Tag: News

Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon – Bitcoin News

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On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while the company’s customer net balance is roughly 575,742 bitcoin. Binance’s Bitcoin Proof-of-Reserves Ratio Is Currently 101% Binance has published the company’s proof-of-reserves system in regard to the bitcoin (BTC) cache the company holds. The POR feature is initially starting with Binance’s bitcoin holdings, but other “networks…

JP Morgan Makes Historical Move with New Crypto Wallet – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin and crypto markets bounced back for a while on wednesday following the continuation of a relief rally in the S&P 500. As investors lose trust in exchanges and trading platforms which are not transparent, 137,000 Bitcoins have been removed from exchanges in the past 30 days. Retail investors are accumulating at a rapid pace, as the Bitcoin supply held by on-chain entities between the size of 0.1-1 BTC is spiking. Whilst the stability of the crypto ecosystem remains in…

XRP Climbs to 3-Week High, DOGE Nearly 10% Higher – Market Updates Bitcoin News

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Xrp rallied to a three-week high on Friday, breaking out of a long-term resistance level in the process. The token rose to its highest level since early November, as prices surged for a fifth straight session. Dogecoin also hit a multi-week high, rising by nearly 10% today. XRP, formerly known as ripple, rose for a fifth straight session on Friday, with the token rallying to a three-week high. Following a low of $0.3792 on Thursday, XRP/USD rose to an intraday high of $0.4169 earlier today. The move saw XRP climb…

Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses – Privacy Bitcoin News

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Crypto users have been complaining about a recent Consensys privacy policy update that says when Infura is leveraged as a remote procedure call (RPC) via Metamask, wallet and IP address data is collected. The news follows a similar decision the decentralized exchange (dex) platform Uniswap recently made concerning data collection. The dex platform’s operator, Uniswap Labs, revealed that the company’s software collects its users’ onchain data to bolster “data-driven decisions that improve user experience.” Consensys Privacy Policy Reveals User Data Collection The digital currency community and the social media demographic…

BTC, ETH Move Lower on Black Friday – Market Updates Bitcoin News

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Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today’s session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with the token hovering below $1,200. Bitcoin Bitcoin (BTC) was mostly unchanged on Friday, as cryptocurrency markets consolidated, following the U.S. Thanksgiving holiday. Following a high of $16,641.32 on Thursday, BTC/USD fell to an intraday low of $16,388.40 earlier in today’s session. Today’s decline saw a three-day winning…

Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown – Finance Bitcoin News

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Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched Cryptocurrency exchange Binance unveiled Thursday some details of its Industry Recovery Initiative (IRI), which the crypto firm described as “a new co-investment opportunity for organizations eager to support the future of web3.” The announcement states: Initially, Binance will commit USD 1 billion to IRI-themed investment opportunities with an intent…

Which Should You Choose? – Blockchain News, Opinion, TV and Jobs

Cryptocurrency loans are on the rise. In fact, Raconteur found they’re fast becoming a genuine alternative to borrowing money from banks. This development isn’t surprising: many worldwide already buy, trade, and sell crypto. After all, crypto is still a currency despite being digital. If you’re new to crypto loans and deciding between this and personal loans, keep reading to find out which is the best option for you. Crypto loans Cryptocurrencies are assets similar to cars, houses, or stocks. As such, they can serve as collateral for loans. A crypto…

Bitcoin․com Joins Chainlink BUILD to Boost Adoption of VERSE Ecosystem dApps – Press release Bitcoin News

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press release Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has joined the Chainlink BUILD program to help accelerate the adoption of VERSE ecosystem dApps and receive increased technical support for Chainlink’s time-tested Web3 services—which include verifiable randomness, decentralized price data, and reliable smart contract automation. What Is VERSE? With over 35 million wallets created and more than 5 million active users, Bitcoin.com has played a leading role since 2015 in onboarding millions of newcomers to Bitcoin, cryptocurrency,…

South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70% – Exchanges Bitcoin News

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The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade is false and has confused investors. Discrepancy Between WEMIX Circulating Supply and Token Distribution Plan An association of South Korean cryptocurrency exchanges, the Digital Asset Exchange Joint Consultative Body (DAXA), announced on Nov. 24 that the gaming platform Wemade’s token — WEMIX — would be delisted.…

Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News

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Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to freeze withdrawals. Customers Retain Access to Funds in the Savings Wallet According to Marius Reitz, general manager of the crypto exchange Luno Africa, his company is operating normally and has not been affected by Genesis Capital’s suspension of “redemptions and…