CandleFocus River Secures Over $800 Million Worth of Bitcoin, Launches Proof of Reserve
2024-09-18
Author: Content Editor
River, a major U.S. Bitcoin exchange, has launched a new feature called River Proof of Reserves to provide proof to clients that their Bitcoin holdings are fully reserved. This move aims to rebuild consumer trust in the wake of recent exchange failures. The feature allows clients to independently verify that their Bitcoin is held in full reserve multi-sig cold storage. River currently holds over $800 million worth of Bitcoin for its clients and aims to set a transparency standard for the industry. The added transparency can prevent fractional reserve practices and help restore faith in intermediaries while avoiding dangerous leverage in the system.
Related News
Jerome Powell Speech Hints Uncertainty In Future Rate Cuts US Fed Cuts Interest Rate By 0.50%, Will It Spark A Crypto Rally? Top Blockchains in Terms of Development Activity and Commits in the Past 7 Days Ethereum Layer 2 TVL Surges to $33.95 Billion, ETH Locked at All-Time High Real-world asset tokenization is the crypto killer app — Polygon exec It's time to update the SEC's disclosure process for crypto Donald Trump-backed World Liberty Financial Project draws skepticism from crypto advocates and critics alike OpenAI appoints former Coursera executive Leah Belsky as general manager of education XRP Whale Dump 18 Million Tokens, Will Price Drop? Crypto Legislation Hearing Likely To Spark Partisan Clash In Congress, Here's Why Bitcoin and gold line up as top outperformers in 2024 BlackRock Says Clients Are Buying Bitcoin to Hedge Against US Debt Crisis Former US President Donald Trump Made a Payment Using Bitcoin US Fed Meeting Today: When And Where To Watch Jerome Powell Speech Live Robinhood’s CLO Criticizes SEC’s ‘Scorched Earth’ Approach to Crypto Sui Price Eyes $1.5 Surge as MoviePass Partnership Fuels USDC Integration Sei Coin Streamlines Digital Asset Exchange Binance exec’s mother pleads with US gov’t to secure his release Economists Evaluated the Situation After the FED’s 50 Basis Points Rate Cut: What Do They Expect? Fractal Bitcoin: A Misleading Affinity $CKB Leads as Multiple Digital Assets Enter Accumulation Phase Massive Twitter Hack Tries, Fails to Promote Crypto Scam in 'Most Incompetent' Hack of the Year Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes How Much Bitcoin El Salvador Owns Updated: They Used to Buy 1 BTC Every Day, Here’s Their BTC Stash SEC Boss Issues Warning to Crypto Exchanges Longevity expert draws link between Bitcoin and anti-aging communities PayPal’s PYUSD stablecoin tapped for transaction settlement on new TrueX exchange SUI’s Bullish Breakout at Risk, Will Fed Rate Cut Impact Rally? BNB, Bitcoin Cash, Aptos price analysis as Fed cuts interest rates XRP Price Prediction for September 18 JPMorgan and Central Banks Join BIS Blockchain Project MatrixPort Partners with exSat to Fortify Bitcoin Innovation Rep. Torres: SEC invented ‘crypto asset security’ out of thin air Lebanon pager attacks spark crypto supply chain fears Binance to Delist This 2 Trading Pairs! Dogecoin Miners In Accumulation Mode, But Is This Really Bullish? Bitcoin Price Analysis: The Fed Cut Rates, Now What’s Next for BTC? CodexField Partners with Space ID to Enhance Web3 Identity Ecosystem Ripple Price Analysis: XRP Bulls Eye $0.6 as Positive Sentiment Spreads Elympic: Web3 gaming adoption is driven by platforms like Telegram Chainlink’s Sergey Nazarov predicts asset tokenization will transform Web3 Will Ethereum Price Still Hit $5K Even After Its Worst Q3 in 5 Years? What's the Return on $5,000 Invested in Solana if SOL Price Surges 1,000%? Toncoin (TON) Price Prediction for September 18 Chainlink Price Plumments: Is It Time to Buy the Dip Now? LUNC News: Terra Luna Classic Upgrade Goes Live, Binance Announces Support NFT Project Doodles to Celebrate Rubik’s Cube’s 50th Anniversary With Digital Collectibles Solana’s top swap venue seems immune to criticism Ripple Partner Instarem Adds Apple Pay to Amaze Card for Easy Payments Xandeum to Unveil Solana Scaling Solution and XAND Token at Breakpoint 2024 Civic and Rentality launch