Binance Releases Proof of Reserves Showing 101% Backing for $9.5B in Bitcoin Deposits
Binance, the world’s largest Centralized Exchange (CEX), has published its Proof of Reserves showing that customers’ bitcoin balances are backed on-chain at a more than one-to-one ratio.
Dogecoin (DOGE) Rally Accelerates as 3-Day Return Reaches 20%
As we have mentioned in our recent market review, Dogecoin is gradually gaining momentum on the market, with the 3-day return of the current rally reaching 20%, which creates the foundation for a solid run to highs we saw back in the beginning of November.
VC Firm Partner: “’Crypto’ Industry Will Be Purged by a Successful Bitcoin Industry”
On Sunday (27 November 2022), Marty Bent, who is the Founder of media company TFTC as well as a partner in Bitcoin-focused venture capital firm Ten31, said that “the ‘crypto’ industry will be purged by a successful bitcoin industry.”
Crypto Investors Are Cashing Out: Over $3.5 Billion Stablecoins Redeemed
Crypto investors have redeemed over $3 billion worth of stablecoins in the last two weeks.
Man Who Bought Bitcoin At $1 Believes BTC Price Is Ultimately Headed For $100,000
Davinci Jeremie, an early crypto adopter and host of the davincij15 YouTube channel, predicts that Bitcoin’s price will grow by ten times in the next bull run but warns it could plunge further before then.
Putin Calls for International Settlements Based on Blockchain and Digital Currencies
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.”
Binance Founder CZ Says Crypto Adoption Will Happen ‘Regardless’ of Government Decision on Regulation
Binance CEO Changpeng Zhao has said countries better regulate crypto rather than fight it, claiming that crypto adoption will happen no matter what.
ApeCoin Soars 16%, Dogecoin Taps 3-Week High (Weekend Watch)
Bitcoin keeps trading without any substantial movements, similar to the previous weekend, and seems stuck around $16,500.
Matt Hamilton on ‘Source of Most of the Disinformation Spread About XRP’
On Sunday (27 November 2022), Matt Hamilton, a former Principal Developer Advocate at FinTech firm Ripple, explained the origin of “most of the disinformation spread about XRP.”
Whole DeFi Industry Dominated by Just Two Applications
DeFi, or decentralized finance, is a blockchain-based alternative to traditional financial solutions, including banking, exchange, funding and so on. However, the state DeFi is in right now raises a lot of questions about the future of the industry.
