In the long run, the industry needs to come together and step up its cybersecurity game in a big way rather than seek out such temporary fixes.
Decentral Block Post
Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence.
According to the company, this will bolster its position as a global leader in crypto capital markets.
The proposed change would prevent certain coins that have fallen in value recently from being used as collateral.
The development comes less than 24 hours after the platform issued an advisory urging its users to close down trading positions
Cointelegraph is a member of the network of organizations committed to using blockchain technology for climate action.
The emerging longevity sector is attracting many crypto natives, who can both benefit from it and contribute to it with blockchain tools.
Sandeep Nailwal, the co-founder of Polygon, encouraged Solana community members to keep on building.
A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH.
Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH.
The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.”
The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece.
Ark Investments topped up its Coinbase stock shortly after FTX's liquidity issues were revealed, which came after Coinbase stated that it had “minimal exposure” to the troubled trading platform.
The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced.
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him.
The protocol announced an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position.