News with the tag "proof of reserves"

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 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...

Binance Proof of Reserves reveals $120 billion in assets across 34 tokens, showing growth in BTC and ETH holdings, with Bitcoin up 2.09% and Ethereum up 6.20%.

Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on Nov...

We are thrilled to announce we have completed our latest Proof of Reserves. This independent procedure, by a third party accountant, allows clients to verify their account balances are fully backed with on-chain assets, custodied securely by Kraken for supported cryptocurrencies as of a Sept. 30, 20...

Binance Proof of Reserves October 2024 reveals a 1.58% drop in BTC, 1.37% in ETH, and 3.16% in USDT holdings. However, BNB reserves grew by 2.17%.

Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency.

Why Proof of Reserves is a critical piece of infrastructure for any custodial services built on top of Bitcoin.

River launched a transparency tool proving it holds over $800 million worth of Bitcoin in full reserve custody. The U.S. exchange aims to rebuild trust after failures like FTX with its new River Proof of Reserves.

Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also ...