BTC Reserves

Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges

December 23, 2022 Bitcoin.com

accountancy firms

According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner

December 4, 2022 Bitcoin.com

1FzWLk

Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a ‘mysterious whale,’ even though the wallet had shown strong characteristics of being a cryptocurrency exchange. The address known as “1P5ZED” has since been replaced by another address, after the wallet started to transfer its entire bitcoin balance in […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon

November 25, 2022 Bitcoin.com

101% ratio

On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while the company’s customer net balance is roughly 575,742 bitcoin. Binance’s Bitcoin […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange

November 20, 2022 Bitcoin.com

2.77%

While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from cryptoquant.com indicate that Binance’s bitcoin reserves reached an all-time high on Nov. […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC

October 17, 2022 Bitcoin.com

2021

During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates. $1.1 […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

July 18, 2022 Bitcoin.com

2021

During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide

July 10, 2022 Bitcoin.com

Analytics

Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as there’s 2.275 million held on trading platforms today. Glassnode reported on July 5, that despite bitcoin’s “weak price-action through […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

May 15, 2022 Bitcoin.com

bitcoin reserves

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm, Elliptic, published a blog post that summarizes where the bitcoin was […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Luna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC

March 26, 2022 Bitcoin.com

$1.1 million in BTC

During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion. LFG’s Gnosis safe address shows over the last four days, there’s been 660.6 million tethers sent out of the foundation’s wallet. Do […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowest in 3 Years

March 19, 2022 Bitcoin.com

Altcoins

While the second-largest crypto asset by market cap has gained more than 15% in value against the U.S. dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks. In less than two years, more than 29% of the ether held on exchanges has left centralized […]

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown