OKX publishes proof-of-reserves report, has assets worth $7.5B
According to the proof-of-reserves report, OKX’s reserves have a total of $7.5 billion in assets. The assets are spread between bitcoin (BTC), USDT, and Ether (ETH). This is the third…
Genesis could file for bankruptcy this week: report
Genesis Global Capital, a crypto lending platform owned by Digital Currency Group (DCG), is said to be considering filing for bankruptcy. According to a Bloomberg report, Genesis is likely to…
Iran and Russia are working on gold-backed stablecoin: report
Iran and Russia are reportedly eyeing a new stablecoin for cross-border trade, including in the Astrakhan special economic zone. The stablecoin will be backed by gold, according to local Russian…
Report: $300m of FTX debtors transferred without authorization
This cryptocurrency is currently held in a single digital wallet at Fireblocks The Bahamas Commission instructed Sam Bankman-Fried to transfer the funds to this wallet FTX debtors (FTX Trading Ltd.…
Binance will not invest in lending platform Genesis: WSJ report
Crypto lending platform Genesis is currently struggling and could be in need of investors to enable it to maintain its operations. Cryptocurrency exchange Binance will not invest in Genesis, according…
Crypto winter could extend to end of 2023 due to the FTX crisis, report shows
According to a recently released monthly outlook by Coinbase, the crypto market could be in for a longer winter than previously anticipated all because of the FTX crisis. Coinbase’s report…
Crypto market continues its recovery despite hacks: DappRadar’s October report
The cryptocurrency market cap rose to $1 trillion in October despite the $1 billion in losses recorded via hacks during the month. DappRadar, the global app store for decentralised applications,…
Bitcoin volatility trended downwards in Q3: report
Bitcoin’s average 30-day volatility in August was 60%, while it stood at 80% in… The post Bitcoin volatility trended downwards in Q3: report appeared first on CoinJournal.
Crypto scams are down while hacks and stolen funds are up: Chainalysis midyear report
Chainalysis’s mid-year report indicates that cryptocurrency scams have decreased while hacks and stolen funds… The post Crypto scams are down while hacks and stolen funds are up: Chainalysis midyear report…