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.
Nic Carter Dives Into Proof-of-Reserves, Ranks Exchange Attestations
Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most prominent crypto trading platforms in the space.
OKX Publishes Second Proof-of-Reserves, Pledges Monthly Publication
Popular crypto exchange OKX has published a second Proof of Reserves (PoR) audit on its platform to show transparency following the collapse of Sam Bankman-Fried’s crypto empire FTX.
SEC Increasing Scrutiny of Crypto ‘Proof-of-Reserves’
The U.S. Securities and Exchange Commission's acting chief accountant, Paul Munter, warned investors to put little faith in crypto companies' proof-of-reserves.
OKX Unveils 2nd Proof-of-Reserves Report, Promises Monthly Publication
Cryptocurrency exchange OKX published a second proof of reserves (PoR) report, adding features that allow users to verify that the second-largest platform by trading volume has sufficient assets to handle customer withdrawals.
