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Tag: collateralized

Binance’s Bitcoin Reserves Are 101% Backed, Confirms Auditor

An independent global auditor has confirmed that all Bitcoin circulating on Binance – the world’s largest crypto exchange – is fully accounted for. The...

Crypto Exchanges Binance and KuCoin Hire Accounting Firm Mazars

KuCoin appoints global accounting firm Mazars.Mazars will enable verification for KuCoin’s proof of reserves and customer liability reports.Binance also hired Mazars to conduct proof-of-reserves...

Audit firm Mazars to verify KuCoin’s proof of reserves

Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its Proof-of-Reserves (PoR). According to an announcement on Dec. 5, the...

Alameda Covered a $1 Billion Loss for FTX in 2021 (Report)

FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021.  This news...

2022 in Review: the Top 10 Crypto Moments of the Year

Key Takeaways The crypto ecosystem shed $2 trillion in market value and lost several major players in 2022, but it didn’t die. Terra, Three Arrows...

Collapsing Crypto Yield Offerings Signal ‘Extreme Duress’

Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.Click Here Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here. Source: https://bitcoinmagazine.com/business/crypto-yield-offerings-have-collapsed

Web3 Weekly: FTX’s ‘Death Spiral’ Continues To Leave A Sea Of Wreckage

This is a weekly feature that will look back at the week that was in crypto, blockchain and Web3, and offer insights and...

What is Liquity?

Liquity is a decentralized application for borrowing crypto money without paying an interest rate on the ETH collateral. You may wonder, doesn’t this defeat...

Cion Digital’s Advisor Lending Platform delivers value to wealth professionals and clients

Cion Digital’s new Advisor Lending Platform connects wealth professionals and firms with lenders in a more efficient process than was previously available. They...

Major CRV Trade on Aave Leaves Money Market With $1.6M in Bad Debt

Trader Had Warned Aave of ‘Trading Strategy’ Last Month The Curve wars have become the Curve games. After warning of a trading strategy which could leave...

One Crypto Firm Poses Bigger Risk to Markets Than FTX, According to Ava Labs President Says

The president of the tech firm behind Avalanche (AVAX) says that the implosion of a major digital asset lender would have more severe consequences...

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

DeFi Lender Unaffected by FTX Yet Takes Steps to Fend Off Potential Contagion MakerDAO, the No. 1 DeFi platform with more than $8B in total...

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