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…

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…

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 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…

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…

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…

Top crypto news from the Middle East region over the last week (Nov. 18 –24, 2022): Abu Dhabi-based crypto firm plans to acquire FTX Crypto trading firm Hayvn based in Abu Dhabi, the UAE considering a bid for collapsed FTX’s payments business FTX Pay, the company said on Friday. Hayvn executives consider FTX Pay as…

Dubai’s crypto industry leaders commented on how the FTX collapse will affect the crypto sector within the UAE. Among them, various professionals gave their perspectives on how Dubai and the UAE’s crypto landscape will be affected by the FTX debacle – from stricter regulations to better projects leading the way. Kokila Alagh, the founder and…

ConsenSys, one of the firms behind the Ethereum Merge, revealed on Nov. 24 that it also collects user data related to its on-chain wallet service MetaMask. The firm said when using Infura as an RPC on MetaMask, a user’s IP address and wallet address information would be collected as well.   According to the new…

Argentina’s shocking loss to Saudi Arabia in the opening match of the FIFA World Cup in Qatar has plummeted the price of the Argentine Football Association Fan Token (ARG). It seems that the price of fan tokens, designed for the engagement of football fans, is sensitive to the on-field performance of teams. With the ARG…