Reserves Financial News

14.12 / 19:13

Art Tether coinbase USDC reserves Financial Today in Crypto: Tether to Reduce Secured Loans in Reserves to Zero, Compound DAO Sued, Australia Modernizing Its Financial System

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13.12 / 01:11

BTC Binance Assurant Bitcoin reserves NOT audit Investors Not Satisfied with Binance’s Proof-of-Reserves Audit – Next Exchange to Collapse?

Binance’s proof-of-reserves audit has already raised red flags, with some experts claiming it is far from enough to satisfy worried users.

12.12 / 19:25

Sport Tether Gaming USDC reserves Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering Case, KuCoin's and ByBit's Proofs of Reserves

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12.12 / 14:31

Blockchain defi FTX transparency reserves Bybit joins trend, releases Merkle Tree-verified proof of reserves

The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe.

11.12 / 22:53

business Binance Bitcoin reserves Binance's proof-of-reserves raises red flags: Report

Binance's efforts to improve transparency of its reserves also exposed red flags in the crypto exchange's finances, according to accounting and financial specialists consulted by The Wall Street Journal.

10.12 / 13:59

Binance Crypto.com reserves Crypto.com Crypto Exchange Provides Proof of Reserves After Panic by Investors – Here’s What You Need to Know

Crypto.com has become the latest cryptocurrency exchange to release its Proof of Reserves data from auditing firm Mazars Group, proving that its clients' assets are fully backed one-to-one.

09.12 / 22:35

business FTX Crypto.com reserves Crypto.com releases proof of reserves, showing above 100% for BTC, ETH

Tether (USDT), XRP, Dogecoin (DOGE), Shiba Inu (SHIB), Chainlink (LINK), and Decentraland (MANA) are also included in the report, with each of them having reserves of above 100%.

08.12 / 17:17

Binance Mazars reserves audit Binance’s Bitcoin Reserves Collateralization Ratio Sits at 101% According to Mazars Audit – This is What You Need to Know

A report by auditing firm Mazars has revealed that Binance's bitcoin reserves have a 101% collateralization ratio, suggesting that the exchange has more than all of the BTC it needs to cover customer deposits.

08.12 / 00:23

regulation SEC Congress reserves Crypto consumer protection, proof of reserves bills introduced into US Congress

United States Congressman Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require exchanges disclose proof of reserves to the Securities and Exchange Commission (SEC). The short bills are intended to supplement other legislation that is passed on cryptocurrency, Torres said.

07.12 / 18:45

business Blockchain Binance Bitcoin Mazars reserves Mazars says users' BTC reserves on Binance are fully collateralized

According to a new document published on Dec. 7, South-African auditor Mazars confirmed that cryptocurrency exchange Binance possessed control over 575,742.42 of customers' Bitcoins (BTC) worth $9.7 billion at the time of publication. Through the process, Mazars stated that "Binance was 101% collateralized."

05.12 / 19:42

Waves Career Gaming Opera HashKey Seba Bank Mazars reserves audit Today in Crypto: HashKey and SEBA Bank Join Hands, KuCoin Hires Mazars for Proof of Reserves, Bitget Launches PoR Page & User Self-audit Tool

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05.12 / 14:05

business Kucoin Bitcoin Mazars reserves audit Audit firm Mazars to verify KuCoin’s proof of reserves

Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its proof of reserves (PoR).

02.12 / 15:43

Binance Exchange FTX Bitcoin Trump reserves Binance Hires Former Donald Trump Auditors For Proof of Reserves Effort

Major crypto exchange Binance has appointed the accounting firm Mazars, which worked for former US President Donald Trump’s company, to assist with its Proof of Reserves (PoR) effort.

01.12 / 14:47

Binance Bitcoin Trump reserves audit 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.

26.11 / 08:27

business Blockchain Binance Kraken reserves Binance proof-of-reserves is 'pointless without liabilities': Kraken CEO

The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sharing wallet addresses to prove the existence of users’ funds, several entrepreneurs, including Kraken CEO and co-founder Jesse Powell, called the practice “pointless” as exchanges fail to include liabilities.

26.11 / 00:19

UPS Bitcoin reserves Harvard Research Paper Urges Governments and Central Banks to Add Bitcoin to Reserves to Hedge ‘Sanction Risk’

Central banks in countries that face a risk of being sanctioned by the US could shift their international reserves to include bitcoin (BTC), a new Harvard University research paper has argued.

25.11 / 17:09

Blockchain Binance Liquidity Bitcoin 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.

24.11 / 16:27

Ethereum USDT OKEx Bitcoin reserves audit This Exchange Enables Users to Self-Audit the Firm’s Crypto Reserves – This is How it Works

Major crypto exchange OKX said it launched a self-audit feature, which currently supports three cryptoassets.

24.11 / 00:49

business Blockchain Technology reserves audit 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 scrutiny after the collapse of FTX. OKX announced the new page in a tweet, as well as on its blog.

23.11 / 22:55

ETH BTC Platform Nov Reserve reserves OKX Exchange Shows Proof of Reserves - Audited 102% BTC Reserve Ratio

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

22.11 / 08:21

cryptocurrency Crypto Exchange reserves Will disclosing proof of reserves bring back trust to the crypto ecosystem?

Trust – Once lost is difficult to regain.

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