Tagged: transparency

November 17, 2024 @ 6:09 pm By Omar Faridi  |  

Kaspersky is announcing the opening of its latest Transparency Center in Seoul, South Korea, reaffirming its commitment to delivering the best security assurance for its products and services. Located in the Kaspersky office, the new facility will provide “the company’s stakeholders with services ranging from… Read More

November 4, 2024 @ 4:08 pm By Omar Faridi  |  

Digital assets firm OKX has recently released its 24th consecutive Proof of Reserves (PoR) report, reportedly showcasing $20.3 billion in primary assets. As noted in the update from OKX, this latest report marks the two-year anniversary of their PoR program, which the company claims sets… Read More

November 4, 2024 @ 8:43 am By Omar Faridi  |  

Ripple releases the quarterly XRP Markets Report to provide transparency and updates on the company’s views on the state of crypto markets and relevant XRP Ledger as well as XRP-related announcements. As an XRP holder, Ripple says it believes in “proactive” communication and transparency and… Read More

August 22, 2023 @ 9:14 pm By Omar Faridi  |  

When Hyperion Decimus Founders Chris Sullivan and Matt Rosen launched the quant fund they had one “headache” to solve: mitigating counterparty risk. Self-custody wasn’t secure enough, so they “started the process of carefully vetting potential custodians.” That’s how they reportedly chose BitGo. Sullivan said: “BitGo… Read More

August 17, 2023 @ 8:35 am By Omar Faridi  |  

Binance recently released its newest Proof of Reserves (PoR) report “causing the Binance Coin (BNB) to rise” (although this could be due to other market conditions). Meanwhile, emerging hybrid exchange Tradecurve (TCRV) is also “working towards implementing its own PoR.” As a result, it claims… Read More

August 2, 2023 @ 9:07 am By Omar Faridi  |  

Brad Garlinghouse, CEO at Ripple, says that they began sharing detailed reports to voluntarily provide updates of their XRP holdings. Sadly, however, they were used against them in the US Securities and Exchange Commission SEC lawsuit – however, he added that they remain steadfast in… Read More

May 14, 2023 @ 11:49 am By Omar Faridi  |  

Equifax (NYSE: EFX) is furthering its commitment to transparency in cybersecurity by making its security and privacy controls framework public for the benefit of security and privacy teams at organizations of all sizes. By enabling the larger technology ecosystem with the tools to design, build… Read More

April 27, 2023 @ 10:00 am By Omar Faridi  |  

As the world becomes more digitized, auction houses are turning towards decentralized technology to improve the auction process. Decentralized Finance (DeFi) technology is one such innovation that could transform the auction industry, bringing transparency, security, and accessibility to the table. With the rise of blockchain… Read More

February 26, 2023 @ 11:39 pm By Omar Faridi  |  

wefox, which claims to be one the world’s leading Insurtechs, has received the Digital Trust Label by The Swiss Digital Initiative, a Geneva based independent foundation for advancing digital trust and transparency globally. This Label recognizes wefox’s commitment “to data protection and information transparency.” The… Read More

February 3, 2023 @ 7:23 pm By Omar Faridi  |  

In an effort to lead the industry in “trust” and “transparency” on their mission to accelerate the adoption of cryptocurrency, Kraken is pleased to release its 2022 Transparency Report. The 2022 Transparency Report “provides a summary of how they protect their clients’ privacy and financial… Read More

January 2, 2023 @ 11:26 pm By Omar Faridi  |  

Nic Carter, Partner, Castle Island Ventures. Cofounder, Coinmetrics.io, says that it’s undeniable that momentum around cryptographic Proofs of Reserve “is gathering.” According to Nic Carter, this is “a genuine silver lining from the FTX debacle.” He writes in a blog post: “We may well yet… Read More

December 30, 2022 @ 11:00 am By Omar Faridi  |  

In 2022, Binance claims it ramped up its regulatory compliance and user protection initiatives. By working collaboratively with regulators worldwide, Binance reveals it has “secured registrations and licenses in 14 jurisdictions as of the end of 2022.” To further reinforce their commitment to fight against… Read More

December 29, 2022 @ 8:32 am By Omar Faridi  |  

RoRa Holdings, a provider of cryptocurrency assets, claims that it “commits itself to upholding the highest standards of security and transparency for investors, including a deep dedication to maintaining integrity within the cryptocurrency realm.” RoRa Holdings, a provider of crypto-assets, announced that it will be… Read More

December 12, 2022 @ 9:08 am By Omar Faridi  |  

Crypto.com, which claims it is “trusted” by more than 70 million customers world-wide and the “industry leader” in regulatory compliance, security and privacy certifications, has released its audited Proof of Reserves, “enabling users to verify that their crypto assets are fully backed (1:1) on our… Read More

December 8, 2022 @ 9:37 pm By Omar Faridi  |  

In a “proactive” response to calls for transparency among digital assets exchanges, WOO Network has launched “a real-time reporting of its assets and liabilities – the first in this industry.” WOO Network’s transparency dashboard, WOO X, “includes live data reporting that updates every 15 mins,… Read More

November 19, 2022 @ 7:07 pm By Omar Faridi  |  

The blowup of FTX and resulting market tumult has many in cryptocurrency citing the importance of “a core, original tenet of blockchain technology: transparency,” according to an update from Chainalysis. Chainalysis claims that “no other sector of the crypto ecosystem “embodies transparency more than DeFi,… Read More

November 13, 2022 @ 10:47 pm By Omar Faridi  |  

ChainUp, a global blockchain technology solutions provider, announced that it will be providing crypto exchanges “with a Merkle Tree Proof-of-Reserves solution to promote transparency of crypto assets.” A Merkle Tree is “a cryptographic tool that enables the consolidation of large amounts of data into a… Read More

October 11, 2022 @ 11:29 pm By Omar Faridi  |  

The OECD delivered a new global tax transparency framework “to provide for the reporting and exchange of information with respect to crypto-assets.” The Crypto-Asset Reporting Framework (CARF) “responds to a G20 request that the OECD develop a framework for the automatic exchange of information between… Read More

September 26, 2022 @ 10:41 pm By Omar Faridi  |  

Everimpact are partnering with STACS, a Singapore-based ESG fintech “to provide banks and corporates involved in the carbon market with greater trust and transparency.” Their partnership will “promote data-backed carbon credits with end-to-end traceability.” In the first phase of the project, Everimpact’s Digital carbon tracking… Read More

August 4, 2022 @ 8:54 am By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange, recently announced the appointment of its Co-Founder Yi He “as the new head of its venture capital (VC) arm and incubator, Binance Labs.” Binance CEO CZ (Changpeng Zhao) stated: “As… Read More