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Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation
10.2.2023
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges...
Tether assets exceed liabilities in new reserves report by BDO
9.2.2023
As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million
MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions
3.2.2023
With “scientific sustainability” as a core principle, the Maker Constitution is to play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund
Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank
3.2.2023
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable...
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
23.1.2023
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian...
Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi
22.1.2023
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some...
OKX Publishes 3rd Proof of Reserves Report, Shows it Holds None of its Native Token as Collateral
20.1.2023
Crypto-exchange OKX has released its third monthly proof-of-reserves (PoR) report, confirming that all its reserves are held in bitcoin, ethereum and USDT. This also means that none are held in its native token OKB, with OKX claiming that it has the largest ‘clean’ asset reserves of any major...
OKX declares $7.5B in liquid assets in proof-of-reserves report
19.1.2023
According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges
MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
19.1.2023
In a dramatically tight voting, some 51% of votes favored ousting Gemini’s stablecoin from MakerDAO’s reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation
OKX Publishes Proof-of-Reserves Report Showing $7.5B in ‘Clean Assets’
19.1.2023
Report shows reserves are largely spread between bitcoin, ether, and USDT
Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023
18.1.2023
The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills...
SHIB Token Sees Rise Ahead of Shibarium Beta Launch
16.1.2023
The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, “Shibarium beta,” is about...
WazirX Releases Proof of Reserves, Around 20% of Holdings are in Shiba Inu
11.1.2023
Indian crypto exchange WazirX has released its Proof of Reserves (PoR), sharing wallet addresses and digital asset holdings. Notably, Shiba Inu accounts for the largest proportion of assets on the exchange as over 19% of its holdings are in the form of the meme coin....
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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....
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
9.1.2023
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate...
Circle invests 30% of its USDC reserves in US treasuries through a reserve fund
9.1.2023
According to a disclosure page published by BlackRock, Circle has invested 30% of its USD reserves in the US Treasury via Circle Reserve Fund, which is managed by BlackRock. The value of the fund invested comes to approximately $13 billion. The aim is to boost transparency amid the FTX collapse....
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings
8.1.2023
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District...
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