Proof of funds technology seeks to replace exchanges’ reserves reports

July 16, 2024
The Last Cryptocurency
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Cointelegraph Feed

Data lake provider TRES is introducing a new mechanism to track exchange and custodian reserves, joining Chainlink and other solutions catering to institutional demand.

The Shift Bitcoin (BTC) debit card, which allows United States cryptocurrency exchange Coinbase users to spend BTC using a Visa debit card, is reportedly shutting down its operations. The development was posted to Reddit on Feb. 18, with the upload of an email purportedly from the Shift team.Shift, which launched in November 2015, was one…

Ripple CTO warns against XRP scams amid SEC-induced hype

The XRP price rallied over 70% — bringing up its value from $0.47 to $0.82 in a day. The incident also marks the biggest price jump for XRP in the past year. 454 Total views 2 Total shares A court ruling in favor of Ripple Labs — stating that XRP (XRP) is not a security…

Bitcoin rally to continue until end of 2025 — Analyst

Bitcoin’s historic $100,000 milestone comes despite sluggish momentum in oil, gold and the S&P 500 index.

China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card

The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants. 3628 Total views 32 Total shares Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a cryptocurrency-supporting digital card.Danal’s crypto wallet Paycoin and…

Ex-Alameda exec Trabucco gives up yacht, apartments in FTX settlement

Sam Trabucco left Alameda Research months before the FTX collapse and kept his head down — probably on his yacht Soak My Deck. FTX, FTX Digital Markets and former Alameda Research co-CEO Sam Trabucco have reached a settlement agreement in the United States Bankruptcy Court for the District of Delaware. Trabucco has maintained a low

President Biden signs executive order to promote AI infrastructure

With less than a week until he leaves office, the US President could have signed one of the last executive orders of the more than 150 implemented during his term.

UK Parliament Member Suggests Making Bitcoin a Payment Option for Local Taxation System

A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported by local news outlet Express.co.uk on Dec. 10.The article notes that Eddie Hughes, a member of the U.K. Parliament for the Walsall North…

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Runes protocol sees significant decline in activity

Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline.

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