blockchain-based car rental verification KPMG calls for stronger custodial practices to boost Bitcoin adoption What is the Latest Situation in the Markets After the FED’s Critical Interest Rate Decision? Here is the Data in Bitcoin and Altcoins Tensions flare at US House hearing after firms get SEC's sign off to custody crypto, while others still say it's impossible Bitcoin price attempts to turn the tide after Fed’s 0.5% rate cut Silvergate Capital files for Chapter 11 bankruptcy in Delaware SEC Charges Another DeFi Platform, Insists Projects Can’t Hide Behind ‘Decentralization’ BREAKING: After the FED’s Historic Interest Rate Decision, Chair Jerome Powell Makes Remarks on Live Press Conference BREAKING: SEC Declares 5 Altcoins as Securities in Latest Cryptocurrency Case Ethereum fractal hints at $3.3K as analyst says its 'go time' for ETH price Draper Associates leads $5 million seed round for web3 AI wellness firm CUDIS Justin Sun reveals Poloniex issues prevent proof of reserves Infinex NFTs top $40M sales in first four days, despite NFT bear market Monerium Launches EURe: First Euro-Backed Stablecoin on Cosmos Ecosystem’s Noble Blockchain CME futures traders increase bitcoin short positions ahead of anticipated Fed rate decision volatility, analyst says Hacking group Dark Angels received $75 million in bitcoin, marking the largest known ransomware attack to date GameStop CEO Ryan Cohen Agrees to Nearly $1 Million Settlement With FTC Venezuela opposition’s Bitcoin reserve plan must overcome political turmoil first Barron Trump Is a Time Traveling Crypto Degen, Says Jan 6. Organizer New ETFs offer high-stakes 2x exposure to MicroStrategy's stock: 'Hot sauce arms race in effect' Partner of ex-FTX exec pleads not guilty to campaign finance charges Arthur Hayes: 'If They Go 50, That Will Be a Nuclear Catastrophe for Financial Markets' Price analysis 9/18: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly Hits $61K BREAKING: Expected Big Moment Arrives, FED Announces Interest Rate Decision – Here is Bitcoin’s First Reaction SEC’s Crypto Record Rebuked by Ex-Commissioner, GOP Lawmakers in Hearing BREAKING: One After Another Listing News Comes From Coinbase – They Announced They Will List One More Altcoin The FED’s Decision is Just Minutes Away: Here is the Decision Time and Expectations According to the Latest Data Ethena Labs suffers frontend attack, confirms protocol remains unaffected Two Former FED Senior Officials Revealed Interest Rate Expectations for Tonight, Prediction Charts Go Upside Down Just Minutes Left: Former New York Fed President Dudley Reveals His Expectations For Tonight’s Interest Rate Decision Coinbase Announces New Altcoin Listing Ahead of FED Decision Kadena (KDA) Price Shoots Up 30% On This Binance Announcement Last Minute Interest Rate Announcement from BofA and Two Companies – Here is the Decision They Expected Just Ahead Three Ways DeFi Will Revolutionize Financial Services Bridging the Skills Gap: Preparing the Workforce for a Web3 Future Poland adopts World ID for humanness verification to strengthen online trust With Fees as Low as $0.10, SunSwap Becomes a Haven for TRON Users River Secures Over $800 Million Worth of Bitcoin, Launches Proof of Reserve DeFi vs Crypto: What sets them apart Fuse Unveils Roadmap with Major Ecosystem Expansion and Fuse Ember Upgrade What is AirSwap? The Decentralized Peer-to-Peer Trading Platform Next Bitcoin (BTC) Move Discovered by Top Analyst Willy Woo “PickleBit”: Proof of Workforce, Fold, and Pickle Pop Partner on Pickleball Tournament, Offer Bitcoin Prize Pool Another Neiro Token Skyrockets as Meme Coin Competitors Fail Binance Checks Mining is thriving despite everything: How is it affecting Ukraine’s electricity system? Crypto News: FET Whale Transactions Up 262% – What’s Driving the Increase Amid Lower Trading Activity? Ripple CLO Reflects On Regulatory Challenges Nervos Network (CKB) Skyrockets by 100%, Price Correction Ahead? Ripple Unveils Key Stablecoin Trends Ahead of RLUSD Launch NEAR’s Path to $6 Hasten as Fresh Bullish Momentum Signals a Potential Breakout Avail and Lens Team Up to Revolutionize Onchain Social Media with New Tech ? Bitcoin's Rise