Day: 12 December 2022

Blockchain technology is still moving forward despite the current bear market and the recent failure and bankruptcy of several significant crypto firms. Despite the recent events, crypto is aggressively being promoted for global adoption and accessibility.  Although it is well known that issues with remittances to African countries have not ...

Following the FTX scandal, the cryptocurrency exchange Bybit recently joined the crypto exchanges in the sector, striving for transparency.  According to a statement from Bybit, the Merkle tree-based Proof-of-Reserve system has been introduced. Users can easily confirm the assets they've deposited in Bybit using the system's Merkle Tree, which also ...

Elon Musk, the CEO of Twitter, is starting to see some progress in his battle against spamming bots on the microblogging and social networking platform. This is due to statements made by prominent members of the crypto community that replies from spamming bots have decreased drastically.  In a TED talk ...

According to South Korean officials, Do Kwon, the embattled Terraform CEO who oversaw the $40 billion collapse of the TerraUSD and Luna tokens, is hiding in Serbia.  Kwon left South Korea shortly after his project's native token, LUNA, and algorithmic stablecoin, UST, nearly fell to zero, causing massive investor losses ...

Senator Tom Emmer of Minnesota has criticized Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), for his ineffective efforts to obtain cryptocurrency data and demanded that Gensler testify before Congress to explain the implications of his regulatory failures.  Tom Emmer said in a tweet, "We now know ...

Financial regulators in South Korea are currently debating whether to make it mandatory for regulators to approve cryptocurrency projects before they can be listed on publicly accessible centralized exchanges. The regulators consider this crucial because it will lessen future potential losses for traders and investors.  Prior to the regulators raising ...

Solana's price came tumbling after the FTX liquidity crunch. Alameda Research, a trading firm related to FTX, had reportedly invested heavily in the Solana ecosystem, so the steep price decline wasn't based on fear, uncertainty, and doubt (FUD). The token has dropped by over 90% since its one-year high of ...

Changpeng Zhao (CZ), CEO of Binance, expressed his displeasure with Kevin O'Leary's statements in an interview with CNBC. In the interview, Kevin O'Leary claims that the CEO of the FTX exchange, Sam Bankman-Fried (SBF), is telling the truth when he claims that he did not knowingly commingle FTX client funds. ...

Decentral Games has partnered with CoinGecko, the world's largest cryptocurrency data aggregator, to launch an exclusive ICE Poker skin NFT and host a Metaverse drop party. The NFT gives users access to exclusive meetups such as Sit-n-Go tournaments. Bobby Ong, COO and co-founder of CoinGecko commented on the partnership, saying:  ...

Crypto.com has published a statement that includes its complete Proof-of-Reserves (PoR) information from an audit conducted by the Mazars firm. PoR audit records provided by the firm demonstrate that the client assets of well-known cryptocurrency platforms are safely in custody and fully backed up. https://t.co/vCNztABJoG releases Proof of Reserves audited ...