Por

OKX Publishes 17th Consecutive Proof of Reserves, Highlighting USD22.1 Billion in Primary Assets

Retrieved on: 
Thursday, March 28, 2024
XRP, EOS, FIL, DOT, TRX, OKB, APT, BCH, SOL, PEOPLE, OKX, DOGE, ELF, UNI, Por, ETH, BTC, Ecosystem, LTC, USDT, ETC, LINK, Privacy, USDC, Cryptocurrency

This marks the 17th consecutive month of the exchange's Proof of Reserves (PoR) reports, which highlight the reserve ratios of the 22 most frequently traded assets on OKX: BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH.

Key Points: 
  • This marks the 17th consecutive month of the exchange's Proof of Reserves (PoR) reports, which highlight the reserve ratios of the 22 most frequently traded assets on OKX: BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH.
  • As with its previous reports, OKX's 17th PoR reveals reserve ratios of over 100% for all of these assets, ensuring that user funds are backed 1:1.
  • The current reserve ratios for OKX's primary assets are as follows:
    OKX Global Chief Commercial Officer Lennix Lai said: "Our 17th consecutive PoR reinforces our commitment to trust-building and transparency in the crypto ecosystem.
  • At OKX, we remain dedicated to providing users with trustworthy tools to navigate the new financial landscape confidently."

Gate.io Proof of Reserves Exceed $6 Billion, Additional $800 Million Stored

Retrieved on: 
Tuesday, March 12, 2024
Knowledge, Hacken, Trust, Por, Growth, Environment, Cryptocurrency

The report reveals that Gate.io's reserve ratio in March reached 115.49%, with the total reserves surpassing $6 billion, a 40.33% increase from January.

Key Points: 
  • The report reveals that Gate.io's reserve ratio in March reached 115.49%, with the total reserves surpassing $6 billion, a 40.33% increase from January.
  • Additionally, the extra reserves experienced steady growth, reaching a record high of $820 million, an increase of 40.50%.
  • Additionally, Gate.io encourages users to visit the 100% Proof of Reserve page to independently verify the reserves for their accounts and deposits.
  • In 2023, it continuously upgraded its Proof of Reserve (PoR) solution by adopting Zero-Knowledge Proof technology (Zk-SNARKs).

Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

Retrieved on: 
Friday, March 22, 2024
USDC, USDT, Por, ETH, BTC, Cryptocurrency

The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.

Key Points: 
  • The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.
  • It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • As of March 22nd, Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

Retrieved on: 
Friday, March 22, 2024
USDC, USDT, Por, ETH, BTC, Cryptocurrency

The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.

Key Points: 
  • The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.
  • It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • As of March 22nd, Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

21Shares Integrates Chainlink Proof of Reserve to Increase Transparency of ARK 21Shares Bitcoin ETF ARKB

Retrieved on: 
Wednesday, February 28, 2024
ARK, Chain-link fencing, ETF, Safety, Reserve, Ark Invest, Failure, Por, Cryptocurrency

21Shares US LLC ("21Shares") and ARK Investment Management LLC ("ARK"), launched the ARK 21Shares Bitcoin ETF, ARKB—a leading spot Bitcoin exchange-traded fund (ETF) with over 1.58B in net assets since launch in January 2024.

Key Points: 
  • 21Shares US LLC ("21Shares") and ARK Investment Management LLC ("ARK"), launched the ARK 21Shares Bitcoin ETF, ARKB—a leading spot Bitcoin exchange-traded fund (ETF) with over 1.58B in net assets since launch in January 2024.
  • Through the integration of Chainlink's market leading Proof of Reserve solution, 21Shares offers clear visibility into ARKB's Bitcoin reserves.
  • With ARKB's underlying Bitcoin reserve and reserve history publicly available through Chainlink Proof of Reserve, ARKB investors now have increased assurances and confidence that ARKB is fully backed by Bitcoin holdings.
  • "By providing real-time, tamper-proof data on Bitcoin reserves, Chainlink Proof of Reserve is not just enhancing the security and transparency of the ARK 21Shares Bitcoin ETF, but also empowering institutions and market participants with the confidence to actively engage with onchain finance.

