Transparency
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DefiLlama: Currently, there are no plans to issue LLAMA tokens. Any air drop will be discussed with the community
On March 21, DefiLlama tweeted that there were no plans to issue LLAMA tokens at present, and any air drops would be discussed with the community. The DeFi Llama team would like to
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Immutable and Polygon Collaborate to Propel Innovation in Crypto Gaming
According to reports, Web3 gaming company Immutable and Polygon are collaborating to accelerate innovation and adoption in the emerging crypto gaming field. The alliance will be co
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The Non-Compliance Notice: What it Means for SilverGate’s Cryptocurrency Platform
It is reported that SilverGate, a cryptocurrency bank, received a letter from the New York Stock Exchange informing it of non-compliance with the 10K report.
SilverGate received a -
DeFi Insurance Market Analysis: A Trending Topic in The Crypto Community
According to reports, according to OpenCover statistics, the DeFi insurance track paid a record $34.4 million in claims in 2022, exceeding 90% of historical expenses, but only 0.5%
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Financial YouTubers face $1 Billion Lawsuit over FTX Promotion
On March 21, it was reported that several financial YouTube members promoting FTX have now been filed a $1 billion class action lawsuit against individuals from the United States,
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Understanding the New Cryptocurrency Promotion Rules in Belgium
On March 21, the Belgian financial market regulator, the Financial Services and Markets Authority (FSMA), will implement a new set of cryptocurrency promotion rules within its juri
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Cryptocurrency Advertising in Belgium: New Law Mandates Accuracy and Risk Disclosure
According to reports, according to a new law announced by the Belgian financial regulator on Monday, Belgian cryptocurrency advertising must be accurate and warn investors of risks
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Crypto.com’s CEO Announces Security Measures: Rebalancing Assets Between Addresses
On March 20th, Kris Marszalek, CEO of Crypto.com, said on Twitter that as part of our regular hosting operations to ensure continued security, we will rebalance multiple assets bet
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LSDx Finance Commits to Transparency and Better Management Techniques
According to reports, the All LSD Super Liquidity Agreement LSDx Finance tweeted a response to clarify the community’s red flag query, announcing the address of the fund pool, indicating that changes will be made to increase transparency and optimize management, including destroying foundry and administrator permissions in the proxy, and adopting multi-signature management for future treasury addresses. LSDx Finance: The team did not sell coins, and will adopt multi-signature management for future treasury addresses Analysis based on this information:LSDx Finance has responded to the red flags raised by the community, indicating its commitment to transparency and better management practices. According to reports, the All LSD Super Liquidity Agreement tweeted a message outlining the steps it would take to address the concerns raised by the community. The message highlights the address of the fund pool and proposed changes that would increase transparency and optimize management of the fund. One of the significant changes that LSDx Finance plans is the adoption of…
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The Misconception of Cryptocurrency’s Security
On March 15, Zhao Changpeng, CEO of Coin Security, tweeted that the statement “cryptocurrency is not secure” was incorrect. In fact, the transparency of blockchain is a feature, not a vulnerability. Trusted encryption services and platforms have the same or even better security as traditional finance/KYC/AML. Zhao Changpeng: “Cryptocurrency is not secure” is a misunderstanding. The security of trusted encryption services is better than traditional finance Analysis based on this information:According to the CEO of Coin Security, Zhao Changpeng, cryptocurrency is often considered not secure due to its transparency. However, Changpeng argues that this notion is a misconception. In fact, transparency is a feature of the blockchain technology used in the creation of cryptocurrencies, which ensures security. One of the unique features of blockchain is that it acts as a transparent and tamper-proof digital ledger. Each transaction made on the blockchain network creates a block containing information that is verified by other users on the network. Once verified, the block…
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Binance Founder CZ Announces Shift of Industrial Recovery Funds from BUSD to Native Cryptocurrency
On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. CZ: US $1 billion “Industry Recovery Fund” will be converted from BUSD to BTC, BNB and ETH Analysis based on this information:Binance Founder CZ recently announced via social media that the company will be transitioning the remaining US $1 billion of their industrial recovery funds from BUSD to native cryptocurrency. This decision was made in light of changes occurring in the stable currency and banking industries. The move signifies Binance’s desire to pivot towards digital currencies that are native to their platform, namely BTC, BNB, and ETH. By doing this, they hope to maintain more control over the funds and take advantage…
