NY Fed, banks wrap up regulated liabilities network proof of concept using wCBDC
The theoretical network would help the dollar maintain its status internationally with “game changing” improvements in service.
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Tether assets exceed liabilities in new reserves report by BDO
As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.
BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022.
Binance proof-of-reserves is 'pointless without liabilities': Kraken CEO
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.