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Tag: Exchanges

An exchange is a platform that allows you to trade digital assets.

Coinbase

Before Ethereum merges, Coinbase develops its staking strategy

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The largest cryptocurrency exchange in the US, Coinbase, has announced that it will be focusing more of its attention on staking. Staking means keeping a cryptocurrency, like bitcoin or ether, so you can verify transactions on the network and earn interest.  Because of the ongoing “crypto winter” and fewer retail and institutional investors trading digital assets, Coinbase’s trade volume dropped from $462 billion in the same...

Coinbase, Cryptocurrencies, Ethereum, Exchanges, Front page, Main, News, Staking

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4 billion stablecoins outflow from CEXs

4 billion stablecoins outflow from CEXs

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Stablecoins have been leaving exchanges in large numbers over the past month. Since November 4, stablecoin balances have dropped by a net of $4.67 billion. This represents an 11.4% decrease in exchange stablecoin balances. During the same time period, net Ether outflows from exchanges added up to $5.125 billion, which is 13.1% of the total Ether held on centralized exchanges (CEXs). In total, $9.8 billion in stablecoins and Ether have been...

Binance, Cryptocurrencies, Exchanges, Front page, Main, News, Stablecoins

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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 an...

Exchanges, Featured, Glossary, Proof of reserves (PoR)

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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 activity...

$SEI, Airdrop, DeFi, Exchanges

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genesis block - crypto company

Genesis Block to Halt Operations Amid Potential FTX Repercussions

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The FTX’s contagious impact continues to spread across the cryptocurrency sector. Genesis Block, once Asia’s biggest Bitcoin ATM provider, is one of the enterprises in the cryptocurrency industry suffering from the FTX crash. According to a Reuters report, which was picked up by other media outlets, the business notified its customers via email that it would stop its OTC trading facility on December 10. OTC trading, also known as...

Bankruptcy, Crypto adoption, Crypto regulation, Cryptocurrencies, Exchanges, Front page, Main, News

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