Living Proof has taken a step forward in the metaverse by announcing that it will soon open a storefront in the metaverse. It has partnered with ByondXR for this purpose, allowing it to boost the crea...
Tag: proof
Regulator Warns Crypto Investors Against “Proof Of Reserve” Reports, Says Can’t Be Trusted
While the intervention of regulators in the crypto industry could sometime seem unnecessary or frightening, it is worth noting that not all regulators are villains, some are just keen on consumer prot...
Proven, a Zero-Knowledge Proof of Solvency Solution for Crypto, Raises $15.8M Seed Round Led by Framework Ventures
Team of former Jane Street, PIMCO quant experts launch first-of-its-kind product to enable brokers, exchanes, and custodians to prove solvency daily Serves leading Web3 companies including Coinlist, B...
Framework Ventures leads $15.8 million round into ‘proof of solvency’ startup
Proven, a firm providing zero-knowledge proof technology so that crypto firms can prove solvency, raised a $15.8 million round led by Framework Ventures. Other investors in the seed funding round incl...
Regulators Caution Crypto Investors on “Proof of Reserve” Reports
The Public Company Accounting Oversight Board (PCAOB) has cautioned investors about relying on “proof of reserve” reports. The PCAOB emphasized these reports are not audits and do not follow any speci...
Proof of Reserve – Easing the Cryptocurrency Businesses
Proof of reserves (PoR) is an open auditing procedure for cryptocurrency businesses that offers a frank assessment of the assets held in reserve by the businesses. To ensure the custodian of these ass...
Binance Adds 11 New Tokens to Proof of Reserves for Enhanced Security – Cryptopolitan
Binance, the world’s largest crypto exchange, has recently added 11 new cryptocurrencies to its Proof-of-Reserves (PoR) system, bringing the total to 24 different assets. These new tokens include popu...
Exchange Adds 11 New Tokens To Its Proof Of Reserves
Binance News: The world’s largest crypto exchange by market share, Binance, has recently updated its Proof-of-Reserves (PoR) system to add 11 new cryptocurrencies. These include the likes of 1inch (1...
Crypto Sets Higher Standards for Proof of Reserves for Traditional Finance: Bybit CEO
The new norms after 2022: crypto exchanges have set a high bar in transparency with 100% verifiable proof of reserves DEXs form an important part of a healthy ecosystem by supporting medium and long-t...
Bybit CEO Advocates for Higher Standards of Proof of Reserves, Bridging the Gap Between Crypto and Traditional Finance – Cryptopolitan
The world of cryptocurrency is rapidly evolving. As the asset class continues to mature, investors are increasingly looking for ways to protect their funds and ensure transparency within exchanges. Re...
LBank supports EU plans for Zero-Knowledge Proof for Digital IDs
On Feb. 9th, the EU’s Industry, Research, and Energy Committee introduced zero-knowledge proofs to its amendments to the European digital identity framework (eID). This amendment was voted in by 55 vo...
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting – Bitcoin News
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueus...
Proof of Stake Alliance publishes white papers on legal aspects of liquidity staking
The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The pape...
Moonbirds NFT Creators Cancels Proof Collective’s May Event
Moonbirds NFT creators have canceled Proof Collective’s Proof of Conference event scheduled for May, according to a statement. The release stated that the event was canceled “due to considerably less...
Proof Collective Cancels Conference, Ruffling Moonbirds NFT Holders
Organizers of the Proof Collective’s Proof of Conference event canceled the event planned for May, citing “considerably less interest than anticipated,” according to the event’s website. Proof is a We...
PROOF of Conference stands canceled, announces PROOF
A setback but probably the best decision since PROOF has announced to cancel its NFT event – PROOF of Conference. The announcement was made through an official blog post with highlights shared through...
OKX Releases Fourth Proof of Reserves Report With $8.6B in ‘Clean Assets’
OKX released its fourth monthly Proof of Reserves (PoR) enabling its users to verify that the Seychelles-based crypto exchange holds the amount of cryptocurrency that it claims to. It revealed holding...
