List of Flash News about Proof of Reserves
Time | Details |
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2025-05-28 14:12 |
Bitget Maintains 192% Over-Collateralization Ratio: Key Insights for Crypto Traders
According to Gracy Chen @Bitget, Bitget’s reserves remain at a 192% over-collateralization ratio, continuing its monthly public disclosure. This high reserve ratio suggests strong platform stability and risk management, providing increased confidence for traders leveraging Bitget for crypto derivatives and spot trading. Traders can use this data to assess counterparty risk and prioritize exchanges with transparent and robust reserve practices, impacting overall market sentiment and liquidity flows (source: Gracy Chen @Bitget, Twitter, May 28, 2025). |
2025-05-27 20:22 |
Proof of Reserves Without Liabilities Disclosure Deemed Worthless for Crypto Transparency – Trading Implications
According to Wei (@thedaoofwei), proof of reserves (POR) reports that do not disclose corresponding liabilities are considered worthless for assessing crypto exchange solvency, raising significant concerns for traders relying on these reports for risk management and decision-making. Without full transparency on liabilities, market participants lack the necessary data to evaluate platform health, increasing counterparty risk and impacting trading confidence in centralized exchanges. Traders are urged to favor platforms that provide both reserves and liabilities disclosures to ensure accurate risk assessment and capital protection (source: @thedaoofwei, May 27, 2025). |
2025-03-10 10:00 |
March 2025 Proof of Reserves Update Highlights Strong Asset Backing
According to Richard Teng, the March 2025 Proof of Reserves update shows strong backing for assets: BTC at 100.77%, ETH at 100.00%, BNB at 110.92%, USDT at 104.42%, and the newly added TRUMP at 100.38%. This transparency ensures that user assets are fully backed, reinforcing trust in the platform's financial health. |
2025-02-24 03:29 |
Bybit Confirms Closure of ETH Deficit; Proof of Reserves to Follow
According to Aggr News, Bybit has confirmed that they have fully closed their Ethereum deficit. The exchange plans to release a Proof of Reserves report soon, which is expected to provide transparency and reassurance to traders. This development is crucial for maintaining trader confidence and ensuring the platform's liquidity integrity. |
2025-02-18 20:42 |
Proof of Reserves for cbBTC on Base Platform Now Available
According to @jessepollak, the proof of reserves for cbBTC on the Base platform is now live, providing transparency and trust for traders using the platform. This implementation allows traders to verify the backing of cbBTC, potentially influencing trading decisions and enhancing security in their transactions. |
2025-01-23 07:25 |
President Opts for WBTC Over Coinbase CBBTC for BTC Reserves
According to @justinsuntron, the president's choice to use Wrapped Bitcoin (WBTC) for BTC reserves instead of Coinbase or CBBTC is a strategic move to ensure asset security. The reliance on Coinbase's lack of Proof of Reserves (PoR) could lead to risks of asset freezing or confiscation, highlighting the importance of maintaining control over one's own keys in cryptocurrency trading. |
2024-09-18 04:26 |
Justin Sun Questions Coinbase's Stance on Proof of Reserves
According to Justin Sun, all major cryptocurrency exchanges have implemented Proof of Reserves (PoR), making it perplexing that Coinbase claims PoR is not feasible. He pointed out that Binance has a complete PoR available for review. Sun emphasized that the community does not expect Coinbase to provide a perfect solution immediately, but at least to make some progress in this direction. |