proof of reserves
Coverage of proof of reserves in the Nexus archive.
- Block (XYZ) Touts Bitcoin as ‘Everyday Money’ With 800,000 Merchants Now Accepting It
Block (XYZ) announced 800,000 Square merchants now accept Bitcoin payments, emphasizing Bitcoin as 'everyday money.' The company introduced new features like tap-to-pay via the Lightning Network and expanded Cash App's Bitcoin capabilities, including auto-conversion and higher withdrawal limits.
- Block Revamps Bitcoin Ecosystem With Bitkey Wallet, Cash App Features, and Proof of Reserves
Block (NYSE: XYZ) introduced Bitcoin-focused products including the Bitkey hardware wallet, expanded Cash App features for Bitcoin accumulation and spending, and a Proof of Reserves system. The updates aim to enhance custody, payments, and financial infrastructure across its ecosystem.
- A year since the Bybit thing and honestly my takeaway isn't what I expected
A user recounts their experience with Bybit during a crisis a year ago, noting that despite initial fears, their funds were secure. The CEO addressed the issue live, provided transparency, and ensured withdrawals remained open. The user highlights Bybit's effective disaster response as a rare positive example in the crypto industry.