ETH

Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

Retrieved on: 
Friday, March 22, 2024
USDC, USDT, Por, ETH, BTC, Cryptocurrency

The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.

Key Points: 
  • The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.
  • It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • As of March 22nd, Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

Retrieved on: 
Friday, March 22, 2024
USDC, USDT, Por, ETH, BTC, Cryptocurrency

The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.

Key Points: 
  • The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.
  • It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • As of March 22nd, Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

Bitcoin Halving Frenzy: Join Bybit's Miner's Point Plaza for a Shot at $1 Million and Witness History!

Retrieved on: 
Friday, March 22, 2024
Bitcoin, USDT, ETH, NFT, Miner, BTC, Cryptocurrency

DUBAI, UAE, March 22, 2024 /PRNewswire/ -- Bybit , one of the world's top three crypto exchanges by volume, today launched Miner's Points Plaza to celebrate the Bitcoin Halving.

Key Points: 
  • DUBAI, UAE, March 22, 2024 /PRNewswire/ -- Bybit , one of the world's top three crypto exchanges by volume, today launched Miner's Points Plaza to celebrate the Bitcoin Halving.
  • 2016 Halving: While the price initially dipped, it eventually soared to $2,550 by July 2017, marking a 292% increase from the halving day.
  • 2020 Halving: Bitcoin price witnessed a surge from $8,787 to its all-time high of nearly $69,000 by November 2021, a staggering 681% increase.
  • The Miner's Points Plaza offers our community the platform to maximize their gains during the Bitcoin Halving, reinforcing our commitment to leading the way in gamified experiences."

Bitcoin Halving Frenzy: Join Bybit's Miner's Point Plaza for a Shot at $1 Million and Witness History!

Retrieved on: 
Friday, March 22, 2024
Bitcoin, USDT, ETH, NFT, Miner, BTC, Cryptocurrency

DUBAI, UAE, March 22, 2024 /PRNewswire/ -- Bybit , one of the world's top three crypto exchanges by volume, today launched Miner's Points Plaza to celebrate the Bitcoin Halving.

Key Points: 
  • DUBAI, UAE, March 22, 2024 /PRNewswire/ -- Bybit , one of the world's top three crypto exchanges by volume, today launched Miner's Points Plaza to celebrate the Bitcoin Halving.
  • It's a gamified event where users complete fun tasks, earn points, and mine a 2 BTC prize pool.
  • 2016 Halving: While the price initially dipped, it eventually soared to $2,550 by July 2017, marking a 292% increase from the halving day.
  • The Miner's Points Plaza offers our community the platform to maximize their gains during the Bitcoin Halving, reinforcing our commitment to leading the way in gamified experiences."

Ledn and Casa Partner to Reward High-Security Custody Users with BTC/ETH-Backed Loan Benefits

Retrieved on: 
Tuesday, March 19, 2024
Bitcoin, Ethereum, Partnership, APR, ETH, BTC, Cryptocurrency

GEORGE TOWN, Cayman Islands, March 19, 2024 /PRNewswire/ -- Casa, a leading cryptocurrency self-custody platform, and Ledn, a prominent crypto lender, today announce a strategic partnership to expand financial services available to Casa members.

Key Points: 
  • Borrowing against Bitcoin (BTC) and Ether (ETH) has been a popular request among Casa members in recent years.
  • This partnership enables Casa members to receive an exclusive discount on crypto-backed loans via Ledn, a company that has originated over $5B of loans since 2018.
  • Ledn provides a range of lending and saving products to digital asset holders in over 130 countries.
  • Starting immediately, Casa members will enjoy a reduced interest rate, with a 0.25% APR reduction on their first five Ledn loans.

Bit Digital, Inc. Announces Fiscal Year 2023 Financial Results

Retrieved on: 
Monday, March 18, 2024
Electricity, Annual report, GPU, Digital, Artificial intelligence, Soluna, Sale, Shareholder, Nvidia, Graphics processing unit, ETH, BTC, Miner, Growth, Sympathy, Treasury, USDC, Mining, Cryptocurrency

Total revenue for fiscal year 2023 was $44.9 million, a 39% increase compared to the prior year.

