Crypto World News
Crypto World News
The failure of FTX proved the importance of proof-of-reserves for centralized crypto exchanges. The growing commitment to transparency among crypto firms is encouraging for every other exchange. Multiple crypto exchanges have expressed interest in publishing Proofs of Reserves, including popular…
Canaan, a Bitcoin miner firm, released its quarterly financial report this morning. The report shows that Revenues in Q3 2022 were $137.5 million (RMB978.2 million), representing a decrease of 40.8% from Q2 2022 and 25.8% compared to last year’s figures for the…
Following the announcement by the CEO of Crypto.com that it will adopt proof-of-reserves in light of the failure of rival exchange FTX, Cronos (CRO), the exchange’s native token, falls by roughly 21.73% in 24 hours. Data from Coinmarketcap shows that…
Following the FTX crisis, California’s Department of Financial Protection and Innovation (DFPI) suspended cryptocurrency lender BlockFi’s license for 30 days, pending an investigation into the company’s recent decision to limit its business operations. After Terra Luna’s disaster, the demise of FTX and…
Ethereum, the second largest cryptocurrency by market cap of about $154.08 billion, was one of the best-performer among other assets in October, with an 18.4% increase despite global economic turmoil. According to a report released by CryptoCompare, an international cryptocurrency market data…
Customers in the United Kingdom can now take advantage of the newest product from Uphold, a worldwide multi-asset digital trading platform, “a crypto-linked debit card.” These cards have reward rates of up to 4% in the $XRP cryptocurrency. According to…
The Shibburn Tracking Services website, which tracks all SHIB burn transactions, reveals that the number of Shiba Inu being burned has increased dramatically by over 1594.61% in the past 24 hours. This number is much lower than what we’ve seen…
The New Sports Economy Institute (NSEI) filed a petition on November 10th, asking for the court to file an amicus brief in support of the United States Security and Exchange Commission (SEC) lawsuit against Ripple. NSEI said it had worked closely with…
BlockFi, a cryptocurrency-related financial service provider, announced via Twitter on Thursday that due to the downfall of FTX, they were incapable of conducting business as usual and had thus limited their activities. According to their statement: We are shocked and dismayed…
Maker (MKR), an ERC-20 token native to the Maker Protocol, has seen an optimistic rise of over 20% in the last 24 hours time frame while all other cryptocurrencies faced major losses. The recent controversies surrounding the FTX crisis and…