Cryptocurrency Analysis and News Portal
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks. However, according to professionals working in the Web3 space, there are multiple ways and tools to prevent
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“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” ISDA CEO Scott O’Malia said in a statement, adding that new definitions would help in bankruptcy cases. Original Source
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The service will be available to Binance's API users from Jan. 26. Users of the exchange's website and app will not be affected. Source
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When he’s not working on hastening humanity’s rush toward the Singularity by creating an artificial general intelligence (AGI), Ben Goertzel plays in a jazz-rock band called Jam Galaxy fronted by a robot named Desdemona. It’s one of his many
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Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to prevent collapses like FTX.All Bitcoin (BTC) transactions are available publicly on-chain, which
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Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe. This is reflected in the other altcoins as most, if not all, move alongside
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Genesis is in talks with creditors and potential investors, Bloomberg News reports. Source
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Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion.Total value locked in DeFi as of Nov. 2022. Source: DefiLlamaThe elephant
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Several exchanges, including Binance, have announced plans to integrate proof of reserves in the near future. Source
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FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to withdraw their deposits. Its holdings of Serum’s SRM, a token Bankman-Fried developed, dropped from
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