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Day: July 6, 2022
Gate.io Announces Second Audit After Being First Exchange To Provide Proof-of-Reserves
July 6, 2022 โย Majuro, Marshall Islands Gate.io has announced it will commence another proof-of-reserves (PoR) audit to provide user verifiable reserves data through a Merkle tree implementation audited by a leading third party firm, after several high-profile bankruptcies in the space. In 2020, as the first cryptocurrency exchange in the world to commit to providing 100% collateral, Gate.io has worked closely with Armanino LLP, a leading US audit firm, to successfully provide users with professional and credible asset verification services in an open-source, transparent and cryptographically-verifiable Merkle tree. The asset…
New York Regulators Have Planted a Seed for Stablecoin Transparency
The NYDFS will broaden the amount of information available in attestation reports by requiring that stablecoin’s assets be reported not only in aggregate, but also by asset class. So a stablecoin issuer would have to list how much commercial paper it owns, its allocation to money-market mutual funds, its deposits, its bonds and its quantity of Treasurys. That is, separately, instead of lumping it all together. Source
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise โ Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Original
UK to Introduce Legislation on Stablecoins by August: BoEโs Cunliffe
Speaking at the Qatar Centre for Global Banking and Financeโs annual conference, Cunliffe said recent events have delayed plans a bit. Heโs likely referring to the last 24 hours, when Treasury chief Rishi Sunak and senior Treasury official Jon Glen resigned from their roles in Prime Minister Boris Johnsonโs government. Both Sunak and Glen had presented themselves as fans of crypto, announcing months ago their hope the U.K. would become a hub for digital assets. Source
DeFi protocol Porter Finance shuts down bond issuance platform after just one month
Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said: “Looking forward, we are not confident there will be large inflows of lending demand for fixed income DeFi products like the ones offered through Porter Finance. This is primarily due to the competitiveness of rates offered in traditional finance and the lack of institutional fixed income DeFi adoption over the past year. We are also no longer willing…
Binance Extends Zero-Fee Bitcoin Trading Globally
Binance is to eliminate fees on bitcoin (BTC) trading from July 8 as it seeks to step up competition with its fellow cryptocurrency exchanges. Source
MORE BAD NEWS FOR BITCOIN TODAY!!!! [red alert] BITCOIN PRICE PREDICTION 2022 // BITCOIN NEWS TODAY
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Bitcoin News Today – MORE BAD NEWS FOR BITCOIN TODAY!!!! [red alert] BITCOIN PRICE PREDICTION 2022 // BITCOIN NEWS TODAY // Cryptocurrency News Today // Crypto News Today ๐ฅ Bitget: $4’163 FREE BONUS ๐ฅ Bybit: $600 FREE BONUS ๐ฅ Phemex: $100 FREE BONUS โถ CRYPTO TECHNICAL ANALYSIS PLATFORM TradingLite: VOLUME ANALYSIS TradingView: TECHNICAL ANALYSIS โถ SOCIAL MEDIA Twitter: Crypto Discord Server: โถ TIMESTAMPS 0:00 Bitcoin Price Prediction โถ DONATIONS Bitcoin (BTC): 15ViBpKAhNCPzY9UXc6KoTEabUqTEXo1Hr Ethereum (ETH): 0x2aA9a238511d267662A951E87C36eAd3a0275006 Bitcoin Cash (BCH): qztzh024tfg7fdk4s04hr2ggdw7v9m9kdqmavmarjj โถ TOPICS Bitcoin…
Binance Launches Zero-Fee Bitcoin Trading for 13 Spot pairs as it Celebrates its 5th Anniversary.
Summary: Binance has announced the launch of zero-fee Bitcoin for 13 spot trading pairs beginning July 8th until further notice. The discounted trading is part of the exchangeโs fifth-anniversary celebrations. The 13 Bitcoin pairs are mostly against fiat and stablecoins on the exchange. Binance US also announced zero-fee Bitcoin trading last month. The team at Binance has announced the launch of zero-free Bitcoin trading for 13 spot pairs. The offer begins on July 8th until further notice. Zero-Free Bitcoin Trading On Stablecoin and Fiat Pairs. According to the official announcement,…
Is MakerDAO Becoming โa Company Run by Politicsโ?
Nearly one-third of all MKR in circulation (around 294,000, or approximately $300 million) participated in the ratification of LOVE. The top three “yes” votes were said to be VC whales, or large holders, a16z, Paradigm and ParaFi, according to one DeFi researcher. On the side of “no,” which eventually won with around 60%, founder Christensen holds around 79,000 MKR. Source