Kraken Says Proof-of-Reserves Audit Shows $19B in Bitcoin and Ether

Kraken on Thursday announced the results of a proof-of-reserves audit showing the crypto exchange held $19 billion in bitcoin and ether. Other crypto assets were not included in the audit. Armanino completed the independent audit on Dec. 31, 2021, a Kraken representative told CoinDesk. A culmination of “years” of work, said Chief Product Officer Jeremy Welch, it required reconstructing a merkle tree to prove every coin was proper. The audit’s release comes as crypto firms race to burnish their credibility amid mounting scrutiny from regulators and traders. Kraken itself has…

Bitcoin, Ether and NFTs will ‘never become legal tender’ in India, says Finance Secretary

T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative that cryptocurrencies will be widely accepted in the country — by dismissing the possibility of using them as legal tender. According to a Wednesday tweet from Asian News International, Somanathan said that a digital rupee backed by the Reserve Bank of India, or RBI, will be accepted as legal tender, but major cryptocurrencies have no chance of doing so. The finance secretary added that because digital assets including Bitcoin (BTC) and Ether (ETH) do…

Address Linked to Wonderland's Sifu Cashes Out $2.8M Worth of Ether

The pseudonymous treasurer of Wonderland and co-founder of crypto exchange QuadrigaCX, known as Sifu, started laundering his funds through coin mixer Tornado Cash, according to on-chain data. The address sifu.eth had sent about 1,000 ether ($2.77 million) to Tornado Cash since around 7 a.m. UTC on Tuesday. The address has been linked to the Wonderland treasurer, an alleged serial scammer whose record includes a conviction and deportation. “It is impossible to determine with certainty whether the scammer is in control of the address, but given the particular case, it is…

What is Ethereum in Hindi | Cryptocurrency for beginners in Hindi | Ethereum for beginners in hindi

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ►Get FREE trading account in Cryptos, check out Vauld: Code : icAceink What is Ethereum in Hindi | Cryptocurrency for beginners in Hindi | Ethereum for beginners in hindi ———————– What is Bitcoin : ———————– Telegram channel 👉🏼 or search @AceinkOfficial on Telegram Instagram : ———————– Contact:- (business queries only) aceinkbusiness@gmail.com ———————– DISCLAIMER Dear Subscriber and viewers, Please Note that various I promote various products which I find good enough or fit enough or useful for my subscribers. But please take precautions…

UNBELIEVABLE NEWS PUMPS BITCOIN TO NEW HIGH!!!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today I want to talk about Bitcoin’s pump to $68000 and Ethereum’s pump to $4800. What prompted this? Will BTC & ETH head higher? 🚨I Am George NFTs: ➡️Buy Bitcoin & Crypto with IRA/401k ($100 Bonus) ✅Buy and Trade 300+ Crypto on Kucoin: 💰Earn 9.5% APY + $250 Bonus w/ Deposits 💳Blockfi Bitcoin Reward Credit Card: ✅Buy Bitcoin & Earn on Binance (US) ✅Buy Bitcoin & Earn on Voyager App (Free $25) BTC Referral Code: GEOD68 ✅Buy Bitcoin & Crypto on Gemini:…

2 Million Mining Rig Build 4 GPU $11000 ETH BTC RTX LHR Crypto Miner Earn E-money Sinhala Sri Lanka

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Total Cryptocurrency Market Capitalization Risk Metric | How I Navigate Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Using risk metrics like the one for the total cryptocurrency asset class and for Bitcoin are the primary ways that I navigate the cryptocurrency market. While we can discuss cycle theory for years, at the end of the day I just stick to the risk levels. It was the risk levels that told me the crypto asset class was too far extended earlier this year, and I will continue to use it in the future as well. This video at least provides…

Bitcoin On-Chain Analysis: HODL Waves

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Reading from the bottom of the chart up, the red colored bands show the percent of supply that has been active relatively recently, ranging from less than a day to 90-180 days. The “1-7 Days” band is the percent of total supply that’s been held for at least 1 day but less than 7 days, “7-30 Days” is the percent of supply that’s been held for at least 7 days but less than 30 days, and so on. Conversely, reading from the…

Bitcoin, Ether Traders Lose $200M to Liquidations in Choppy Market

“Digital assets, including bitcoin, tend to become more correlated with stocks during stress periods when most of the investment markets go risk-off,” said Mikkel Morch, director at crypto hedge fund ARK36, in a note to CoinDesk. “Unsurprisingly, then, the crypto markets moved almost in tandem with the stock market following Fed’s Chair Jerome Powell’s press conference in the aftermath of this month’s FOMC meeting.” The Federal Open Market Committee (FOMC) meets eight times a year to discuss monetary policy changes and review economic and financial conditions. Original