sponsored Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to users that we are a full-reserve exchange, as suppo...
Tag: Reserves
The proof of reserves debacle; unbundling the facts from the fiction
Since the inception of crypto, fear, uncertainty, and doubt have been an integral part of every crypto enthusiast’s journey. The recent crypto exchanges’ bankruptcies contributed to making matters wor...
Nexo Reveals No Exposure to FTX in Recent Proof of Reserves
Following the recent turbulence within the crypto industry in the wake of FTX collapse, every other crypto firm seems to take the lesson. Otherwise what could have bothered these firms, including majo...
Tether Founder Responds To Concerns Over Not Publishing USDT Reserves
Following the crypto winter in the first half of 2022 and the collapse of the Terra ecosystem, many investors had a paradigm shift with stablecoins such as Tether. Unfortunately, too many such coins h...
Binance Hires Trump’s Former Audit Firm to verify its crypto reserves
Home/News Mazars is an international accounting firm. Its U.S. branch, Trump’s long-time accounting firm, has been entangled in controversy since 2019 over a request for his financial records by...
“Why Doesn’t Tether Publish USDT Reserves” : Founder Responds
According to a recent report, Tether, the issuer of the USDT stablecoin, has been increasingly lending its own coins to customers rather than selling them for cash. Further, it also states that, the ...
Binance employs Trump audit company to check crypto reserves
The United States branch of Mazars served as the corporation of former United States President Donald Trump’s accounting firm for a significant amount of time. In order to carry out the proof-...
Holders Confused As Only Binance Shows Holding 125M XRP As Reserves
– Advertisement – An interesting observation has left XRP holders confused. XRP Holders Confused As Only Binance Shows Holding XRP PoR on CoinMarketCap At press time, only Binance is showi...
KuCoin Holds 4.43T Shiba Inu As Reserves, Huobi 1.85T, And Bybit 366B
– Advertisement – Three more cryptocurrency exchanges disclose the number of Shiba Inu in their reserves. Following the sudden collapse of FTX, prominent cryptocurrency exchanges have co...
Binance hires audit firm that served Donald Trump to verify crypto reserves
Cryptocurrency exchange Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX. Mazars, the accounting firm that worked for former Uni...
Mazars, a global accounting firm, to verify Binance’s token reserves
Binance has appointed Mazars, the auditing firm of the former US President, Donald Trump, to carry out a public audit of Binance’s crypto asset reserves. Token Audit The sudden collapse of FTX exchang...
Proof of Reserves: A Trust Standard for Centralized Exchanges
Key Takeaways The recent FTX liquidity crisis highlighted the need for the industry to mature, and find solutions to improve transparency. Many exchanges have adopted Proof-of-Reserves, a method that ...
Jerome Powell Says Federal Reserve’s Rate Hikes Could Slow As Soon As December
Topline Stocks jumped Wednesday afternoon after Federal Reserve chair Jerome Powell indicated a reprieve from the Fed’s most aggressive interest rate hikes in four decades is on the horizon as soon as...
ApeCoin Treasury Is Gradually Selling Its Own Reserves
Arman Shirinyan ApeCoin has been losing its value on market massively, and now reason is clear The notorious ApeCoin, which has been a problem in most investors’ portfolios for weeks after a dis...
NEXO releases proof of reserves showing no exposure to FTX
Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. According to the Nov. 28 tweets, most exchanges...
FTM price movement following the reveal of millions in USD within its reserves
Fantom (FTM/USD), according to a post by André Cronje, a well-known Decentralized Finance (DeFi) developer and the author of many crypto projects, showcased a detailed insight into the project’s finan...
More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’
The biggest news in the cryptoverse for Nov. 28 includes Kraken CEO saying Binance Proof-of-Reserve is pointless without proof of liabilities, Coinbase losing Bitcoin worth $2 billion over the weeken...
FTM up 11% as Hundreds of Millions of Dollars in Fantom Reserves Are Unveiled
Gamza Khanzadaev Fantom founder unveils colossal reserves and pumps FTM price up 11% André Cronje, a well-known DeFi developer and author of many crypto projects, gave a detailed insight into the fina...
Binance moves $2 billion of bitcoin as part of reserves audit
Binance has moved 127,351 bitcoin ($2 billion) to verify to an auditor it has control over the claimed address. The transfer of such a large amount of bitcoin today from Binance to an unknown wa...
Coinbase explores proof of reserves ways, launches a developer grant program – crypto.news
Coinbase has announced that it is excited to see how far it can go in the industry with on-chain accounting and is exploring new ways to prove reserves. In addition, they announced a $500k developer g...
Kraken’s Jesse Powell Says He’ll Call Out Problems in Crypto, Weighs In on Exchanges Showing Proof of Reserves
Kraken founder and former chief executive Jesse Powell says he’s looking to publicly point out problems in the crypto space, starting with the issue of exchanges sharing their proof of reserves. Follo...
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’s ‘Proof Of Reserves’ is Pointless, Claims Kraken CEO
It’s now a couple of weeks since the infamous FTX collapse, in which the firm faced a liquidity problem and stopped processing withdrawals due to the inability to meet demand from investors and end us...
Kraken CEO Criticizes Binance’s Merkle Tree Proof of Reserves
8 seconds ago | 2 mins read Exchange News Leading exchanges have been rushing to increase market transparency. CZ said he found such interactions to be healthy for the crypto community. Kraken’s CEO, ...
Exchange reserves on CoinMarketCap – The Cryptonomist
A very recent innovation is coming to us from CoinMarketCap reverses exchange, which has decided to add a new dashboard that will track the liquidity reserves of exchanges. The tool allows users to m...
Binance Holds Over 87 Trillion Shiba Inu As Reserves
– Advertisement – Binance holds nearly $1 billion in Shiba Inu. Binance reserves per CoinMarketCap data show seven wallets holding over 87 trillion SHIB worth over $816 million in reserves...
Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless
Kraken’s CEO Jesse Powell has lashed out at Binance, calling its proof of reserves to be pointless as it lacked “proof-of-liabilities”. Following the failure of the cryptocurrency exchange FTX, it was...
Binance Unveils Merkle Tree Proof of Reserves (PoR) System
9 seconds ago | 2 mins read Exchange News Binance plans to begin rolling out this capability with Bitcoin (BTC) before expanding. The leading exchange is also working on implementing ZK-SNARKs for PoR...
Crypto Giant Binance Releases Proof of Reserves System in Push Toward Transparency
Global crypto exchange giant Binance is releasing a proof of reserves (PoR) system to increase transparency following the FTX implosion. Binance says they are committed to disclosing proof of reserves...
Binance publishes official Merkle Tree-based proof of reserves
Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement o...
Binance publishes BTC proof of reserves to provide more transparency on customer funds
Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on-chain reserves of over 582,000 BTC — 1% higher tha...
Binance Publishes Proof of Reserves System For BTC, More Assets to Follow ⋆ ZyCrypto
Advertisement     Today Binance released its first Merkel Tree Proof of Reserves (PoR) system as a show of its commitment towards transparency following the collapse o...