Tag: proof of reserves

Bitcoin’s enforceable signature verification creates new possibilities for seamlessly and privately expressing ownership of bitcoin to another counterparty.Sam Abbassi is Founder and CEO of Hoseki, the proof-of-assets Bitcoin service.De Soto Dreams Of Electric MoneyCountries in the Global South are not poor because of culture, collective IQ, a lack of entrepreneurial...

Bitcoin is quickly leaving exchanges at a rate not seen in years, with almost 80,000 bitcoin being moved off platforms over the last 30 days.The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

As we venture into the year 2022, Proof of Reserves is emerging from a niche concept into a fledgling industry standard.In January 2020, Bitcoin Magazine published a description of “Why Proof of Reserves is Important to Bitcoin.”The timing was no accident - the recent anniversary of the QuadrigaCX’s...

The company recently passed an independent audit on its bitcoin holdings and has enabled a ‘Proof of Reserves’ feature to its customers.Kraken customers can now independently verify that the bitcoin funds they hold on the cryptocurrency exchange are backed by actual assets after the firm launched its Proof of Reserves feature, enabling a new level of transparency and accountability to emerge in...

The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins.