Kentucky and Missouri join growing states exploring Bitcoin reserves

State adoption of crypto reserves signals a shift towards digital asset integration, challenging traditional financial systems and regulations. The post Kentucky and Missouri join growing states exploring Bitcoin reserves appeared first on Crypto Briefing.

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Do Crypto Exchange Reserves Rely Too Much on Their Own Tokens?

Crypto exchange reserves have been cast into the spotlight following the FTX collapse. Their asset reserves have also come into question. The post Do Crypto Exchange Reserves Rely Too Much on Their Own Tokens? appeared first on BeInCrypto.

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Kucoin On The Spot For Holding Nearly One-Fifth Of Its Reserves In Its KCS Token

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CoinMarketCap launches proof-of-reserve tracker for crypto exchanges

The tool allows users to monitor exchanges’ reserves through displays of total assets and public wallet addresses, along with the balance and value of the wallets displayed.

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Sam Bankman-Fried's Crumbling FTX Empire Holds $1.2B Cash Reserves

The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors.

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Arthur Hayes warns investors against crypto companies without proof of reserves

Arthur Hayes has cautioned customers against investing in custodians that won’t publish a Proof of Reserves (PoR) Audit. He made the comment on Twitter on November 20, 2022, in light of the FTX contagion that has wrecked several crypto companies.…

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Buterin Discusses Proof of Reserves and What the Future Holds for Trustless Exchanges

Ethereum co-founder Vitalik Buterin has shared his views on how crypto exchanges could rebuild lost trust from the FTX’s implosion. The post Buterin Discusses Proof of Reserves and What the Future Holds for Trustless Exchanges appeared first on BeInCrypto.

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Grayscale cites security concerns for withholding on-chain proof of reserves

Grayscale shared a letter from Coinbase Custody attesting that each of Grayscale’s crypto products is fully backed, but stopped short of providing the wallet addresses.

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Bybit CEO says proof of reserves is key to preventing another FTX-like collapse

Proof of reserves has become the “new order” in the world of crypto after the FTX fiasco. Bybit’s CEO, Ben Zhou, assured that his team is currently working on compliance with this regulation to prove that their clients’ funds are…

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Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings

The cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said.

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CoinSwitch proof of reserves reveals sufficient holdings to match clients’ stake

Indian crypto exchange CoinSwitch has announced that its proof of reserves shows its overall holdings exceed its customers’ stake. It says proof of reserves is the solution to the prevailing crypto Crisis.

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Gate.io highlights its 3-year 100% proof of reserves journey

Following another major crypto exchange collapse, user concerns around the solvency, security, and stability of crypto exchanges have reignited, leading to discussions regarding exchange reserves.

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Bybit publishes reserve wallet addresses

Bybit’s largest asset wallet holdings total $1. 9 billion, according to details from blockchain analytics firm Nansen. Bybit has become the latest crypto exchange to publish information about its assets reserves, as calls for more transparency in the industry increase following FTX’s collapse.

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Bybit and Huobi Rush to Publish Proof of Reserves

Bybit and Huobi have joined the ranks of major crypto exchanges that have publicly provided their proof of reserves. The post Bybit and Huobi Rush to Publish Proof of Reserves appeared first on BeInCrypto.

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LBank to Publish an Auditable Merkle Tree and Proof of Reserves

The global crypto exchange, LBank, has recently announced that it will share its Merkle-tree proof-of-reserves, in view of recent concerns about the opaque nature of certain industry issues. LBank gave a public statement on November 9 stating that the exchange hopes to facilitate industry transparency and built a strong foundation of trust between exchanges and … Continued The post LBank to Publish an Auditable Merkle Tree and Proof of Reserves appeared first on BeInCrypto.

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Binance lags behind Coinbase, Kraken and Gate.io in proof of reserves initiative

On November 8, Changpeng Zhao — the CEO of the world’s leading crypto exchange, Binance — suggested that cryptocurrency exchanges should provide proof of reserves. Still, his exchange ended up not being one of those that led by example regarding this initiative.…

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Crypto Exchanges Need Proof Of Reserves: Bitcoin Policy Institute Report

A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange.

