Kevin Rose, the CEO and founder of Proof, fell victim to an apparent phishing attack, with his hacked wallet estimated to have held rare NFTs worth millions. After the theft, Rose worked with Op...
Tag: proof
Proof Collective says NFTs are safe following founder’s $1 million hack
Arran Schlosberg, vice president of engineering at the NFT collection organization Proof Collective, said its NFTs are safe after its founder, Kevin Rose, was hacked yesterday. Proof’s NF...
Proof Founder Kevin Rose Just Had Over $1M Worth of NFTs Stolen From His Wallet
The crypto world still feels like the Wild West at times, especially when even seasoned Web3 creators and NFT collectors fall victim to exploits that typically claim less-experienced traders. That hap...
How does Proof of Reserves Promote Transparency?
SPONSORED POST* Proof of Reserves is how centralized crypto exchanges can provide customers with the details of their reserves. It helps them to prove that they hold the assets they claim. Proof of R...
Leading Cryptocurrency Exchanges That Have Published Proof of Reserves
There is no question that transparency plays a crucial role in the cryptocurrency sector. The premise of decentralization powered by blockchain technology is to create an ecosystem without any central...
Top 10 Exchanges that have Released Proof of Reserves Audit
On November 11, 2022, FTX, the third largest cryptocurrency exchange based on the volume of trades, voluntarily filed for Chapter 11 bankruptcy. FTX was forced to shutter because it had just $900 mill...
OKX Proof of Reserves Verifies $7.5B in Clean Assets
OKX, the world’s second-largest crypto exchange by trading volume, today published its third monthly Proof of Reserves (PoR), showing $7.5 billion in clean assets. A Proof of Reserves report verifies...
HashKey Has ‘Weathered at Least Three Cycles.’ $500M Fund Is Latest Proof.
HashKey Capital has raised half a billion dollars for the cryptoasset manager’s latest vehicle. The fund, HashKey Fintech Investment III, is designed to key in on “the growing opportunities in emergi...
21 Shares Brings Proof of Stakes (PoS) Focused STAKE ETP Staking Product
Swiss crypto company 21Shares recently launched a whole new staking dedicated exchange-traded product (ETP). The crypto staking index, Staking Based Index ETP, will be tracking up to ten proof-of-stak...
ZK proof startup Ulvetanna raises $15 million in seed funding
Ulvetanna, a zero-knowledge-proof (ZKP) hardware firm, closed a $15 million seed round led by Bain Capital Crypto and Paradigm. The round, which Jump Crypto also participated in, valued the startup at...
What Is ‘Proof of Reserves’ & Can It Help Avoid Another FTX?
As the crypto economy grapples with the epic meltdown of FTX, one of its top exchanges, there are a lot of questions being raised on what the future holds for this market. While scams, hacks, and gros...
Cryptosat and DoraHacks complete ZK Proof trial aboard ISS
The phrase “to the moon” is prevalent in cryptocurrency circles. Cryptosat and DoraHacks take that principle to the heart following their experiment at the International Space Station (ISS). Both part...
DoraHacks and Cryptosat Complete ZK Proof System Trial In Space
Initiating a zero-knowledge proof system in space seemed like an impossible goal until recently. However, DoraHacks and Cryptosat have shown this can be done. Both teams showcased the viability of thi...
Cryptosat and DoraHacks complete ZK proof experiment on space station
The first successful experiment to launch a Zero-Knowledge (ZK) proof system in space occurred onboard the International Space Station (ISS) today, in a partnership between crypto-satellite developer ...
WazirX releases proof of reserves with majority of funds in Binance wallets
The cryptocurrency exchange released its proof of reserves and proclaimed it to be India’s largest exchange both in volume and reserve funds. After the paranoia and turmoil in the crypto industry caus...
WazirX Releases Proof of Reserves, Majority Lies in Binance
Indian cryptocurrency exchange WazirX has released its proof of reserves and with that revealed that 90% of its user’s assets are stored in Binance wallets. Cryptocurrency exchange WazirX has released...
WazirX publishes proof of reserves of assets worth $285M
Indian-based crypto exchange WazirX has published its Proof-of-Reserves (PoR) report, which shows it holds about $285 million worth of crypto assets. In the wake of the FTX collapse, several crypto ex...
India’s WazirX Publishes Proof Of Reserves, Shiba Inu (SHIB) As Largest Holding
India’s largest crypto exchange WazirX has released its proof-of-reserves (PoR) and has a reserves-to-liability ratio of over 1:1, the company said on Wednesday. WazirX reports reserves worth $286.10 ...
WazirX unveils its proof of reserves report, with a significant portion of funds secured in Binance wallets
Following the FTX liquidity and bankruptcy incident, which caused panic in the cryptocurrency sector, numerous digital asset providers have begun publicizing their reserve funds. WazirX, an Indian cry...
India’s WazirX proof of reserves shows largest holding is Shiba Inu (SHIB)
WazirX, India’s largest crypto exchange, has published its proof of reserves (POR), making public its wallet addresses, exchanges and POR report. In an announcement on Wednesday, WazirX said the publi...
Decoding Proof of Reserve Report and How it can Build Trust
The role of “Proof of reserves” is to ascertain that a financial institution has a 1:1 ratio backing of user funds with real assets. Blockchain companies are turning to third-party firms to audit thei...
What is Proof of Reserves and Why is it Important…
Proof of reserves is a method used by cryptocurrency exchanges and other financial institutions to demonstrate that they hold a sufficient amount of assets in reserve to meet their customers’ de...
California-based Talent Agency Joins PROOF
Kevin Rose announced a partnership between PROOF and UTA. It will help to boost Moonbirds NFT collection. UTA is among the leading organizations in the world. Creator of the Moonbirds and PROOF, Kevin...
Indian Crypto Exchange CoinSwitch Releases Proof of Reserves
2 hours ago | 2 mins read Exchange News CoinSwitch released its proof of reserves (PoR) on Monday. CoinDCX was the first Indian crypto exchange to release its proof of reserves. CoinSwitch, a cryptocu...
Vauld Rejects Nexo’s Another Acquisition Proposal: Nexo Solvency Proof required
Nexo has been trying to acquire Vauld since January 2023. Nexo has announced that it is quitting the US market; how will the US customers be treated? US creditors want proof that Nexo is solvent. Re...
Cake DeFi publishes Merkle tree-based proof of reserves
Singapore-based decentralized finance (DeFi) services firm Cake DeFi has announced the release of its proof of reserves using the cryptographically audited Merkle tree method. Developed by Ralph Merk...
Binance Offers Proof of Bitcoin Reserves to Calm Traders’ Fears
Binance, the world’s largest and most popular digital currency exchange, has announced a new program that will give all current and future crypto investors proof of its present bitcoin and Ethereum re...
Wizards’ Kyle Kuzma Dilemma Is Further Proof Of NBA’s Broken Extension Rules
ORLANDO, FLORIDA – DECEMBER 30: Kyle Kuzma #33 of the Washington Wizards looks on during the second … [+] half of a game against the Orlando Magic at Amway Center on December 30, 2022 in O...
Bitcoin dev says 200 BTC stolen just before Proof of Keys day
A leading Bitcoin Core developer has claimed that a hacker has compromised his Pretty Good Privacy (PGP) key and stolen more than 200 bitcoin ($3.5 million). Luke Dashjr, a Core developer since 2011, ...
Proof of reserves is becoming more effective, but not all its challenges are technical
Proof of reserves (PoR) has gone from a buzzword to a roar in recent weeks as the crypto world tries to recover from the shock and losses of the current crypto winter. After a flurry of discussion and...