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Binance Leads PoR Effort, Bitcoin’s Battle Above $16K and Crypto Market’s Attempt at Recovery: This Week’s Recap

The past week was somewhat positive for the entire cryptocurrency market, both in terms of pricing and overall developments. While the meltdown of FTX looms over the industry and most…

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Analyst Confirms GBTC’s 633K Bitcoin Claim Despite Grayscale’s Reluctance to Share Proof of Reserves

An independent analyst has confirmed that GBTC owns approximately 633,000 Bitcoin held by its custodian – Coinbase Custody. This comes as Grayscale, the asset manager running the world’s largest bitcoin…

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Users Can Now Verify the Bitcoin They Own on Binance via Merkle Tree

The world’s largest cryptocurrency exchange – Binance – introduced its Proof of Reserves (PoR) system to display to users the exact amount of its crypto reserves. The feature will initially…

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Despite Many Selling Bitcoin at Loss, Bottom Might Not Be Here Yet: Analysis

CryptoQuant analysts informed that a lot of bitcoin investors have been selling at a loss recently since the asset’s price is a long way from its highest levels from a…

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Beyond Bitcoin – El Salvador Wants to Create a Legal Framework for All Crypto Assets

The government of El Salvador presented a bill that could set comprehensive rules on the local crypto sector and regulate the operations of all digital asset providers in the country.…

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Altcoin Madness: BNB Soars to $300, Litecoin Skyrockets 27% Daily (Market Watch)

After several days of charting new lows, bitcoin finally bounced off and added over 5% of value on a daily scale. However, most altcoins have outperformed the largest crypto. Massive…

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US Lawmakers ‘Strongly Urge’ Fidelity to Reconsider its Bitcoin 401(k) Initiative

The American senators – Elizabeth Warren, Tina Smith, and Richard Durbin – advised Fidelity Investments to reconsider its decision to allow investors to add bitcoin to their retirement 401(k) plans.…

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