Crypto Exchange HTX Deactivates Proof-of-Reserves Feature Crypto exchange HTX, previously known as Huobi, has deactivated its proof-of-reserves feature. This comes at a time when stablecoin TrueUSD…
An independently verifiable audit confirms Bybit’s cryptocurrency reserves An audit has confirmed that Bybit, a cryptocurrency exchange, has cryptocurrency reserves ranging from 100% to 124% of…
Senators Introduce PROOF Act to Prevent Another FTX Disaster Two U.S. senators, Thom Tillis (R-NC) and John Hickenlooper (D-CO), have introduced the Proving Reserves of Others…
The 10th Proof-of-Reserves Report from Binance: Insights into User Assets Binance, a prominent player in cryptocurrency trading, has recently released its 10th proof-of-reserves report. This report…
Key Points: Binance’s proof-of-reserves report shows a significant decline in USDC balances. Binance potentially used $3.4 billion to procure Bitcoin and Ether. It is unclear if…
Summary: Binance’s proof-of-reserves (PoR) report is being examined following the collapse of Silvergate Bank and the reduction in its USDC reserves. The report revealed a sharp…
Binance’s Proof-of-Reserves Report Scrutinized After USDC Reserves Deplete Binance’s latest proof-of-reserves report has sparked controversy as its USDC reserves significantly decreased following the collapse of Silvergate…
Bitget Announces Total Proof-of-Reserves Ratio of 223% Cryptocurrency exchange Bitget has revealed that its total proof-of-reserves ratio has reached 223%. This means that the exchange’s total…
Chainlink’s proof-of-reserves service is designed to provide transparency into the reserves of crypto exchanges and asset managers. However, the system often relies on promises rather than…
