An independent analyst has confirmed that GBTC owns approximately 633,000 Bitcoin held by its custodian – Coinbase Custody. This comes as Grayscale, the asset manager running the world’s largest bitco...
Tag: Reserves
Binance releases proof-of-reserves system, starting with bitcoin
Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. This comes just weeks after rival exchange FTX collapsed, aft...
CoinDCX Reveals Assets Worth $124M Under Proof of Reserves
On November 24, the cryptocurrency exchange CoinDCX, which is backed by Coinbase, published its proof-of-reserves in cooperation with Nansen. This came amid an increased desire from cryptocurrency inv...
Coinbase Reveals Reserves of 2,000,000 BTC Worth Over $33,000,000,000
Crypto exchange giant Coinbase is revealing the amount of Bitcoin (BTC) in its reserves in a bid to be more transparent following the downfall of collapsed rival FTX. In a series of tweets, Coinbase C...
OKX releases proof-of-reserves page, along with instructions on how to self-audit its reserves
Crypto exchange OKX has released a proof-of-reserves page that allows users to audit its reserves to make sure it is solvent. This comes at a time when crypto exchanges are coming under greater scruti...
Crypto Exchange OKX Releases Proof of Reserves For Gaining Trust
46 seconds ago | 2 mins read Exchange News Users may verify the exchange’s funds in two ways, both of which are detailed. The exchange has also included two help file papers that detail how to audit t...
Firm Wraps Up Proof Of Reserves
While there are still no details on a possible rescue of Genesis Trading, there is at least apparently some positive news regarding Grayscale Bitcoin Trust (GBTC). Ryan Selkis, co-founder of Messari s...
Bitfinex’s reserves are 91% Bitcoin, Ethereum
According to data shared by crypto influencer John Brown, 91% of Bitfinex exchange’s reserves are Bitcoin (BTC) and Ethereum (ETH). Coinbase follows Bitfinex as a close second by having 63% of its res...
High Quality Reserves, Audits, and Regulation – Sponsored Bitcoin News
sponsored What is BUSD? Recently, there have been many questions about the safety and soundness of products in the crypto space. There have been many questions about stablecoins in general, so this pi...
Do Crypto Exchange Reserves Overly Rely on Their Own Tokens?
Crypto exchange reserves have been cast into the spotlight following the FTX collapse. The composition of those reserves has also come into question. Crypto exchanges have been clamoring to release th...
Coinbase CEO Assures Fully Backed Bitcoin Reserves, CZ Deletes Doubtful Tweet
Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ). Binance’s CEO...
Kucoin On The Spot For Holding Nearly One-Fifth Of Its Reserves In Its KCS Token ⋆ ZyCrypto
Advertisement     In the mad rush to calm worried investors and prevent bank runs following the sudden collapse of FTX, crypto exchanges and lending firms have been pu...
Binance tops Bitcoin reserves as it sets new ‘target’
Binance, the world’s largest crypto-exchange, wants to expand even further and plans to bring in 600 new people by the end of the year. The company hopes to have 8,000 employees by the time 2023 rolls...
Bitcoin Reserves: Binance Clinches Top Spot
With more assets moving into Binance, market sentiments may suggest that investors believe Binance to be safe. Cryptocurrency exchange Binance has become the largest bitcoin reserves holder, beating C...
What are Crypto Reserves and How to know how much is available?
Transparency is a topic that is being highly discussed currently in the crypto market. Several crypto exchanges crashed as they did not properly disclose how many reserves they had. The latest FTX cra...
Sam Bankman-Fried’s Crumbling FTX Empire Holds $1.2B Cash Reserves
About $751 million of that is held in debtor entities and the rest, $488 million, is in non-debtor entities, according to the document, filed on Monday by FTX’s proposed financial advisor, Alvar...
FTX Auditor Is Pioneering Proof of Reserves
As FTX customers lament their missing funds, other major crypto exchanges including Kraken, Gate.io, Ledn and Nexo are taking steps to verify their holdings. But each of these companies share somethin...