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Kraken, Coinbase and Gate.io publish proof of reserves with liabilities

Prominent crypto exchanges Kraken, Coinbase and Gate. io became the first exchanges to publish proof-of-reserves, including liabilities, as part of their audits. The post Kraken, Coinbase and Gate.

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Should you buy Shiba Inu (SHIB) in November after the recent spike in activity

Crypto. com revealed that it holds 22. 91% of its reserves in the Shiba Inu (SHIB/USD) cryptocurrency. W Dubai – The Palm, a five-star hotel, allows guests to pay for accommodation in the SHIB cryptocurrency.

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Crypto.com transferred nearly 85% of ETH reserves to Gate.io in October, CEO assures it was accidental

The Twitter community is on fire, discussing hidden motives behind asset transfers between Crypto dot com and Gate. io that took place in October. The post Crypto. com transferred nearly 85% of ETH reserves to Gate.

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Crypto Exchanges Gate.io and Crypto.com Appear to Be Faking Proof of Reserves

In light of the recent FTX implosion, the crypto community is concerned that some crypto exchanges like Gate. io and Crypto. com appear to be faking their reserves. The post Crypto Exchanges Gate.

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Huobi Asset Transparency Report Reveals $3.5B in Crypto Holdings

Huobi held $920 million worth of its own HT token as of Nov. 12. The exchange has promised to perform a Merkle Tree Proof of Reserves audit with a third party within 30 days.

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Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco

Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence.

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LBank announces publishing of an auditable Merkle tree and Proof of Reserves (POF)

Global crypto exchange, LBank, has recently announced that it will share its Merkle-tree proof-of-reserves, in view of recent concerns about the opaque nature of certain industry issues. LBank gave a The post LBank announces publishing of an auditable Merkle tree and Proof of Reserves (POF) appeared first on AMBCrypto.

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Deribit showcases proof of reserves as FTX bankruptcy launches panic in the crypto market

Ethereum and Bitcoin option Exchange, Deribit, aired its reserves online to assure its clients of future safety against attacks on November 11. The organization’s announcement aims to maintain transparency and eliminate fear among its clients.  Users urged to stay calm…

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Crypto.com's Preliminary Glimpse of Token Reserves Reveals 20% in Shiba Inu Coin

As large crypto exchanges push to prepare “proof-of-reserves” audits, an initial effort reveals just how much of Crypto.com’s reserves are in the dog-inspired meme ERC-20 token, SHIB.

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Crypto.com discloses partial reserves in bid to counter insolvency rumors

Kris Marszalek tweeted details of Crypto dot com’s reserves in a bid to address insolvency rumors. The post Crypto.com discloses partial reserves in bid to counter insolvency rumors appeared first on CryptoSlate.

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BNB price movement after Binance reveals $69B in crypto reserves

Binance is the largest cryptocurrency exchange in terms of volume and even features its own native cryptocurrency known as BNB (BNB/USD). BNB is utilized for the process of trading, for the payment of the trading fees on the exchange, and as a result of this, has seen a high level of utility.

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Bitcoin Cash (BCH) and Polkadot (DOT) deficits noted in Binance 

Binance, the largest crypto exchange network, published its Proof-of-Reserve (PoR), and some users reported deficits in Bitcoin Cash (BCH) and Polkadot reserves.

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Microstrategy maintains support for Bitcoin amidst “selling” speculations

A recent crypto update on Twitter has drawn attention to the possibility of Microstrategy selling its BTC reserves. Despite current market conditions and the state of Microstrategy’s accounts, Saylor continues to proclaim his faith in Crypto. Saylor might be selling…

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Crypto.Com to Publish Its Audited Proof Of Reserves As Transparency Concerns Rock Exchanges

In what appears to be the new trajectory amid the downfall of giant crypto exchange FTX, Crypto. com has become the latest exchange to promise its customers that it will publish an audited Proof of Reserves (PoR).

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Indian Crypto Exchange Giottus Says It Will Provide Proof of Reserves, While Rivals Remain Silent

While lesser-known, Giottus is among the top 10 cryptocurrency exchanges in India.

