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…

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…

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…

Bitcoin Dominates Brand Awareness as Voted by Aussies

Bitcoin (BTC) is far and away the most well known cryptocurrency, with over 90 percent of Australians having heard of the OG crypto, according to a 2022 survey by Australian cryptocurrency exchange Independent Reserve. The Independent Reserve Cryptocurrency Index (IRCI) is an annual cross-sectional survey of the attitudes of 2,000 Australians towards cryptocurrency and is…

Bitcoin Price Forecasts For 2023 Are In and Here’s What The Bulls and Bears Think

The bitcoin price has remained flat in the past 24 hours, sticking to its $16,796 from yesterday while the wider market teeters downwards slightly. Its current price marks a 1% increase in a week, although the world’s first cryptocurrency is down by 1.5% in a month and by 75% compared to its all-time high of…

Community Driven BudBlockz offers a better utility than Dogecoin

Cryptocurrencies serve different purposes in the crypto market, one of which is being used for utilities. Many coins do not have this feature, which sets them behind their peers. Although BudBlockz (BLUNT) is new, this crypto has proven far more productive than many other existing coins. Even during the crypto winter, meme coins like Dogecoin…

Wait for a bullish confirmation as Dogecoin retests the $0.09 support

Dogecoin lost 4.58% on Wednesday in a market correction The cryptocurrency still holds a bullish bias DOGE is a buy on bullish signals at the support zone of $0.09 An intraday loss of 4.58% may not be good news for investors holding Dogecoin (DOGE/USD). However, it rings well in the ears of investors looking to…

Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB

This week, we take a closer look at Ethereum, Ripple, Cardano, Aptos, and Binance Coin. Ethereum (ETH) Ethereum’s rally cooled off this week after its price failed to stay above $1,600, booking only a 2% increase. The current trend is leaning bearish on lower timeframes, and a test of the key support at $1,550 appears…

Crypto Lender Genesis Files for Bankruptcy

The crypto lending company finally filed for Chapter 11 bankruptcy protection after months of uncertainty over its solvency. Key Takeaways Genesis has filed for bankruptcy. The crypto lender owes over $3.5 billion to its top 50 creditors. Gemini co-founder Cameron Winklevoss is threatening to sue DCG CEO Barry Silbert. Digital Currency Group subsidiary Genesis Global…

Dash 2 Trade Crypto Raises More Than $14m as Investors Buy Before Presale Ends, Exchange Listings January 11th

Crypto signals, bot and analytics platform Dash 2 Trade has raised $14 million days before its first exchange listings on 11th January 2023. Trading in the D2T token will go live on Gate.io, LBank, BitMart and Uniswap at 10am UTC.  Earlier this week Dash 2 Trade announced that it had secured a listing on Gate.io…