Reserves Financial News

07.03 / 17:55

business Blockchain Binance reserves Binance adds 11 tokens to PoR, claims $63B in reserves

According to an announcement on Mar. 7, cryptocurrency exchange Binance has added an additional 11 tokens to its proof-of-reserves (PoR) report. These include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. With the latest update, Binance says it now has over $63 billion across 24 assets in its proof-of-reserves system. The largest assets on the exchange include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with $12.7 billion, $7.1 billion, and $16.3 billion in net customer balances, respectively.

27.02 / 17:51

Blockchain Provident Future CEX reserves OKX: Proof of Reserves is Future of CEX industry

It's opening morning at London's Blockchain Economy Summit - the UK's largest gathering of crypto and blockchain companies. And Centralised Exchanges are a hot topic.

24.02 / 22:11

business Stablecoin Circle Banks reserves FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC) — a move the companies said would promote financial inclusion and digital literacy in the greater Atlanta area.

23.02 / 23:39

business Blockchain testing MEXC reserves MEXC Global publishes proof of reserves after month long testing

On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot after 45 days of testing. In a document seen by Cointelegraph, MEXC claimed its reserve ratios for Tether (USDT), USD Coin (USDC), Bitcoin (BTC), and Ethereum (ETH) were 120.70%, 240.18%, 116.50%, and 110.53%, respectively via the Merke Tree method.

14.02 / 16:15

Blockchain Binance SEC CEO Action Paxful reserves How Circle alerted the NYDFS about Binance’s insufficient reserves

Circle may have a hand in the recent regulatory crackdown on Paxos and Binance [BNB]. The USD Coin [USDC] issuer reportedly filed a complaint against Binance in 2022. In doing so, it alerted the New York Department of Financial Services towards the mismanagement of reserves that backed the tokens issued by the world’s largest crypto exchange.

14.02 / 01:25

regulation Circle Paxos NYDFS Binance USD reserves Circle blew the whistle on Binance reserves to NYDFS: Report

New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.

10.02 / 22:51

business Blockchain Technology Web3 security reserves zk Binance upgrades proof-of-reserves verification to include zk-SNARKs

On Feb 10, cryptocurrency exchange Binance announced a major upgrade to its proof-of-reserves verification system, saying it would now incorporate zk-SNARKs — a cutting-edge technology Binance reports will allow it to verify its reserves in a more secure, transparent manner.

10.02 / 19:53

Blockchain Binance Microsoft PayPal Gaming reserves zk Today in Crypto: PayPal Held $604M in Crypto on Dec. 31, Microsoft Fired its Metaverse Team, Binance Incorporated zk-SNARKs into its Proof-of-Reserves Verification

09.02 / 15:17

business Stablecoin regulation Tether reserves Tether assets exceed liabilities in new reserves report by BDO

Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO.

20.01 / 14:55

UPS Ethereum Binance USDT Platform Assurant Bitcoin reserves OKX Publishes 3rd Proof of Reserves Report, Shows it Holds None of its Native Token as Collateral

Crypto-exchange OKX has released its third monthly proof-of-reserves (PoR) report, confirming that all its reserves are held in bitcoin, ethereum and USDT. This also means that none are held in its native token OKB, with OKX claiming that it has the largest ‘clean’ asset reserves of any major exchange, equivalent to around $7.5 billion.

19.01 / 23:59

business OKX Bitcoin reserves OKX declares $7.5B in liquid assets in proof-of-reserves report

Crypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether (ETH) and Tether (USDT) as part of its monthly proof-of-reserves (PoR) report. Based on data from blockchain analytics firm CryptoQuant, OKX claims to have the “largest clean asset reserves among major exchanges.”

11.01 / 19:01

Binance WazirX Holdings reserves WazirX Releases Proof of Reserves, Around 20% of Holdings are in Shiba Inu

Indian crypto exchange WazirX has released its Proof of Reserves (PoR), sharing wallet addresses and digital asset holdings. Notably, Shiba Inu accounts for the largest proportion of assets on the exchange as over 19% of its holdings are in the form of the meme coin.

11.01 / 15:41

business Blockchain Binance reserves WazirX releases proof of reserves with majority of funds in Binance wallets

After the paranoia and turmoil in the crypto industry caused by the FTX liquidity and bankruptcy scandal, major digital-asset service providers in the space began publicizing their reserve funds.

05.01 / 00:11

business Blockchain Technology Cake DeFi reserves Cake DeFi publishes Merkle tree-based Proof of Reserves

Singapore-based decentralized finance (DeFi) services firm, Cake DeFi, has announced the release of its Proof of Reserves using the cryptographically-audited Merkle tree method.

31.12 / 07:11

Blockchain Provident regulation reserves NOT Proof of reserves is becoming more effective, but not all its challenges are technical

Proof of reserves (PoR) has gone from a buzzword to a roar in recent weeks as the crypto world tries to recover from the shock and losses of the current crypto winter. After a flurry of discussion and work, criteria and rankings for adequate PoR are beginning to appear, but the fine points of how to conduct proof of reserves, or even who should do it, remain open questions.

30.12 / 11:59

Blockchain Kraken BitMEX Bitcoin reserves Nic Carter dives into proof-of-reserves, ranks exchange attestations

Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most prominent crypto trading platforms in the space.

26.12 / 22:47

Blockchain How to Crypto reserves What are proof-of-reserves audits, and how do they work?

With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are working to establish the structures and controls that are most effective for particular markets and offerings.

23.12 / 21:27

business SEC OKX reserves Crypto exchange OKX releases second proof of reserves

Crypto exchange OKX has released its second proof of reserves (PoR) on its website, only a month after releasing its first one.

16.12 / 23:53

BTC Twitter Binance CryptoQuant reserves audit CryptoQuant's Audit of Binance Reveals No 'FTX-Like' Behavior in Proof-of-Reserves

An on-chain audit of Binance by the blockchain analytics firm CryptoQuant has concluded that Binance’s reserves of bitcoin (BTC) and other major coins “are not showing ‘FTX-like’ behavior at this point.”

16.12 / 14:13

Binance Bitcoin reserves Binance proof-of-reserves removed from the auditor's site

Crypto exchange Binance has seen its proof-of-reserve (PoR) audits removed from the auditor Mazars’ website.

16.12 / 07:55

business Binance Binance Coin reports reserves 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.

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