As crypto.com transitions to Proof Of Reserve, the development occurs, and the preliminary audit shows that Shiba Inu owns 20% of the assets. As the FTX collapse forces every firm to focus on transparency. The majority of firms are shifting to make the firm transparent. As a result, Crypto.com was
Crypto.com, the Singapore-based crypto exchange firm, has made a recent announcement after it pledged to publish “audited proof of reserve.” According to a recent tweet from Kris Marszalek, the CEO of Crypto.com, the platform will publish the list of cold wallet addresses and balances for major digital assets within 24
In light of the recent reports about FTX’s liquidity crisis and allegations of manipulation of client cash, cryptocurrency prices have fallen this week, and the market volatility may have even spread to the NFT industry. Moreover, in light of the recent decline in the price of Ethereum, investors may be
Coinbase’s newest wave of layoffs is an indication that the exchange may still be seeking to reduce expenses in the current crypto bear market. According to Thursday’s report by The Information, more than sixty employees in Coinbase’s recruitment and institutional onboarding divisions will be let go. Just five months ago,
The cold wallet addresses of Binance, the biggest cryptocurrency exchange in the world, have been made public. Binance’s continuous dedication to openness was highlighted as a reason for the change. However, throughout the next weeks, the cryptocurrency exchange will be publishing Merkle tree proof of funds. #Binance published cold wallet
Justin Sun, the founder of Tron, plans to provide a “holistic solution” to alleviate the liquidity crisis facing FTX. Meanwhile, on-chain data indicated that the algorithmic stablecoin USDD has unexpectedly begun depegging and was last trading at $0.98. A previous response from Justin Sun indicated that it is likely that
As a result of the collapse of the competitor exchange FTX, Crypto.com CEO Kris Marszalek has become the newest cryptocurrency corporation to pledge to “audited Proof-Of-Reserve.” We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves and https://t.co/pFc4Pz9nFR will be publishing our
Customers of the cryptocurrency exchange Crypto.com were informed today via an email that all deposits and withdrawals for the USDT and USDC tokens from Circle and Tether have been halted on the Solana network. Though the email said that the freeze would take place immediately, it did not specify why
420,949 shares of Coinbase (COIN) were acquired by Ark Invest, an investment company led by protracted Bitcoin advocate Cathie Wood, for just around $21.4 million, as reported by the firm’s daily transaction brief. About 33,000 of the total bought shares went to ARKK, the company’s flagship exchange-traded fund (ETF) that
Invests $15 Million in Mysten as Part of $300 Million Series B Funding Round PALO ALTO, Calif.–(BUSINESS WIRE)–Mysten Labs (“Mysten” or the “Company”), a web3 infrastructure company and developer of the Sui Layer 1 blockchain, today announced that it has entered into a strategic partnership with NCSOFT, a global premier
