what is fractional reserve banking Most large economic systems today use fractional reserve banking to stabilize and grow their economies. With factional reserve banking, banks can lend out deposits w...
Tag: Reserve
Tether Co-founder Defends USDT Reserve Claims Post FTX Collapse
9 seconds ago | 2 mins read Altcoin News Reeve Collins addressed the claims in an appearance on CNBC’s SquawkBox. Tether has periodic audits conducted for government agencies as per Reeve. The company...
Federal Reserve chairman announces rate hike moderation
Federal Reserve chairman Jerome Powell said that “it makes sense to moderate the pace of our rate increases” since the economy is approaching “the level of restraint that will be sufficient to bring i...
Reserve Bank of India’s crypto alternative is here: How can one use the e-Rupi?
The Reserve Bank of India (RBI) has launched a pilot program for its new digital currency, the e-Rupi. This will be a digital version of the Indian native currency. RBI’s initiative is to establish an...
Reserve Bank of India Announces CBDC Pilot Launch in 4 Cities
40 seconds ago | 2 mins read Altcoin News The central bank will include an additional nine cities and four other institutions later. Participants in the trial will be limited to a select set of consum...
How Proof Of Reserve Works?
The phrase “Proof of Reserve” originated as a result of the failure of cryptocurrency exchange FTX. According to statements made by Changpeng Zhao, CEO of Binance, on November 9, “all crypto exchanges...
Dai Stablecoin issuer MarkDAO votes to remove Alameda’s renBTC from its reserve – crypto.news
MarkDAO, the DAI stablecoin issuer, passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what it described as a risky asset. The contagion effect of the F...
MakerDAO Removes Alameda-linked renBTC As Reserve Collateral
MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. The move comes after the team at Ren stated that th...
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...
MakerDAO votes 100% to remove Alameda’s renBTC from Dai reserve
MakerDAO governance community has agreed to remove renBTC, the Bitcoin token issued by Alameda Research’s Ren Protocol, as a collateral asset for the decentralized stablecoin, Dai. Maker to offload re...
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...
ETH Back Above $1,200, as Federal Reserve Set to Pivot Policy – Market Updates Bitcoin News
Ethereum moved back above $1,200 on Thursday, as markets continued to react to the latest Federal Open Market Committee (FOMC) minutes. Yesterday’s report hinted that the U.S. Federal Reserve could pi...
The Reserve Bank of India to launch a retail CBDC pilot in December
Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch ...
Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’ – Coinotizia
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.” Stating that the “Entire notion of crypto is non...
Binance Overtakes Coinbase As Largest Bitcoin Reserve Holder
As per recent reports, crypto giant Binance has now become the largest Bitcoin reserve holder for the first time ever. An “exchange reserve” is an indicator that indicates the total quantity of Bitcoi...
Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’ – Regulation Bitcoin News
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.” Stating that the “Entire notion of crypto is non...
Binance Surpasses Coinbase To Become Largest Bitcoin Reserve Holder
Data shows Binance has now surpassed Coinbase to become the exchange with the largest Bitcoin reserve in the market. Bitcoin Reserve Of Crypto Exchange Binance Has Shot Up Recently As pointed out by a...
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...
US Banks Are Teaming Up To Explore The Possibilities Of A Digital Dollar With The Federal Reserve ⋆ ZyCrypto
Advertisement     Several U.S. banking institutions are working on a Proof-of-Concept digital money platform that could morph into a CBDC. The financial institutions a...
Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange – Bitcoin News
While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binan...
The Federal Reserve Is Surely Not the Cause of Silicon Valley’s Swinging Ax
While the exclamation “that’s impossible” gives rise to a lot of slammed doors in the normal world of commerce, it cannot be stressed enough that the business environment in Silicon Valley is anything...
Can reserve audits avoid another FTX-like moment?
In the wake of the FTX collapse that came about as a result of the now-bankrupt cryptocurrency exchange funneling user funds to mitigate its own risks, crypto exchanges came up with a transparency sol...
Grayscale withholds on-chain reserve evidence for security reasons
Grayscale Investments, a company that sells cryptocurrency investment products, has declined to provide on-chain proof of reserves or wallet addresses in order to demonstrate the digital currency prod...
Bitcoin Reserve On Binance Sharply Rises, Whales Preparing For More Dumping?
On-chain data shows the Bitcoin reserve on Binance has been sharply going up in the last couple of days, something that could be a sign of dumping. Bitcoin Reserve On The Crypto Exchange Binance Has O...
Vitalik Stunned On Crypto.com Holding Shiba Inu As Reserve
– Advertisement – Shib Proponents Criticize Vitalik Buterin for His Shiba Inu Comments at LABITCONF. Vitalik Buterin’s Shiba Inu comments at the recent LABITCONF conference have sparked mi...
Bybit releases reserve wallet addresses amid calls for transparency
Crypto exchange Bybit publicly released the addresses of its largest crypto wallets on Nov. 16. This came on the heels of FTX’s collapse and calls within the industry for greater transparency. Bybit l...
Fact-Checking Donald Trump On The Strategic Petroleum Reserve
Former US President Donald Trump speaks at the Mar-a-Lago Club in Palm Beach, Florida, on November … [+] 15, 2022. – Donald Trump pulled the trigger on a third White House run on November ...
Federal Reserve Bank of New York Launches CBDC Pilot Program
3 hours ago | 2 mins read Altcoin News New York Innovation Center (NYIC) will participate in a proof-of-concept project. The pilot project will explore the potential of a regulated liability network ...
CEXs reserve plunges; hits lowest level since 2018 – crypto.news
Following the FTX crash, Crypto Centralized Exchanges(CEXs), are at their all-time low since November 2018. FTX crisis floors centralized exchanges In the wake of the FTX crisis affecting several cryp...
CryptoQuant CEO Says Crypto.com’s Shiba Inu (SHIB) Reserve Decreased 16% In 12 Months
– Advertisement – CryptoQuant CEO shed light on Crypto.com Shiba Inu holdings in the past year. Days after Crypto.com revealed that it holds 20% of its reserve in Shiba Inu, a prominent cr...
Let’s Actually Commit to Proofs of Reserve This Time, Okay?
Let’s be clear. A PoR wouldn’t have “stopped” FTX, Quadriga, or Mt Gox. All three were insolvent for long periods of time, due to either fraud or hacks. But in a world where PoR is normalized, their r...
Crypto.com CEO Explains Huge $347,000,000 Ethereum (ETH) Transfer Amid Bid for Reserve Transparency
Crypto.com CEO Kris Marszalek has addressed a huge transfer of Ethereum (ETH) from the exchange’s wallet that was noticed by on-chain sleuths. According to Etherscan data, about 285,000 ETH worth over...