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Nalezeno "reserves": 627

Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

11.3.2023
The company plans to use corporate resources to fill the gap, including external capital

Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise

11.3.2023
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several factors which led the population to believe there...

Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

11.3.2023
Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

10.3.2023
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank

Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts

9.3.2023
BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall

US accounting watchdog warns investors about proof-of-reserve reports

9.3.2023
The warning was issued after crypto exchanges jumped into the trend of providing PoR reports to assure users after the FTX debacle

Is crypto winter almost over? Surviving the unknown months

9.3.2023
Like every market cycle, this crypto winter will eventually end

Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog

9.3.2023
Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards

Binance Expands Proof of Reserves Report with 11 New Tokens - Here Are the Coins That Were Added

8.3.2023
Binance has expanded its Proof-of-Reserve (PoR) report to include 11 more tokens, bringing the overall amount of funds verifiable via the exchange's PoR system to over $63 billion. In a Tuesday blog post, the world's largest crypto exchange revealed that it has added MASK, ENJ, WRX, GRT,...

Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, but Sector Is a Mess

7.3.2023
If the crypto industry was looking for a silver lining in Federal Reserve Chair Jerome Powell’s testimony in a U.S. Senate hearing on Tuesday, the best he could offer was that he’s hoping there’s something useful and innovative amidst crypto’s mayhem

Binance adds 11 tokens to PoR, claims $63B in reserves

7.3.2023
The results have not been audited by any accounting firms

Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars

6.3.2023
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate...

OKX: Proof of Reserves is Future of CEX industry

27.2.2023
It's opening morning at London's Blockchain Economy Summit - the UK's largest gathering of crypto and blockchain companies. And Centralised Exchanges are a hot topic. In the aftermath of the collapse of FTX - conference debate is centring on the future of the CEX sector. Shaping the debate...

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...

FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

24.2.2023
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a Minority-owned Depository Institution

MEXC Global publishes proof of reserves after month long testing

23.2.2023
The report showed high reserve ratios for USDT, USDC, BTC, and ETH

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

23.2.2023
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest...