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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....
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
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
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
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
Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security
22.12.2022
Although the decentralized lending protocol’s data is inherently on-chain, introducing Chainlink’s PoR would help mitigate the risk of attacks on the Aave protocol
Proof of Reserves mají potvrzovat, že jsou kryptofirmy v pořádku. Nic ale nedokazují
21.12.2022
Jde u tzv. Proof of Record zpráv skutečně o důkaz, že daná platforma má zajištěná digitální aktiva svých uživatelů?
First Mover Asia: Missing From the Debate About Binance’s Proof of Reserves and Auditor, One Metric Shows Another Exchange Could Be in Trouble
19.12.2022
CryptoQuant's Audit of Binance Reveals No 'FTX-Like' Behavior in Proof-of-Reserves
16.12.2022
An on-chain audit of Binance by the blockchain analytics firm CryptoQuant has concluded that Binance’s reserves of bitcoin (BTC) and other major coins “are not showing ‘FTX-like’ behavior at this point.”
In analyzing the numbers, CryptoQuant said it compared Binance’s BTC liabilities, as stated...
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web
16.12.2022
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following...
Binance proof-of-reserves removed from the auditor's site
16.12.2022
Mazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed PoR audits from its site
Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients
16.12.2022
Mazars other clients included Crypto.com and KuCoin
Only 1% of people can handle crypto self-custody right now: Binance CEO
15.12.2022
Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange
Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD
13.12.2022
Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been investigating Binance, according to four people familiar...
Investors Not Satisfied with Binance’s Proof-of-Reserves Audit – Next Exchange to Collapse?
12.12.2022
Binance’s proof-of-reserves audit has already raised red flags, with some experts claiming it is far from enough to satisfy worried users.
The so-called proof-of-reserves report was released on December 7 in the form of a 5-page PDF document prepared by the global accounting firm Mazar’s South...
Bybit joins trend, releases Merkle Tree-verified proof of reserves
12.12.2022
The Dubai-based exchange released its reserve wallet addresses shortly after the FTX fiasco began, and now it launched a verification system for users to track its holdings