Por – DIGIT INFO

Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend

DIGIT — Sun, 25 Aug 2024 14:20:57 +0000

Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […]

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Binance adds 11 tokens to PoR, claims $63B in reserves

DIGIT — Tue, 07 Mar 2023 14:45:00 +0000

The results have not been audited by any accounting firms.

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MEXC Global publishes proof of reserves after month long testing

DIGIT — Thu, 23 Feb 2023 20:15:00 +0000

The report showed high reserve ratios for USDT, USDC, BTC, and ETH.

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TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

DIGIT — Thu, 23 Feb 2023 05:30:21 +0000

On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink to Verify Reserves Before […]

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Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance

DIGIT — Sat, 04 Feb 2023 00:15:04 +0000

Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation does occur, 76% of Finder’s […]

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Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges

DIGIT — Fri, 23 Dec 2022 20:30:39 +0000

According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC […]

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Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

DIGIT — Fri, 16 Dec 2022 15:30:37 +0000

The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]

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Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD

DIGIT — Tue, 13 Dec 2022 18:30:12 +0000

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 with the matter. Moreover, while a number of crypto assets have risen […]

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Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group

DIGIT — Sat, 10 Dec 2022 00:30:50 +0000

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 published proof-of-reserves records and the verification was also conducted by […]

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Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon

DIGIT — Fri, 25 Nov 2022 17:30:38 +0000

On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while the company’s customer net balance is roughly 575,742 bitcoin. Binance’s Bitcoin […]

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