Declaring proof of reserves is important, but it’s not enough
‘Proof of reserve’ is the new catchphrase and promise by crypto leaders eager to allay investor fears. But loopholes remain and audits might not mean what you think, writes Anndy Lian.
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Bitcoin, all top 10 cryptos fall; Asian equity markets drop on rising Covid fears
Bitcoin fell in Tuesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies. Polygon was the biggest loser followed by Solana.
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South Korea indicts Terra co-founder Daniel Shin; Shin rejects accusations
South Korean prosecutors on Tuesday indicted Terraform Labs co-founder Daniel Shin for alleged fraudulent transactions related to the collapse of the Terra-Luna crypto project.
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CoinShares says weekly investment in Ethereum-linked products rebounds after hard fork
Ethereum-linked digital asset investment products saw inflows of around US$17 million in the week ending April 21, up from US$300,000 in the previous week, appearing to show investor confidence following the blockchain’s milestone upgrade, Coinshares report shows.
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Until Web3 offers a better user experience, the masses will stay away
People won’t want to bother with a new technology if it’s painful to use, even if they’re aware of the potential benefits, writes Toby Rush of Redeem.
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Russia is 2nd biggest Bitcoin miner after U.S.: report
Russia is now the second largest Bitcoin miner after the U.S., according to a report by Russian media Kommersant.
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Bitcoin extends drop, stays below US$28,000; Solana, Polygon leads losers in top 10 cryptos
Bitcoin extended losses in Monday afternoon trade in Asia, along with all top 10 non-stablecoin cryptocurrencies by market capitalization, with Solana and Polygon as the biggest losers.
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Crypto leaders need to collaborate with regulators more — for the industry’s own good
A clear and balanced legal framework will encourage more crypto investment, while the industry can promote best practices, writes Mahin Gupta of Liminal.
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Terraform Labs Kwon to get Montenegro court hearing May 11 on passport forgery charges
Kwon Do-hyeong will have a court hearing on May 11 in Montenegro on charges of allegedly attempting to travel using a false passport.
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Bitcoin, Ether gain, but hold losses for the week; U.S. equity futures lose ground
Bitcoin rose on Monday morning in Asia but was boxed in below US$28,000. Ether and most other top 10 tokens gained, but not by enough to erase losses for the past week.