Many cryptocurrency exchanges have adopted Proof-of-Reserves (PoR) to demonstrate transparency and reassure concerned users about the safety of their assets. Crypto analyst Martin Hiesboeck, however, maintains that PoR can be easily manipulated or misrepresented. He argued that PoRs...
The United States Trustee overseeing FTX's bankruptcy proceedings has called for an independent investigation into the exchange's collapse. U.S. Trustee Andrew Vara stated in a December 1 motion that within eight days in November, debtors suffered a virtually...
Cosmos (ATOM) started to recover after Bitcoin (BTC) hit $16.19K on November 22nd. Notably, the correction of ATOM's price occurred on November 28 after BTC's price fell from $16.60K on November 27. The market structure for ATOM was...
The once-self-made billionaire is reportedly on his way to his final $100,000. Sam Bankman-Fried had $100,000 left in his bank account last time he checked.https://t.co/tkQweOY7RO — db (@tier10k) November 29, 2022 A recent interview with Sam Bankman-Fried (SBF)...
Genesis, a cryptocurrency lender, said on Monday that it has no plans to file for bankruptcy anytime soon, just days after the collapse of cryptocurrency exchange FTX forced it to suspend customer redemptions. In an email sent to...
In recent years, decentralized finance (DeFi) experienced rapid growth. This key crypto sector provides people with unrestricted, open, and transparent access to financial instruments. People can use BNB Chain, Ethereum, Avalanche, and other networks to access a wide...
While Bitcoin was designed to facilitate secure money transfers, Ethereum was designed to enable developers to create decentralized applications (dApps). Most of the new Layer 1 protocols feature advancements far beyond Bitcoin's basic functionalities. Qtum incorporates some of...
The DeFi industry is becoming increasingly complex with the constant introduction of new protocols and dApps. This means that there are always new ways to make money in the DeFi space, but getting there may require navigating multiple...
There are two primary interest rates in the cryptocurrency market; the Annual Percentage Yield (APY) and the Annual Percentage Rate (APR). Both APY and APR measure interest earned over a year, but APY includes compound interest in its...
One of the largest cryptocurrency exchanges, FTX, went bankrupt, signalling a new era in decentralized finance. Users are panicking and moving their money from centralized exchanges to wallets and decentralized exchanges (DEXs). In the last 30 days, two...
