News with the tag "Reserves"

Key takeaways PoR audits are cryptographic verifications used by cryptocurrency exchanges to prove they hold sufficient assets to cover customer deposits. Using methods like Merkle trees and zero-knowledge proofs, PoR ensures transparency, similar to how capital reserves are mandated in traditional ...

Is South Korea about to make a bold leap into the future of finance? Imagine a world where nations hold Bitcoin alongside traditional currencies like the US dollar or the Euro. This isn’t just a crypto enthusiast’s dream anymore; it’s a serious topic of discussion within South Korea’s Democratic Par...

Following a devastating hack that drained approximately $1.4 billion in Ethereum from its platform, Bybit has successfully replenished its reserves. The exchange has restored its liquidity by bridging the “ETH gap” through a strategic mix of bridge loans, substantial deposits, and targeted Ethereum ...

In a whirlwind of news that’s sure to bring a sigh of relief to the crypto community, Bybit CEO Ben Zhou has stepped forward with a significant announcement. After a recent security incident that shook user confidence, Zhou has declared that Bybit has successfully replenished its Ether (ETH) reserve...

In the fast-paced and often turbulent world of cryptocurrency, the security and stability of exchanges are paramount. Recent events have put crypto platforms under intense scrutiny, highlighting the critical importance of robust asset management and user trust. A recent report regarding Bybit, a pro...

In a significant stride towards enhanced transparency within the cryptocurrency realm, Coinbase, a leading crypto exchange, has officially rolled out a dedicated proof-of-reserves (PoR) page for its wrapped Bitcoin token, cbBTC. This move, initially reported by BeInCrypto, aims to provide users with...

According to recent data from CryptoQuant, Ethereum (ETH) reserves on centralized cryptocurrency exchanges have dropped to a nine-year low. Experts suggest that this dwindling ETH supply could indicate an impending ‘supply shock,’ potentially fuelling a significant rally in the cryptocurrency. Ether...

Cryptocurrency exchange Binance's bitcoin ( BTC ) reserves dropped by $355 million last month while customer balances grew by more than $4 billion, bringing the two figures more in line with each other, according to recently published exchange reserves data . At the turn of the year Binance, the lar...

World Liberty Financial (WLF), a decentralized finance (DeFi) project associated with President elect Donald Trump’s family, has announced plans to establish a “strategic reserve” of cryptocurrency assets. The announcement was made by WLF co-founder Chase Herro at the Ondo Summit in New York, where ...

India’s Forex Reserves: Latest Trends & Economic Significance India’s foreign exchange reserves are a key component of its economic stability, ensuring liquidity, trade security, and currency value management . As of January 24, 2025 , India’s forex reserves are valued at $629.56 billion , marking a...