The cryptocurrency market constantly seeks clarity and trust. Following a period of significant volatility and concerns about exchange solvency, transparency has become paramount. Binance, a leading global crypto exchange, continues its commitment to this principle. Its latest Binance Proof of Reserves report offers a vital snapshot of its holdings, providing crucial insights into the platform’s […]
In a significant indicator of operational strength within the volatile cryptocurrency market, Binance has reportedly maintained a reserve ratio exceeding 100% for an impressive 30 consecutive months. This milestone, highlighted by Wu Blockchain, underscores the platform’s ongoing commitment to holding sufficient assets to cover user deposits, a critical factor for trust and confidence in a […]
In a significant move towards bolstering investor protection within the digital asset space, U.S. Senators Thom Tillis and John Hickenlooper have reignited their efforts to bring more transparency and security to cryptocurrency custody. Are you concerned about where your digital assets are truly held when you entrust them to a custodian? The re-introduction of the […]
In a welcome turn of events for crypto users, Bybit CEO Ben Zhou has delivered reassuring news regarding the exchange’s Ether (ETH) holdings. Following a recent security incident, Zhou announced via X (formerly Twitter) that Bybit has successfully replenished its ETH reserves, bringing them back to a 1:1 ratio. This announcement is coupled with the […]
In a significant move towards enhanced transparency and user trust, cryptocurrency giant Coinbase has officially launched a Proof of Reserves (PoR) page specifically for its wrapped Bitcoin token, cbBTC. This development comes as a welcome assurance to the crypto community, especially in light of past concerns surrounding centralized entities and asset backing. Let’s dive into […]
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