Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held…
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to…
In the dynamic world of cryptocurrencies, MoonBag and Golem have emerged as noteworthy contenders. Each brings unique offerings to the table, captivating different segments of the crypto community. However, MoonBag’s innovative features and potential for wealth creation are truly setting it apart. This article delves into the specifics of both cryptocurrencies, highlighting why MoonBag might…
Momint, a Web3 startup, is poised for global expansion after securing a $50,000 grant from the Dfinity Foundation. This Swiss non-profit organization, known for its blockchain R&D, awarded the grant through the Internet Computer Protocol (ICP) Hub of Southern Africa. Momint plans to integrate ICP blockchain technology into its operations, enhancing its global reach and…
As the crypto market grapples with ups and downs, BlockDAG, a layer 1 crypto in presale is making waves with its cutting-edge Directed Acyclic Graph (DAG) structure and Proof-of-Work (PoW) consensus mechanism, ensuring fast transaction speeds and remarkable scalability. This supports a growing user base while maintaining high security and decentralization. BlockDAG’s architecture handles large…
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company shareholders to “benefit from future BTC appreciation.”…
In response to the devastating $230 million security breach, WazirX revealed that it has filed a formal police complaint and is exploring additional legal avenues to hold those responsible accountable. Immediate actions include reporting the incident to the Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In). WazirX’s Comprehensive Action Plan In…
From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a journey. The most recent “earthquake” was the 2024 bitcoin halving, which has forced companies to adapt to a new mining landscape. This article aims to examine the present bitcoin market,…
TL: DR Clandeno (CLD) presale sees a surge in activity, attracting significant investor interest. Bitcoin (BTC) climbs to $63K, demonstrating strong market performance. Solana (SOL) faces challenges, highlighting market volatility. The cryptocurrency market is witnessing a surge in activity as the Clandeno (CLD) presale gains momentum and Bitcoin (BTC) reaches $63,000. Meanwhile, Solana (SOL) is…
Fantom Foundation and Sonic Labs have announced a strategic partnership with Alchemy, a Web3 infrastructure provider. This collaboration aims to enhance the performance and scalability of both Opera and Sonic. Alchemy will contribute RPC support and key development tools to developers on Opera, and similar support will be extended to Sonic upon its launch later…