Over $61K Could Signal Local Top, Binance Volume Indicates MicroStrategy increases convertible note offering by 25% to buy more Bitcoin ICP-Based Bitcoin Token 'ckBTC' Will Bridge to Cosmos Through Osmosis Famous Analyst Said "Rally in Bitcoin Will Be Near and Very Fast!", Shared His Price Expectation! Cash is Still King, Consumers Would Prefer to Use Money Over CBDCs: Deutsche Bank Bitcoin L2 and Sidechain Networks Surge to $1.31 Billion in Locked Value Financial Author Shares When Bitcoin Will Hit $1 Million Why a Giant Inflatable Bitcoin Rat Now Stands at the Birthplace of the Fed Dogecoin Bullish Signal Emerges as Key Metrics Skyrocket Stablecoins May Cushion Fed Rate Cut Impact on Treasury Tokens, Standard Chartered's Regional Head Says Cencora pays $75 million in Bitcoin in the largest known case of ransomware attack Catizen Hits 1M Paying Users with 18M Monthly Active Users WisdomTree launches platform for real-world tokenized assets Shiba Inu Skyrockets 129% in Key Metric as SHIB Whales Make Comeback MANTRA Set to Launch Mainnet in October 2024 to Boost Tokenized Real-World Assets Bitcoin Eyes $64,000 as Investors Buy $2 Billion Worth of BTC Analysts Divided on Shiba Inu Hitting $0.001 as Price Stays Flat XYO partners with Upland to bring Web3 gaming and data sovereignty closer Crypto trader turns $800 into $400k in a week Blockchain Revolution: The Regulated Liability Network’s Impact on UK Finance Solana Meme Coin Church Turns on Pastor After Scam Allegations Surface Dogecoin (DOGE) on Verge of First Golden Cross in 4 Years Bitcoin’s Computational Power Falls 9.95% After Record Hashrate US losing edge in crypto due to SEC's 'scorched earth' tactics, Robinhood exec says Fantom Price Soars Ahead of Sonic Upgrade; Is $1 the Next Stop? Chainlink Signals Deeper Losses: Can Bulls Stage A Comeback? Cardano’s ADA Poised for Comeback, Analyst Predicts $0.55 Surge Finland wants to detain Richard Heart, alleges millions in unpaid taxes These 2 Catalysts Could Propel Binance Coin Price To $900 Visa Expands Crypto Payments Network With New Partnership The (Zero-Knowledge Proof) Singularity Is Near Polygon Stabilizes Above $0.35 As It Reaches Bearish Exhaustion Binance Labs Invests in Hemi Labs to Drive Modular Blockchain Scaling and Interoperability Worldcoin Debuts World ID Verification In Poland, WLD Price Soars 5% EMURGO Partners with Zilliqa to Improve Blockchain Interoperability, Liquidity, and Governance Using Cardano’s Web3 Technologies Wormhole Partners with Google Cloud to Strengthen Guardian Security Dogecoin Cofounder Reacts to This Vitalik Buterin Presentation Borderless Capital Introduces $100M DePIN Fund Backed by Peaq, Solana Foundation "Wen ADA?" Cardano Founder Sends Trolling Message to Gemini at TOKEN2049 Bitcoin Price Prediction: Fed’s Upcoming Decision Could Spark Bull Run, Pushing Bitcoin Towards $70K SkyBridge Capital Founder Advocates for Kamala Harris Crypto Approach JUST IN! Binance Announced Its New Altcoin Listed, Price Jumped! Cardano Welcomes Gold Tokenization as EMURGO Partners with Kinka Gold to Launch XNK How the Dogecoin-Neuralink Partnership Could Reshape the Future of Innovation MakerDAO Launches as Sky with New Tokens Why FOMC Could Propel Crypto Market Cap to $4T Samsung-backed crypto startup Mesh partners with CoinMENA to expand services in MENA ChatGPT-4o predicts BNB price for when CZ is released from prison NEIRO Surges 1,711% to Break into Top 10 in Volume: Can It Reach $0.0010? Fintech Giant Revolut Said to Be Planning Stablecoin Former Coinbase Executives Introduce Stablecoin-Native Exchange TrueX SingularityDAO expands DeFi offerings with Cogito’s tokenized RWAs io.net Partners with TARS Protocol to Accelerate Decentralized AI and Web3 Solutions Leading the Way in Financial Freedom, Law Enforcement, and Being Safer Together Memecoins, P2P and TON drove 1,614% user growth in Africa — Bitget Can Berachain’s new token challenge Solana and Ether dominance? Mixed Signals: AVAX, ADA, DOT Face Hurdles Despite Growing Interest AI-focused Bitcoin miners are outperforming rivals amid 'significant upside' potential for the industry, Bernstein says Ethereum Devs Poised to Split Blockchain's