Tag: Cryptocurrency News
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…
How much did Crypto Markets lose in 24 hours?
On Wednesday, the cryptocurrency markets experienced a bloodbath as top coins suddenly dropped in price, wiping out their entire week’s worth of gains. On the day, Bitcoin’s price dropped to $17,700, matching its November 2020 low. This means that Bitcoin has returned its investors to square one after erasing all profits it promised in 2021.…
Binance Acquire FTX: BNB Soars
Binance CEO Changpeng Zhao (CZ) recently confirmed in a tweet that the company would acquire FTX in full. This was also confirmed by Sam Bankman-Fried in a recent tweet of his. The CEOs of both exchanges have confirmed that they have agreed to a strategic transaction. The drastic action was taken to ease the severe…
CZ Binance explains why it’s so important to be building during the bear market
One of the crypto industry’s top executives explains why: cheaper labor and business acquisition. Binance CEO Changpeng Zhao “CZ” spoke on a live panel at the Web Summit in Lisbon, explaining why he thinks it’s crucial for cryptocurrency projects to keep moving forward despite the bear market. This is what CZ has to say about…
Crypto executives discuss the emergence of Web3 tech hubs around the world
Silicon Valley, Singapore or Seoul? In what locations would you recommend someone interested in a crypto career look first? Some people consider places like Miami and Silicon Valley to be the traditional centers of innovation. There are those who prefer Singapore or Seoul. Furthermore, there are those who believe that all one needs to make…
Crypto Analysts Believe Bitcoin Could Hit $30k In 2023
Crypto Analysts Believe Bitcoin Could Hit $30k In 2023 There was a period of relative calm for BTC in the final week of October. PlanB forecasts that bitcoin will experience a significant price increase in November. Following a gain of 0.47%, the price of Bitcoin has reached $20,582.40. Last week in October, the global crypto…
Reserve Bank of India Launches Digital Rupee
Reserve Bank of India Launches Digital Rupee on November 1 The Reserve Bank of India will soon launch a digital pilot Rupee backed by the central bank. Used for the settlement of secondary market trades in government securities. The pilot will involve nine different banks, one of which is the State Bank of India (SBI).…
