River Secures Over $800 Million Worth of Bitcoin, Launches Proof of Reserve

2024-9-23 17:05

River, a leading U.S. Bitcoin exchange, has launched River Proof of Reserves to provide clients with verifiable proof that their Bitcoin holdings are fully reserved. This sets a new transparency standard for the industry after recent failures of exchanges like FTX shook consumer trust.

River CEO Alex Leishman stated, "River Proof of Reserves is about more than verifying our balances; it's about reinforcing River's commitment to integrity and long-term client trust." He added, "Our goal is to build unshakable trust with our clients. Proof of Reserves is the gold standard for Bitcoin custody."

The new feature allows clients to independently confirm that River holds their Bitcoin in full reserve multi-sig cold storage. River currently secures over $800 million worth of Bitcoin for its clients. 

According to Leishman, "We're leading by example by proving every month that your Bitcoin is exactly where we say it is." After recent failures, he encouraged the industry to adopt similar transparency standards to rebuild trust.

The added transparency also prevents fractional reserve practices from destabilising fiat currencies and leading to bank failures. If more Bitcoin exchanges prove full reserves, it could restore faith in intermediaries while stopping dangerous leverage in the system.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

PROOF (PF) на Currencies.ru

$ 0.0523461 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -25.66 %
Cегодня L: $0.0523461 - H: $0.0523461
Капитализация $0 Rank 9758
Доступно / Всего 0 PF / 100m PF

river bitcoin proof worth reserve million reserves

river bitcoin → Результатов: 76


Фото:

Montana Set to Be the Next Green Energy-Powered Bitcoin Mining Hub

As various sectors of the global economy keep making serious efforts to reduce their carbon footprints, Montana-based Madison River Equity LLC is putting preparations in top gear to install a 1,600-acre, 300-megawatt solar facility that could transform the city into a global bitcoin (BTC) mining hub, and provide thousands of job opportunities for residents, accordingRead More

2021-5-29 21:00


Фото:

Майнинговая компания из Китая впервые разместила акции на американской бирже

Один из крупнейших производителей оборудования для майнинга, китайская компания Canaan Creative, 20 ноября разместила свои акции на американской фондовой бирже NASDAQ. Как передает Bloomberg, компания привлекла $90 млн.

2019-11-21 13:18


Фото:

IBM in Three-Way Blockchain Partnership for Sustainable Groundwater Project

The Freshwater Trust (TFT)  a conservation non-profit focused on preserving and restoring freshwater ecosystems, IBM Research  and SweetSense have allied to launch a distributed ledger technology (DLT) pilot that would accurately and transparently measure groundwater usage in real-time in the Sacramento San Joaquin River Delta in California, reported enterprise times on February 11, 2019.

2019-2-12 20:00