▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Learn key concepts of Decentralized Finance (DeFi), including the basics of blockchain technology, cryptocurrency, smart … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
The LUXON team has provided a comprehensive analysis of Web3 while also offering an in-depth look at the limitations associated with Web2 in different contexts such as P2E (Play-to-Earn), utility, accessibility, and more. The LUXON project was initiated by key members who have extensive relevant experience in their respective fields of business, development, and management. What Can LUXON Do? Aside from the initial first mover advantage, LUXON hopes to provide value by assigning and performing roles while categorizing each role in order to create a long-lasting independent gaming ecosystem which…
Bitcoin (BTC) fell below $17,000 on Dec. 16 as traders warned of overreaction to “FUD” involving exchange Binance and others. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance “FUD” fuels bearish BTC moves Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it put in multi-day lows of $16,928 on Bitstamp. The pair retraced its entire run to one-month highs courtesy of the latest macroeconomic data and policy update from the United States. Amid ongoing concerns over the solvency of largest global exchange Binance, market sentiment showed what traders…
There are lots of reasons to believe in the future of a decentralized internet. The promise of taking back control of your data holds a lot of allure for people all over the world. Just as technology companies need to keep evolving or die, the same holds true for many of the industry’s employees. While the world’s biggest technology giants have grown accustomed to raking in billions of dollars in advertising dollars and subscription fees, that business is no longer the exciting growth opportunity that it once was. These days,…
Crypto exchange Binance has seen its proof-of-reserve audits removed from auditor Mazars’ website. Mazars’ official website shows they fully discontinued Mazars Veritas, a section dedicated to cryptocurrency exchange audits. The tool was developed by Mazars in order to bring “trust and transparency to the digital asset sector,” using the Silver Sixpence Merkle Tree Generating tool to complement proof-of-reserve reports. On Dec. 16, Bloomberg also reported that Mazars stopped doing proof-of-reserve audits for cryptocurrency companies. Other auditing firms such as FTX’s auditor Armanino have also reportedly stopped working with crypto exchanges like OKX…
Inside sources at QCP Capital reported a sizable stake stuck with FTX as the ill effects of the exchange’s collapse prevail. Crypto trading platform QCP Capital reportedly has at least $97 million trapped with collapsed crypto exchange FTX. Inside sources also claim that QCP has been trying to sell its claim to distressed asset buyers. This move is part of an attempt by the Singapore-based company to redeem some funds. QCP to Continue Operations Unperturbed QCP Capital first intimated its FTX exposure on Twitter last month but did not disclose the amount. The company also…
Bear markets are for building Bitcoin (BTC) companies. At least, that’s what the Legends of Lightning, a nine-week contest for competing Bitcoin businesses, would indicate. The tournament-come-hackathon ran more than 65 events worldwide as 73 projects battled it out to win 3 BTC ($50,000). The competition crowned Bitcoin startups Lightsats and AgriMint as winners of two separate competition tracks, Global Adoption and Building for Africa. Organized by Bitcoin startup Bolt Fun, the competition brought together 260 makers (builders, developers, startuppers and hackers) worldwide. Speaking to Cointelegraph via Google Meet, Johns…
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles. Hong Kong Debuts Bitcoin and Ether Futures ETFs Amid Crypto Winter Two ETFs tracking crypto futures raised a total of $73.6 million ahead of their debut on the stock exchange in Hong Kong on Friday, with the larger one raising $53.9 million, according to Reuters. The news agency noted…
Over the last year the crypto, and greater Web3 industry has seen a rollercoaster of loss, growth and innovation — and the data shows. In the latest industry report from cryptocurrency exchange Huobi, “Global Crypto Industry Overview and Trends,” trends and stats were pulled from the industry on everything from nonfungible tokens (NFTs) and the metaverse to centralized exchange (CEX) usage and regulations. Despite the turmoil of major events like the FTX collapse, Terra’s implosion and 3AC bankruptcy, the industry still accounted for approximately 320 million crypto users worldwide in the…
Bitcoin has never seen a death cross on its weekly chart before and the ominous-sounding indicator has a bad reputation of trapping sellers on the wrong side in traditional markets. Source