FTX took $3.7B loss in 2021; Coinbase reveals Grayscale Bitcoin reserves
The biggest news in the cryptoverse for Nov. 21 includes FTX’s call to other exchanges to expect and prevent hacker cash outs, Coinbase disclosing Grayscale’s 635,000 Bitcoin reserve, and Bank of Engl...
Coinbase clears the air about Grayscale’s Proof of Reserves
Grayscale Investment admitted last Friday that investors of its cryptocurrency investment products are becoming more inquisitive about the safety of the assets. Not surprisingly, this follows the stor...
SEC’s Fault In Grayscale (GBTC) Bitcoin Proof Of Reserves Issue?
Grayscale Proof Of Reserves: Grayscale Investments, the world’s largest crypto asset manager, is facing backlash from the crypto community for not revealing its proof of reserves. Meanwhile, industry ...
Grayscale Withholds Proof Of Reserves
Crypto hedge fund Grayscale has refused to follow the trend of disclosing proof of reserves, citing security concerns. No Proof Of Reserves From Grayscale The billion-dollar asset management firm has...
The Community Traces 317K BTC As It Attempts To Identity Grayscale Reserves
– Advertisement – The community takes things into its hands as Grayscale refuses to provide proof of Reserve. @ErgoBTC, AKA Ergo, a blockchain researcher with OXT Research, disclosed findi...
Binance Leads BTC Reserves; How Does This Affect Bitcoin Price?
The Bitcoin price has been making lower highs as macroeconomic uncertainty looms over the broader cryptocurrency market. Macroeconomic uncertainty, exchange wars, and investor indecision continue to s...
Binance With Largest Bitcoin Reserves
The past couple of weeks has undoubtedly stirred the pot when it comes to cryptocurrencies stored on centralized exchanges. CryptoPotato recently reported that upwards of $8 billion worth of crypto wa...
Asia’s Bitcoin supply records new ATH while US, EU reserves shrink
Asia’s Bitcoin (BTC) supply reached its all-time high (ATH) and currently accounts for 7.3% of all Bitcoin supply, while the U.S. and E.U. Bitcoin reserves are in negative year-over-year supply. Asia ...
Buterin Discusses Proof of Reserves and What the Future Holds
Following the crash of FTX, the need for crypto exchanges to regain users’ confidence is high on the list of priorities of many stakeholders, including Ethereum co-founder Vitalik Buterin who has publ...
Crypto Giant Grayscale Says Providing On-Chain Proof of Reserves Threatens Its Clients’ Security
Crypto asset management giant Grayscale says it doesn’t want to provide precise on-chain proof of its reserves because of security risks. Since the revelations that former crypto exchange FTX was mish...
Grayscale Says No To Proof of Reserves
The cryptocurrency industry was built on top of one slogan: “don’t trust, verify.” But Grayscale is different from the rest of the cryptocurrency-related businesses. In a recent Twitter thread ponderi...
Investors: Federal Reserve’s Inflation Fight Moves From ‘Passive’ To ‘Active’ Tightening
Fed Chair Jerome Powell Delivers Semiannual Monetary Report At Senate Hearing on June 22, 2022 in … [+] Washington, DC (Photo by Win McNamee/Getty Images) Getty Images The Federal Reserve’...
Grayscale Says No To Proof Of Reserves For Security Concerns
After the collapse of crypto giant FTX, crypto exchanges are rushing to audit their reserves under the influence of CZ, CEO of Binance, who first floated the idea of Proof-Of-Reserves. However, there...
Grayscale won’t share proof of reserves, citing ‘security concerns’
Crypto investment firm Grayscale won’t show proof of reserves after bitcoin and ether products fall to new all-time lows. “Due to security concerns, we do not make such on-chain wallet inf...
Grayscale cites security concerns for withholding on-chain proof of reserves
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products ci...