OKX Latest Proof of Reserves Shows Exchange Over-collateralized
The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.
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Custody
The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.
Onramp is harnessing multisig security, in which multiple custodians control the private keys to the bitcoin being held, tapping BitGo to perform this role alongside Coincover and Kingdom Trust.
Komainu clients will be able to benefit from the firm’s on-chain custody while gaining access to off-exchange settlement over ClearLoop.
The miner is adding Fidelity to diversify its bitcoin (BTC) custody.
Swan and Blockstream’s aim is to allow users to retain ultimate control of their bitcoin (BTC) while knowing that is stored in a highly secure way.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto “hucksters” in congressional testimony on Wednesday, declining to answer the industry’s most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.
Boerse Stuttgart Digital, the crypto-focused arm of the Stuttgart Stock Exchange, has already obtained a digital asset custody license in Germany.
“It’s important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin,” Cory Klippsten, CEO of Swan, said.
A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.
If a financial giant can’t navigate the red tape, who can?