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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...
Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering Case, KuCoin's and ByBit's Proofs of Reserves
12.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering...
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
Binance's proof-of-reserves raises red flags: Report
11.12.2022
Corporate structure, Bitcoin liabilities and internal control quality are among the points of concern
Crypto.com Crypto Exchange Provides Proof of Reserves After Panic by Investors – Here’s What You Need to Know
10.12.2022
Crypto.com has become the latest cryptocurrency exchange to release its Proof of Reserves data from auditing firm Mazars Group, proving that its clients' assets are fully backed one-to-one.
According to a Friday blog post, auditing firm Mazars conducted the verification process, revealing that...
Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group
10.12.2022
This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange...
Crypto.com releases proof of reserves, showing above 100% for BTC, ETH
9.12.2022
The new disclosure page allows skeptical users to self-verify that their assets are included in the report
Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed
9.12.2022
The examination was done by auditing firm Mazars
Binance’s Bitcoin Reserves Collateralization Ratio Sits at 101% According to Mazars Audit – This is What You Need to Know
8.12.2022
A report by auditing firm Mazars has revealed that Binance's bitcoin reserves have a 101% collateralization ratio, suggesting that the exchange has more than all of the BTC it needs to cover customer deposits.
In a recent report, Mazars claimed the world's largest cryptocurrency exchange has...
Crypto consumer protection, proof of reserves bills introduced into US Congress
7.12.2022
New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years
7.12.2022
Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at...
Mazars says users' BTC reserves on Binance are fully collateralized
7.12.2022
The scope of the AUP was limited to users' BTC holdings on Binance
Binance's Bitcoin Reserves Are Overcollateralized, Auditor Says
7.12.2022
Mazars performed a proof-of-reserves and proof-of-liabities audit on the centralized exchange
Today in Crypto: HashKey and SEBA Bank Join Hands, KuCoin Hires Mazars for Proof of Reserves, Bitget Launches PoR Page & User Self-audit Tool
5.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: HashKey and SEBA Bank Join Hands, KuCoin Hires Mazars for Proof of Reserves, Bitget Launches PoR Page...
Audit firm Mazars to verify KuCoin's Proof-of-Reserves
5.12.2022
Mazars, the former accounting firm for Donald Trump's companies, was hired recently to audit Binance's PoR
Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner
4.12.2022
Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a ‘mysterious whale,’ even though the wallet had shown strong characteristics of being a cryptocurrency exchange. The address known as “1P5ZED” has since been replaced...
Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency Users’ Assets Safeguarded With at Least 1:1 Reserve Ratio
4.12.2022
Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to users that we are a full-reserve exchange, as supported by its Proof of Reserves (“PoR”), using the cryptographic-audited Merkle tree method,...
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
2.12.2022
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below...
Binance Hires Former Donald Trump Auditors For Proof of Reserves Effort
2.12.2022
Major crypto exchange Binance has appointed the accounting firm Mazars, which worked for former US President Donald Trump’s company, to assist with its Proof of Reserves (PoR) effort.
In order to help assure investors that its coins are covered by reserves, Binance decided to use Mazars to verify...