Ethereum News Daily Official TheBitTimes.com

TrueUSD’s market capitalization is reported as $497 million on CoinGecko, $495 million on CoinMarketCap, and $502 million on the TrueUSD website. However, these numbers include up to $406 million TUSD tokens that Justin Sun-advised HTX has transferred to addresses that may be redemption addresses. Redemptions of TrueUSD involve clients sending funds back to specially designated redemption addresses that look a little strange. TrueUSD explained: “This address is very simple and contains many ‘0’s. This is intentional. You can redeem from any wallet (including exchange wallets) to this address, and all redemptions received by this address will be associated with your TrueUSD account.” Just over 100 days ago, HTX sent 80 million TUSD tokens to 0x7000000Cd0fc88461a74C9df0809B58E7F60ad34. This address appears to be one of the very simple addresses that would count as one of those redemption addresses.  There are also several other HTX transacti...

Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals. Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard. In an X post, Mario Mosböck stated the pair’s ‘ mission is to guide the new leadership group to build the world’s best online poker site .’ Read CoinPoker’s proof of reserves report here. I partnered with @CoinPoker_OFF as an official ambassador. Alongside @padspoker our mission is to guide the new leadership group to build the world´s best online poker room. This huge challenge will only succeed by serving our community and we need your hel...