• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Binance Announces Proof of Blockchain Reserves

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

True to its earlier pledge, cryptocurrency exchange Binance has shared a instrument that enables consumers to management the exchange’s reserve assets by way of blockchain.

Binance Announces Proof of Blockchain Reserves

On the evening of Nov. 25, cryptocurrency exchange Binance launched a instrument for checking reserve assets, termed Proof of Reserves.

Related articles

New CEO Richard Teng wants to turn Binance into "a normal financial company"

New CEO Richard Teng desires to flip Binance into “a normal financial company”

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

However, as opposed to the wallet’s former announcement, Binance’s new Proof of Reserves attribute enables consumers to management their money by way of the blockchain, proving that Binance does in truth personal the cryptocurrency they have deposited.

As portion of our ongoing dedication to transparency, we have offered new updates on #Binance‘s Proof of reserves.

Further updates for $ETH, $USDT, $USDC, #BUSD & #bnb will come in the close to potential.

Stay tuned.

— Binance (@binance) November 25, 2022

At the time of the announcement, Binance will help Bitcoin stability checking commencing at 07:00 AM on eleven/23/2022 (Vietnam time). As a consequence, the exchange holds much more than 575,000 BTC on behalf of consumers, when the amount of Bitcoins that Binance owns is much more than 582,000 BTC. Users can website link wallets and test irrespective of whether their BTC is appropriately in Binance wallet or not.

The platform will then broaden to ETH, USDT, USDC, BUSD and BNB in ​​the close to potential. The exchange also considers inviting audit events to offer more information, and applies zero-expertise evidence engineering to make certain the authenticity of info, but does not disclose users’ personalized info.

Binance final week pledged to develop a stability checking mechanism on the blockchain following the crash of the FTX exchange. FTX is mentioned to have taken consumer deposits to lend them, resulting in lots of cryptocurrency traders to get rid of faith in the exchange and massively withdraw their funds afterwards.

Binance also announced the establishment of a $one billion Market Support Fund, which is anticipated to offer money for tasks the exchange believes have prospective and will need help.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: announcesBinanceBlockchainProofreserves
Share76Tweet47

Related Posts

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • California Assembly Advances Bill on Dormant Crypto Assets
  • BlackRock ETF Leads Bitcoin Inflow with $284 Million
  • Qubetics Kaspa and Tezos Emerge as the Best Crypto to Buy Now After Policy Shifts Shape 2025 Trends
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7