10 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
CryptoSlate recently spoke to Tyler Bond 8220Familiarcow8221 the Communications Director at Nine Realms a company building core infrastructure on THORchain which has just announced a mainnet launch.We talked with Bond about why THORchain was different from other liquidity protocols the issues with DeFi smart contracts anonymous development the future of THORchain and why true decentralization matt
Crypto research and analytics firm Messari has raised 35 million from a new Series B round to grow its data offerings and tools.Messari cofounder Ryan Selkis announced the new fundingduring the ongoing Mainnet 2022 Summit. The fund will be invested in growing its team and developing its newlylaunched products.Messari recently launched two new products Protocol Metric and Data apps. Protocol Metric
The post Cudos And MELD Announce Team Up To Increase Crypto Mining appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideOne of the remarkable things about the evolution of the blockchain sector in the last decade is that there is greater collaboration between the various subsectors in the industry. Concepts like DeFi NFTs crypto and so on are constantly being brought under
Coinbase Ventures will conduct an inperson pitching event in Bengaluru to help accelerate Indias financial inclusion goals via crypto and Web3 investments.
Blockpool.io has deployed a highly customised sidechain of its blockchain for a groundbreaking new song identifier system. Developed by music industry platform Family in Musicand launching in Spring 2022 the system uses Blockpools core technology to create NonFungible Tokens NFTs that uniquely identify a songwriters participation in the creation of a song.This is combined with thirdparty Know Your
Decentralized exchange on Cardano blockchain Network is now live on mainnet. Team did a great job to keep the users away from network congestion issues.Cardano is the 2nd biggest smart contract network and this is popularly known for its high security and high potential to handle the traffic in its blockchain network. After the Alonzo Hardfork many Defi projects started working in the Cardano Bloc
AVAX and LUNA were some of the biggest gainers in crypto markets on Wednesday as the recent bearish sentiment has momentarily faded. As of writing the global crypto market cap was 4.51 higher than at the same point yesterday.Terra LUNAAVAX is currently trading over 12 higher in todays session climbing to its highest level since Sunday in the process.Despite these doubledigit gains it was another c
3.37 trillion Shiba Inu tokens were scooped up160by the puzzling SHIB Whale in a single transaction. In a single transaction the New Shiba Inu SHIB whale acquired Shiba Inu SHIB worth 42.76 million. According to Etherscan.io data the mysterious wallet that appeared about a day ago amassed a massive total of 3370315050342 3.37T SHIB and 8230
Veteran trader Peter Brandts latest remarks which mock crypto traders still using laser eyes crypto memes have sparked an immediate and angry response from bitcoiners on Twitter. One very famous bitcoiner Michael Saylor reminded Brandt that the laser eyes signify a longterm commitment to bitcoin based on its ethical technical and economic superiority to alternative assets. Technical analyst and in
The post Bitcoin Downtrend Not Over Analyst Maps Potential Bottom Levels For BTC Price appeared first on Coinpedia Fintech NewsThis week might be interesting for Bitcoin to watch its price levels as the upcoming FOMC meeting will play a vital role in driving its price further. In the last few days Bitcoin registered a significant spike due to the US stock markets upward movement with 3.4 gains and
Bitcoin miners continue to operate at a loss as longterm holders are selling at a loss according to an onchain analysis from Glassnode.The firm estimates that industry players are still selling roughly 8000 BTC per month to cover their USDdenominated business costs.Miners in the RedAs tweeted by Glassnode on Wednesday miner balances have seen large outflows since Bitcoins failed retest of 24500 in
Optimisms OP token shed over 9 of its value in the last 24 hours after the team made an unannounced transfer of 450 million worth of the tokens from its multisignature wallet.We39re seeing some confusion about recent transfers of OP out of a multisig. This is expectedtoday we executed a series of planned standard transfers to the Coinbase Custody wallets of various investors in OP Labs PBC.mdash O
The post Peter Brandt End Of Bear Market For Dogecoin DOGE At 1 Soon appeared first on Coinpedia Fintech NewsThe meme king Dogecoin had seen a splendid price rally after Elon Musk completed a long pending Twitter deal. This is because the new Twitter CEO had earlier announced to introduce Dogecoin payments for Twitters blue services. It has also been reported that Elon Musks Twitter deal has inf
A crypto renaissance sees Bitcoin price challenge major resistance and longterm trendlines in a muchneeded show of strength.
Several major financial services firms including Citi Wells Fargo and BNY Mellon are investing in institutional digital asset technology provider Talos which aims to remove the barriers to widescale crypto adoption. The latest funding round values the company at 1.25 billion.Citi Wells Fargo BNY Mellon Participate in 105M Funding Round for Digital Asset Tech FirmA number of major financial service