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WazirX releases proof of reserves with majority of funds in Binance wallets
11.1.2023
The cryptocurrency exchange released its proof of reserves and proclaimed to be India’s largest exchange both in volume and reserve funds
90% of WazirX's User Assets are in Binance Wallets, According to Proof Of Reserves Report
11.1.2023
Indian exchange WazirX in its proof of reserves report revealed that 90% of its user assets are held in Binance wallets
Bitget Launches Fund Custody Service With Dedicated Wallet to Elevate Safety
11.1.2023
PRESS RELEASE. Victoria, Seychelles 11 Jan 2023 – Leading crypto exchange Bitget launches the Fund Custody service for professional investors and institutions. The service will provide dedicated wallets to qualified accounts to maximize protection of customers’ funds on the platform....
NFT Collective PROOF Signs with United Talent Agency
7.1.2023
The company behind the popular NFT project Moonbirds hopes to expand its partnerships and grow its brand beyond a Web3-native audience
Chinese Researchers Claim Success in Breaking RSA Encryption With Quantum Computer, Experts Debate Veracity of Discovery
7.1.2023
According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer...
Cake DeFi publishes Merkle tree-based Proof of Reserves
4.1.2023
According to Cake DeFi, users can now verify both assets and liabilities through their website
Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks
3.1.2023
After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow...
Proof of reserves is becoming more effective, but not all its challenges are technical
31.12.2022
PoR is benefitting from intense development efforts, but in the final analysis good conduct requires good regulation and a culture of compliance
Nic Carter dives into proof-of-reserves, ranks exchange attestations
30.12.2022
Crypto trading platforms Kraken and BitMEX topped the proof-of-reserves score list, while Binance received a low score for being incomplete
‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake
29.12.2022
Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only...
5 altcoin projects that made a real difference in 2022
27.12.2022
2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry
What are proof-of-reserves audits, and how do they work?
26.12.2022
Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors
SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler
24.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of...
Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges
23.12.2022
According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter...
Crypto exchange OKX releases second proof of reserves
23.12.2022
The exchange’s reserves attestation comes only a month after it released its first one and is intended to promote greater transparency in the crypto industry
SEC's Munter: Investors Should Proceed with Caution on Crypto Proof-of-Reserve Audits
23.12.2022
The United States Securities and Exchange Commission (SEC) has issued a warning regarding audits of cryptocurrency companies, saying that investors should be “very wary” about relying on a company’s proof-of-reserves.
In a recent interview with the Wall Street Journal, Paul Munter, the SEC’s...
OKX Unveils 2nd Proof-of-Reserves Report, Promises Monthly Publication
23.12.2022
Users can now view and download the old and new reserve ratios and assess the exchange's health and the safety of their assets
Buenos Aires to Tax Cryptocurrency Mining in 2023
23.12.2022
The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, in 2023. A new proposal modifies the tax law to introduce cryptocurrency mining as a taxable activity that will levy 4% on the income calculated via these operations. However, it is still unclear...
Be ‘very wary’ of crypto proof-of-reserve audits: SEC official
23.12.2022
SEC’s acting chief accountant Paul Munter said that investors shouldn't place too much confidence in a company holding up a proof-of-reserves audit
The most eco-friendly blockchain networks in 2022
23.12.2022
This year saw the realignment of the crypto industry toward greener, more energy-efficient blockchains