A few weeks ago, Binance CEO declared that exchanges moving large amounts of crypto to prove their wallet address is not good news. Cryptocurrency exchange Binance is moving large amounts of cryptocurrency as part of its proof-of-reserve (PoR) audits, according to the CEO. Binance sent 127,351 Bitcoin (BTC), or more than $2 billion, to an...Continue Reading

The IRCI report states that Australians still believe in Bitcoin and that the boomer demographic is growing in conviction. Bitcoin (BTC) has topped the crypto charts in a survey from down under. According to 2,000 Australians surveyed by the Independent Reserve Cryptocurrency Index (IRCI), Bitcoin is number one for brand recognition, ownership and overall sentiment. ...Continue Reading

The temporarily frozen lending markets include twelve Ethereum-based tokens and five stablecoins. The lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in the list are Yearn Finance (YFI), Curve Finance (CRV), 0x (ZRX), Decentraland...Continue Reading

Web3 is the next-era internet based on decentralized architecture and some innovative concepts. Find how Web3 resolves fundamental problems in Web2. What are the challenges with Web3 For mainstream adoption of Web3, prevalent challenges need to be dealt with. These include centralized infrastructure, lack of regulatory clarity and rug pulls. While Web3 is perceived to...Continue Reading

The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges. The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter. Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close...Continue Reading

The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors. The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister...Continue Reading

Bitcoin miners face a shakeout, one metric warns as the November monthly close looms for BTC. Bitcoin (BTC) prepares to exit a grim November just above $16,000 — what could be on the menu for BTC price this week? In a time of what analyst Willy Woo has called “unprecedented deleveraging,” Bitcoin is far from...Continue Reading

In November, the crypto community investigated and found SBF guilty of manipulating and misappropriating users’ funds, ultimately leading to the fall of the empire built around FTX. The fall of FTX seemingly had the biggest impact on the crypto ecosystem as Google searches for the CEO Sam Bankman-Fried (SBF) hit the roof over in November...Continue Reading

Former AAX executive Ben Caselin said that his role in the firm became hollow and that the trust in the brand is broken. Weeks after the AAX exchange started halting its withdrawals, its vice president for global marketing and communications announced that he has resigned from his role at the cryptocurrency exchange.  In a Twitter...Continue Reading

The fall of FTX appears to have brought back certain crypto “villains” out from hiding, one even wants to start a new podcast series. Three Arrows Capital co-founder Su Zhu looks like he may be attempting a comeback amid the fallout over FTX and Sam Bankman-Fried — seen by some as the crypto industry’s newest...Continue Reading