Binance releases proof of bitcoin reserves, ups recovery fund to $2 billion

Canada News News

Binance releases proof of bitcoin reserves, ups recovery fund to $2 billion
Canada Latest News,Canada Headlines
  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

Cryptocurrencies Binance releases proof of bitcoin reserves, ups recovery fund to $2 billion

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

Binance’s better than 1:1 ratio of user bitcoins to their own bitcoin reserves is an attempt to reassure markets it holds its users' assets in the same tokens that they had deposited, and to force rival exchanges to prove that their bitcoin holdings are on-chain and not just on paper. He wrote that the recovery fund has already received applications for assistance from over 150 companies and projects.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KitcoNewsNOW /  🏆 13. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First gold, then silver; TD Securities now has a tactical short bet for platinumFirst gold, then silver; TD Securities now has a tactical short bet for platinumKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »

Investors thankful spot gold prices holding above $1,750Investors thankful spot gold prices holding above $1,750Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »

Russian lawmakers have begun working on a national crypto exchangeRussian lawmakers have begun working on a national crypto exchange(Kitco News) - Russia’s State Duma has started work on a draft amendment to the Digital Financial Assets law in order to create a national crypto exchange, Russian media outlet Vedomosti reported Wednesday.
Read more »

NFTRH 732 excerpt on Bonds & GoldNFTRH 732 excerpt on Bonds & GoldKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »

Stagflation: the worse for us, the better for goldStagflation: the worse for us, the better for goldKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »

Could Bitcoin's movements indicate the fall of junior gold stocks?Could Bitcoin's movements indicate the fall of junior gold stocks?Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »



Render Time: 2025-02-28 13:39:35