Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency. Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement on the Binance website, the exchange outlined how…
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LINK’s price retraces to its 200 days range as the price aims for a breakout ahead of its staking scheduled in December 2022. LINK’s price remains strong as bulls reclaim $6 despite uncertainty in the market traders and investors remain cautious. LINK’s price bounces from a low of $5.5 on the daily timeframe as the…
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DOGE’s price holds above $0.08 as the price gears for a rally to a possible high of $0.15. DOGE’s price remains strong as bulls reclaim $0.088 despite uncertainty in the market traders and investors remain cautious. DOGE’s price bounces from a low of $0.07 on the daily timeframe as the price reclaims $0.088 as price…
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The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC. The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of…
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Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states. Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25. Joseph Borg, Alabama Securities Commission Director, confirmed that its…
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BNB’s price bounces off from $250 as the price rallies to a high of $300 as bulls take charge of the price. BNB’s price remains strong as bulls reclaim $300 despite uncertainty in the market traders and investors remain cautious. BNB’s price bounces from a low of $250 on the daily timeframe as the price…
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The Solana Foundation lost close to $200m in the epic collapse of crypto exchange FTX, and says it remains an open question if any of it can be recovered in the aftermath of the bankruptcy. According to a newly updated report, the Solana Foundation held approximately $1m in cash, 3.43m FTT tokens, and 134.54m SRM…
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Regulators failed to regulate, and venture capital firms invested without conducting the proper due diligence. The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment.…
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Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray. The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the…
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Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to freeze withdrawals. Customers Retain Access…
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