Binance Expands Proof Of Reserves Report With 11 New Tokens
By introducing 11 new digital currencies, Binance has boosted the number of assets supported by its proof-of-reserves (PoR) mechanism. Among the new tokens are Dogecoin, Curve DAO Token, and 1inch. According to the most recent update, the value of all cryptocurrencies in the PoR system exceeded $63 billion, according to the crypto trading site. In […]
Silvergate Seeks Assistance From US Congress Agency
Silvergate Capital is in discussions with the US FDIC to receive advice on how to stay afloat as its financial problems get worse. One of the many victims of Sam Bankman-Fried’s FTX exchange collapse, Silvergate Capital, recently met with FDIC representatives at its California headquarters to discuss methods to overcome its escalating financial difficulties and […]
Missouri Approves Bill To Safeguard Cryptocurrency Mining
The U.S. state of Missouri passed the “Digital Asset Mining Protection Act” on March 7 to protect the rights of crypto miners. The measure prohibits local units and states from stopping crypto mining nodes from working. According to the bill’s summary: “The Digital Asset Mining Protection Act precludes the state and political subdivisions from prohibiting […]
Binance.US To Buy Voyager Digital’s Assets
According to a March 7 Bloomberg story, a New York bankruptcy judge has permitted Voyager Digital to sell its assets to Binance.US. According to Judge Michael Wiles’ decision, the two parties to the proposal may try to finalize the transaction and transfer the pertinent crypto assets. Voyager must now choose whether to proceed with the […]
TSM, Avalanche To Bring Web3 Features To Gamers
Avalanche revealed a collaboration with esports network Team SoloMid (TSM), the network has also partnered with the gaming app Blitz. The parent company of TSM, Blitz, and Swift wants to use Avalanche to transform the gaming business and improve the gaming experience for players. The latter just declared that Avalanche is now their sole blockchain […]