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...
Tag: Transparency
How much bitcoin does El Salvador have? Good luck getting an answer.
El Salvador is apparently buying a bitcoin a day. But we may never know if that’s true. In fact, since making the cryptocurrency legal tender last year, the country has failed to officially decl...
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...
Bitso Creates Transparency Roadmap | Coinspeaker
Bitso recently added to a group of worldwide firms in the crypto industry, that are trying to construct an easily understandable report so that clients can interpret for themselves if the firms have t...
Huobi enhances transparency around HBTC H-Token
Huobi brings more security and transparency to its wrapped BTC token on the Ethereum mainnet. The venture has announced that it will deploy Chainlink Proof of Reserve to enhance transparency around th...
Cathy Wood’s ARK Invest trusts Grayscale despite lack of transparency: $1.7M invested – crypto.news
Ark Investment Management — the investment firm headed by Cathie Wood — bought 189,000 shares in Grayscale’s Bitcoin Trust (GBTC) on Monday. Ark’s GBTC holdings data shows that its number of shares in...
Derivative DEXes Are Banding Together To Restore User Trust
Decentralized exchanges Drift Protocol, GMX and Perpetual Protocol are partnering with Nansen to design a new analytics dashboard, hoping to restore user faith after the FTX fallout. The latest dashbo...
Why wage transparency laws create ‘the right environment’ for job candidates: Expert
Wage transparency laws have become increasingly popular in the U.S. as supporters argue that they help achieve gender and racial pay parity. According to Dave Turetsky, vice president of consulting at...
Ripple CEO Optimistic Crypto Industry Will Be Stronger After FTX Fiasco if Transparency and Trust Remain Its Focus – Featured Bitcoin News
The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of...
Bybit releases reserve wallet addresses amid calls for transparency
Crypto exchange Bybit publicly released the addresses of its largest crypto wallets on Nov. 16. This came on the heels of FTX’s collapse and calls within the industry for greater transparency. Bybit l...
Garlinghouse Says Ripple Leads In Building Transparency and Trust In Crypto
– Advertisement – Ripple CEO says the company will continue to focus on transparency and trust by solving real-world problems with blockchain solutions. Brad Garlinghouse, the CEO at Rippl...
Will these 7 exchanges’ ‘proof of reserves’ meet the call for transparency
The downfall of FTX has induced fear among investors and traders alike. Thanks to growing distrust of crypto-exchanges, a number of them have taken steps to incorporate more transparency in their oper...
Crypto.com CEO Explains How Exchange Is Different From FTX Amid Push for Reserves Transparency
Crypto.com CEO Kris Marszalek says his exchange operates differently than FTX, the digital asset trading platform that famously imploded last week. In a new interview, Marszalek says his exchange’s fo...
Crypto.com CEO Explains Huge $347,000,000 Ethereum (ETH) Transfer Amid Bid for Reserve Transparency
Crypto.com CEO Kris Marszalek has addressed a huge transfer of Ethereum (ETH) from the exchange’s wallet that was noticed by on-chain sleuths. According to Etherscan data, about 285,000 ETH worth over...
Hong Kong finance secretary to uphold crypto transparency to avoid FTX-like situations – crypto.news
Today, the finance secretary of Hong Kong, Paul Chan, has highlighted an essential play in maintaining supervision and transparency on the impediments imposed in the cryptocurrency ecosystem. Accordin...
Huobi Asset Transparency Report Reveals $3.5B in Crypto Holdings
Huobi Global, once China’s top crypto exchange, published an asset transparency report on Sunday to reassure users that its funds remain safe. As of Nov. 12, there were 191.84 million Huobi toke...
Hong Kong to avoid FTX-like scenario through transparency and supervision
Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger focus on transpa...
Huobi reports on asset transparency, totals $3.5 billion in hot and cold wallets
Huobi disclosed balance details of its hot and cold wallets, revealing a total value of about $3.5 billion. The Seychelles-based crypto exchange said it holds 32,000 bitcoins, 274,000 ether, 820...
Crypto.com Reveals $2,800,000,000 in Bitcoin and Altcoin Reserves in Bid for Transparency
The chief executive of a prominent crypto exchange is revealing some of the platform’s reserve assets in a first step towards transparency. Crypto.com CEO Kris Marszalek says that investors can expect...
Binance Commits to Transparency, Reveals $40B in Stablecoin Reserves
Binance is fully committed to transparency, according to CEO Changpeng ‘CZ’ Zhao. It has released details on its cold wallet reserves as proof. On Nov. 10, Binance boss CZ announced that the exchange ...
BlockFi halts withdrawals amid FTX crisis, Genesis Trading, Crypto.com emphasize transparency
BlockFi limits its platform activity and pauses client withdrawals amid the FTX crisis. In a Twitter post, BlockFi clarified that this is due to the lack of clarity on the FTX issue. The announcement...
Binance reveals crypto holdings as part of its commitment to transparency
Binance’s holdings add up to more than $47 billion Changpeng Zhao previously called for other crypto exchanges to do merkle-tree proof-of-reserves Binance, the world’s largest crypto exchange by marke...
Crypto.Com to Publish Its Audited Proof Of Reserves As Transparency Concerns Rock Exchanges ⋆ ZyCrypto
Advertisement     In what appears to be the new trajectory amid the downfall of giant crypto exchange FTX, Crypto.com has become the latest exchange to promise its cus...
SBF Commits to ‘Radical Transparency’ as FTX Seeks Investment Capital
FTX is spending the next week in search of liquidity, the company’s founder said Thursday morning in a Twitter thread pledging “radical transparency” as his company faces dire straits, in need of an i...
Bybit: crypto must ‘step up’ transparency efforts in FTX aftermath
Bybit, one of the world’s largest crypto exchanges, wants to see more transparency across the crypto market as the industry once again looks to emerge from another staggering episode of confidence-sup...
Crypto Platform Freeway’s Lack of Transparency Should Have Been a Red Flag
While the metaverse has not yet helped Facebook parent Meta, which missed Q3 revenue estimates for its Facebook Reality Labs (FRL) division, Deepak Chopra sees great potential for wellbeing in the vir...
Small Muni Issuers See A Potential 620% Windfall For Their Taxpayers
Currently pending before the Senate, the Financial Data Transparency Act (S. 4295 – “FDTA”) is legislation taking financial reporting by companies and municipalities to the next level. It ushers in th...
SEC Has Nothing To Do With “Transparency” When Truth Comes Out Their Shameless Behavior Will Shock Everyone
– Advertisement – Garlinghouse takes another swipe at the SEC. Brad Garlinghouse, CEO at Ripple, has taken a swipe at the Securities and Exchange Commission (SEC) for trying to deceive t...
Kevin O’Leary Believes the Stablecoin Transparency Act Will Boost BTC
Tradingview As per O’Leary, if the Stablecoin Transparency Act is passed, the BTC price will go up. The Act will probably be passed by the US Congress after the midterm elections. Kevin O’Leary, the C...
Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes – Markets and Prices Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects the price of bitcoin to go up when the Stablecoin Transparency Act passes, which he believes could be soon after the November midterm election...
Tether Eliminates Commercial Paper From Reserves in Transparency Push
Tether has completely eliminated commercial paper from its reserves. The largest stablecoin announced the milestone today in a blog post that it would replace those investments with U.S. Treasury Bill...