News with the tag "proof-of-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 ...

Record app downloads, millions of users, and new in-app features mark the year of recovery and drive OKX’s success. With millions of new users and an impressive 122% year-over-year rise in app downloads, OKX’s 2024 has been a transformative year…

Binance’s latest proof-of-reserves report shows a notable decline in user assets in September as the crypto market wandered in the red zone. According to Binance’s 23rd PoR report, the exchange’s Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) holdings decreased in…

21.co, the parent company of crypto exchange-traded products issuer 21Shares, has integrated the Chainlink Proof-of-Reserve to enhance the transparency of its wrapped Bitcoin. According to a press release on Sept. 23, 21.co will leverage Chainlink (LINK)’s proof of reserves service…

Integrating institutional capital into the crypto market is both a blessing and a curse; however, it is inevitably happening.

21Shares has integrated Chainlink to provide transparency in terms of proof of reserves for its recently launched spot Ethereum exchange-traded fund. 21Shares, a leading issuer of crypto exchange-traded products, announced the integration on July 29, noting that it will tap…

Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.

The exchange reported that its BTC, USDT, and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter.

Ben Zhou shared a post on X, clarifying that none of the rumors have “any real facts” supporting them.

Cryptocurrency exchange Binance reported the total value of user assets crossed the $100 billion mark in the first week of March.