Michael Saylor Explains Why On-Chain Proof-of-Reserves Are a Bad Idea
Michael Saylor, executive chair of Strategy, has warned that on-chain proof-of-reserves may create artificial intelligence-related security attacks. Speaking during a...
ProofofReserves
Saylor says onchain proof-of-reserves a ‘bad idea’ due to security risks
Michael Saylor, the executive chair of major Bitcoin-buying firm Strategy, formerly MicroStrategy, says institutions posting onchain proof-of-reserves is a “bad...
Crypto Exchange Gate.io Introduces ZK-Protected Proof-of-Reserves Instrument: Review
Gate.io, a top-tier cryptocurrency exchange ecosystem, announces the release of the ZK-powered mechanism for the proof-of-reserves procedure. Being a fully...
OKX Releases Proof-of-Reserves Report With $7.5B “Clean Assets”
After the excessive turmoil in the crypto market triggered by the FTX liquidity and bankruptcy scandal, several crypto service providers...
OKX reports $7.5B Proof-of-Reserves in BTC, ETH, USDT
OKX has reported its Proof-of-Reserves (PoR) for the first time revealing $7.5 billion in Bitcoin (BTC), Ethereum (ETH), and Tether...
India’s WazirX Releases Proof-of-Reserves With Over 1:1 Liability Ratio
Indian crypto exchange WazirX released its proof-of-reserves (PoR) report disclosing its reserves-to-liability ratio of over 1:1. Alongside the paper, published...
CoinDCX publishes proof-of-reserves report; holds over $157 million in crypto assets
CoinDCX, a cryptocurrency exchange company has released its proof-of-reserve (PoR) report and the company holds more than $157 million in...
Binance’s proof-of-reserves auditor suspends work for crypto firms
Mazars, the financial auditing firm behind Binance’s proof-of-reserves (PoR) audit, has suspended all work for crypto firms, according to a...
Binance proof-of-reserves removed from the auditor’s site
Crypto exchange Binance has seen its proof-of-reserve (PoR) audits removed from the auditor Mazars’ website.Mazars’ official website shows they fully...
Binance’s proof-of-reserves raises red flags: Report
Binance's efforts to improve transparency of its reserves also exposed red flags in the crypto exchange's finances, according to accounting...