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...
Tag: Reserves
CleanSpark mined 3,750 BTC in FY’22, BTC reserves down 40% since January
CleanSpark’s hash rate hit 6 EH/s on Dec. 21, compared to 2 EH/s on Dec. 31, 2021 — marking a 3x increase on an annual basis. The company hit its year-end goal for the hash rate and said it expects to...
The evidence of reserves from Binance raises questions: Report
Join Our Telegram channel to stay up to date on breaking news coverage According to accounting and financial experts interviewed by The Wall Street Journal, Binance’s efforts to increase the openness ...
Reuters hints at ‘dark secrets’ surrounding Binance and its reserves
Binance CEO Changpeng Zhao (CZ), who has repeatedly promised transparency, reiterated his vow in the wake of the FTX bankruptcy. However, Reuters this week accused Binance of hiding its liabilities an...
Bitfinex closes week leading Bitcoin reserves according to Glassnode
CryptoSlate analysts examined the detailed proof-of-reserves of leading crypto exchanges outside of Coinbase and Binance. It revealed that Bitfinex holds the most significant Bitcoin (BTC) reserves, w...
Binance Buys Voyager Assets Amid Heat Over Reserves
Binance Voyager Assets News: While the crypto market is still facing uncertainty around Binance reserves, the crypto exchange officially acquired Voyager assets. The top crypto exchange is going throu...
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...
The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto
The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry ne...
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...
BIS Now Allows Banks to Hold 2% of Reserves in…
A new policy by the Bank for International Settlements (BIS) will permit banks to hold 2% of their reserves in cryptocurrencies. The BIS recently issued its Prudential Treatment of Cryptoasset Exposur...
BIS Now Permits Banks To Hold 2% of Reserves in Cryptocurrency
Bitcoin News Financial institutions may now keep 2% of their reserves in crypto as per the latest policy. Effective January 1, 2025, this policy will govern defining and handling of crypto assets. The...
White House Begins Plan to Refill US Emergency Oil Reserves
(Bloomberg) — The Biden administration is making good on a plan to replenish the nation’s emergency oil reserves, starting with a 3 million barrel purchase of crude. Most Read from Bloomberg The...
CoinEx Confirms Holding 1.69T Shiba Inu in Its Reserves
– Advertisement – The Proof of Reserves (PoR) audit recently released by CoinEx showed fully-collateralized Shiba Inu reserves at a rate of 100.05%. CoinEx, a Hong Kong-based crypto exchan...
CryptoQuant verifies Binance’s reserves, reports no ‘FTX-like’ behavior
Blockchain analytics provider CryptoQuant has released a report analyzing the recently released proof of reserves audit of the world’s largest crypto exchange, Binance. Centralized exchanges have been...
Here’s How Binance’s Bitcoin and Stablecoin Reserves Compare to FTX’s Before the Collapse: Quant Analyst
The chief executive of on-chain insights platform CryptoQuant says that despite the current rumors surrounding Binance, the exchange’s stablecoin reserves still look quite different than FTX’s did pri...
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...
The Federal Reserve’s Demented ‘Dual Mandate’
Even though most adults today have lived all their lives within the floating fiat monetary system that emerged, accidentally, in August 1971, many today still probably find it rather strange that we s...
Bitcoin Falls Below $18k After Federal Reserves Announces 50bps Rate Hike
Bitcoin saw more volatility on Wednesday following a Federal Open Markets Committee meeting, during which the U.S. central bank agreed to raise its benchmark interest rate by 0.5%. The announcement, w...
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...
SBF faces 8 criminal charges; Binance reportedly has billions in undisclosed reserves
The biggest news in the cryptoverse for Dec. 13 includes the arrest of former FTX CEO Sam Bankman-Fried, the testimony of FTX’s new CEO John Ray on what led to the exchange’s failure and Binance repor...
Binance may have billions stashed in secret reserves not disclosed to public – Sources
Binance’s publicly reported reserves may only be a fraction of all the assets it holds and the exchange has “more money than it is letting on,” a source told CryptoSlate, citing people familiar with t...
Binance daily withdrawals surge over $2 billion in 24 hours amid reserves uncertainty
Cryptocurrency exchange Binance has recorded a sustained wave of withdrawals after concerns emerged regarding the state of the trading platform’s reserves. On December 12, the exchange recorded its h...
BTC, ETH reserves overcollateralized at KuCoin: Mazars.
Mazars audit on KuCoin will be covering BTC, ETH and stablecoins. Audit reports shall be available on KuCoin’s official website in a few weeks. US Senator Ron Wyden has requested KuCoin and 5 others...
Concerns over Binance’s asset reserves spur massive withdrawals
Binance, the biggest crypto exchange by trading volumes, had a deluge of withdrawal requests on Monday after the proof-of-reserves (PoR) news caused widespread panic. Nansen, a blockchain intelligence...
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...
Binance Reserves Report Dissected As Exchange Quells Concerns
Mainstream media has been on a crypto rampage this year following several high-profile company meltdowns. The Wall Street Journal has been at the forefront of some of those attacks. Its latest attempt...
Mazars Releases KuCoin’s Verification PoR Report, Concluded That BTC, ETH, USDT and USDC Reserves Are Overcollateralized
VICTORIA, Seychelles–(BUSINESS WIRE)–Global leading audit firm Mazars has released a report about KuCoin’s Proof-of-Reserves to determine the total collateralization ratio of their asset holdings. The...
Bybit crypto exchange says customers can verify its crypto reserves
Bybit has rolled out a system that will allow its customers to verify the crypto assets that the crypto exchange platform holds in its reserves, the company announced last week. The Bybit proof ...
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...
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...