Binance CEO responses to Kraken founder’s criticism regarding Proof-of-Reserves

    Recently announced, Binance’s Proof-of-Reserves system met criticism from Kraken’s CEO Jesse Powell. Soon, Binance CEO responded on Twitter to Powell’s remarks. Last week, Binance published its Proof-of-Reserves (PoS) system for the company’s Bitcoin (BTC) holdings. The new system initially works with the crypto exchange’s BTC holdings but will later be expanded to include other tokens…

    Crypto Trends Weekly – Nov. 19–25
    28 Nov 2022
    223 Views

    Breaking crypto news from the last week (Nov. 19–25, 2022): Nov. 19: Grayscale Investments said it won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. However, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Nov. 20: Binance…

    Web3 and the Metaverse bring people together amid FIFA World Cup
    28 Nov 2022
    325 Views

    Prominent brands from the crypto universe are spearheading novel collaborations and partnerships with mainstream brands and organizations to unlock an array of fully immersive and gamified experiences revolving around the largest football event of the year in Qatar. As social beings, the desire to “belong” is deeply ingrained in us. Since time immemorial, humans have…

    ApeCoin DAO launches bespoke NFT marketplace
    27 Nov 2022
    188 Views

    ApeCoin DAO launches a new NFT marketplace on Nov.23 that will sell NFTs from Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherdeed collections. The marketplace will honor creator royalties and pass half the seller fees for each transaction back to the ApeCoin DAO community. Back in August, the community…

    Crypto Investments Weekly – Nov. 19–25
    27 Nov 2022
    150 Views

    Top investment deals across the crypto sector over the last week (Nov. 19–25, 2022): Crypto brokerage Genesis warns of bankruptcy without funding According to Bloomberg, digital asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts…

    POLITICO: The Middle East’s crypto paradox
    27 Nov 2022
    230 Views

    The Middle East, where crypto use is growing fastest, offers the starkest contrasts between cryptocurrency’s origins as anti-government money and the growing desire of governments to use the technology to modernize markets and monitor financial activity – writes Ben Schreckinger on POLITICO. At high-powered business gatherings this week, government officials and executives here highlighted their…