Binance Releases Proof of Reserve System – Kraken CEO Unsatisfied

In the wake of the collapse of FTX, cryptocurrency exchanges are rushing to convince customers that they’re safe and not likely to suddenly collapse — at least not in the next few weeks. Recently large exchanges like Crypto.com and Kraken have released proof of their reserves, and now Binance is following suit.  Last Friday, Binance…

Ex-Army General Blasts Elon Musk Over Tank Remarks: ‘Not Today, Satan’

Twitter CEO Elon Musk prompted a harsh comeback from a former U.S. Army general on Saturday after making an observation about the Ukrainian military.Musk’s initial comment came in response to a tweet from video game designer Richard Garriott, who wondered about the efficacy of tanks in modern combat, since Ukraine is set to receive an…

Scared Oh No GIF by Xbox thumbnail

Scared Oh No GIF by Xbox

Genesis Capital’s fall might transform crypto lending — not bury it

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter…

IRS reminds taxpayers of crypto income reporting ahead of 2022 filing

The IRS’s recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking. 9423 Total views 48 Total shares Own this piece of history Collect this article as an NFTWith the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service…

Cardano Decentralized Exchanges Back Djed Stablecoin Launch

Summary: MinSwap and MuesliSwap will support Cardano’s stablecoin Djed with token listings as well as liquidity pools to attract investors.Crypto exchange Bitrue will also list the coin and its governance token Shen.Developers expect to launch Djed sometime next week across over 40 Cardano-native DeFi protocols. Cardano’s crypto-backed stablecoin Djed will receive backing from two decentralized…

Invest Elon Musk GIF by ProBit Global thumbnail

Invest Elon Musk GIF by ProBit Global

Twitter employees laid off after Elon Musk’s takeover received severance payments today that fall short of expectations

Following further delays this week, some former Twitter employees finally received their official severance agreements on Saturday after months of anticipation, according to multiple sources familiar with the matter. However, the compensation is much less than what many expected, and the emails are landing in spam folders. After Elon Musk assumed control of the social media giant…

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Hungry Food Fight GIF by Chubbiverse

Flashbots Seeks to Raise $50M at $1B Valuation: Report

It appears that the MEV organization wants to change its business model. Key Takeaways Flashbots is seeking to raise between $30 million and $50 million. The MEV company is being valued at $1 billion. Flashbots has recently come under fire for its role in censoring Tornado Cash transactions on Ethereum. Lead MEV organization Flashbots is…