Majority of Brazilians Surveyed See Crypto as the Future of Finance: OKX Survey

Retrieved on: 
Wednesday, February 28, 2024
Crypto, Trust, OKX, Investment, Por, Cryptocurrency

SÃO PAULO, Feb. 28, 2024 /PRNewswire/ -- According to the results of a survey conducted by OKX, a leading global Web3 technology company and crypto exchange, the majority of Brazilians see crypto as the future of finance, while crypto natives surveyed overwhelmingly agree that crypto offers users greater financial freedom. Crypto natives also identified transparency, including Proof of Reserves, and security as important for building investor confidence.

Key Points: 
  • Crypto users overwhelmingly see transparency and security as key for investor confidence, and that crypto offers greater financial freedom than the traditional banking system
    SÃO PAULO, Feb. 28, 2024 /PRNewswire/ -- According to the results of a survey conducted by OKX , a leading global Web3 technology company and crypto exchange, the majority of Brazilians see crypto as the future of finance, while crypto natives surveyed overwhelmingly agree that crypto offers users greater financial freedom.
  • The survey, an online questionnaire provided to more than 750 Brazilians in November of 2023, including both crypto users and non crypto users, was focused on user perspectives on accelerating crypto adoption in the country.
  • Brazilian crypto users also see crypto as superior to banking in terms of providing financial freedom.
  • The survey also found that transparency and security are key topics for crypto users in Brazil.

OKX's 16th Consecutive Proof of Reserves Report: USD17.7 Billion in Primary Assets

Retrieved on: 
Monday, February 26, 2024
XRP, EOS, Bitcoin, Bitcoin Cash, PEOPLE, UNI, LINK, FIL, BCH, DOGE, LTC, ELF, BTC, ETH, OKX, ETC, Privacy, DOT, TRX, USDC, APT, USDT, SOL, OKB, Por, Cryptocurrency

DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.

Key Points: 
  • DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.
  • OKX included Bitcoin Cash (BCH) in its PoR report for the first time in January 2024.
  • Reiterating the consistency of previous reports, OKX's 16th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, thereby ensuring that user funds are backed on a 1:1 basis.
  • Since the inception of the program, OKX has integrated various updates and improvements to its PoR based on user feedback.

OKX's 16th Consecutive Proof of Reserves Report: USD17.7 Billion in Primary Assets

Retrieved on: 
Monday, February 26, 2024
XRP, EOS, Bitcoin, Bitcoin Cash, PEOPLE, UNI, LINK, FIL, BCH, DOGE, LTC, ELF, BTC, ETH, OKX, ETC, Privacy, DOT, TRX, USDC, APT, USDT, SOL, OKB, Por, Cryptocurrency

DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.

Key Points: 
  • DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.
  • OKX included Bitcoin Cash (BCH) in its PoR report for the first time in January 2024.
  • Reiterating the consistency of previous reports, OKX's 16th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, thereby ensuring that user funds are backed on a 1:1 basis.
  • Since the inception of the program, OKX has integrated various updates and improvements to its PoR based on user feedback.

Bitget Introduced Proof of Reserves (POR) Report of February 2024

Retrieved on: 
Thursday, February 8, 2024
ETH, USDT, BTC, Por, USDC, Cryptocurrency

VICTORIA, Seychelles, Feb. 8, 2024 /PRNewswire/ -- Bitget, the world's leading cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency.

Key Points: 
  • VICTORIA, Seychelles, Feb. 8, 2024 /PRNewswire/ -- Bitget, the world's leading cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency.
  • The report reveals an exceptional total reserve ratio of 159%, emphasizing Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • With these regular PoR disclosures, Bitget upholds its pledge to maintain 100% backing for user funds.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

Bitget Introduced Proof of Reserves (POR) Report of February 2024

Retrieved on: 
Thursday, February 8, 2024
ETH, USDT, BTC, Por, USDC, Cryptocurrency

VICTORIA, Seychelles, Feb. 8, 2024 /PRNewswire/ -- Bitget, the world's leading cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency.

Key Points: 
  • VICTORIA, Seychelles, Feb. 8, 2024 /PRNewswire/ -- Bitget, the world's leading cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency.
  • The report reveals an exceptional total reserve ratio of 159%, emphasizing Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • With these regular PoR disclosures, Bitget upholds its pledge to maintain 100% backing for user funds.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.