Join Our Telegram channel to stay up to date on breaking news coverage To demonstrate that the cryptocurrency exchanges are backing investor assets 1:1, two cryptocurrency exchanges this week produced...
Tag: Reserves
Crypto.com Releases Proof of Its Reserves As Digital Asset Sector Reckons With Post-FTX Suspicion
As the shell-shocked crypto sector continues to reckon with the shrapnels of FTX’s implosion, more exchanges have been attempting to prove their reserves can withstand the types of bank runs that drag...
CryptoCom Releases Proof of Reserves Showing Users’ Assets Are Fully Collateralized
Digital asset services provider CryptoCom has released its audited proof of reserves (PoR) data showing a fully backed balance sheet. The PoR is part of an ongoing effort among centralized exchanges (...
Audit shows Crypto.com has enough Bitcoin reserves
Singapore-based crypto exchange Crypto.com has released the results of an audit on its proof-of-Reserves (PoR), showing it holds enough digital assets to cover customer balances. Crypto.com’s reserve ...
Crypto.com releases proof-of-reserve data; here’s where BTC, ETH reserves stand
Crypto.com released proof-of-reserves data on 9 December Following the FTX debacle, most exchanges have had to reveal their proof-of-reserve exchanges Singapore-based crypto exchange Crypto.com relea...
Crypto.com Becomes Latest Exchange To Provide Proof Of Reserves
The collapse of FTX saw a major push for transparency in the crypto space, leading several exchanges to disclose proof of reserves. Crypto.com has become the latest exchange to provide its proof of r...
December 2022: What top exchanges published Proof of Reserves so far
FTX went from one of the cryptocurrency exchanges to filing for bankruptcy within a span of a few days. The crypto world was shocked and disappointed after the crash, and more than 1 million FTX users...
Crypto.com releases proof of reserves, showing above 100% for BTC, ETH
Crypto.com has released an audited proof-of-reserves page, showing that the exchange has enough crypto assets to back its liabilities to customers, according to a Dec. 9 statement on the exchange’s we...
Crypto.com Releases Data to Assure Clients It Holds One-to-One Reserves
Digital asset exchange Crypto.com today released a proof of reserves study in support of its ability to cover client balances. In a Friday statement, the Singapore-based platform said it used interna...
Crypto.com Releases Proof of Reserves Attested by Mazars Group
15 seconds ago | 2 mins read Exchange News It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 m...
Crypto.com releases its proof of reserves verified by Mazars Group
Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek,...
After Binance, CryptoCom Reveals Proof of Reserves
CryptoCom is the latest exchange to provide proof of reserves amid soaring demand for industry transparency stemming from FTX’s collapse. The audit found that its customers’ balances for multiple top...
CZ Binance Spats With SBF, Crypto Markets Go Back and Forth, More Proof of Reserves: This Week’s Recap
With certain slight exceptions, the cryptocurrency market is found more or less where it was during the same time last week. The total capitalization sits at around $890 billion, according to data fro...
CryptoCom Releases Fully Audited Proof of Reserves, With XRP Reserve Ratios of 101% and SHIB 102%
– Advertisement – The recent proof of reserves from Crypto.com is meant to assure clients that their assets on the exchange are backed at a 1:1 ratio. Crypto.com, a leading Singapore-bas...
WazirX to share Proof of Reserves with the public
WazirX, the Indian crypto exchange, has said that it is currently working with a third-party vendor to conduct an audit of its reserves, which will provide a proof of its holdings. 📢 Update on Proof O...
Crypto.com releases proof of reserves study conducted by Mazars
Crypto.com released a proof of reserves study it says enables users to verify that their assets are fully backed. The process was conducted by Mazars Group, which compared assets held in an on-c...
Coinbase Questions Tether Reserves, Aks Users To Switch
Let the stablecoin war begin! In a controversial move, leading American exchange Coinbase has urged its users to switch their Tether (USDT) to USD Coins (USDC). In a blog post titled “Switch to the tr...
Binance Proof of Reserves Audit Reveals Overcollaterized Assets
Binance’s first proof of reserves (PoR) audit report reveals that the company had sufficient assets for mass customer withdrawals and that customers had put up enough margin to collateralize leveraged...
Mazars says users’ BTC reserves on Binance are fully collateralized
South African auditor Mazars confirmed on Dec. 7 that cryptocurrency exchange Binance possessed control over 575,742.42 Bitcoin (BTC) of its customers, worth $9.7 billion at the time of publication. M...
Binance’s Bitcoin reserves are sufficient, auditor says
Binance, the world’s major crypto exchange by trading volume, released the results of its Bitcoin reserves audit. Its assets were reportedly “in excess.” In a recent tweet, Binance announced that it w...
Binance auditor confirms reserves, 3AC founders subpoenaed, and Crypto Twitter drama
The biggest news in the cryptoverse for Dec. 6 includes Polygon co-founder hitting back against ‘jealous’ competition, Crypto.com CEO addressing ‘FUD,’ Binance auditors confirming Bitcoin reserves, an...
Binance Shares Bitcoin Proof of Reserves Audit Report
9 seconds ago | 2 mins read Exchange News Binance announced on Twitter that it is collaborating with Mazars. The crypto exchange had its reserves and liabilities verified on November 22, 2022. In an e...
Binance Bitcoin Proof Of Reserves Audit Report Out Now
Binance, the world’s largest cryptocurrency exchange recently revealed the crucial details of its hot and cold wallet addresses in order to ensure the users. The exchange also promised to share the Me...
Top Auditing Firm Finds Binance’s Bitcoin (BTC) Reserves Collateralized by More Than 100%
Crypto exchange giant Binance has enough reserves to back its users’ Bitcoin (BTC), according to global auditing firm Mazars. The auditing report comes after Binance announced a commitment to increasi...
BNB and BUSD sway holders with proof of reserves
Advertisement     Cryptocurrency can be very beneficial for holders as it can potentially give them high yields due to its volatility and decentralized nature. In addi...
Binance’s Bitcoin Reserves Are Overcollateralized, New Report Says
Binance, the world’s largest crypto exchange by trading volume, released a new report on Wednesday from global financial audit, tax and advisory firm Mazars showing that Binance’s customer bitco...
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years – Bitcoin News
Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during ...
Binance’s Bitcoin Reserves Are 101% Backed, Confirms Auditor
An independent global auditor has confirmed that all Bitcoin circulating on Binance – the world’s largest crypto exchange – is fully accounted for. The audit allows any user of the exchange to confirm...
Binance’s bitcoin reserves are collateralized 101% according to Mazars audit
Global auditor Mazars today concluded that crypto exchange Binance’s bitcoin reserves are fully collateralized, following a proof-of-reserves and proof-of-liabilities verification. The col...
KuCoin Hires Mazars to Audit its Proof of Reserves
The Chief Executive Officer of KuCoin quoted that auditing PoR is the next step to providing transparency. KuCoin is among the top five best crypto exchanges globally and was founded by Michael Gan a...
Bitget announces its Proof of Reserves
Bitget has announced its Merkle Tree Proof of Reserves to improve transparency with its users. Assets are backed with a minimum 1:1 reserve ratio. Bitget and new Proof of Reserves page to allow users ...
Bitget shares Merkle Tree Proof of Reserves to enhance transparency
Users’ assets safeguarded with at least a 1:1 reserve ratio Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to u...