Bitcoin News / Bitcoin.com - 1 year ago
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares...
Cryptocoins News / The Cointelegraph - 1 year ago
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a minority-owned depository institution. Citizens Trust Bank, a financia...
Cryptocoins News / The Cointelegraph - 1 year ago
The report showed high reserve ratios for USDT, USDC, BTC, and ETH. On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot afte...
Cryptocoins News / The Cointelegraph - 1 year ago
The report shows high reserve ratios for USDT, USDC, BTC and ETH. On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot after...
Cryptocoins Exchanges / Binance - 1 year ago
https://azcoinnews.com/binances-busd-stablecoin-faces-outflows-and-declining-reserves-after-nydfs-instructs-paxos-to-cease-minting-cryptoquant.html submitted by /u/azcoinnews [link] [comments]
Cryptocoins News / The Cointelegraph - 1 year ago
The company’s complaint to the New York regulator reportedly came before NYDFS ordered Paxos to “cease minting” its Binance USD stablecoin. New York State’s Department...
Cryptocoins News / EthereumWorldNews - 1 year ago
Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens.& The USDC issuer warned the NYDFS about Binance not having enough crypto in its reserves to back its tokens.& Binance’s stablecoin partner Paxos...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum.Zeller argued that the Paxos-issued stablecoin was bound to decline in supply and inability to mint new tokens would affect peg arbitrage opportuniti...
Cryptocoins News / Blockchain - 1 year ago
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency. (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
The zk-SNARKs upgrade is expected to significantly improve the security and transparency of the verification process. On Feb 10, cryptocurrency exchange Binance announ...
Cryptocoins News / EthereumWorldNews - 1 year ago
Tether reported a $700 million profit in the last quarter of 2022.The USDT issuer no longer holds commercial paper in its reserves.& The latest attestation report from its auditor revealed that the firm’s assets exceeded its liabilities.&a...
Cryptocoins News / The Cointelegraph - 1 year ago
As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million. Tether, the issuer of...
Cryptocoins News / The Cointelegraph - 1 year ago
As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million. Tether, the issuer of...
Cryptocoins Exchanges / Binance - 1 year ago
Noticed this video on youtube. As I perceive it, Binance does not concern BNB tokens at will. They're mined by the node operators. Should we be nervous concerning the state of affairs described within the video? https://www.youtube.com/watch?v=xPz9bk...
Cryptocoins News / CoinJournal - 1 year ago
Binance is allegedly working to fix the “error”.
The crypto exchange released a proof of collateral report for all 94 Binance-pegged tokens, or B-Tokens.
Data suggested the Binance wallet holding the exchange’s own token reserves a...
Cryptocoins News / The Cointelegraph - 1 year ago
According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges. Crypto exchange OKX disclosed $7.5 billion in...
Cryptocoins News / Finance Magnates - 1 year ago
<p>OKX, a
major crypto exchange formerly known as OKEx, has published an enhanced version
of its proof of reserves (<a href="https://www.financemagnates.com/tag/proof-of-reserves/" target="_blank" rel="follow"&g...
Cryptocoins News / CoinJournal - 1 year ago
According to the proof-of-reserves report, OKX’s reserves have a total of $7.5 billion in assets.
The assets are spread between bitcoin (BTC), USDT, and Ether (ETH).
This is the third proof-of-reserve published by OKX exchange.
In its third a...