Key Points: 
  • Total revenue for fiscal year 2023 was $44.9 million, a 39% increase compared to the prior year.
  • The Company paid approximately $0.05 per kilowatt hour to its hosting partners for electricity consumed during fiscal year 2023.
  • The Company earned 287.0 ETH in native staking and 81.9 ETH in liquid staking, respectively, during fiscal year 2023.
  • We announced the launch of a new business line, Bit Digital AI, during the fall of 2023.

Japanese Banks Adopt IBC for Stablecoin Cross-Chain Transfers

Retrieved on: 
Monday, March 18, 2024
Ethereum, Intel, SGX, JPY, Elis James, Communication, SMBC, BNB, JPX, Interview, Circle, CCTP, Architecture, ETH, Safety, MUFG, IBC, USD, Secure multi-party computation, USDC, Cryptocurrency

 BAAR, Switzerland, March 18, 2024 /PRNewswire/ -- What happened?: TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.

Key Points: 
  • : TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.
  • IBC is a blockchain interoperability protocol used by 110+ chains, facilitating secure, permissionless cross-chain interactions.
  • TOKI expands IBC to non-Cosmos blockchains by providing a Light Client Proxy contract with proof verification within Intel SGX.
  • The transfer was conducted through a lock-and-mint mechanism compliant with ICS-20 , the IBC token transfer module that facilitates tens of millions of transfers per year.

Japanese Banks Adopt IBC for Stablecoin Cross-Chain Transfers

Retrieved on: 
Monday, March 18, 2024
Ethereum, Intel, SGX, JPY, Elis James, Communication, SMBC, BNB, JPX, Interview, Circle, CCTP, Architecture, ETH, Safety, MUFG, IBC, USD, Secure multi-party computation, USDC, Cryptocurrency

BAAR, Switzerland, March 18, 2024 /PRNewswire/ -- What happened?: TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.

Key Points: 
  • : TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.
  • IBC is a blockchain interoperability protocol used by 110+ chains, facilitating secure, permissionless cross-chain interactions.
  • TOKI expands IBC to non-Cosmos blockchains by providing a Light Client Proxy contract with proof verification within Intel SGX.
  • The transfer was conducted through a lock-and-mint mechanism compliant with ICS-20 , the IBC token transfer module that facilitates tens of millions of transfers per year.

Blockworks Pairs Editorial with Insights for Research Platform Revamp

Retrieved on: 
Monday, March 18, 2024
Maker, Research, Editorial, DEX, UX, Vernacular, Uniswap, Light, ETH, Data analysis, Science 2.0, Cryptocurrency

LONDON, March 18, 2024 /PRNewswire/ -- Blockworks Research announces the launch of Research 2.0, a crypto information platform targeted toward the sophisticated investor. The revamped platform seamlessly integrates Blockworks' editorial content and podcasts, offering expanded research coverage under a sleek, seamless UX.

Key Points: 
  • LONDON, March 18, 2024 /PRNewswire/ -- Blockworks Research announces the launch of Research 2.0, a crypto information platform targeted toward the sophisticated investor.
  • The revamped platform seamlessly integrates Blockworks' editorial content and podcasts, offering expanded research coverage under a sleek, seamless UX.
  • A subscription to Blockworks Research unlocks a wide range of features, providing crypto-native investors with the tools needed to effortlessly navigate the crypto markets.
  • "As an added benefit, we've embedded the best of Blockworks editorial coverage and podcasts into the platform."

Blockworks Pairs Editorial with Insights for Research Platform Revamp

Retrieved on: 
Monday, March 18, 2024
Maker, Research, Editorial, DEX, UX, Vernacular, Uniswap, Light, ETH, Data analysis, Science 2.0, Cryptocurrency

LONDON, March 18, 2024 /PRNewswire/ -- Blockworks Research announces the launch of Research 2.0, a crypto information platform targeted toward the sophisticated investor. The revamped platform seamlessly integrates Blockworks' editorial content and podcasts, offering expanded research coverage under a sleek, seamless UX.

Key Points: 
  • LONDON, March 18, 2024 /PRNewswire/ -- Blockworks Research announces the launch of Research 2.0, a crypto information platform targeted toward the sophisticated investor.
  • The revamped platform seamlessly integrates Blockworks' editorial content and podcasts, offering expanded research coverage under a sleek, seamless UX.
  • A subscription to Blockworks Research unlocks a wide range of features, providing crypto-native investors with the tools needed to effortlessly navigate the crypto markets.
  • "As an added benefit, we've embedded the best of Blockworks editorial coverage and podcasts into the platform."