7 months ago
Date: 23 Nov 2022 - 18:36
According to data shared by crypto influencer John Brown 91 of Bitfinex exchanges reserves are Bitcoin BTC and Ethereum ETH.Coinbase follows Bitfinex as a close second by having 63 of its reserves in Bitcoin and Ethereum according to additional information added by Brown.The ratio of reserves held in BTC amp ETH differs strongly per exchange. Data from cryptoquantcom pic.twitter.comUwxRrS5Ltcmdash John Brown johnjbrown November 21 2022Crypto.com comes as the third exchange with the most significant Ethereum and Bitcoin percentages at 52.Leading exchange Binance is placed at the bottom of the list by having only 15 of its reserves consisting of Bitcoin or Ethereum.Proof of reservesUpon the FTX collapse Binance CEO Changpeng Zhao suggested that all exchanges publish their proofofreserves. Many exchanges followed Zhaos advice and published their documents including Bitfinex Crypto.com Binance OKX and Coinbase.According to its proofofreserves Bitfinex holds around 207356.67967717 Bitcoins and 1225.600 Ethereums.Crypto.coms 52 equates to 53024 Bitcoins and 391564 Ethereum according to its proof of reserves. The exchange also stated that its Bitcoin and Ethereum are worth around 3 billion when combined with Crypto.coms other holdings.Binance also published its proof of funds on Nov. 11. The exchange disclosed that it held around 69 billion worth of digital assets. It also detailed that it had 475000 Bitcoin and 4.8 million Ethereum which consists of only 15 of the exchanges reserves. Binance also holds 58 million BNB and 17.6 billion USDT amongst others.OKX and Coinbase on the other hand revealed that they back all their users assets at 11 by real funds.The post Bitfinexs reserves are 91 Bitcoin Ethereum appeared first on CryptoSlate.
Read in the sourceShare this page
Crypto Overview Show morenavigate_next
| USDT Market | Price | Change (24H) | Market Cap | Last 7 Days |
|---|---|---|---|---|
|
39997.79 $ | 0 % | 760.32 Billion $ |  |
|
3001.33 $ | 0 % | 360.05 Billion $ |  |
|
1.001 $ | 0 % | 82.65 Billion $ |  |
|
398.86 $ | 0 % | 59.29 Billion $ |  |
|
1.004 $ | 0 % | 50.96 Billion $ |  |
|
101.49 $ | 0 % | 33.28 Billion $ |  |
|
0.122 $ | 0 % | 31.52 Billion $ |  |
|
0.7024 $ | 0 % | 30.96 Billion $ |  |
|
82.96 $ | 0 % | 29.44 Billion $ |  |
|
0.9455 $ | 0 % | 29.42 Billion $ |  |
Crypto News Show morenavigate_next
On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proofofwork PoW to proofofstake PoW is now 29 days away. Amid The Merge update from the Ethereum Foundation during the last month Ethereum network costs have printed some of the lowest onchain fees since 2020.Ethereum Foundation Clarifies x2018Gas Fees Are a Product
Bank of America has forecasted that the U.S. economy will slide into a recession this year. A number of forces have coincided to slow economic momentum more rapidly than we previously expected the banks economists said.13US Economy Heading Into a Recession This Year Says Bank of America13Bank of Americas economists now expect a recession in the U.S. this year. In a report published Wednesday they
Ethereum price has struggled in the past few months as investors remain concerned about several factors. The ETH token is trading at 1083 which is significantly lower than its alltime high of near 5000. The coinrsquos market cap has dropped to about 131 billion. At its peak Ethereum was valued at over 600 billion.DeFi NFT Gaming growth concernsEthereum price has crashed as investors continue worry
PAX Gold is a cryptocurrency and gold hybrid that bridges the gap between the two investment options. It offers the security and stability of cryptocurrencies.
Ethereum rose above 1700 while bitcoin snapped a sevenday losing streak on Friday with prices rebounding in todays session. The move came ahead of this afternoons payrolls report which is expected to show that 250000 jobs were added to the U.S. economy in July. BitcoinAhead of the nonfarm payrolls report bitcoin BTC was back in the green on Friday as the token rebounded following recent declines.F
The president of Panama Laurentino Cortizo has declared he will not sign the recently approved cryptocurrency bill passed by the National Assembly of the country in its current form. Cortizo stated that one of his main concerns about the bill is the stance it takes regarding money laundering activities and crypto. Cortizo may approve some parts of the bill while vetoing others.Panamas President Co
Over 1.2 billion worth of the flagship cryptocurrency Bitcoin BTC have been moved to cryptocurrency trading platforms amid a wider cryptocurrency market downturn that has seen Terras LUNA lose over 85 of its value in 24 hours. According to crypto analytics firm Santiment a net sum of around 40620 BTC worth over 1.2 billion has
Bentley University the private university located in Waltham Massachusetts has revealed it now accepts digital currencies for tuition payments. Bentley Universitys president explained that the school has been at the forefront in preparing business leaders and further remarked that the faculty is proud to embrace the same technology its students are learning about today.13Bentley University Partner
The U.S. Securities and Exchange Commission SEC has charged cryptocurrency lending platform Blockfi in a firstofitskind action. The crypto lender has agreed to pay 100 million to settle the charges and pursue necessary registrations.SEC Charges Crypto Lending Platform BlockfiThe U.S. Securities and Exchange Commission SEC announced Monday that crypto lending platform Blockfi has agreed to pay 100
Filecoin is more than just storage one can think of it as an Airbnb for cloud services.
The post Bitcoin BTC Price Smashed the Crucial 43K Levels But What Changed All of a Sudden appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideBitcoin price was presumed to revisit lower support around 30000 for a pretty long time. But the crypto space turned the tables completely and appears to have ended the correction to some extent. A huge buying volume uplifted the p
Mark Cuban is showing his support for Ethereum. The imminent Ethereum 8220merge8221 a highly awaited upgrade for the blockchain that would significantly lower its ecological footprint has the endorsement of billionaire Mark Cuban. Cuban a Shark Tank investor160tells Fortune that he supports the merger. 8220I believe that the issue of energy utilization is crucial.8221 The 8230
The retail trading firm announced on Twitter it now lets all users transfer bitcoin and cryptocurrencies in and out of its platform.Retail trading app Robinhood has enabled bitcoin transfers in and out of its app for all users the companys Twitter account announced Thursday.Crypto transfers are here the tweet read. You can now send and receive all listed crypto assets on Robinhood.The tweet featur
The court filing is based not on Metas logo using the infinity symbol itself but rather on registering a trademark for use in fields offering similar goods and services.
Dappers official NFL platform has topped the NFT charts lately thanks to rising activity on days when realworld games are played.