On March 14, 2024, El Salvador’s president-elect, Nayib Bukele, unveiled a historic bold maneuver that echoed across the Bitcoin world: El Salvador confirmed the transfer of a substantial portion of its Bitcoin holdings…
Reddit, the popular social media platform, has disclosed in a Securities and Exchange Commission (SEC) filing that it has invested a portion of its excess cash reserves into Bitcoin. The social media giant…
Blockchain gaming giant – Animoca Brands – revealed around $3.4 billion in assets in an interim financial update that outlined its key unaudited financial positions as of April 30, 2023. The Hong Kong-based…
On April 21, the Texas House of Representatives approved a bill requiring cryptocurrency exchanges to maintain sufficient reserves to fulfill their clients’ payment obligations. According to the announcement by the Texas House of…
Major Australian gaming firm Immutable slashed 11% of the company’s headcount, stating that the job cut happened in order to ensure cash reserves last for a long time. This is the second time…
Proof of reserves (PoR) has gone from a buzzword to a roar in recent weeks as the crypto world tries to recover from the shock and losses of the current crypto winter. After…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis…
Tether says that its decision to eliminate security loans shows the company’s commitment to its customers. Tether, the issuer of Tether (USDT) stablecoin, is planning to remove security loans from its reserves in…
CryptoCom is the latest exchange to provide proof of reserves amid soaring demand for industry transparency stemming from FTX’s collapse. The audit found that its customers’ balances for multiple top cryptocurrencies, including Bitcoin…
#BINANCE #PROOF #Run #Fractional #Reserves source
#Binance #CEO #Questions #Coinbase #Bitcoin #Reserves source
Binance PoR system reveals that the company’s Bitcoin (BTC) reserves ratio is 101%. Binance, the largest crypto exchange in terms of daily trading volumes, has released its Proof of Reserves System (PoR). According…
#Binance #Holds #Largest #Bitcoin #Reserves #FTX #Collapse source
#Nic #Carter #Crypto #Contagion #Proof #Reserves #FTX #Clawbacks #amp #Bitcoin #Miner #Solvency source
Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ). Binance’s CEO has since deleted his tweet,…
#Massive #Drop #Bitcoin #Reserves #Exchanges #FTX #Fallout source