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Crypto markets rocked as stablecoin reserves deplete, Curve 3pool concentrated by USDT, 60k BTC leaves Binance, Alameda shorts USDT

Following on from one of the craziest days in crypto history on November 9, the 24/7 crypto markets keep investors busy. The post Crypto markets rocked as stablecoin reserves deplete, Curve 3pool concentrated by USDT, 60k BTC leaves Binance, Alameda shorts USDT appeared first on CryptoSlate.

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First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K

On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the mounting crisis involving FTX.

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Crypto Exchanges Scramble to Compile 'Proof of Reserves' as FTX Contagion Grips Markets

Nine prominent crypto exchanges said they will publish proof of their reserve holdings in the next month.

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Ethereum Reserves Of FTX Collapse In The Midst Of Liquidity problems

FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability of the firm. First, there appears to be an ongoing war between FTX and the Binance crypto exchange.

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FTX stablecoin reserves plunge as community fears bankrun

The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. The post FTX stablecoin reserves plunge as community fears bankrun appeared first on CryptoSlate.

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Uniglo.io (GLO) incredible burn prior to launch to compete with Shiba Inu, Tron, And Other Top Crypto

For a token to be built for the best chance of success, burn rates are essential to its credentials. Fiat currencies lost the ability to become more scarce over time when gold-pegged reserves were sold off to raise funds.

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CryptoSlate Wrapped Daily: Nigeria’s CBDC deemed a failure; Korea gathers more proof on Do Kwon

The biggest news in the cryptoverse for November 3 includes the private conversation Korea obtained that proves Kwon purposely manipulated the LUNA price, the reveal of China’s $6 billion worth of crypto reserves, and Stripe’s decision to downsize by 14%.

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Crypto Could Enjoy “Renaissance” as Trust in Banks Fades: Druckenmiller

The global crypto market capitalization is almost 70% down this year, largely thanks to the Federal Reserves commitment to hiking interest rates. Nevertheless, investing legend Stanley Druckenmiller sees a silver...

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Crypto Exchange Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, JPMorgan Says

The added revenues would mainly come from the exchange's revenue share on interest income from USDC reserves.

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Old Mutual Wealth to Handle Cash Reserves of Rand-Backed Stablecoin ZARP

Financial Services Giant Old Mutual Wealth is appointed to control the reserved notes that back ZARP, the crypto stablecoin pinned to the worth of the South African Rand. The post Old Mutual Wealth to Handle Cash Reserves of Rand-Backed Stablecoin ZARP appeared first on BeInCrypto.

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Poolin Offers Promissory ‘IOU’ ETH Tokens As The Merge Rolls Out; Customer Reserves Remain Frozen

China-based crypto mining-pool services provider Poolin, which halted all withdrawals from its PoolinWallet on the back of liquidity problems, will be issuing IOU tokens corresponding to that value.

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Massive Bearish Sign? Crypto Exchange Reserves Are Reversing Up

Bears are actively pushing cryptocurrency market down as total exchange inflows are on rise

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Bitcoin Bearish Signal: Miners Continue To Dump

Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners Have Been Withdrawing From Their Wallets In Recent Days As pointed out by an analyst in a CryptoQuant post, BTC miner reserves have been observing negative change recently, something that could lead to a decline in the price of the crypto.

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Tether and Kraken Transparency Audits Aimed at Boosting Further Confidence Into The Crypto Markets

Tether Holdings Limited has released its June 2022 Assurance Consolidated Reserves Report. The debate on the reserves held by Tether has been ongoing, with Tether asserting that its tokens are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether’s reserves.

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Tether Asset Reserves Figures Record Significant Plunge Compared To 2021

Following the collapse of Terra and its ecosystem, there is a considerable reduction of confidence in stablecoins, especially Tether. Most participants in the crypto space have increased doubts about the level of stability with stablecoins.

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Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT.

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Crypto Exchange Bitfinex May Be Facing Criminal Investigation in US

The exchange’s sister company has been hit with several investigations over who uses its platform and the state of its reserves.

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