• Mazars Group cut ties with Larger Crypto exchanges after releasing Proof Of Reserves for other Crypto Exchange

    A week ago, top copy trading crypto exchange, BingX released Proof of Reserves after an audit done by Mazars Group.

    Proof of reserves is a way for a company or organization to prove that it holds a certain amount of assets or financial instruments, such as cash, securities, or cryptocurrency, in reserve. This is often done to demonstrate financial stability, transparency, and accountability to customers, stakeholders, or regulators.

    There are various ways to provide proof of reserves. A company may publicly disclose its financial statements, which are audited by an independent third party and include details about the company's assets and liabilities. The audited company may also provide proof of reserves by allowing an independent auditor to verify the existence and ownership of its assets.

    In the context of cryptocurrency, proof of reserves is a way for a cryptocurrency exchange or wallet provider to prove that it holds the amount of cryptocurrency that it claims to hold. This is important because it ensures that customers can trust that the exchange or wallet provider has sufficient funds to meet customer withdrawals and other financial obligations.

    Binance's Spokeperson told CNBC ,“Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance.”

    After news broke, crypto exchanges , Crypto.com and Kucoin added that Mazars Group had already delivered the Proof of Reserves.


    Mazars Group cut ties with Larger Crypto exchanges after releasing Proof Of Reserves for other Crypto Exchange A week ago, top copy trading crypto exchange, BingX released Proof of Reserves after an audit done by Mazars Group. Proof of reserves is a way for a company or organization to prove that it holds a certain amount of assets or financial instruments, such as cash, securities, or cryptocurrency, in reserve. This is often done to demonstrate financial stability, transparency, and accountability to customers, stakeholders, or regulators. There are various ways to provide proof of reserves. A company may publicly disclose its financial statements, which are audited by an independent third party and include details about the company's assets and liabilities. The audited company may also provide proof of reserves by allowing an independent auditor to verify the existence and ownership of its assets. In the context of cryptocurrency, proof of reserves is a way for a cryptocurrency exchange or wallet provider to prove that it holds the amount of cryptocurrency that it claims to hold. This is important because it ensures that customers can trust that the exchange or wallet provider has sufficient funds to meet customer withdrawals and other financial obligations. Binance's Spokeperson told CNBC ,“Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance.” After news broke, crypto exchanges , Crypto.com and Kucoin added that Mazars Group had already delivered the Proof of Reserves.
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  • https://cryptogilbert.blogspot.com/2022/10/bingx-is-first-to-launch-usdt-insurance.html
    https://cryptogilbert.blogspot.com/2022/10/bingx-is-first-to-launch-usdt-insurance.html
    BingX is the first to launch a USDT insurance feature for copy trading
      BingX is the first to launch a USDT insurance feature for copy trading Users that trade on BingX platform can now activate new subsidy vou...
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  • BingX Launched a New Bug Bounty Program on Hackenproof

    BingX, the leading crypto social trading exchange, introduced a new bug bounty program on Hackenproof. HackenProof is a Web3.0 bug bounty platform trusted by the crypto market that connects its customers with the global hacker community to uncover security issues in their products.

    This program pays both users and security researchers to find and report bugs in its ecosystem. BingX offers payouts of up to $4,000 USDT per critical vulnerability discovered, with smaller rewards for less critical bugs. It opens a door to the community and aims to shape a security-first platform with four top priorities - BingX's website, its API, Android, and iOS apps. This program will be valid for a long time with open-ended bounty rewards.

    "This bug bounty program aims to improve the overall security and risk control of the platform. In the context of the recent bear market, it is more important than ever that crypto exchanges continue to hone the technologies and practices that contribute to a strong security posture.  User safety is always our top priority," said Elvisco Carrington, PR and Communications Director at BingX. "Fully delivering on this mission takes time and constant improvement. It is great to see our achievements as we continue to enhance our technological capability and services for our users."

    BingX is committed to build a safe, simple, and reliable platform that constantly provides users incentives and ways to get the most out of trading. From popular pairs like BTC/USDT, ETH/USDT to lesser known coins, BingX is always seeking new and improved ways to create a user-centric experience. Users can expect frequent upgrades in all facets of their trading experience on BingX.

    About BingX
    Founded in 2018, BingX is a Crypto Social Trading Exchange that offers BTC USDT, XRP USDT, ETH USDT and Luna USDT to more than 100 countries worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, simple, and transparent way.

    Official Crypto Exchange App: https://play.google.com/store/apps/details?id=pro.bingbon.app

    BingX Launched a New Bug Bounty Program on Hackenproof BingX, the leading crypto social trading exchange, introduced a new bug bounty program on Hackenproof. HackenProof is a Web3.0 bug bounty platform trusted by the crypto market that connects its customers with the global hacker community to uncover security issues in their products. This program pays both users and security researchers to find and report bugs in its ecosystem. BingX offers payouts of up to $4,000 USDT per critical vulnerability discovered, with smaller rewards for less critical bugs. It opens a door to the community and aims to shape a security-first platform with four top priorities - BingX's website, its API, Android, and iOS apps. This program will be valid for a long time with open-ended bounty rewards. "This bug bounty program aims to improve the overall security and risk control of the platform. In the context of the recent bear market, it is more important than ever that crypto exchanges continue to hone the technologies and practices that contribute to a strong security posture.  User safety is always our top priority," said Elvisco Carrington, PR and Communications Director at BingX. "Fully delivering on this mission takes time and constant improvement. It is great to see our achievements as we continue to enhance our technological capability and services for our users." BingX is committed to build a safe, simple, and reliable platform that constantly provides users incentives and ways to get the most out of trading. From popular pairs like BTC/USDT, ETH/USDT to lesser known coins, BingX is always seeking new and improved ways to create a user-centric experience. Users can expect frequent upgrades in all facets of their trading experience on BingX. About BingX Founded in 2018, BingX is a Crypto Social Trading Exchange that offers BTC USDT, XRP USDT, ETH USDT and Luna USDT to more than 100 countries worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, simple, and transparent way. Official Crypto Exchange App: https://play.google.com/store/apps/details?id=pro.bingbon.app
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    Bitcoin, AXS, Safemoon, Solana. Spot, Futures and Copy Crypto trade on BingX.
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