Euler Finance hacked despite 10 audits in 2 years, says CEO
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son. Go to Source Powered by WPeMatico
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‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come
The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so. Go to Source Powered by WPeMatico
USDC transfer volume hit 5X USDT’s in fallout from FTX collapse
Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT. Go to Source Powered by WPeMatico
Be ‘very wary’ of crypto proof-of-reserve audits: SEC official
SEC’s acting chief accountant Paul Munter said that investors shouldn’t place too much confidence in a company holding up a proof-of-reserves audit. Go to Source Powered by WPeMatico
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Top traders’ long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction. Go to Source Powered by WPeMatico
Total crypto market cap takes another hit, but traders remain neutral
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts. Go to Source Powered by WPeMatico
Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group
This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange Crypto.com published proof-of-reserves records and the verification was also conducted by … Read more
Gamefi-Focused Oasys Blockchain Launches Mainnet With Support of Sega, Ubisoft, and Bandai Namco
Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen on November 8th. Oasys Launches … Read more
Tether commercial paper exposure now under $50M, says CTO
Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the USD. Go to Source Powered by WPeMatico
World’s Largest NFT Marketplace Opensea Reveals Drop Improvements, Arbitrum L2 Support
The largest non-fungible token (NFT) marketplace by sales volume, Opensea, has announced a new “immersive and secure minting experience” by giving NFT creators the ability to showcase “collections with dedicated drop pages and greater discoverability” on Opensea’s new homepage. Moreover, the company also announced on Tuesday that the NFT marketplace will soon support the layer … Read more
