It’s now a couple of weeks since the infamous FTX collapse, in which the firm faced a liquidity problem and stopped processing withdrawals due to the inability to meet demand from investors and end us...
Tag: proof
Kraken CEO Criticizes Binance’s Merkle Tree Proof of Reserves
8 seconds ago | 2 mins read Exchange News Leading exchanges have been rushing to increase market transparency. CZ said he found such interactions to be healthy for the crypto community. Kraken’s CEO, ...
Binance CEO “CZ” Reveals Wallet Transparency To Answer “Proof Of Reserve” Jab
After some crypto leaders claimed Binance’s “proof of reserves” as pointless, Binance CEO Changpeng “CZ” Zhao stated Merkle Tree-based proof of reserve as “healthy checks.” Binance CEO in a blog on Sa...
Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless
Kraken’s CEO Jesse Powell has lashed out at Binance, calling its proof of reserves to be pointless as it lacked “proof-of-liabilities”. Following the failure of the cryptocurrency exchange FTX, it was...
Binance Unveils Merkle Tree Proof of Reserves (PoR) System
9 seconds ago | 2 mins read Exchange News Binance plans to begin rolling out this capability with Bitcoin (BTC) before expanding. The leading exchange is also working on implementing ZK-SNARKs for PoR...
Crypto Giant Binance Releases Proof of Reserves System in Push Toward Transparency
Global crypto exchange giant Binance is releasing a proof of reserves (PoR) system to increase transparency following the FTX implosion. Binance says they are committed to disclosing proof of reserves...
Binance publishes official Merkle Tree-based proof of reserves
Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement o...
Binance publishes BTC proof of reserves to provide more transparency on customer funds
Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on-chain reserves of over 582,000 BTC — 1% higher tha...
Binance Publishes Proof of Reserves System For BTC, More Assets to Follow ⋆ ZyCrypto
Advertisement     Today Binance released its first Merkel Tree Proof of Reserves (PoR) system as a show of its commitment towards transparency following the collapse o...
Analyst Confirms GBTC’s 633K Bitcoin Claim Despite Grayscale’s Reluctance to Share Proof of Reserves
An independent analyst has confirmed that GBTC owns approximately 633,000 Bitcoin held by its custodian – Coinbase Custody. This comes as Grayscale, the asset manager running the world’s largest bitco...
CoinDCX Reveals Assets Worth $124M Under Proof of Reserves
On November 24, the cryptocurrency exchange CoinDCX, which is backed by Coinbase, published its proof-of-reserves in cooperation with Nansen. This came amid an increased desire from cryptocurrency inv...
Indian Crypto Exchange CoinDCX Releases Proof of Reserve
Bitcoin, Ethereum, Shiba Inu, Matic, and ADA tokens are among its most valued assets. CoinDCX will work with CoinMarketCap to launch the latter’s new proof-of-reserves tracker. Coinbase-backed cryptoc...
Crypto Exchange OKX Releases Proof of Reserves For Gaining Trust
46 seconds ago | 2 mins read Exchange News Users may verify the exchange’s funds in two ways, both of which are detailed. The exchange has also included two help file papers that detail how to audit t...
Firm Wraps Up Proof Of Reserves
While there are still no details on a possible rescue of Genesis Trading, there is at least apparently some positive news regarding Grayscale Bitcoin Trust (GBTC). Ryan Selkis, co-founder of Messari s...
Bit.com and its Solution – Proof of Solvency
Bit.com exchange has come up with proof of solvency amidst the chaos created by the fall of FTX. The fall of the FTX exchange created ripples in the cryptocurrency industry. The cryptocurrency behemot...
FTX Auditor Is Pioneering Proof of Reserves
As FTX customers lament their missing funds, other major crypto exchanges including Kraken, Gate.io, Ledn and Nexo are taking steps to verify their holdings. But each of these companies share somethin...
Breaking!! Here’s How Celsius Customers Can Submit A Proof Of Claim
Celsius’s Bankruptcy Crisis Celsius was a fintech platform that provides borrowing, digital and fiat payments, and interest-bearing savings accounts. In June 2022, it filed for bankruptcy. According ...
Coinbase clears the air about Grayscale’s Proof of Reserves
Grayscale Investment admitted last Friday that investors of its cryptocurrency investment products are becoming more inquisitive about the safety of the assets. Not surprisingly, this follows the stor...
SEC’s Fault In Grayscale (GBTC) Bitcoin Proof Of Reserves Issue?
Grayscale Proof Of Reserves: Grayscale Investments, the world’s largest crypto asset manager, is facing backlash from the crypto community for not revealing its proof of reserves. Meanwhile, industry ...
Grayscale Withholds Proof Of Reserves
Crypto hedge fund Grayscale has refused to follow the trend of disclosing proof of reserves, citing security concerns. No Proof Of Reserves From Grayscale The billion-dollar asset management firm has...
Grayscale’s decision to withhold proof of reserve data could mean this for BTC
Grayscale’s recent statements puts Bitcoin at risk of another crash or subdued performance BTC drops below $16,000 for the first time in two years The FTX crash was a wakeup call for exchanges and cry...
Buterin Discusses Proof of Reserves and What the Future Holds
Following the crash of FTX, the need for crypto exchanges to regain users’ confidence is high on the list of priorities of many stakeholders, including Ethereum co-founder Vitalik Buterin who has publ...
Crypto Giant Grayscale Says Providing On-Chain Proof of Reserves Threatens Its Clients’ Security
Crypto asset management giant Grayscale says it doesn’t want to provide precise on-chain proof of its reserves because of security risks. Since the revelations that former crypto exchange FTX was mish...
Grayscale Says No To Proof of Reserves
The cryptocurrency industry was built on top of one slogan: “don’t trust, verify.” But Grayscale is different from the rest of the cryptocurrency-related businesses. In a recent Twitter thread ponderi...
Grayscale Says No To Proof Of Reserves For Security Concerns
After the collapse of crypto giant FTX, crypto exchanges are rushing to audit their reserves under the influence of CZ, CEO of Binance, who first floated the idea of Proof-Of-Reserves. However, there...
Grayscale won’t share proof of reserves, citing ‘security concerns’
Crypto investment firm Grayscale won’t show proof of reserves after bitcoin and ether products fall to new all-time lows. “Due to security concerns, we do not make such on-chain wallet inf...
Grayscale cites security concerns for withholding on-chain proof of reserves
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products ci...
Proof of Reserves Isn’t a ‘Panacea’ for Future FTX-Like Collapses, Industry Leaders Caution
In response to FTX’s recent shocking demise, cryptocurrency exchanges across the industry from Binance to Crypto.com are pledging to display proof of reserves as a way to boost transparency. The...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
COP27: Leading Technology Companies Launch “Ethereum Climate Platform” Initiative to Address Ethereum’s Former Proof of Work Carbon Emissions
Partners include a still growing list of prominent stakeholders from the Web3 ecosystems, as well as civil society leaders. Convened by ConsenSys and climate tech firm Allinfra, this collective will e...