CryptoQuant says Binance’s recently released Proof-of-Reserves report “makes sense” when compared with on-chain data. Binance’s Bitcoin Liabilities In Proof-Of-Reserves Report Are Consistent With On-C...
Tag: ProofofReserves
Kraken Founder Jesse Powell Says Binance Has ‘Big Red Flag’, Criticizes Recent Proof-of-Reserves Report
Kraken founder Jesse Powell is criticizing Binance’s proof-of-reserves report as increased scrutiny of the finances of crypto exchanges circulates through the industry. Responding to former U.S. Secur...
Bybit bets on transparency with cryptographic proof-of-reserves
Cryptocurrency exchange Bybit released a Merkle tree proof-of-reserves (PoR), in a joint bid by centralized crypto service providers to regain the community’s trust lost after the fall of FTX. In a De...
Crypto.com has released Proof-of-Reserves – The Cryptonomist
Crypto.com has joined all crypto-exchanges that now have their Proof-of-Reserves, releasing the results. Crypto.com and the results of its Proof-of-Reserves Cryptocurrency exchange Crypto.com announ...
Binance’s proof-of-reserves raises red flags: Report
Binance’s efforts to improve transparency of its reserves also exposed red flags in the crypto exchange’s finances, according to accounting and financial specialists consulted by The Wall ...
Bybit becomes latest crypto exchange to announce proof-of-reserves
A Singapore-based crypto trading platform Bybit has announced it has made available a proof-of-reserves (PoR) page to reassure its customers that it’s a trustworthy company. The proof-of-reserves is v...
Binance proof-of-reserves audit shows BTC is overcollaterised
A report by global audit and advisory company Mazars proves that Binance’s Bitcoin reserves are overcollateralised. Confirmation of overcollateralisation The world of cryptocurrencies is rapidly chang...
Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed
However, the report is not an official audit, but a “matching exercise based on information provided by the client about on-chain addresses of assets and a client database of customer balances,&...
Crypto consumer protection, proof-of-reserves bills introduced into US Congress
United States Representative Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require they disclose proof of ...
Audit firm Mazars to verify KuCoin’s Proof-of-Reserves
Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its Proof-of-Reserves (PoR). According to an announcement on Dec. 5, the verification will provide the...
Proof-of-Reserves Are at ‘Best Incomplete, at Worst Misleading and Deceptive’ Says Crypto Analyst Martin Hiesboeck – Interview Bitcoin News
While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous users, crypto analyst Martin Hiesboeck insists such so-called...
Binance Moves Over $2Bn in BTC As Part of a Proof-of-Reserves Audit
A significant outflow of funds belonging to Binance set off alarms in the cryptocurrency community today. According to a Tweet from Whale Alerts, the exchange pulled out more than 127,000 BTC in a sin...
Binance launched a proof-of-reserves system for bitcoin holdings. What are proof of reserves?
Crypto exchange Binance launched a new website that explains its proof of reserves system. But why did the company do it and what does it mean? Here’s a breakdown of why the term has been making its r...
Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO
The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sha...
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon – Bitcoin News
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the sna...
Binance releases proof-of-reserves system, starting with bitcoin
Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. This comes just weeks after rival exchange FTX collapsed, aft...
Crypto Exchange CoinDCX Releases Proof-of-Reserves
One of the leading Indian crypto exchanges, CoinDCX, released its Proof-of-Reserves holding. Shiba Inu (Shib) has the third-largest allocation. Sumit Gupta, the co-founder of CoinDCX, announced on Twi...
Crypto Exchange OKX Launches New Proof-of-Reserves System Allowing Users To Verify Their Assets
Crypto exchange OKX is launching a new proof-of-reserve system that enables customers to verify their digital assets. The Seychelles-based firm says the OKX Proof of Reserves (PoR) will provide a mean...
OKX publishes proof-of-reserves website with self-audit instructions
OKX, a cryptocurrency exchange, has launched a proof-of-reserves website that enables customers to audit its reserves to ensure that company is solvent. This comes at a time when cryptocurrency exchan...
OKX releases proof-of-reserves page, along with instructions on how to self-audit its reserves
Crypto exchange OKX has released a proof-of-reserves page that allows users to audit its reserves to make sure it is solvent. This comes at a time when crypto exchanges are coming under greater scruti...
Grayscale Will Not Publicize Proof-Of-Reserves, Here’s Why?
Grayscale denies to disclose Proof-of-Reserves. They discussed the situation in a tong Twitter thread. The Trust holds the largest numbers of BTC. A Big NO from Grayscale Grayscale is going against th...
Grayscale Steers Away From Proof-of-Reserves, Creating FUD
Concerns about Grayscale collapse have grown after the Bitcoin fund refused to publish its proof of reserves. A Nov. 18 Twitter thread by the investment firm failed to douse rousing fears, citing secu...
Were Binance’s Proof-of-Reserves cooked? – crypto.news
According to an analysis from a Reddit user, Binance transferred 2.7 Billion USDT to another wallet within 20 hours after their proof of reserves was published. This wallet is not listed as a Binance ...
Looking into Proof-of-Reserves of Major Exchanges
November 18, 2022, 8:54AM EST • 6 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. After the fall of FTX, the crypto community has publ...
The Proof-of-Reserves of the Kucoin exchange
KuCoin CEO Johnny Lyu announces the launch of the Merkle-tree Proof-of-Reserves to regain trust among crypto users after the panic caused by the FTX withdrawal suspension and collapse. KuCoin: Proof-...
Binance to Be ‘Guinea Pig’ for Vitalik Buterin’s Proof-of-Reserves Protocol: CZ
As the FTX collapse highlighted the urgency for more transparency among crypto exchanges, Chanpeng “CZ” Zhao said Binance is working on implementing a new proof-of-reserves protocol develo...
CZ And Vitalik Buterin Working On Proof-Of-Reserves Solution
Changpeng Zhao has revealed that his crypto exchange Binance will act as the ‘guinea pig’ for Vitalik Buterin’s Proof-of-Reserves protocol. Binance Eager To Provide Transparency Changpeng Zhao (CZ), ...
Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves – Exchanges Bitcoin News
Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said...
Vitalik Buterin and Binance Will Work on New Proof-of-Reserves Method for Exchanges
Yuri Molchan Two giants of crypto industry plan to work together to help exchanges provide transparency Contents Vitalik Buterin to join forces with Binance Binance launches recovery fund for crypto p...
Crypto.com: Experts claim proof-of-reserves may be suspicious because…
Crypto.com might have transferred from exchanges to cold wallet shortly before asset declaration Research experts claim exchange could be trading with customer funds and also be in debt Unpleasant eve...
ChainUp provides proof-of-reserves solution for crypto exchanges
Crypto exchanges will now be able to provide complete transparency as ChainUp offers its Merkle Tree Proof-of-Reserves solution. ChainUp announced on Friday that its Merkle Tree Proof-of Reserves solu...