Next Big Upgrade, 'Pectra,' in Two Ethereum Continues Its Upward Trend And Remains Above $2,300 Ethereum’s Future in DeFi: What Will Happen After the Fed’s Rate Cut? The crypto BabyDoge in strong growth: the 16% rally and future prospects Ripple CLO Names Key Condition for Ripple Acquiring High Position in US Crypto Market AI faces ‘Immense’ risks without blockchain: 0G Labs CEO Building trust: Transparency will drive crypto market growth | Opinion Critical FED Interest Rate Decision Expected in Bitcoin Today! What Time Will It Be Announced? Here Are the Expectations and Things to Know! AltLayer Protocol Enhances Rollup Security Is Solana price dropping under $90? Gemini Teases Dogwifhat's Listing on X; Can WIF Price Surge? Nervos Network (CKB) extends rally with peak Upbit trading activity Cardano (ADA) Dominates Ethereum and Solana in Most Recent Poll Sonic SVM announces HyperFuse Nodes, the first node sale on Solana SHIB on Brink Of Mysterious Evolution: Shiba Inu Executive Scammers cash in as Donald Trump fumbles World Liberty Financial launch Dogecoin Price Prediction Could Accelerate as Transactions Near 3-Month High Bitcoin’s path to $1 trillion market cap - BlackRock report As Bitcoin Remains Above $60k, Buyers Target $66K Amid Rate Cut Speculations Swiss SIX stock exchange explores setting up crypto arm in Europe Can IMX Break Through Resistance or Face a Pullback? NEIRO Price Surges by 115%: What's Driving the Sudden Spike? New Statements from il Capo After the Rally: “Altcoins Entering ‘Impulsive Bull Wave’” Lido Finance Dominates TVL at $22.45B and $64.15M in Fees Bitget, Foresight Ventures invest $30 million in TON blockchain Top Analyst Says Love XRP or Hate it, It Will Rise With or Without You As XRP Volume Signals Imminent Explosion Bitcoin Price Close Above This Will Trigger Rally to $70K, Will Fed Rate Cut Help? BNB Chain introduces gasless stablecoin payments initiative Crypto Whales Fall Short of 20 Billion Cardano Transactions, Putting ADA Price at Risk BlackRock, Microsoft Launch $30 Billion Fund to Build AI Data Centers for High Energy Needs Grayscale XRP Trust Now Open for Eligible Accredited Investors Shiba Inu: Liquid Staking Launch on Shibarium Confirmed ALGO Breakout Alert: Is a 2x Rally Around the Corner? As Bittensor (TAO) Eyes $340, Will the Triangle Breakout Propel It Above $400? Expert Says XRP to $1.1 In No Time As XRP Nears Completion of H&S Pattern Wormhole Partners with Google Cloud to Strengthen Guardian Security System Early Shiba Inu Buyer Who Made $145M in 2021 Buys NEIRO with 1,003 ETH Can Shiba Inu Coin Price Surge 50% As Liquid Staking Goes Live? cheqd and Dock join forces to drive decentralised ID adoption Crypto Strategist Unveils Big Bitcoin Price Target for 2025, Predicts US Dollar Collapse Along the Way Why Crypto Market is Up Today? Is the Bull Run Just Getting Started? Nigerian Think Tank, Japanese Tech Firm Partner on Blockchain Research INJ Price On The Cusp of Breakout: Crypto Analysts See Upside Bitcoin Price Prediction: Are Whales Fueling the Next Bull Run? WazirX exploiter moves $11.6m in ETH to Tornado Cash Ethena Labs Launches sENA, Boosting Liquidity and DeFi Rewards Here’s why Avalanche (AVAX) price is at an elevated risk Buy Bitcoin in Peru? Now You Can Get It in Physical Stores with Personalized Service! Uniswap Dominates DEX Market with $7.09B in Weekly Trading Volume Stablecoins Surge Amidst Regulatory Scrutiny Cardano Price Eyes $0.555 as Symmetrical Triangle Pattern Takes Shape Midnight To Launch NIGHT as Cardano Native Token Crypto Prices Today September 18: BTC Tops $60K, Altcoins Mainly Mimic Gains 1inch reveals new cross-chain swap feature Tron’s Justin Sun Criticizes Coinbase for Ignoring Proof of Reserves Terra Classic Network Upgrade: Is a LUNC Price Bull Run on the Horizon? Bitcoin Price Maintains $60K as Crypto Markets Prepare for FOMC Meeting Today (Market Watch) Shiba Inu (SHIB) Whales’ Attempt to Boost Coin by 36% May Fail Bitstamp eyes Australia for institutional business expansion amid global push Vitalik Buterin sings at Token2049, highlights low L2 fees as ETH milestone Kamala Harris presidency may push US crypto firms abroad: Nansen CEO