‘Proof of Reserves’ Emerges as a Favored Way to Prevent Another FTX
Several exchanges, including Binance, have announced plans to integrate proof of reserves in the near future. Source
Read More
Proof
Analysis: FTX’s TRUMPLOSE Token Isn’t Proof of an FTX-Democrat-Ukraine Conspiracy
TRUMPLOSE was part of FTX’s prediction market, where degens made big bucks betting on — or against — Trump or Biden during the 2020 election. Weirdly it’s still on their balance sheet. Original Source
Read More
LBank Announces to Publish an Auditable Merkle Tree and Proof of Reserves (POF) – Press release Bitcoin News
press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 12th, 2022 – 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 9th stating that the exchange
Read More
Chainlink Labs offers Proof of Reserve service for embattled exchanges
Chainlink Labs offered its Proof of Reserve product as a solution to future trust issues in the crypto exchange market on Nov. 10. In a tweet thread, Chainlink Labs asked “Will crypto continue to repeat the mistakes of the traditional black-box financial industry? Or will a better system emerge?”#Crypto is at
Read More
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. Source
Read More
Binance shares wallet addresses and activity after proof of reserve pledge
In light of the FTX liquidity crisis and the almost-acquisition by Binance, Binance CEO Changpeng “CZ” Zhao assured his community that his network would provide full transparency on asset holdings.On Nov. 10, Binance published a new page titled “Proof of Assets” on which all details are available of its on-chain activity
Read More
Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K
Crypto exchanges are now scrambling to publicly publish their fund reserves. On Wednesday alone, nine exchanges – Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, OKX, Deribit and Bybit – separately issued statements that they would publish their Merkle tree reserve certificates to increase transparency. Source
Read More
OKX, Kucoin say proof of reserves will be ready in a month
In the wake of the FTX liquidity crisis, two major crypto exchanges have announced that they will provide Proof of Reserves, also known as Proof of Funds (PoF) within the next month. In an official tweet, OKX stated “We're hiring Armanino for auditing & will publish an auditable Merkle POF asap.”
Read More
BitDAO Community Asks Alameda for Proof of Funds After BIT’s Sudden 20% Drop, Threatens to Dump FTT
The community behind BITDAO, which is supported by crypto exchange Bybit, Pantera, billionaire Peter Thiel, and several other funds, asked trading firm Alameda, to prove that they continue to hold 100 million BIT tokens that they acquired in November last year by converting 3.36 million FTT tokens. The token swap
Read More
How does zero-knowledge proof authentication help create a portable digital identity solution?
Web engineers have been working for a long time to determine if there is a way to prove something is true without revealing any data that substantiates the claim. Zero-knowledge proof (ZKP) technology has enabled the deployment of cryptographic algorithms for verifying the veracity of claims regarding the possession of
Read More