Altcoin News Official TheBitTimes.com

The Los Angeles home of Kevin Rose, the creator of NFT firm PROOF, has been completely destroyed in the California wildfires.  Rose shared footage of his house on Threads and filmed himself walking past scorched cars and homes in his devastated neighborhood. “Sadly lost everything in the #pacificpalisades fires,” he posted alongside the footage. “There’s nothing left.” Around 10,000 structures have been destroyed and crypto enthusiasts have lost wallets and credentials. Read more: Polymarket faces backlash over ‘sick’ California wildfire markets The fires, which started on Wednesday, have so far caused the evacuation of almost 180,000 people and the deaths of at least 10. Two of the blazes wildfires have been ranked in the top five most destructive fires in the state’s history. Thousands have lost their homes, including celebrity figures such as Mel Gibson, Paris Hilton, and Jeff Bridges.  Crypto companies and their people in LA have a...

The team said it has already lined up clients, including CoinList, Bitso and TrueUSD. A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge proofs to reveal an institution’s assets and liabilities without revealing the personal data of customers. According to the press release, the Proven team consists of quantitative traders, portfolio managers, and researchers from Wall Street firms Two Sigma, Elm Partners, Pimco, Jane Street and others. The initial $15 million seed round was led by crypto-oriented venture capital fund Framework Ventures. Jane Street was also the former employer of Sam Bankman-Fried, who is accused of fraud after the collapse of his crypto exchange, FTX. Proof-of-solvency protocols attempt t...