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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (193398)	11/9/2022 9:29:11 PM
From: Pogeu Mahone	2 Recommendations Recommended By Cogito Ergo Sum maceng2 Read Replies (1) \| Respond to of 218809

Total clown show These jerkoffs need a month? FTX situation the end of crypto? Crypto Investing with Fidelity \| Discover Bitcoin, the Metaverse ... fidelity.com › crypto › overview Invest in crypto with a trusted leader. Learn about commission-free Fidelity Metaverse ETFs, Bitcoin, and the world of cryptocurrency. ? What is bitcoin? · ? Fidelity in the Metaverse · ? Enter the Metaverse Crypto Exchanges Scramble to Compile 'Proof of Reserves' as FTX Contagion Grips Markets Nine prominent exchanges said they will publish proof-of-their-reserve holdings in the next month. By Shaurya Malwa Nov 9, 2022 at 4:32 a.m. EST Updated Nov 9, 2022 at 2:25 p.m. EST 0 seconds of 55 secondsVolume 0% Crypto exchanges are now scrambling to publicly publish their fund reserves as insolvency fears grapple crypto investors following contagion risks stemming from liquidity issues at FTX. In the past 24 hours, nine exchanges – Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, OKX, Deribit and Bybit– have separately issued statements that they would publish their Merkle tree reserve certificates to increase transparency. A Merkle tree is a data structure that is used in computer science applications. In bitcoin ( BTC) and other cryptocurrencies?, Merkle trees serve to encode blockchain data more efficiently and securely. They are also referred to as "binary hash trees." In a centralized crypto exchange, every user’s assets are recorded by the ledger of a centralized database. The recorded assets in the database are the total amount of the user’s assets. Using Merkle trees allows exchanges to store each user account’s hash value of assets in the “leaf nodes” of the Merkle tree. The second step is to audit those assets in the leaf node of the Merkle tree and verify all the users’ holdings by a third party. Crypto exchange Binance founder Changpeng Zhao urged industry players to provide “proof of reserves” following Tuesday’s events involving FTX and Binance. Elsewhere, crypto entrepreneur Justin Sun said Huobi, where Sun is a stakeholder and adviser, would conduct "a third" Merkle tree reserve test. FTX came under scrutiny following a CoinDesk report last week that found the balance sheet of Alameda Research, a crypto trading unit owned by Sam Bankman-Fried, who also owns FTX, was full of FTX’s native FTT tokens. This meant that Alameda rested on a foundation largely made up of a coin that a sister company invented, not an independent asset like a fiat currency or another crypto. The report sparked rumors of FTX becoming possibly insolvent, which in turn led to industry players selling FTX-linked coins to protect their own downside. Rival Binance, which held over $500 million of FTT on its books, started to offload its holdings – which culminated in a 24-hour-long drama that ended with Binance signing an intent to acquire FTX, which is now considered by many to be insolvent. Stablecoin issuer Circle, which counts FTX as an investor, played down its exposure to the troubled exchange along with rival Tether and crypto exchange Coinbase. Read more: FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange UPDATE (Nov. 9, 12:54 UTC): Adds Deribit and Bybit's statement in the dek and second paragraph.