Author: e_cash_top

[ad_1] Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. According to the Nov. 28 tweets, most exchanges were submitting proof of reserves but failing to prove whether their assets exceeded the liabilities.  The firm which was lucky to withdraw…

[ad_1] Coinbase Wallet announced Nov. 29 that it would stop supporting Ripple’s XRP, Bitcoin Cash (BCH), Ethereum Classic (ETC), and Stellar (XLM) on December 5. According to the exchange, it made this decision because the four blockchain networks have seen low usage. Coinbase said its decision does not mean users’ assets would be lost; instead,…

[ad_1] The biggest news in the cryptoverse for Nov. 29 includes exchanges dismissing rumors of insolvency, NEXO releasing proof of reserves, Andre Cronje revealing how DeFi helped Fantom grow its reserve, U.S. politician Beto O’Rourke returning a $1 million donation to Sam Bankman-Fried, and ETH erasing 80% of deflationary gains post-FTX collapse. CryptoSlate Top Stories…

[ad_1] Amidst increased bearish action on the cryptocurrency market, digital assets are offloading from exchanges and finding their way into cold wallets. However, the case is pretty different for Bitfinex’s stablecoin inflows, which according to onchain data provider Glassnode, Tether (USDT)  holdings on the exchange broke a fresh all-time high on Nov.29 and surpased $11…

[ad_1] Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, reported third-quarter revenue of $205 million and profit of $124 million, respectively, down 66% and 76% from a year ago. During the third quarter of 2022, the company recorded sales of about $204 million, an operating profit of $125.5 million, and a net…