Proof of Reserves: A Trust Standard For Centralized Exchanges
Proof-of-Reserves systems combine the transparency of blockchains with the convenience of using central exchanges. The Key Takeaways: The recent liquidity crisis at FTX highlighted the need to mature the industry and find solutions to improve transparency. Many exchanges have…
Markets Jump after Fed Chair Says It Makes Sense to Moderate Rate Hikes’ Pace, Hints at Easing in December
After Jerome Powell, the Federal Reserve chairman, spoke at the Brookings Institution, Washington, on Wednesday, cryptocurrencies, precious metals and Equities shined. The crypto economy grew by 3.11% to $860billion, while the top four stock indices rose between 2% and…
Data shows that there are no profits left for Bitcoin miners who can’t get cheap electricity or run efficient mining rigs.
The cost of bitcoin production has been much higher than the spot market value of the crypto asset. This has put enormous pressure on miners. Statistics show that miners who pay for electricity will be paying $0.12 per kilowatt-hour…
Huobi And Poloniex Establish A Strategic Partnership
Huobi and Poloniex are two exchanges owned by Justin Sun. They announced that they would become strategic partners. Huobi, a cryptocurrency exchange, announced that it had formed a strategic partnership agreement with Poloniex on November 30. This confirms previous…
According to ECB experts, Bitcoin’s price stability is the last stand before capitulation
According to two experts from the European Central Bank (ECB), Bitcoin is not only solid at the moment, but it is also on the verge for becoming obsolete. An ECB blog post states that Bitcoin is rarely used in…
Powell Speech Today: Crypto Price Up, Smaller Interest Rate Hikes in December
Today’s Speech by Jerome Powell, Fed Chair: Jerome Powell, Fed Chair, said that smaller interest rate increases could begin in December. At a Brookings event, Jerome Powell, the chairman of the U.S. Federal Reserve, spoke about the economic outlook,…
ECB Blog Post: Officials Claimed That BTC Is On Its Way to ‘Irrelevance’
Wednesday, November 30, 2022: A blog post by the European Central Bank (ECB), discusses bitcoin. The authors Ulrich Bindseil, Jurgen Schaaf, seem to believe that bitcoin’s price has stabilized and consolidated, but that central bank officials have remarked that…
Breaking: EU warns Musk of Twitter ban over content moderation
The EU threatened to shut down Elon Musk’s Twitter account if he doesn’t follow its strict guidelines for content moderation. This has sparked a legal battle over the survival and future of the social network. Strict Rules Imposed According…