Bitget has been publishing verifiable data since December 2022. The recent proof of reserves shows USDC at a reserve ratio of 2604% The exchange’s reserve ratios have consistently exceeded 200% in the past seven months. Coinjounal can exclusively reveal that Bitget, a leading platform for copy trading and crypto derivatives, has released its monthl

The proportion of traditional hedge funds investing in crypto assets declined in the past 12 months though the long-term outlook remains positive, according to a new report by Big Four accounting firm PricewaterhouseCoopers (PwC). The percentage of funds with crypto exposure fell to 29% from 37% in 2022, according to the Global Crypto Hedge Fund [&

Zero-knowledge rollup ZKM has been unveiled out of incubation from the MetisDAO Foundation, saying it plans to make Ethereum the “universal settlement layer for all blockchain and non-blockchain applications.” With funding from the foundation that oversees development of Metis, a layer-2 Ethereum protocol, ZKM is developing a hybrid approach that c

Ondo Finance, which already offers tokenized U.S. Treasurys on the Ethereum blockchain, expanded the product to the Polygon network. The company has issued its OUSG token, a tokenized version of BlackRock’s short-term U.S. government bond exchange-traded fund (ETF), natively on Polygon as part of a “strategic alliance,” according to a press release

Alex Mashinksy, co-founder and former CEO of insolvent crypto lender Celsius was arrested on Thursday following an investigation into the company’s collapse, according to a U.S. Department of Justice (DOJ) indictment. Mashinsky and others are charged with seven counts including securities fraud, commodities fraud, wire fraud and conspiracy to manip

This is an opinion editorial by Bitcoms, a Bitcoin writer. “So quick bright things come to confusion”  –William Shakespeare, “A Midsummer Night’s Dream” “Inscriptions” are a way of writing pieces of arbitrary information onto the Bitcoin blockchain. “Ordinals” are a convention used for tracking individual sats and linking them to inscriptions. This

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running. ACE offers a comprehensive suite of features that enables crypto exchanges to streamlin

We’re in an era where the technological revolution is changing how we work, relate to one another, and live. Its scope, complexity, and scale will build a transformation we’ve not experienced before.  We get a sense of direction even when we don’t know how it will occur. The first industrial revolution used steam power and […]

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering – the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are bullish about its future prospects and want to earn even more from increasing prices. ETHphoria is a low-risk, principal-protected str

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv. FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal. Who is […]