The purpose of a Proof of Reserves (PoR) is to verify that a custodian has the assets it says it does on behalf of its clients. It is an independent audit carried out by a third party. …

The cryptocurrency exchange FTX is observing millions of dollars being transferred from FTX wallets. The exploiter is switching all cryptocurrency assets to DAI and ETH, which cannot be blocked. Additionally, the drainer takes out tokens like StETH Solana, BNB, LINK, AVAX, and MATIC. …

Ethereum remains the industry standard for blockchain-based finance applications and smart contracts. The network has the most users, developers, and DeFi applications and is enormous, stable, and decentralized. The number of active users, developers, and protocols being built across the ecosystem continues to rise despite a significant increase in Ethereum’s…

Brief Macro In September 2022, consumer price inflation in the US decreased for the third consecutive month to 8.2 percent YoY, the lowest level since February but higher than the 8.1% market forecast. Additionally, the annual rate continued to be far higher than the US Federal Reserve’s target of 2%…

Analytics has changed the business landscape, providing organizations with actionable insights that yield positive results. For this reason, more companies have adopted data analytics and artificial intelligence tools. Most businesses now rely on artificial intelligence for uncovering data, boosting productivity, maximizing finances, and improving project management. …

Step 1: Go to app.synchrony.fi/#/swap Step 2: Choose your desired wallet

The Merge Soon, the current Ethereum Mainnet will merge with the Beacon Chain proof-of-stake system. This will mark the end of proof-of-work for Ethereum and the full transition to proof-of-stake. This sets the stage for future scaling upgrades, including sharding. The Merge will reduce Ethereum’s energy consumption by ~99.95%. _________________ Top Crypto/DeFI update …

The top news last week: The ETH Merge Let’s start with the bubble of the internet, The merge! This eagerly awaited occasion has arrived. If you need a refresher course on the ETH Merge timeline, it is projected as follows: - First order of event — the Bellatrix Hard Fork…

Here are top news from the crypto/DeFi space last week. Sam Trabucco has resigned as co-CEO of Alameda Research. He will continue on as an advisor and Caroline Ellison will continue as sole CEO. In a Twitter thread titled “On Happiness,” Sam Trabucco admitted he has found other things “more…