OKX Proof of Reserves report shows $8.6B in clean assets
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implicatio...
Hacken boosts Binance proof of reserves security
On Feb 14, 2023, Hacken researchers ran tests and identified a bug in the Binance zkSNARK-based Proof of Reserves system. Hacken published a complete report on the assessment, announced it on their Tw...
OKX Shines As Proof Of Reserves, Security Grab The Spotlight
OKX is known for its innovative approach to security, using cutting-edge technology and strict security protocols to ensure that all transactions are safe and secure. Additionally, OKX has implemente...
Binance adds zk-SNARK verification to its proof of reserves system
Ad Binance has upgraded its proof-of-reserves (PoR) system with zk-SNARK verifications, a form of zero-knowledge proofs that preserves the privacy and security of sensitive user information. Binance C...
Binance Officially Includes Shiba Inu on Its Proof of Reserves System
The exchange also incorporated zk-SNARK into the PoR system to improve transparency. Binance, the world’s largest exchange by daily trade volume, has officially included Shiba Inu (SHIB) on its Proof ...
Binance Upgrades Proof of Reserves Privacy With Zk-SNARKs
Binance announced that it would introduce zero-knowledge proofs to improve the quality of its Proof of Reserves report. Zk-SNARKs will allow Binance users to securely and privately confirm nonnegative...
Cardano Introduces New Ethereum-Compatible Sidechain Proof of Concept
Cardano, a leading blockchain platform, has recently launched a new Ethereum-compatible sidechain proof of concept (PoC). This new PoC is aimed at providing a secure and scalable solution for de...
Cardano (ADA) Launches New Ethereum-Compatible Sidechain Proof of Concept
Smart contract platform Cardano (ADA) is launching a new sidechain proof of concept that is compatible with Ethereum (ETH). In a new announcement, Input Output Hong Kong (IOHK), the development team b...
VRRB Labs Launches Decentralized Protocol Leveraging Proprietary “Proof of Claim” Algorithm to Solve Blockchain Trilemma
Raises Pre-Seed Funding Round from Investors Including Jump Crypto, Taureon, and Big Brain Holdings MIAMI–(BUSINESS WIRE)–VRRB Labs (“VRRB”), a decentralized protocol that combines speed, scalability,...
Aave integrates Chainlink’s proof of reserves on Avalanche via BGD Labs
Chainlink’s Proof of Reserve feature is now available on Aave lending platform on the Avalanche blockchain for on-chain verification and transparency of lending markets. BGD Labs, a development ...
What Is Proof of Work (PoW)? – Cryptopolitan
Have you ever wondered how Bitcoin and other cryptocurrencies are able to guarantee secure transactions? The answer lies in a concept called Proof of Work (PoW). It is a consensus mechanism used by de...
Cake DeFi Launches Verified Proof of Reserves
Decentralized finance (DeFi) has experienced a surge in popularity over the past few years. With its promise of financial freedom, many people have looked to DeFi as a way to move away from traditiona...
Why Proof of Innocence Won’t Work for US Tornado Cash Users
Web3 venture builder Chainway recently announced a tool that would interest Tornado Cash users — a tool that would provide data supposedly showing their funds are from a legitimate source. At is...
Proof Reveals Artists Behind Grails III NFT Release, Urging Collectors to Appreciate Digital Art Over Hype
Proof’s Grails III is the third iteration of its mystery NFT compilation series. In February 2022, Grails I dropped, with work from entrepreneur Gary Vaynerchuk, CryptoPunks and Meebits creator Larva ...
Proof NFTs are Safe – Exec Speaks After CEO’s Account Is Hacked
Join Our Telegram channel to stay up to date on breaking news coverage The CEO of NFT business Proof, Kevin Rose, who created the renowned collection Moonbirds, disclosed that his account had been sto...