Crypto.com Crypto Exchange Provides Proof of Reserves After Panic by Investors – Here’s What You Need to Know
Crypto.com has become the latest cryptocurrency exchange to release its Proof of Reserves data from auditing firm Mazars Group, proving that its clients' assets are fully backed one-to-one. According to a Friday blog pos...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a Friday blog post, auditing firm Mazars conducted the verification process, revealing that the exchange's bitcoin reserves have a 102% collateralization ratio, its Ethereum reserves a 101% collateralization ratio, and its USDC and USDT reserves a 102% and 106% collateralization ratio. ...
Read More: Crypto.com Crypto Exchange Provides Proof of Reserves After Panic by Investors – Here’s What You Need to Know
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
FalconX and Interstice Launch $9T Cross-Chain Engine Linking Canton, Solana and Ethereum
Key Takeaways: Interstice Digital and FalconX rolled out a non-custodial Cross-Chain Swap Engine that connects Canton, Ethereum, S...
Ethereum’s 12-GPU proving problem just got a 4-GPU answer
ZisK's new four-GPU benchmark claim has lowered the headline hardware count in Ethereum's real-time proving race. In February, Cry...
Bitcoin holders face potential exchange freezes as new chain rollout tests replay safety and market stability
Crypto exchange GMO Coin may suspend several Bitcoin services when eCash takes its first balance snapshot at block 963,648, expect...
Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move
On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised...
Hashdex liquidates $14.7 million Bitcoin ETF as IBIT draws $143.6 million
Hashdex’s $14.7 million Bitcoin ETF is in liquidation after trading and creation orders ended, leaving remaining shareholders wait...
Rapid7 uncovers Operation ASTERIX: AI-powered phishing tools targeting crypto wallet recovery phrases
Operation ASTERIX highlights the urgent need for enhanced security measures in crypto exchanges to prevent AI-driven phishing atta...