Grayscale – one of the largest bitcoin trusts in the world – says it’s not going to be sharing its proof of reserves with customers, causing a lot of heads to turn, eyebrows to hike, and fear to surge...
Tag: proof
SEC Chairman Explains Why Proof of Reserves Has No Value
Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), reportedly said that crypto-asset regulations are necessary to overcome FTX like scenarios in the crypto market. He said, “Th...
Why Do Proof of Reserves Matter And What Are They?
Join Our Telegram channel to stay up to date on breaking news coverage Following the FTX collapse, proof of reserves has been a hot topic, with the investor community demanding that exchanges give cer...
SEC Chair Gary Gensler Warns of Imminent Crypto Crackdown, Explains Why Proof of Reserves Has No Value: Report
The Chair of the U.S. Securities and Exchange Commission (SEC) reportedly says that a crackdown on the crypto industry is imminent in the wake of FTX’s high-profile collapse. According to a new report...
Crypto exchange OKX releases second proof of reserves
Crypto exchange OKX has released its second proof of reserves (PoR) on its website, only a month after releasing its first one. Haider Rafique, chief marketing officer at OKX, said on Twitter that the...
Aave To Introduce Proof of Reserve Approach To Secure Bridging Assets
2 hours ago | 2 mins read Defi News Over 99% of participants voted in support of the proposal. The proposed solution is Aave using the aggregator smart contract in ChainLink PoR. As the decentralized ...
“Be Wary Of Proof of Reserve”
2 hours ago | 2 mins read News Since the demise of FTX, several crypto firms have commissioned “proof-of-reserves” audits. The change comes as the fallout from FTX has spread throughout the crypto ind...
OKX Crypto Exchange Publishes Another Proof of Reserves
Following the fall of FTX, the broader crypto market witnessed a ripple effect. The already struggling market took another hit in the wake of once a leading crypto exchange filing for bankruptcy. Taki...
Jump Crypto releases research on Proof of Solvency vulnerabilities
Jump Crypto (JC) released a research article on Dec. 21 analyzing Proof of Solvency (PoS) vulnerabilities and how PoS works in theory — but fails in practice. In the article, the research-driven quant...
Indian Crypto Exchanges CoinDCX And WazirX Proof Of Reserves Update
India’s top crypto exchanges CoinDCX and WazirX promised to release their proof-of-reserves (PoR) in the coming days after global crypto exchanges hurried to release their proof-of-reserves following ...
Missing From the Debate About Binance’s Proof of Reserves and Auditor, One Metric Shows Another Exchange Could Be in Trouble
“If the exchange is not using its collateral to borrow money, it doesn’t really matter what the clean reserves are. If every customer’s crypto is fully held 1:1 in proper wallets, it doesn’t rea...
Are Exchanges Falling Short on Proof of Reserves Efforts?
Various so-called proof-of-reserves reports by crypto exchanges following the collapse of FTX are misleading, industry participants said, as assuring the solvency of a centralized crypto firm may only...
DCG Bankruptcy Is Imminent? Proof Of Asset Transactions
DCG Bankruptcy News: With the Digital Currency Group (DCG) experiencing huge liquidation in the last 24 hours, speculation is rife about the stability of the platform. The crypto market is still not o...
proof of work is a feature, not a flaw
When taking its blockchain public, “there was an adjustment period where we had to learn to love crypto,” Kadena founder and CEO Stuart Popejoy said. The admission sounded more like a technical adjust...
Binance cancels its Proof of Reserve
Fresh news has just been confirmed that Binance’s Proof of Reserve has been deleted from the website. The news could create a panic among investors on the large exchange platform. At the moment, there...
Impact of Proof of History on Its Network
Contents Learning about proof of history PoH still needs evolving Solana (SOL) is considered one of the fastest cryptocurrencies on the crypto market. The scalability of its blockchain comes from its ...
Binance Proof of Reserves fall by $3.5B in 24 hours
Over the last 24 hours, the Binance USD (BUSD) and Bitcoin (BTC) Proof of Reserves (PoR) have fallen by $3.45 billion, and $472.86 million respectively — according to Glassnode data analyzed by Crypto...
FTX saga: Audited Proof of Reserves is a great welcome, but here’s the risk
Binance, Crypto.com, and KuCoin have released audited Proof of reserves (PoR). The audits followed the same procedure (AUP). The AUP procedure has an inherent risk, e.g. the failure to detect fraud in...
Binance Withdrawals Surge after the FUD on its Proof of Reserve Report
Binance’s net outflows reached $902 million in the last 24 hours. Binance CEO CZ tweeted, “Ignore FUD. Keep building.” The world’s largest cryptocurrency exchange by trading volume, Binance, flooded w...
Crypto Exchange Bybit Provides Merkle Tree-based Proof of Reserves
Exchange News Bybit’s users will be able to independently check the exchange’s holdings. It has also promised to make public the whole contents of its Bitcoin and Ether wallets. Bybit, another major c...
Bybit Launches Merkle Tree-Verified Proof of Reserves
The Dubai-based platform announced the launch of a Merkle Tree-based proof-of-reserve system to enable users to verify their assets deposited into the exchange as well as Bybit’s holdings. The verific...
Questions on Binance’s Proof of Reserve audit report
In Binance’s opinion, an audit offers proof of customer money reserves. However, its auditor would not attest to the strategy or the reserves Binance requests, according to recent allegations. This de...
Bybit joins trend, releases Merkle Tree-verified proof of reserves
The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe. On Dec. 12, it announced that it has launched a Merkle Tree-based pro...
Bank of England Seeks Proof of Concept Wallet For CBDC
51 mins ago | 2 mins read Altcoin News The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. The proof-of-concept was given a budget of £244,500 (around $244,500). Proo...
Binance Shows ‘Proof’ It Has All Your Bitcoin — Critics Aren’t Sold
Binance sought to quell concerns over its solvency with a “proof of reserve” report last week, but industry insiders and other pundits say the figures don’t do enough. The top crypto exchange by trade...
NFT Project SATO’s Proof all set to recover 1132 hacked BTC
Recently, the Twitter account “Where is my 1132 BTC” has received a lot of attention, describing the incident of 1132 BTC lost by hacking in a large centralized exchange Binance in 2018. Following the...
Binance Proof of Reserve Report Revealed Warning Signals
8 seconds ago | 2 mins read Exchange News Binance’s total assets or total liabilities are not included in the Mazars report. Agreed-upon procedures engagement is not an audit. Despite the world’s larg...
Bank Of England Accepts CBDC Wallet “Proof Of Concept” Applications
The bank stipulates that the wallet must be capable of performing fundamental functions such as exchanging currency and requesting payments, and has fixed its price at close to $255,000. The Bank of E...
Bank of England opens applications for ‘proof of concept’ CBDC wallet
The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a Central Bank Digital Currency (CBDC). On Dec. 9, the BOE posted a request for applications on the Uni...
Kraken’s CEO Slams Binance’s Proof Of Reserves System Even After “Merkle Tree Audit” ⋆ ZyCrypto
Advertisement     Day’s after publishing the so-called Proof-Of-Reserves, Binance released a new report on Wednesday showing that its customer’s Bitcoin reserves are o...
Another Major Exchange Provides Proof of Reserves After Binance
Join Our Telegram channel to stay up to date on breaking news coverage To demonstrate that the cryptocurrency exchanges are backing investor assets 1:1, two cryptocurrency exchanges this week produced...