Day: November 13, 2022

All Custodial Crypto Exchanges Should Adopt Proof-of-Reserve Programs, but Even That Isn’t Enough

On top of that, at risk of sounding like a Luddite, I also think consumers are wising up to one of the problems with contemporary business: complexity. Sure, without complicated things we wouldn’t have, say, circuit boards. But there’s a glut of companies, businesses, movements and jobs that can’t be simply explained anymore. That’s a problem for transparency, whatever the protagonists’ intentions. Original Source AdoptCryptoCustodialExchangesIsntProgramsProofofReserve CryptoX Portal

FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags – Altcoins Bitcoin News

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Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda Research, the token is still trading for $1.85 per unit. Moreover, FTT’s deployer contract surprisingly unlocked 192 million FTX tokens on Nov. 12, 2022. While a few crypto exchanges have halted FTT deposits, crypto coin aggregation sites like coingecko.com have flagged the…

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Why You Should Join the Oxford Blockchain Strategy Programme | Esme Learning

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ‘Blockchain technology and open blockchain networks promise to revolutionize how we conduct any kind of transaction. While decentralized public blockchain applications are thriving, permissioned enterprise blockchain projects are moving slowly in their adoption. This programme frames two strategic questions for executives, entrepreneurs, and innovators to help build their blockchain strategy: 1) Is the blockchain right for my organization and its challenges? 2) What are the best ways for our organization to implement? By understanding the fundamentals of blockchain technology, the market landscape…

How to build a Bitcoin Beach: Advice from the pros

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How does one build a Bitcoin (BTC) community? How to start? Where to begin? And what are the best practices?  Cointelegraph spoke to Bitcoin community builders around the world to shed light on a growing phenomenon in the Bitcoin world. From Indonesia to South Africa to El Salvador and the Congo, circular-based Bitcoin economies and community projects have sprung up across the globe. Cointelegraph asked the successful community-focused Bitcoiners how to kickstart a Bitcoin circular economy and what advice they’d lend to enthusiasts looking to replicate the success of projects…

Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives – Exchanges Bitcoin News

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Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. Kraken has been in contact with law enforcement after discovering that an account on its platform was used in connection with unauthorized transfers at FTX. Kraken Freezes Accounts Belonging to FTX, Alameda Research, and Executives Cryptocurrency exchange Kraken has taken steps to freeze verified accounts on its platform belonging to FTX Group, Alameda Research, and their executives. The official Twitter account for Kraken tweeted early Sunday morning: Kraken has spoken…

What is a Helium miner and how does it work?

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Mining helps verify the legitimacy of transactions conducted via a blockchain network such as the Bitcoin blockchain. Miners can start mining cryptocurrencies using hardware like a central processing unit (CPU) or application-specific integrated circuits (ASICs). Alternatively, they can use smartphones powered by Android and iOS systems to mine the cryptocurrencies of their choice. But, how about mining cryptocurrencies via a decentralized wireless network? Strange it may sound, but miners can now mine cryptocurrencies without relying on expensive infrastructure. Helium Network has made it possible by allowing nodes to act as…

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Here’s how bitcoin futures ETFs performed in a dramatic week for crypto

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ETFs closely tied to the price of bitcoin served investors reasonably well as crypto proxies during a volatile week, even as losses for long-term holders continue to build. The ProShares Bitcoin Strategy ETF (BITO) and Short Bitcoin Strategy ETF (BITI) both saw their largest daily trading volumes on record last week. Smaller funds from Valkyrie and VanEck also saw spikes in volume. All four funds saw slightly larger moves than the roughly 21% decline in spot bitcoin over the course of the week. “It is the proof point of getting…

The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review – The Weekly Bitcoin News

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As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the rise and fall of the toppled exchange behemoth. All this and more, just below. FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’ On Nov. 10, 2022, FTX CEO Sam Bankman-Fried…