The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sharing wallet addresses to prove the existence of users’ funds, several entrepreneurs, including Kraken CEO and co-founder Jesse Powell, called the practice “pointless” as exchanges fail to include liabilities. According to Powell, a complete […]

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 […]

Ripple (XRP) is falling, but has since corrected to a new high of $0.40. Buyers are trying to keep the price above the recent high. The $0.40 resistance level has been held since November 9 without being breached. The altcoin will resume its uptrend if the price breaks the barrier at $0.40. The uptrend will continue until the high at […]

Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement on the Binance website, the exchange outlined how users can use the mechanism to verify its holdings. Currently, the only token available to verify through the Merkle Tree-based system is Bitcoin (BTC), though […]

The Tel Aviv Stock Exchange (TASE) in Israel is looking to unveil a new digital currency trading platform within the next few years. The exchange will come to fruition between 2023 and 2027 and will provide customers with new blockchain-based trading services so they can get involved in the crypto scene. The TASE Is Making Way for Crypto In a […]

Binance has committed $2 billion to the firm’s crypto rescue fund as it aims to help rebuild the industry. Binance founder and CEO Changpeng Zhao said the so-called Industry Recovery Initiative (IRI) would possibly buy up some of the ailing crypto projects acquired by the now-defunct exchange FTX. Binance’s Recovery Initiative Already Has 150 Applicants Binance wants to revive the […]

Smaller wallet addresses in the Bitcoin (BTC) ecosystem continue accumulating BTC despite market turmoil. The number of known addresses on the Bitcoin blockchain that hold 1 BTC or more has hit a new all-time high. According to blockchain analytics company Glassnode, the number of wallets holding at least 1 BTC or more reached 950,000. Bitcoin podcast host Jake Woodhouse told […]

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 […]

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin remains above $20,000, 66% of Bitcoin supply has not moved in a year, which is the largest percentage of supply last active over 1 year ago. This shows that BTC holders remain convinced in Bitcoin’s longevity. More institutions enter the DeFi space, as JP Morgan, DBS Bank, SBI, […]