The crypto exchange held about 32,000 BTC, 274,000 ETH, and 820 million USDT stablecoins, as well as 9.7 billion TRX tokens. btc trx usdt
, Huobi, which was acquired by the About Capital buyout fund in October, suggested that such disclosure helps to reassure concerned users. Before Huobi unveiled its proof of reserves, other crypto exchanges like Binance, Crypto.com, Deribit, Kucoin and Okx have all given theirproof-of-reserves via Merkle tree and full audits. As noted in the report, when crypto exchanges display PORs, this enables users to track their token holdings and transactions.
Meanwhile, the crypto exchange said it would further boost user confidence by making the display of PORs a routine practice going forward. “To further enhance users’ confidence and accelerate our efforts in improving transparency, we are working to perform another Merkle Tree Proof of Reserves audit with a third party within 30 days,” the crypto exchange said in a statement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEIU Healthcare Illinois Becomes Latest Union to Back Brandon Johnson for MayorThe 90,000-member union that represents hospital, nursing home, home care and child care workers throughout the Midwest backed Brandon Johnson, a Cook County commissioner, four days after U.S. Rep. Jesús “Chuy” García entered the race for mayor, scrambling the contest.
Read more »
Huobi reports on asset transparency, totals $3.5 billion in hot and cold walletsSeychelles-based Huobi said it holds 32,000 bitcoins, 274,000 ether, 820 million tether and 9.7 billion tronix.
Read more »
Former Huobi-linked entity says it has $18.1 million stuck on FTXLooks like one company has over $18M stuck on FTX still. What recourse is there really at this point?
Read more »
Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Illicitly ReleasedCrypto exchanges Binance and Huobi blocked deposits of FTT, FTX’s native token, on Sunday after about $400 million of the tokens were released out of schedule. shauryamalwa reports
Read more »
2023 Honda CR-V Hybrid vs. Toyota RAV4 Hybrid Comparison Test: Practical ConsiderationsWhen two competing hybrid SUVs are this similar, it becomes a matter of dollars and sense.
Read more »
Broadway performer becomes teacher to inspire next generationRenee Chambers-Liciaga has performed around the world. But perhaps her biggest role is being a teacher in Wilmington, Delaware!
Read more »