Latest news with #PoR
Barnama
5 days ago
- Business
- Barnama
Bitget's July Proof-of-Reserves Report Shows 45% Increase In User Holdings For Bitcoin (BTC)
VICTORIA, Seychelles, July 25 (Bernama) -- Bitget, the world's leading cryptocurrency exchange and Web3 company, has released its latest Proof-of-Reserves (PoR) data reveals a sharp increase in user-held Bitcoin, with BTC balances surging over 45% month-on-month in July. This marks the strongest growth across all major assets tracked on the platform. According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.
Business Recorder
5 days ago
- Politics
- Business Recorder
Dar to meet Rubio for key talks today
ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Ishaq Dar is slated to meet US Secretary of State, Senator Marco Rubio on Friday (today) in Washington DC to cover a wide range of bilateral and regional issues, including Pakistan-India tension, de-escalation, Pakistan-India ceasefire agreement, and regional development. 'Discussions will emphasise the importance of diplomacy and Pakistan-India dialogue in South Asia,' Foreign Office (FO) Spokesperson Shafqat Ali Khan stated this during a weekly media briefing on Thursday. When asked about American officials' statements to host Pakistan-India FMs over luncheon on Friday, he, however, showed ignorance about such a meeting. Rubio tells PM: US seeks Pakistan's help for ME peace To another question, Ambassador Shafqat Ali Khan said that Pakistan maintains that the path to lasting peace in South Asia lies in meaningful dialogue. 'It is for India to decide whether it wishes to engage constructively. We believe India should be thankful to the US for its role in de-escalating recent tensions, which led to a ceasefire. The causes leading to the ceasefire are well known. Any misadventure by India will receive a firm and proportionate response,' he asserted. The spokesperson emphasised that Pakistan remains ready to safeguard its sovereignty and territorial integrity. Responding to queries, the FO spokesperson dismissed the reports that the visit of the President of Iran was slated for July 26, however, dates are currently being finalised by the foreign ministries of both countries. 'Bilateral relations, trade, economy, people-to-people contacts, and much-stalled Pak-Iran gas pipeline project, will feature prominently in the agenda during Iran's President visit to Pakistan,' he remarked. Pakistan remains committed to supporting the people of Gaza. Unfortunately, Israeli restrictions have hindered humanitarian access. Pakistan continues to urge all parties to come to the negotiating table and adopt peaceful means to resolve the conflict. Regarding the renewal and registration of Proof of Registration (PoR) cards for Afghan refugees, he highlighted a decision is awaited from the Ministry of Interior. Shafqat Ali Khan said that Interior Minister Mohsin Naqvi's recent visit to Afghanistan was of considerable importance. He said the presence of terrorist sanctuaries in Afghanistan remains a major obstacle and impediment to regional peace. The spokesperson has also brushed aside the speculation about the recognition of the Taliban government in Kabul, terming it premature. He added that Pakistan-Afghanistan Preferential Trade Agreement (PTA) is an early harvest initiative and is expected to progress further in the near future. Pakistan remains committed to enhancing economic and trade ties with Afghanistan. Pakistan supports a peaceful resolution of the Iran nuclear issue through negotiations. Stability in the region depends on dialogue and mutual understanding. The FO spokesperson announced that Pakistan is actively pursuing full membership of BRICS and is serious about contributing to the grouping's goals and vision. Copyright Business Recorder, 2025
Associated Press
5 days ago
- Business
- Associated Press
Safeguarding Users' Assets: BTCC Reports Total Reserve Ratio of 132% For July, ETH Leads At 170%
By Meg Flippin Benzinga DETROIT, MICHIGAN - July 24, 2025 ( NEWMEDIAWIRE ) - BTCC, one of the world's longest-serving cryptocurrency exchanges founded fourteen years ago, had a total reserve ratio of 132% for July, marking the fourth month in a row in which it maintained reserves well above 100%. The reserve ratio is the amount of customer funds the exchange holds in reserve compared to the amount of customer funds deposited. It measures the exchange's ability to cover withdrawals by customers. The higher the reserve ratio, the greater the exchange's ability to meet withdrawals; the lower the reserve ratio, the higher the risk the exchange could run into trouble. BTCC, which prides itself on transparency, has been releasing Proof of Reserves (PoR) reports since April, and reserves have been above 100% in every month since then. Safeguarding Users' Assets Proof of Reserve is an audit procedure that verifies assets held by exchanges through cryptographic proof, public wallet ownership checks and repeated audits, reports BTCC. Custodians provide transparent proof that on-chain reserves truly exist, demonstrating that the total tokens held and freely available on the platform are greater than or equal to the total token assets of all users. In centralized trading platforms, each user's assets are recorded through a ledger in a database. Securely proving that the platform is properly safeguarding all users' assets is a challenge that each platform must address. BTCC uses Merkle tree tools to verify platform reserves and user asset proof reports, allowing users to verify their assets within the platform. Being