On-chain data shows the Binance USD (BUSD) exchange reserves have declined recently, a factor that may be behind Bitcoin’s slowdown. Binance USD (BUSD) Exchange Reserves Have Gone Down As pointed out ...
Tag: Reserves
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...
Stablecoin reserves in centralized exchanges continue to fall after FTX collapse
Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. Their growth results from the stability they offer against cryptocurrency volatility. At the momen...
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 Holds 6.09T Shiba Inu As Reserves More Than Bitcoin and Ethereum
– Advertisement – one of India’s top crypto exchanges WazirX’s PoR shows Shiba Inu accounts for the exchange’s highest cryptocurrency holdings. Cryptocurrency exchanges worldwide have cont...
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...
Binance reportedly didn’t follow procedures for BUSD reserves in 2020, 2021
Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanageme...
Circle increases reserves for USDC
The news provided by Circle itself in its latest report about the management of the fledgling reserve fund is well received by investors in both the stable USDC and the crypto world in general, who se...
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...
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes – Bitcoin News
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that i...
Circle invests 30% of its USDC reserves in US treasuries through a reserve fund
According to a disclosure page published by BlackRock, Circle has invested 30% of its USD reserves in the US Treasury via Circle Reserve Fund, which is managed by BlackRock. The value of the fund inve...
Nearly 65% of USDC reserves are held as US Treasury Bills
According to Circle’s most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. Circle held $43.4 billion in USDC reserves to back 43.23 billion USDC in cir...
Circle invests $13b, or 30% of USDC reserves, in US treasuries
BlackRock’s disclosure page reveals Circle has put 30% of its USDC reserves, equivalent to approximately $13b, on the money market fund. Circle advances on stablecoin transparency. Stablecoin USDC is...
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...
The challenge in accounting for Tether reserves
Accurately accounting for Tether’s reserves is a challenge, even (or perhaps especially) for Tether itself. Twitter user Jay Pinho recently published a website that attempts to track the value of the ...
Quantum Private Equity Scores Again, With Rumored $4.6B Sale Of U.S. Shale Gas Reserves To Japan
Drilling for gas in the Marcellus shale. AFP via Getty Images New year, new deals for $19 billion private equity shop Quantum Energy Partners and CEO Wil VanLoh. Last month Quantum portfolio company T...
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...
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...
Grayscale BTC Trust Won’t Show Proof of Reserves
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...
Proton CEO unsure of crypto, may liquidate their Bitcoin reserves
The CEO of Proton, Andy Yen, has publicly expressed his dilemma concerning the fate of cryptocurrencies. In an interview with Forbes, Andy revealed his mixed sentiments on Bitcoin. Andy Yen uncertain ...
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...
Ethereum Exchange Reserves Declined More Than 30% In 2022
On-chain data shows investors withdrew a large amount of Ethereum during 2022 as the ETH reserves have fallen by more than 30%. Ethereum Exchange Reserves Sharply Down This Year As pointed out by an a...
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...