proof of reserves

The U.S. Securities and Exchange Commission (SEC) issued a stark warning to investors, emphasizing the need for caution when considering investments involving crypto asset securities. What Happened: The SEC's Office of Investor Education and Advocacy retweeted an investor alert from March 2023...

According to Nansen, cryptocurrency users are demanding more transparency and enhanced protection measures from Kraken, Bybit, Bitget and other CEXs, or centralized exchanges. Since FTX collapsed, exchanges have increased their protection efforts, or started offering so-called Proof of Reserves....

OKX, the world’s second-largest crypto exchange by trading volumes, has released its second proof-of-reserves (PoR) report to prove that it has enough assets to handle customer withdrawals. As of Tuesday at 12:00 UTC, OKX's wallets had 113,754 Bitcoin (CRYPTO: BTC), worth $1.87 billion,...

Proof-of-reserves information from auditing company Mazars Group demonstrated cryptocurrency exchange Crypto.com clients' assets were fully backed one-to-one, according to a statement made by the firm on Friday. This came after competing exchange Binance on Wednesday produced a...

Binance (CRYPTO: BNB) has appointed accounting firm Mazars to verify its proof of reserves (PoR), weeks after the collapse of Sam Bankman-Fried's crypto exchange FTX. As part of the PoR upgrade, Binance chose Mazars — the accounting firm that worked for former U.S. President Donald...

Binance has moved 127,351 Bitcoin (CRYPTO: BTC) worth $2 billion from its proof-of-reserves to demonstrate its control over a wallet, which received a huge transfer on Monday and sparked worries among cryptocurrency users. What Happened: Binance CEO Changpeng Zhao ...

Cathie Wood-led ARK Investment Management bought over 176,000 shares of Grayscale Bitcoin Trust (OTC: GBTC) at an estimated valuation of $1.46 million. The purchase was done via the ARK Next Generation Internet ETF (NYSE: ARKW). Last week, ARK purchased...

Binance is under hot waters, after it moved 127,351 Bitcoins (CRYPTO: BTC) from its Proof of Reserve wallet (CRYPTO: BTCB) to cold storage, on-chain data reveals. What Happened: After the above-mentioned transfer, over 68,200 BTC worth $1.1 billion were transferred to Binance from an anonymous...

Cryptocurrency exchange Huobi has disclosed the quantity and value of its digital assets held in reserves. According to the Seychelles Islands-based company's " inexhaustive overview" of its digital asset holdings, the crypto exchange has: 9.7 billion Tron (CRYPTO: TRX) tokens around...

Technology company Wonderfi Technologies Inc (OTC: WONDF) on Monday announced its "Proof of Reserves & Platform Due Diligence Audit" for its operating subsidiaries Bitbuy Technologies Inc. and Coinberry Limited, even as significant cryptocurrency exchanges scramble to...