Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement on the Binance website, the exchange outlined how users can use the mechanism to verify its holdings. Currently, the only token available to verify through the Merkle Tree-based … Read more
Crypto exchange OKX has released a Proof of Reserves page that allows users to audit its reserves to make sure it is solvent. This comes at a time when crypto exchanges are coming under greater scrutiny after the collapse of FTX. OKX announced the new page in a tweet, as well as on its blog. Don’t … Read more
I’m getting a little worried about the outlook for Apple To be clear, I’m an Apple fanboy, and have been for years. I have a pair of Mac laptops, an iPhone 13 Pro Max, and an Apple Watch. I subscribe to Apple Music, Apple Photos, Apple News, and Apple TV+. When my daughter was a … Read more
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.” In a Nov. 18 Twitter thread addressing investor concerns, Grayscale laid out information regarding the security and storage of its crypto holdings and said all … Read more
(Bloomberg) — Investors caught off-guard by the euro’s sharp recovery from a two-decade low remain skeptical the rally has legs. Most Read from Bloomberg Helped by a massive selloff in the dollar after signs of US inflation cooling, the single currency has raced 5% higher versus the greenback this month to its highest level since … Read more
The fall of major crypto ecosystems — such as FTX and Terra (LUNA) — this year highlighted the importance of transparency around the true reserves held by crypto exchanges and businesses. Amid the ongoing fear, uncertainty and doubt (FUD) across the crypto space, crypto exchange Bitfinex revealed its proof of reserves to the general public. … Read more
Chainlink Labs offered its Proof of Reserve product as a solution to future trust issues in the crypto exchange market on Nov. 10. In a tweet thread, Chainlink Labs asked “Will crypto continue to repeat the mistakes of the traditional black-box financial industry? Or will a better system emerge?” #Crypto is at a crossroads. Will crypto … Read more
In the wake of the FTX liquidity crisis, two major crypto exchanges have announced that they will provide Proof of Reserves, also known as Proof of Funds (PoF) within the next month. In an official tweet, OKX stated “We’re hiring Armanino for auditing & will publish an auditable Merkle POF asap.” The company then listed … Read more
Bridgerton exec producer Shonda Rhimes says the success of her blockbuster period romp has proved the economic sense of prioritising diversity on screen. The cast of Bridgerton, made by Shondaland for Netflix, has been lauded for its inclusion, with fictional family members of different colour, described by Rhimes as “colour-conscious casting” rather than “colour blind.” … Read more
CNN — An opposition leader in exile from Belarus has demanded that President Alexsandr Lukashenko be held to account for his regime’s complicity in the Ukraine war and for Russian soldiers to withdraw from Belarusian soil, after a CNN investigation revealed new evidence that the country provided medical assistance to injured Russian troops. Russia used … Read more