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# Proof of Reserves
ALL From Proof of Reserves
OKX Latest Proof-of-Reserves Reveal $8.9B in Assets
The global cryptocurrency exchange OKX released its fifth edition of its proof-of-reserves (PoR) report, which it began releasing in Nov. 2022 in its effort for more transparency in the industry.
Archblock To Use Chainlink’s Proof-of-Reserves System for TrueUSD Verification
Archblock, the issuer of TrueUSD stablecoin, said it will use Chainlink's proof-of-reserves system to let users verify its reserves are fully collateralized on the blockchain via an automated data feed.
OKX’s February Proof-of-Reserves Report Shows $8.6B in ‘Clean Assets’
OKX is overcollateralized with a reserve ratio of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT according to a recently published Proof-of-Reserves report.
SEC Hits Kraken With $30 Million Fine; Dubai Prohibits Privacy Coins | Cointime Weekly Feb.05 – Feb.11
Huobi to expand in Hong Kong as it bets on China; PayPal pauses stablecoin project amid Paxos probe; Ethereum co-founder says Ether won’t be classified as a security; Proof of Reserves for policymakers; Egyptian fintech MNT-Halan secures $400M.
Proof of Reserves for Policymakers
PoR is far broader than exchanges proving the existence of coins to their clients or to regulators. The key technologies that make PoR possible are generalizable to all sorts of financial trust-provision.
Binance Upgrades Proof of Reserves Verification To Include Zk-SNARKs
On Feb 10, Cryptocurrency exchange Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs — a cutting-edge technology that Binance says will allow it to verify its reserves in a more secure and transparent manner.
OKX Publishes 3rd Proof of Reserves Report, Shows it Holds None of its Native Token as Collateral
Crypto-exchange OKX has released its third monthly proof-of-reserves (PoR) report, confirming that all its reserves are held in bitcoin, ethereum and USDT. This also means that none are held in its native token OKB, with OKX claiming that it has the largest ‘clean’ asset reserves of any major exchange, equivalent to around $7.5 billion.
OKX Publishes Proof-of-Reserves Report Showing $7.5B in ‘Clean Assets’
OKX has $7.5 billion in reserves, and these reserves do not contain its native token, according to a proof of reserves published by the exchange on Thursday.
90% of WazirX's User Assets are in Binance Wallets, According to Proof Of Reserves Report
Indian crypto exchange WazirX released its proof of reserves report and with that disclosed that 90% of its user assets are held in Binance wallets.
CoinSwitch Releases Proof of Reserves, Reveals $131.09 Million in Assets
CoinSwitch has released its proof of reserves, which reveals that as of January 6, 2023, 8 am IST, it had $112.99 million, or Rs 933.83 crore in terms of value assets. This comes amid a debate where crypto investors have been calling for more transparency from exchanges.
