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Tag: overcollateralized

Tether pledges to stop issuing secured loans from its reserves

Tether on Tuesday addressed the FUD around secured loans. The secured loans held in Tether’s reserves are...

XRP Whales Are Moving Millions From Binance as Looming Litigation Causes Record Outflows

Advertisement &nbsp &nbsp The deep-pocketed investors are transferring funds outside Binance. Binance is under investigation by US regulators for money laundering claims. XRP whales...

Tether to reduce secured loans to zero by 2023

Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post.A...

Will This Move By Tether Finally Put All FUDs To Rest?

With mounting concerns over Tether’s growing number of secured loans and it being a reason for the stablecoin issuer’s eventual demise, Tether came...

Platypus Launches Native Stablecoin USP

Hong Kong, Hong Kong, 13th December, 2022, Chainwire Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving...

Markets: Bitcoin, Ether rise in mixed trading; U.S. equities gain ahead of inflation data

Bitcoin and Ether rose in Tuesday morning trading in Asia, with other top 10 non-stablecoin cryptocurrencies putting in a mixed performance. BNB and Dogecoin...

KuCoin’s BTC, ETH reserves overcollateralized, says auditor Mazars

KuCoin, a Seychelles-based cryptocurrency exchange, on Monday released its proof of reserves report issued by third-party auditor Mazars, which concluded that the exchange’s Bitcoin,...

Binance’s proof of reserves raises red flags: Report

Binance's efforts to improve transparency of its reserves also exposed red flags in the crypto exchange's finances, according to accounting and financial specialists consulted...

Kraken’s CEO Slams Binance’s Proof Of Reserves System Even After “Merkle Tree Audit”

Advertisement &nbsp &nbsp Day’s after publishing the so-called Proof-Of-Reserves, Binance released a new report on Wednesday showing that its customer’s Bitcoin reserves are overcollateralized. The...

FalconX Discloses Assets Locked on FTX

"Recent events have validated our approach to risk management. We are market risk neutral and extend credit overcollateralized on our platform. We utilize real-time...

Bitcoin-Backed Loans

Loaning your bitcoin invites an element of risk that you may not need to incur. You should not make any financial, investment, trading or...

Top Auditing Firm Finds Binance’s Bitcoin (BTC) Reserves Collateralized by More Than 100%

Crypto exchange giant Binance has enough reserves to back its users’ Bitcoin (BTC), according to global auditing firm Mazars. The auditing report comes after Binance...

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