The two-year project produced a white paper in February; research results will continue to appear, with the Fed’s partner at MIT scheduled to make a research report in January.
What are proof-of-reserves audits, and how do they work?
With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are working to establish the structures and controls that are most effective for particular markets and offerings. Self-custody, exchange […]
What are proof-of-reserves audits, and how do they work?
Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors.
Defrost finance says it has recovered lost funds worth $12 million from hacker
The post Defrost finance says it has recovered lost funds worth $12 million from hacker appeared on BitcoinEthereumNews.com. Decentralized leverage trading platform on Avalanche, Defrost finance reported that all the funds lost due to an exploit on its platform on Dec. 23 were returned on Dec. 26 after…
Analyst Nicholas Merten Says Binance Coin (BNB) Primed To ‘Fall off a Cliff’, Warns of 2008-Style Macro Collapse
The post Analyst Nicholas Merten Says Binance Coin (BNB) Primed To ‘Fall off a Cliff’, Warns of 2008-Style Macro Collapse appeared on BitcoinEthereumNews.com. Widely followed crypto analyst Nicholas Merten says Binance Coin (BNB) looks like it’s on the verge of collapsing despite holding up relatively well compared to other altcoins. In a new…
Ethereum Bearish Signal: Network Demand Remains Low
The post Ethereum Bearish Signal: Network Demand Remains Low appeared on BitcoinEthereumNews.com. On-chain data shows the demand on the Ethereum network has continued to drop recently, a sign that could be bearish for the asset’s value. Ethereum Total Transaction Count Continues To…
Defrost finance says it has recovered lost funds worth $12 million from hacker
Decentralized leverage trading platform on Avalanche, Defrost finance reported that all the funds lost due to an exploit on its platform on Dec. 23 were returned on Dec. 26 after claims of a possible rug pull. The hacked funds have been returned to #DefrostFinance. The affected users will very soon be able to claim their […]
Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So
The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore. Stablecoin Redeem Count Has Remained Low Recently As pointed out by an analyst in a CryptoQuant post, large stablecoin redemptions have usually accompanied major declines in the Bitcoin price during this bear market. A […]
FTX ambassadors and promoters face class action lawsuit
Financial watchdogs are seeking billions of dollars from the exchange’s ambassadors to compensate investors.
Nexo Says It ‘Has Not Given Up’ On Bailout for Rival Crypto Lender Vauld
Crypto lender Nexo insists it is still in talks with rival Vauld over potential acquisition of the Singapore-based company.