Proof-of-Reserves News

Cryptocurrency exchange Binance reported the total value of user assets crossed the $100 billion mark in the first week of March.

Cryptocurrency exchange Binance has conducted its twelfth audit of reserves held on the exchange. Binance has released an audit of its crypto reserves published on Jan. 1, revealing that it controls 597,658.074 Bitcoins (BTC) and 4,265,238.882 Ethereum (ETH). The exchange’s…

Cryptocurrency exchange Bybit has expanded its proof-of-reserves audit to now cover 32 different cryptocurrencies

OKX has marked its one-year anniversary of consistently publishing Proof of Reserves, showcasing a commitment to transparency and trust.

Former members of the now-defunct FTX.US accounting team, now operating as The Network Firm, have conducted the attestation of TrueUSD’s proof-of-reserves (PoR) as the stablecoin seeks to regain stability following a brief de-pegging incident. TrueUSD , the embattled stablecoin, has…

Crypto exchange OKX, a well-known exchange, has published its eighth consecutive monthly report on proof-of-reserves (PoR). The report reveals the balances of BTC, ETH, and USDT held by OKX, totaling a significant amount of $11.3 billion. According to the report,…

Gemini, a major player in the cryptocurrency exchange arena, recently announced via Twitter that its proof-of-reserves data is now available on CoinMarketCap. The tweet also mentioned that more detailed information about their proof-of-reserves can be found on the Gemini Trust…

Data from on-chain analytics provider CryptoQuant showed that investment outflows from Binance during three of its most recent stressful events remained within historical ranges.

OKX latest proof of reserves has revealed that the firm has $8.9b in assets. This comes comes as the firm updated its PoR system to improve publicity for customers.

The US Public Company Accounting Oversight Board (PCAOB) has released an investor advisory document for crypto users. The report claims that the proof-of-reserve (PoR) reports are “inherently limited,” and holders should “exercise caution” when using them as reassurance. According to…

Binance, as of a recent announcement, has added 11 coins to their PoR. The new tokens are aimed at aiding to improve security for customers at the firm.

A recent proof-of-reserves(PoR) analysis conducted on OKX claims the exchange is overcollateralized with reserve ratios of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT. Nansen Dashboard shows that the $8.6 billion in reserves held by OKX…

The improved proof-of-reserves (PoR) system by Binance is based on zero-knowledge proofs and improves on speed while reducing computational costs for exchanges. Binance has announced significant updates to its proof-of-Reserves (PoR) system today. It aims to improve security, privacy, and…

USDC stablecoin issuer Circle has drafted an updated proof-of-reserve report showing more than $44.5 billion worth of tokens are currently in circulation. USDC’s released December 2022 proof-of-reserve report was reportedly audited by a third-party accounting and auditing firm, Grant Thornton…

Proof-of-reserve" is just a way for centralized exchanges to show that they have enough reserves to cover their clients' balances.

Nic Carter, a co-founder of Metrics, examined how well-known centralised exchanges are doing at supplying Proof of Reserves (PoR) in 2022