According to Cake DeFi, users can now verify both assets and liabilities through their website. Singapore-based decentralized finance (DeFi) services firm, Cake DeFi, has announced the release of its Proof of Reserves using the cryptographically-audited Merkle tree method.  Developed by Ralph Merkle in 1979, the Merkle tree method is a way of proving that a...Continue Reading

The partnership hopes to bring the Metaverse directly into the living rooms of viewers. South Korean tech giant LG Electronics announced that it has teamed up with Oorbit, a cloud-based technology platform and PIXELYNX, a company building an integrated music, gaming, and Web3 ecosystem, to bring the metaverse directly into the living rooms of viewers....Continue Reading

They appear to have authorized a malicious DApp to transfer their tokens, leading the assets to be drained immediately. Nonfungible token (NFT) influencer CryptoNovo announced on Jan. 4 that he fell victim to a cyberattack and lost two CryptoPunks. He wrote on Twitter, “I just got hacked!!! Are you kidding me!?!” and included a screenshot...Continue Reading

Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re not there yet. Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s...Continue Reading

With no leadership elected to the House of Representatives, efforts to address fraud allegations at FTX or legislate crypto may be delayed indefinitely. At the time of publication, the United States House of Representatives was at a historic standstill in its process of choosing a Speaker for the 118th Congress — a quagmire that could...Continue Reading

From Donald Trump’s trading cards to Tai Lopez’s peculiar NFT collection, 2022 marked another year of poorly thought-out NFT drops by big names. Mainstream hype for the nonfungible token (NFT) market cooled down significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with dreadful collections...Continue Reading

Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable. Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms...Continue Reading

The wallet address of RTFKT’s chief operating officer got drained of its NFTs through a phishing scam. In this week’s newsletter, read about how nonfungible tokens (NFTs) in the Magic Eden marketplace showed “unsavory images.” Read about Final Fantasy developer Square Enix’s aggressive investments in blockchain gaming and how play-to-earn (P2E) will transition from the...Continue Reading

Bitcoin and select altcoins are showing signs of starting a sustained recovery over the next few days. Gold made a strong start to the new year and is trading close to a seven-month high on expectations that the United States Federal Reserve may slow down and hike rates only by 25 basis points in its...Continue Reading

While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption. Effective regulations are one of the key gateways to cryptocurrency’s mainstream adoption. Due to greater compliance, crypto businesses saw broader acceptance from regulators worldwide. While the crypto ecosystem was awarded countless operational...Continue Reading