able to verify the assets can give users peace of mind that their assets are safe. Several cryptocurrency exchanges have gone under over the years, including FTX and BlockFi, resulting in large losses for customers. In April, BTCC reported that the ratio was 161%. In May, the figure was 152%, and in June, it was 135%. Ethereum Leads The Way In the latest PoR report, BTCC said the exchange had strong asset backing across all major cryptocurrencies, with Ethereum showing the highest reserve ratio at 170%. Bitcoin, the world's leading cryptocurrency, has a reserve ratio of 120%, while XRP has a reserve ratio of 145% and Tether has a reserve ratio of 143%. USD coin ended the period under review with a reserve ratio of 110% while Cardano had a reserve ratio of 120%. BTCC said the strong reserves across all the digital coins demonstrate the exchange's commitment to maintaining sufficient reserves 'July has been a remarkable month for the cryptocurrency market,' said Alex Hung, head of operations at BTCC Exchange. 'Rising geopolitical tensions and new US tariff policies have driven increased safe-haven demand, with Bitcoin breaking through the historic $120,000 milestone for the first time. Throughout this period of market volatility, BTCC has maintained its strong financial position while continuing to grow both our asset base and user community.' BTCC: Standing The Test Of Time With Zero Security Incidents BTCC is one of the world's longest-serving cryptocurrency exchanges, founded in June 2011, providing crypto futures trading services to users worldwide. The exchange offers perpetual futures on over 390 crypto and spot trading on more than 300 currencies, including BTC, ETH, DOGE, LTC, SOL, XRP and SHIB. The cryptocurrency exchange adopted industry-leading security standards early on, which it credits with zero security incidents since its inception fourteen years ago. As of April, BTCC has over 9.1 million registered users around the world. For the second quarter, BTCC reported a volume of $850 billion in futures trading. Crypto exchanges come and go but BTCC has been able to stand the test of the time, thanks to its security, transparency and ability to safeguard customers' assets. With reserve ratios that surpass 100% for consecutive months, BTCC is demonstrating why it's one of the world's longest-serving cryptocurrency exchanges. Featured image fromShutterstock. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. This content was originallypublished on further disclosureshere. View the original release on
Toronto Star
5 days ago
- Business
- Toronto Star
Bitget's July Proof-of-Reserves Report Shows 45% Increase in User Holdings for Bitcoin (BTC)
VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — Bitget, the world's leading cryptocurrency exchange and Web3 company, has released its latest Proof-of-Reserves (PoR) data reveals a sharp increase in user-held Bitcoin, with BTC balances surging over 45% month-on-month in July. This marks the strongest growth across all major assets tracked on the platform. According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
Bitget's July Proof-of-Reserves Report Shows 45% Increase in User Holdings for Bitcoin (BTC)
VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — Bitget , the world's leading cryptocurrency exchange and Web3 company, has released its latest Proof-of-Reserves (PoR) data reveals a sharp increase in user-held Bitcoin, with BTC balances surging over 45% month-on-month in July. This marks the strongest growth across all major assets tracked on the platform. According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%. The substantial surge in user asset holdings follows ongoing efforts across the industry to promote transparent reserve practices. Bitget continues to publish real-time reserve data via Merkle Tree infrastructure and open-source verification tools. As of July 23, the platform maintains a reserve ratio of over 200% across major assets, double the industry benchmark of 100%. 'This increase in on-platform user assets, especially Bitcoin, shows a bit of the broader trend in user behavior, where traders and institutions increasingly may favor exchanges that allow independent asset verification,' said Gracy Chen, CEO at Bitget. 'Our priority will always be to keep maintaining Bitget as one of the largest most secure platforms for crypto trading,' she added. The POR growth in July also corresponds with improved market sentiment and heightened institutional interest in digital assets, particularly following the recent price stabilization of Bitcoin above the $110,000 threshold. Bitget's PoR methodology includes monthly snapshots and daily updates of asset balances, matched against liabilities through publicly auditable cryptographic proofs. The platform's reserve transparency continues to be a key differentiator as global regulators intensify demands for accountability from centralized exchanges. For July, all reserve figures exceed the 100% mark across BTC, ETH, USDT, and USDC, and the exchange remains one of the few top-tier platforms to continuously publish real-time snapshots for user review. This consistent transparency is increasingly valued by both retail and institutional users seeking safeguards against mismanagement or opaque balance sheet practices. To know more about Proof of Reserves, please visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™ , one of the world's most thrilling championships. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . A photo accompanying this announcement is available at
