Proof-of-Reserves
OKX Overcomes FTX-Related Concerns Around Crypto Industry in $70M Expansion of Man City Sponsorship
Manchester City and OKX's other partners have been auditing the exchange's proof of reserves to make sure it won't go the same way as FTX.
Crypto Innovation and Regulation Can Co-Exist, Top Industry Executives Agree
In a wide-ranging panel discussion at Consensus 2023, a quartet of senior crypto industry executives discussed what's next in the digital asset market's evolution.
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
Proof-of-reserve reviews aren’t audits, says the Public Company Accounting Oversight Board, and investors shouldn’t count on them.
Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves
The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.
OKX’s February Proof-of-Reserves Report Shows $8.6B in ‘Clean Assets’
Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi.
OKX Publishes Proof-of-Reserves Report Showing $7.5B in ‘Clean Assets’
The report shows reserves are largely spread among bitcoin, ether and USDT.
90% of WazirX's User Assets Are in Binance Wallets, According to Proof-of-Reserves Report
"We are not only India's largest crypto exchange by volume but also India’s largest crypto cxchange by reserves," a WazirX blog post said.
OKX Unveils 2nd Proof-of-Reserves Report, Promises Monthly Publication
Users can now view and download the old and new reserve ratios and self-assess the exchange's health and safety of their assets, OKX said.
SEC Increases Scrutiny of Audits of Cryptocurrency Companies: WSJ
Having proof of reserve reports is not enough information for an investor, according to Paul Munter, the SEC's acting chief accountant.