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Circle reveals USDC reserve status on Twitter
According to reports, Circle said on Twitter that about US $40 billion of USDC reserves had US $3.3 billion kept in Silicon Valley banks. Circle: $3.3 billion in deposits in Silicon Valley banks Analysis based on this information:Circle, a leading digital currency platform, has gained attention in recent days after revealing that approximately $40 billion dollars of USDC reserves had $3.3 billion kept in Silicon Valley banks. The announcement was made directly on Twitter, offering users and investors transparency regarding Circle’s financial state. USDC or the US Dollar Coin, is a stablecoin that is pegged to the U.S. dollar. It is used for trading or as a medium of exchange in transactions. The coin is a popular choice among investors as it offers a stable alternative to other cryptocurrencies which are highly volatile. Circle’s move towards more transparency in their financial report is a significant step in the cryptocurrency industry. The digital currency industry has been plagued by reports of…
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US Senator Markey Urges Bitcoin Miners to Improve Transparency of Environmental Impacts
On March 8, US Senator Ed Markey presided over the meeting of the Committee on Environment and Public Works yesterday, focusing on the energy use of Bitcoin Mi…
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Blockchain Fashion Platform Tex.tracer Raises 1.5 Million Euros in Seed Funding
It is reported that the blockchain fashion transparency platform, tex.tracer, announced the completion of 1.5 million euros of seed round financing, with the p…
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Cryptocurrency mining under the lens of the US government
On March 4, U.S. Senator Edward J. Markey and Representative Jared Huffman announced the reintroduction of the Cryptocurrency Asset Environmental Transparency …
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Interpretation:
According to reports, Circle, the issuer of the US dollar stable currency, said on Twitter that Circle had kept in touch with several banking partners, and was…
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Paxos Treasury Casts Over $128 Million on Ethereum Network
On March 3, according to the Whale Alert monitoring data, Paxos Treasury cast 128596461.86 USDPs on the Ethereum network at 16:59:47 today, about 128.4 million US dollars.
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OKX to Upgrade Proof of Reserves with Enhanced Transparency and Privacy Measures
On March 2, OKX announced that it would upgrade its PoR in the next few months, including full reliability tree disclosure and zero knowledge proof (ZKP) for P…
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ArbiSnap’s “Rug Pull” and Transparency in the World of Cryptocurrency
On March 2, according to PeckShieldAlert monitoring, the Rug Pull project ArbiSnap has transferred 84 ETHs to the main network and sent them to Tornado Cash.<b…
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##Table of Contents
It is reported that the Federal Reserve Kashkari said that I have always been deeply suspicious of the cryptocurrency industry.
Federal Reserve Kashkari: Has been deeply suspicious -
Title:Aptos X Outlier Move Accelerator: A Joint Effort to Boost Startups Focused on Aptos Protocol and Blockchain
It is reported that Aptos Foundation and web3 investment company Outlier Ventures have jointly launched Aptos X Outlier Move Accelerator. The plan will support…
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Mysterious Transfer Of 50 Million USDC Hints At Potential Manipulation In Cryptocurrency
According to reports, Whale Alert data showed that at 21:53:47 Beijing time on February 23, 50000000 USDCs were transferred from USDC Treasury to unknown walle…
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Vitalik Buterin’s Ethereum Donation Highlights Transparency Issues
On February 22, it was reported that Vitalik Buterin, the co-founder of Ethereum, initially estimated that the cryptocurrency donation of India\’s Covid Relief,…
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The Technological Disruption of Trust: The Importance of Transparency in the Digital Age
It is reported that Karel Kubat, chief technology officer of Composable Finance, said that he would leave the company due to the lack of transparency and the e…
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Neutrino Community Proposes Temporarily Disabling Governance for Clarity
On February 21, according to the official news, members of the Neutrino community released a proposal on the governance forum, proposing to temporarily disable…
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Lack of Transparency in MEXC Exchange’s Reserve Certificate
On February 21, the community paid attention to the MEXC Matcha Exchange, which said in November 2022 that it would prepare the Merkle tree reserve certificate…