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2023-03-23 18:00:04 Good Crypto - MEME Coin of the Week: Buff Doge Coin (DOGECOIN)

Buff Doge Coin was born as a beefed-up version of Dogecoin, with a vision to reign supreme as the ultimate meme. This crypto asset boasts an array of distinctive features, including hyper deflationary mechanics, whereby every subsequent burn doubles the amount of its predecessor. Given the frequent nature of coin burns, the remaining supply of Buff Doge Coin will be depleted entirely.

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#GoodCryptoTop Open / Comment

2023-03-22 20:00:02 Is it over already!?

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2023-03-22 19:00:05 ​​ The newest proof of reserves from OKX discloses $8.9 billion in assets

According to the latest release, OKX's reserves across Bitcoin, Ether, and Tether are valued at $8.9 billion, with BTC, ETH, and USDT having reserve ratios of 103%, 103%, and 102%, respectively. OKX has also increased transparency by making full liabilities, the total balance of user deposits, publicly accessible after upgrading its PoR system.

Lennix Lai, the Managing Director of Global Institutional at OKX, emphasized that the industry requires crypto-native solutions to address crypto-native challenges. He stated that the inherent transparency of blockchain and crypto/Web3 technology is incredibly valuable.

Following the FTX scandal, many exchanges, including Binance, Crypto.com, and Bybit, have released Merkle-Tree-based verification proofs to maintain the industry's integrity. Lai believes that the new industry mantra is "don't trust - verify," and OKX has already enabled over 300,000 users to view the reserves or verify their liabilities.

The new transparency mechanism used by OKX maintains user privacy by splitting and shuffling account liabilities in the tree through a solution called "splitting leaf nodes." OKX will also add zero-knowledge proof to its PoR in the coming weeks, according to Lai.

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2023-03-22 18:00:05 It's Wednesday, time to catch up on the top listings from last week on your preferred exchanges.

Upgrade to our PRO plan to receive notifications when new coins are listed.

Simply go to the Good Crypto App, purchase the PRO plan, and activate exchange listing alerts in the app's settings. Don't have time? Use this link!

Check out the hottest exchange listings of the last week

#GoodCryptoTop Open / Comment

2023-03-22 17:00:04 Now is the time!

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2023-03-21 20:00:03 The Kraken Trailing Buy order strategy is a powerful technique to enter long positions. This approach involves setting a trailing order that will track the price as it drops and activate a Buy order once the price rises from its lowest point by the distance of the set Trailing. Doing so lets you buy an asset at the optimal price precisely when the market reverses, enhancing your likelihood of gaining profit.

#GoodGryptoTutor #GoodCryptoAdvice Open / Comment

2023-03-21 19:00:08 ​​ Coinbase suspends support for Signature Bank's Signet

Reportedly, Coinbase has ceased its support for Signature Bank's Signet payment platform more than a week after the New York regulators shut down the crypto-friendly bank.

According to The Wall Street Journal's report on March 20, Coinbase users will not be able to use Signet to send funds outside of banking hours until further notice. The crypto exchange has been searching for another payment network provider and awaiting the outcome of the Signature situation.

The closure of Signature Bank on March 12 was the third bank failure, following Silvergate Bank on March 8 and Silicon Valley Bank on March 10. While financial regulators stated that they intervened to strengthen public confidence in the banking system, reports have indicated that Signature had no solvency issues at its closure.

The U.S. Federal Deposit Insurance Corporation announced that all of Signature's deposits and loans, except for roughly $4 billion in crypto deposits, would be sold to New York Community Bancorp's Flagstar Bank. The government corporation intends to offer digital banking accounts to customers with crypto deposits.

Coinbase, Celsius, and Paxos all had funds tied up with Signature at the time of the bank's closure. Coinbase expects to recover $240 million in corporate assets, while Paxos reported $250 million held at the bank, and Celsius acknowledged some exposure but did not disclose the exact amount.

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2023-03-20 20:00:03 Quick weekly news:

- Microsoft reportedly testing Edge browser Web3 wallet integration

- Euler Finance hacker starts returning stolen Ether

- Binance replaces BUSD in SAFU fund with TUSD and USDT

Other notable events include:

- SVB Financial Group declares bankruptcy under Chapter 11

- Coinbase intends to launch a cryptocurrency trading platform outside of the US

Read more in our Reddit post and keep tabs on the market

Also, make sure to check out the top altcoin gainers and losers of the week Open / Comment

2023-03-20 19:00:05 ​​ Community cautions against phony Arbitrum airdrops

Arbitrum's upcoming ARB token airdrop has become a prime target for scammers attempting to trick crypto users, with hundreds of phishing scams emerging within the community.

The airdrop will send out 10 billion governance tokens via a token airdrop, allowing holders to vote on code changes. Unfortunately, scammers have attempted to set up fake token airdrops to steal funds from victims ahead of the official event.

Redefine, a blockchain security company, found a website impersonating an official Arbitrum airdrop website. CertiK, another blockchain security firm, pointed to a fake Arbitrum Twitter account.

Meanwhile, Reddit user u/CryptoMaximalist advised checking a user's profile and history before clicking on shared links. According to Web3 anti-scam tool Scam Sniffer, it detected more than 273 phishing sites related to Arbitrum since the token airdrop was announced.

The Arbitrum Foundation used a points system to determine who could claim tokens in the Airdrop and how many they could claim.

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2023-03-20 18:30:01 Open / Comment