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Mike McGlone

Mike McGlone: Crypto will rise again in 2023

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Mike McGlone, a Bloomberg commodities strategist, believes that the cryptocurrency market will rise again in 2023. In a new analysis, McGlone notes that the value of the cryptocurrency market declined by $1.3 trillion in 2022, as of early December, which is roughly equivalent to the combined decline in market capitalization of Amazon and Google. According to McGlone, this decline shows that the cryptocurrency market is still in its early...

Cryptocurrencies, Ethereum, People in crypto

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Proof of reserves PoR

What is Proof of Reserves (PoR)?

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Proof of Reserves (PoR) is a method that exchanges use to show that they hold assets like cryptocurrencies and fiat cash. This is important for exchanges because it allows customers to verify that the exchange has the assets it claims to have, which helps to build trust and confidence in the exchange. It is an auditing technique that is provable using cryptographic proofs, checks of public wallet ownership, and recurrent audits to verify...

Exchanges, Featured, Glossary

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Crypto Today: The worst; BTC Decoupling; FTX Impact

Crypto Today: The worst; BTC Decoupling; FTX Impact

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Is the worst nearly over?  In this still-emerging business, volatility has always been a constant. Cryptocurrency is infamous for its steep declines and spectacular recoveries. Long-time Bitcoin supporters can confirm that this is not the first crypto winter. May cryptocurrency prices and stocks recover in 2023? Hany Rashwan, CEO of 21.co, a cryptocurrency investment business, said, “It is very evident that we as an...

Bitcoin, Cryptocurrencies, News

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Sei Network

Airdrop: Sei Network

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SEI Network (SEI) is a decentralized finance (DeFi) protocol that will be distributing 1% of its total token supply to beta testers who use Vortex, a decentralized derivatives exchange, install its wallet, and join its discord. A majority of the network’s tokens will be locked in a smart contract. This means that SEI will have an initial circulating supply of 20 million tokens. SEI Network is gearing up for an increase in token...

Airdrop, DeFi, Exchanges

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BlockFi - bankruptcy - chapter 11

BlockFi’s U.S. bankruptcy filing

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Two weeks ago, BlockFi banned withdrawals owing to “lack of clarification over the fate of FTX.com, FTX US, and Alameda.” As previously mentioned by the BlockFi team, the move would be directly spurred by the demise of FTX, the business that initially offered a $400 million credit line to fund the crypto-lending startup. This is in addition to the exchange formed by Sam Bankman-option Fried’s to acquire for an additional...

Cryptocurrencies, Front page, Main, News

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