U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” the lawmaker …
Monthly archives: November 2022
Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’
On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.” Jesse Powell Stresses …
Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each tokenized gold bar “will be backed by a Tradeflow warrant.” DMCC to Digitize Tradeflow-Registered Gold Bars via …
MEXC Global Vice President Andrew Weiner Explains the Appeal of Futures Trading
A 6-year veteran of the crypto industry, Andrew Weiner serves as the Vice President of MEXC Global. As the former executive of RegTech and digital identity pioneer iComplyKYC, he worked with notable brands that include Thomson Reuters, ComplyAdvantage, IBM, Mastercard, Deloitte, and KPMG to deliver innovative solutions to Virtual Asset Service Providers in over 170+ …
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Tamadoge Price Prediction for the 23rd of November: TAMA Bulls Break the Indecision
As Tamadoge Bulls succumb to the bearish resistance at the $0.0215 price level, they lose their grip on the market, and the price dropped to […] Go to Source
Litecoin Price Prediction for Today, November 23: LTC/USD Conquers The $70 Resistance Level
The Litecoin market had previously faced rejection at the $70 resistance price level in early November. The price rejection resulted in a brief bearish move. […] Go to Source
Dash Price Prediction for Today, November 23: DASH/USD Reaching For the $45 Resistance Level
The $45 price level was the point at which the market previously had a steep fall on November 8. As the price was rejected at […] Go to Source
Why Crypto Prices Have Pumped Above 2% In 24 Hours
While there has been a constant sense of fear among a majority of investors, it can be said without a doubt that the blockchain industry […] Go to Source
US Senators Urge Financial Giant Fidelity To Think Twice About Offering Bitcoin (BTC) 401(k) Plans
US senators are for the second time calling on financial giant Fidelity to reconsider offering Bitcoin (BTC) as an investment in 401(k) retirement accounts. In a letter to Fidelity CEO Abigail Johnson, US Senators Richard Durbin, Elizabeth Warren and Tina Smith say the recent FTX crypto exchange collapse underscores their position that Bitcoin is too …
Top Solana (SOL) NFT Marketplace Announces Extension to Ethereum (ETH) Layer-2 Solution Polygon (MATIC)
The largest marketplace for non-fungible tokens (NFTs) on the Solana (SOL) blockchain says it is integrating with blockchain scaling solution Polygon (MATIC). Magic Eden says it is adding Polygon as its third supported chain after Solana and Ethereum (ETH) in a bid to become a multi-chain platform and bring more global brands and users into …
Here’s What Kraken Founder Jesse Powell Says He Never Could’ve Predicted About Crypto
Kraken founder and former chief executive Jesse Powell says there’s one thing he could have never predicted about crypto assets. In a new interview on The Breakdown crypto podcast, Powell says he never would have surmised that non-fungible tokens (NFTs) would bring about the mass adoption of digital assets. “More people are coming into crypto …
Gemini Says Crypto Exchange Working To Find Solution for Users To Redeem Funds From Struggling Earn Product
The crypto exchange Gemini says it’s working to “find a solution” so its customers can redeem funds from its interest-earning program, Gemini Earn. The program was impacted last week when its leading partner, blue-chip crypto lender Genesis, halted customer withdrawals due to liquidity issues stemming from the collapse of 3AC and FTX. Says Gemini this …
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
Crypto exchange OKX has released a Proof of Reserves page that allows users to audit its reserves to make sure it is solvent. This comes at a time when crypto exchanges are coming under greater scrutiny after the collapse of FTX. OKX announced the new page in a tweet, as well as on its blog. Don’t …
Aave proposes governance changes after failed $60M short attack
On Nov. 23, one day after Mango Markets exploiter Avraham Eisenberg attempted to use a series of sophisticated short sales to exploit decentralized finance protocol Aave, project contributors have put forth a series of proposals to deal with the aftermath. As told by protocol engineering developer Llama and financial modeling platform Gauntlet both of whom …
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Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22
In this week’s newsletter, read about how a nonfungible token (NFT) protocol was affected by the FTX collapse leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the recovery of NFTs. Meanwhile, Disney brought back metaverse-backer Bob Iger as its CEO, and check out …
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