokens which had…
Shiba: FTX Hacker Trades 400 Billion SHIB for Ethereum
The consequences of FTX continue to worsen. PeckShield reports that an address called “FTX Accounts Drainer” traded 2346 ETH for 400 billion Shiba Inu (SHIB) tokens, worth about $3.9 million. At a price of $2.9 million, the Ethereum represents a loss of roughly $1 million for the associated address. Etherscan reports that on the morning…
Bitcoin Searches Soar, Will Discounted Prices Lure New Investors?
The current state of crypto is being called by many the worst it has ever been. While the Terra blockchain death in the summer made headlines, the FTX blockchain death this month has once again highlighted the importance of cold storage. At the same time, the value of Bitcoin (BTC), the first cryptocurrency, hit a…
Huobi and Gate.io accused of sharing snapshots with loaned funds
Shortly after publishing its asset snapshot, the Huobi exchange was found to have sent 10,000 ether to deposit addresses at Binance and OKX. Crypto exchanges have decided unanimously to share proof of reserve with the public as a way to showcase legitimacy in the wake of growing mistrust among crypto investors following the FTX collapse.…
Crypto.com Under Fire for MEME Coin Reserves and Fishy ETH Transfer
During the FTX crash, Crypto.com made headlines when it said that 20% of its holdings were in the Shiba Inu (SHIB) token, a very risky “meme coin.” This led to Crypto.com coming under fire. The reports were published in an effort to increase communication between the platform and its users during the recent cryptocurrency market…
Despite a Perusal of Proof-of-reserve, CRO Bulls Fail to Overpower Bears
Despite CZ’s idea of open scrutiny of their proof-of-reserves strategy, Cronos’ price action has plunged in the last 24 hours. As of the time of publication, the price of CRO had fallen by more than 15,43%, to $0.06838. The market capitalization of all listed companies dropped by 15.93% to $1,723,475,224 and 24-hour trading volume increased…
Bitfinex CTO reveals reserves after FTX bankruptcy
CTO of Bitfinex reveals reserve proof amidst FTX bankruptcy drama. This year’s collapse of prominent cryptocurrency ecosystems like FTX and Terra (LUNA) has highlighted the need for openness regarding the actual reserves of cryptocurrency exchanges and businesses. Bitfinex, a cryptocurrency exchange, recently made public its proof of reserves amidst widespread uncertainty and skepticism (FUD) in…
Got any book recommendations?