Cryptocurrency Analysis and News Portal
On Feb 10, Cryptocurrency exchange Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs — a cutting-edge technology that Binance says will allow it to verify its reserves in a more secure and transparent manner.3. Product and Service. Plus transparency.The #Binance Proof of Reserve system
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A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CryptoX's request for information about the financial reserves backing the USDT token. Source
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Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with
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What captivates many creators in the realm of blockchain and Web3 is the possibility to create, own and earn without intermediaries, and nonfungible tokens (NFTs) have emerged as a catalyst in how it could be possible. On this week’s episode of NFT Steez, co-hosts Alyssa Expósito and Ray Salmond chat with
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“We had not tried to sit down with people in the industry” to discuss staking, the process by which crypto holders delegate their tokens to validators in order to earn crypto rewards, Peirce said. She said the SEC has known about staking for a long time, and its decision to
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The merger of Web2 and Web3 tools continues as crypto-backed debit cards become more mainstream. In an announcement on Feb. 10, Bit2Me, the largest Spanish cryptocurrency exchange, revealed its new cashback debit card in partnership with Mastercard. The original Bit2Me card works for its users via the Mastercard network that hosts
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In the latest episode of NFT Steez, Thomas Webb, the founder of the interoperable avatar game Worldwide Webb, discusses the integration of interoperability in Web3 and the Metaverse. By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services.
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In theory, stablecoins could be used widely for ordinary payments. But no stablecoins show signs of functioning at scale. High fees, slow processing speeds and other barriers make them expensive and inconvenient. Nor are they very stable. By some estimates, at least two dozen stablecoins have failed since their introduction
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The coinbase transaction’s value is based on factors such as each individual transaction’s value, block height, and halving. Miners can add any customizable text to the blocks they have created. The value of a coinbase transaction is determined by several factors. These include the value of every transaction validated
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The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 10, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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