proof-of-reserve – DIGIT INFO

IDA integrates HKDA stablecoin with Chainlink for secure cross-chain use

DIGIT — Wed, 09 Oct 2024 07:39:00 +0000

IDA Finance’s use of Chainlink Proof of Reserves and CCIP products aims to boost cross-chain operability and asset security.

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21.co’s Bitcoin wrapper to add Chainlink proof of reserve

DIGIT — Mon, 23 Sep 2024 21:41:06 +0000

The integration comes as other Bitcoin wrappers face scrutiny for custody practices.

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21shares Announces Chainlink Integration for Real-Time Ethereum Reserve Verification

DIGIT — Mon, 29 Jul 2024 19:01:10 +0000

21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With […]

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Chainlink integration adds transparency to 21Shares Ether ETF

DIGIT — Mon, 29 Jul 2024 14:00:00 +0000

The integration aims to create more transparency for 21Shares’ Ether ETF, which could create more trust among investors.

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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

DIGIT — Fri, 17 Mar 2023 18:30:14 +0000

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]

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US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

DIGIT — Thu, 09 Mar 2023 21:30:32 +0000

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an […]

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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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Be ‘very wary’ of crypto proof-of-reserve audits: SEC official

DIGIT — Fri, 23 Dec 2022 06:19:40 +0000

SEC’s acting chief accountant Paul Munter said that investors shouldn’t place too much confidence in a company holding up a proof-of-reserves audit.

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$1B in Wrapped Bitcoin now being audited using Chainlink’s ‘Proof of Reserve’

DIGIT — Fri, 02 Oct 2020 05:05:41 +0000

Wrapped Bitcoin is now even safer with Chainlink oracles checking custody wallets every ten minutes.

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

DIGIT — Fri, 16 Aug 2019 22:45:13 +0000

On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to […]

The post How Coinbase Quietly Became the World’s Biggest Bitcoin Bank appeared first on Bitcoin News.

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