Binance’s Proof-of-Reserve Report Shows Almost All Customer Funds Backed by Exchange Assets, Despite Criticism
A Proof-of-Reserve (PoR) report was recently carried out by Binance, one of the most significant cryptocurrency exchanges. The report’s purpose was to provide customers with additional transparency and reassure them that their funds were secure.
LUXON Provides In-Depth Look At Benefits Of Web3 Gaming And Ecosystem
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.
Mazars stops “proof of reserves” work, and Binance outflows hit $6bn
As Binance fights to avoid a crisis of confidence, outflows from the exchange sped up to $6 billion in the first half of this week, and accounting firm Mazars has halted work on crucial “proof of reserves” reporting.
Governors and Heads of Supervision endorse global bank prudential standard for cryptoassets and work programme of Basel Committee
The Basel Committee's oversight body endorses a global prudential standard for banks' exposures to cryptoassets, for implementation by 1 January 2025.
On chain derivatives
Since the FTX collapse the use case for on chain derivatives is ever needed.
$2 Million Solana Protocol Raydium Hack
After Serum, another Solana-based DEX has had its administrator key compromised.
The Trump NFT Collection is a hit, causing a price increase
OpenSea's data shows that the minimum price for this collection is about 0.19 ETH, or $230, which is more than twice the original mint price.
Financial Strength Tested: Can Binance Survive the Return of $2.1 Billion?
According to CZ's recent TV interview, yes, Binance is financially stable, even though he dodged answering the question directly.
16 Dec 2022
Axie DoLL: A Community-Built Game on App.axie
Axie DoLL is the first Builder's Program Game On App.axie; You have been summoned to defend Lunacia from a dangerous new wave of enemies. Will you answer the call?
16 Dec 2022
Sam Bankman-Fried Reapplies for Bail After Denial
Sam Bankman-Fried, the founder of FTX, continued to seek bail just two days after his initial request was denied.
16 Dec 2022
Soteria fights for fair festival prices
When Levi Bouman wanted to go to the Cercle festival with his friends, something struck him. After a pre-registration and a second round of sales, the festival was sold out within one minute. Immediately after the sale, the tickets were placed on other sites. Not for 65 euros, but for 1200. "That can't be the intention, can it?"
16 Dec 2022
Ryder, the Social Wallet for the Modern Crypto User
Crypto still faces various obstacles before the industry is ready for the masses. The next wave of adoption will require a wallet that can support web3 and provides the convenience and ease we are used to with our MacBooks and smartphones.