Miners Are the New Whales: Here’s How to Decode Their Moves Is Solana The Next Terra Luna? Cyber Capital CIO Debunks FUD XRP Nears Breakout: 7-Year Triangle Formation Signals Potential Surge Pepe Coin ($PEPE) Bullish Breakout Brewing? Chart Hints at Strong Rally MoneyGram and Stellar join CEX.io for global crypto cash conversions XRP Price Eyes Critical Upside Break: Is a Surge Imminent? Fed Rate Cut Could Crash Crypto Markets, but Era of Central Banks Is Over: Arthur Hayes XRP Forms One of the Most Bullish Macro Setups as Williams %R Nears Historic Levels Synthetix’s Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover? Here are Returns on $1,000 Invested in Shiba Inu if SHIB Rallies 1,000%, 10,000% or 100,000% ? XRP To $1 Delayed: Ripple vs. SEC Could Extend to 2026 if Appeal Is Filed—Detailed 2025 Timeline Inside Pudgy Penguins CEO unfazed by SEC actions against the NFT sector Gary Gensler-Led SEC To Continue Attacks on Crypto; Expert Says Focus on Crypto Companies is Strikingly Intense Is Ethereum’s Success Built on a Bitcoin Heist? TruthLabs’ Explosive Claim Telegram’s TON Ecosystem Drives Binance’s Latest Token Listings Analyst Predicts Massive Collapse for Celestia (TIA), Updates Outlook on FET and Two Additional Altcoins Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15 BNB Faces Uphill Battle on Its Road to $600 Bitcoin price can see $64K 'very quickly' on Fed rate cut — Research Ethereum Price Comeback in Jeopardy: Is a Pullback Coming? Bitcoin Price Bounces Back, But Can It Sustain Above $60K? XRP ‘The Safest Investment To Make 100% ROI’ – Former Asset Manager Shares Price Targets Experts: Defi Thrives Where Banks Falter, Fragmentation a Hurdle Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet Cardano Whales Move 19.5 Billion ADA, What’s Next? Ripple Is Going "All-In", Top Executive Says BREAKING: Coinbase Adds New Altcoin to Listing Roadmap! What is the U.S. dollar’s role in stablecoin ecosystems? Coinbase Ventures leads $5 million round in Vana, a network for user-owned data BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss Dogecoin Founder Excited at Elon Musk's Company's Staggering Breakthrough Ethereum ETFs would’ve ‘done better’ if launched in January: Bitstamp exec Bitcoin Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut NEIRO Spikes 800% in 7 Days: Will It Replicate Dogecoin’s Success? Maker Price Risks Drop to $1200 Amid Major Rebranding to SKY FTX Auditor Prager Metis to Pay $1.95 Million for Negligence Sui Emerges as Potential ‘Solana Killer’ in Blockchain Showdown: Experts Weigh In Trump Launches World Liberty Financial on X Spaces, Draws Criticism for Lack of Substance Animoca's Timeline to Go Public Would Depend on The Market's Status: Yat Siu Hong Kong experiences largest year-over-year crypto growth in Eastern Asia: Chainalysis BlackRock, Microsoft Launch $30 Billion Fund to Build AI Data Centers for High Energy Needs Japan doubts PM Kishida’s economic and crypto ‘friendliness’ as trading revives in 2024 Google Cloud rolls out Ethereum-compatible blockchain RPC service Polygon News: MATIC and POL Prices Jump as Coinbase Addresses Transaction Delays Bitcoin (BTC) Death Cross Here, Dogecoin (DOGE) Erases Another Zero, Should We Consider Shiba Inu (SHIB) Lifeless? STEPN Creator FSL Partners with Mythos Foundation to Advance Esports and Web3 Gaming XRP’s Bearish Phase Ending? Eyes on $0.75 Level Remarkable Crypto Ponzi Schemes That Shook the Market WOMIO Launches a New Platform to Transform the Memecoin Market Human Rights Foundation Awards $590K in Bitcoin Grants to 20 Global Projects Bitwise CIO likens Ethereum to Microsoft, bets on underappreciated dominance despite bearish sentiment South Korea’s crypto market growth fueled by rising Premium Index: Chainalysis Unmasking Crypto Ponzi Schemes: 5 Crucial Signs You Need to Watch For Samourai Developers Appear Together In Court For First Time At Status Conference API3 Joins Coin Metrics to Boost Decentralized Data Feeds for Liquid Staking Coins Australia's RBA to prioritise wholesale CBDC work over retail Bitcoin ETFs Add $250 Million in Surge Ahead of Expected Rate Cut WazirX Users Demand Answers After July 2024 Cyber-Attack