Merkle tree

Crypto Exchange Blofin Released - Attention Drawn to Innovative and Traditional Financial Market

Retrieved on: 
Thursday, January 12, 2023

George Town, Cayman Islands, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Blofin brought its crypto futures trading exchange into existence on January 12th.

Key Points: 
  • George Town, Cayman Islands, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Blofin brought its crypto futures trading exchange into existence on January 12th.
  • The launch of the Blofin exchange received a lot of attention and recognition.
  • The Blofin platform provides an exceptional user experience with its trading engine at high speed and tight security.
  • Blofin exchange received brilliant feedback from industrial experts who paid close attention to its launching.

Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address

Retrieved on: 
Sunday, January 22, 2023

Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address

Key Points: 
  • Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address
    Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address
    Dubai, United Arab Emirates | January 05, 2023 08:45 AM Eastern Standard Time
    Ben Zhou, co-founder and CEO of Bybit, the third most visited cryptocurrency exchange in the world, shared Bybit's journey in becoming a Crypto Ark and a gateway to empower users to level up to Web3 in a candid exchange at a virtual event last week.
  • In a rollercoaster year that saw many peees succumb to market adversity, Bybit delivered its “Best 10”:
    Brand 3.0 for Web 3.0.
  • Over half a million new users started their crypto journey on Bybit with the exchange’s zero fees campaign in 2022.
  • He said the idea behind Bybit's Web3 push was to enable users to explore more with fewer clicks, starting with the Bybit Web3 Wallet.

Blofin to Unveil its Exchange Platform with Core Futures Trading Function

Retrieved on: 
Wednesday, January 4, 2023

The original version of Blofin platform supports USDT-Margined Perpetual contract trading for 45 trading pairs.

Key Points: 
  • The original version of Blofin platform supports USDT-Margined Perpetual contract trading for 45 trading pairs.
  • The trading system also functions with all the needed tools for futures trading, including market visuals, limit orders, functions of reduce only, TP/SL, IOC, FOK, and more.
  • Blofin will launch its futures trading exchange on Jan. 12th, 2023.
  • The core trading functions will be at full capacity by then, and associated promotional functions will be released  in succession.

Bybit Enables Merkle Tree Verification for Proof of Reserves

Retrieved on: 
Sunday, December 18, 2022

The system uses Merkle Tree to enable users to quickly verify their assets deposited in Bybit and authenticates that Bybit holds all the users assets 1:1.

Key Points: 
  • The system uses Merkle Tree to enable users to quickly verify their assets deposited in Bybit and authenticates that Bybit holds all the users assets 1:1.
  • With the release of the Merkle Tree, Bybit has further demonstrated its robust finances and commitment to full transparency.
  • Users can use their Merkle Leaf code to check that their assets are recorded as liabilities in Bybit’s reserves.
  • Direct Proof of Reserves verification is available to all users with equity in the following:
    Funding accounts, which include crypto holdings and balances held in “Bybit Earn” products.

Mazars Releases KuCoin’s Verification PoR Report, Concluded That BTC, ETH, USDT and USDC Reserves Are Overcollateralized

Retrieved on: 
Monday, December 12, 2022

Global leading audit firm Mazars has released a report about KuCoins Proof-of-Reserves to determine the total collateralization ratio of their asset holdings.

Key Points: 
  • Global leading audit firm Mazars has released a report about KuCoins Proof-of-Reserves to determine the total collateralization ratio of their asset holdings.
  • The report prepared by Mazars concluded that KuCoins BTC, ETH, USDT and USDC reserves are overcollateralized, which are 101%, 100%, 102% and 101% respectively.
  • Mazars verified KuCoins total reserves and liabilities on Nov. 26.
  • Our cooperation with Mazars is just one of the measures to ensure we follow through on that commitment to our users.

BingX Announces Its Verified Proof of Reserve With Mazars

Retrieved on: 
Thursday, December 1, 2022

With rich experience in crypto sector, Mazars South Africa conducted a third-party verification with BingX and helped ensure only credible platforms are operating in the market.

Key Points: 
  • With rich experience in crypto sector, Mazars South Africa conducted a third-party verification with BingX and helped ensure only credible platforms are operating in the market.
  • "Mazars takes pride in assisting leading exchanges such as BingX to bring transparency to the crypto industry.
  • Proof of Reserve or POR is a verifiable attestation procedure that helps enhance transparency to centralised cryptocurrency reserves.
  • We hope this POR verified by Mazars can help legitimise the industry and regain trust in the investor community.

BingX Announces Its Verified Proof of Reserve With Mazars

Retrieved on: 
Thursday, December 1, 2022

With rich experience in crypto sector, Mazars South Africa conducted a third-party verification with BingX and helped ensure only credible platforms are operating in the market.

Key Points: 
  • With rich experience in crypto sector, Mazars South Africa conducted a third-party verification with BingX and helped ensure only credible platforms are operating in the market.
  • "Mazars takes pride in assisting leading exchanges such as BingX to bring transparency to the crypto industry.
  • Proof of Reserve or POR is a verifiable attestation procedure that helps enhance transparency to centralised cryptocurrency reserves.
  • We hope this POR verified by Mazars can help legitimise the industry and regain trust in the investor community.

Deepcoin Exchange Launches an Industry First "Proof of Withdrawal" (POW) Competition Come to Deepcoin for a Proof of Withdrawal Competition

Retrieved on: 
Monday, November 14, 2022

After entering into the competition, the platform will monitor your withdrawal transaction IDs (TXID) for 7s in the hash value.

Key Points: 
  • After entering into the competition, the platform will monitor your withdrawal transaction IDs (TXID) for 7s in the hash value.
  • The more 7s in your TXID, the higher you rank among your Deepcoin peers.
  • Even more, Deepcoin will be offering FREE asset withdrawals, as we will pay the withdrawal transfer fee charged by the miners on the chain.
  • With these offerings, Deepcoin hopes to jointly build a broader industry environment of trust and security.

LBank Announces to Publish of an Auditable Merkle Tree and Proof of Reserves (POF)

Retrieved on: 
Monday, November 14, 2022

LBank gave a public statement on November 9th stating that the exchange hopes to facilitate industry transparency and built a strong foundation of trust between exchanges and investors.

Key Points: 
  • LBank gave a public statement on November 9th stating that the exchange hopes to facilitate industry transparency and built a strong foundation of trust between exchanges and investors.
  • Crypto exchanges can provide accurate proof of held balances and strengthen the trust of users.
  • LBank believes that these measures will give users the transparency they need to get through recent turbulent times.
  • LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.

Binance launches next phase of user transparency updates

Retrieved on: 
Friday, November 25, 2022

PARIS, France, Nov. 25, 2022 /PRNewswire/ -- Binance has taken the next step in its effort to provide transparency of user funds, following the recent disclosure of Binance's hot and cold wallet addresses .

Key Points: 
  • PARIS, France, Nov. 25, 2022 /PRNewswire/ -- Binance has taken the next step in its effort to provide transparency of user funds, following the recent disclosure of Binance's hot and cold wallet addresses .
  • Binance is also working to onboard an independent third party auditor to validate the Merkle Tree data.
  • That's why we're pleased to provide this latest feature for our users to verify their funds," said Changpeng Zhao 'CZ', CEO & Founder of Binance.
  • This latest update from Binance is to reassure people that Binance holds all user assets 1:1 (as well as reserves).