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Blockchain Press Releases

OKX Publishes Eighth Monthly Proof of Reserves with USD$11.3 billion in BTC, ETH and USDT Reserves

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HONG KONG, June 28, 2023 /PRNewswire/ — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has published its industry leading eighth consecutive monthly Proof of Reserves (PoR), showing balances of USD$11.3 billion in BTC, ETH and USDT.

OKX’s latest PoR, which covers 22 widely used digital assets, shows that OKX has consistently maintained a reserve ratio exceeding 100% for eight consecutive months. In addition to BTC, ETH and USDT, the assets included in OKX’s PoR are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.

OKX stores the majority of its reserves in off-chain cold storage, which provides the highest level of security for users’ digital assets. Since releasing its first Proof of Reserves, OKX has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits.

OKX’s current reserve ratios are as follows:

  • BTC: 103%
  • ETH: 103%
  • USDT: 103%

OKX Global Chief Commercial Officer Lennix Lai said: “Security, transparency and trust are the core tenets of OKX’s operating philosophy. That’s why we’re committed to operating with complete transparency and providing regular PoR audits that users can independently verify. We hope that our efforts will raise the overall standard of the digital asset industry and establish new benchmarks for transparency and security.”

OKX will continue to publish its PoR with monthly PoR releases and a self-audit tool that was made available to all users following the introduction of Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) technology in April 2023.

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The open-source verification tool enables users to independently verify OKX’s solvency and confirm their assets are backed by OKX reserves while upholding their privacy. To date, OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows. Users can view the latest PoR report, reserve ratios, and verify OKX’s solvency here.

For further information, please contact:
[email protected]

About OKX
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

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OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

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Blockchain Press Releases

HTX Research Analysis: Bittensor’s dTAO Upgrade Redefines Decentralized AI Infrastructure

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SINGAPORE, March 19, 2025 /PRNewswire/ — HTX Research, the research arm of HTX Group, has released an in-depth report titled, “dTAO and the Evolution of Bittensor: Reshaping Decentralized AI with Market-Driven Incentives.”. The evolution of artificial intelligence has transitioned from foundational model development to the refinement and optimization of existing systems, a trend exemplified by industry leaders such as DeepSeek and OpenAI. This analysis examines how Bittensor’s Dynamic TAO (dTAO) upgrade addresses inherent challenges within decentralized AI, positioning the network as a pioneering force in this emerging sector.

Bittensor’s Architecture: Foundation for a Decentralized AI Ecosystem

Bittensor’s architecture is structured around three core components: the Subtensor blockchain, a Polkadot parachain with EVM compatibility; 64 specialized subnets; and a governance-focused Root Subnet. The network employs a dual-key security system, Coldkey-Hotkey, and a subnet UID framework to facilitate secure and open participation for miners and validators. At the core of its operational model is the Yuma Consensus (YC), a dynamic incentive mechanism that diverges from traditional static reward systems. YC assesses validators’ weight vectors, derived from historical performance and stake, to distribute TAO rewards every 12 seconds, establishing a self-regulating “stake → weight → reward” loop. This mechanism aligns contributions with incentives while mitigating malicious activities through continuous adjustments.

The dTAO Upgrade: Market-Driven Resource Allocation

The dTAO upgrade, implemented on February 13, 2025, introduces liquidity pools for subnet tokens, fundamentally altering Bittensor’s economic framework. Key innovations include:

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  • Subnet Token Liquidity Pools: Each subnet’s dTAO tokens are paired with TAO in automated market-maker pools, enabling price discovery driven by supply-demand dynamics.
  • Emission Rebalancing: 50% of new subnet emissions are injected into liquidity pools, incentivizing long-term participation.
  • Validator-as-VC Dynamics: Validators now act as venture capitalists, strategically staking TAO into high-potential subnets to maximize returns.

This upgrade addresses previous systemic limitations, such as validator centralization, resource redundancy, and misaligned incentives. By linking subnet rewards to market performance, dTAO fosters competition, encouraging the development of specialized AI solutions, ranging from multimodal content detection to decentralized search engines.

Ecosystem Impact: Emergence of High-Performance Subnets

The implementation of dTAO has led to the emergence of high-performing subnets, operating within a self-reinforcing feedback loop where increasing token prices attract greater TAO emissions, subsequently drawing more users and validators. Examples include:

  • Chutes: A CLI toolkit for deploying decentralized apps, Chutes’ subnet token surged rapidly, driven by its integration with Bittensor’s Subnets 19 and 56.
  • Multi Modality (Subnet 4): Focused on AI-generated content detection, this subnet leverages balanced validator-miner challenges to ensure model accuracy.

However, projects like Kaito highlight potential pitfalls, demonstrating that technical proficiency alone does not guarantee success without robust integration with core product utility.

Despite the advancements introduced by dTAO, HTX Research also identifies ongoing challenges, including the lack of real-world demand drivers for TAO rewards, the potential for resource redundancy among overlapping subnets, and persistent validator centralization. To ensure sustained growth, HTX Research emphasizes the necessity for on-chain verifiability, standardized subnet performance benchmarking systems, and the integration of subnet token utility, such as governance or service access, to reduce speculative trading.

Bittensor’s dTAO upgrade signifies a transition from centralized governance to market-driven incentives. While challenges remain, the network’s architecture and economic model provide a solid foundation for decentralized AI innovation. As subnet tokens evolve into tools with tangible utility, Bittensor is positioned to redefine collaborative and competitive dynamics within AI ecosystems.

HTX Research remains committed to providing comprehensive analyses of these developments, offering actionable insights into the intersection of AI and blockchain technology. For the complete report, please visit Here.

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About HTX Research:

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends. Committed to providing data-driven insights and strategic foresight, HTX Research plays a pivotal role in shaping industry perspectives and supporting informed decision-making within the digital asset space. Through rigorous research methodologies and cutting-edge analytics, HTX Research remains at the forefront of innovation, driving thought leadership and fostering a deeper understanding of evolving market dynamics.

Visit us here.   

Contact: [email protected] 

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Blockchain Press Releases

BTCC Exchange Named Headline Sponsor of Red Eagle Foundation’s Charity Golf Day Featuring Matt Le Tissier

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VILNIUS, Lithuania, March 19, 2025 /PRNewswire/ — BTCC, the world’s longest-serving crypto exchange, is proud to continue its support of the Red Eagle Foundation’s charity golf day this year, featuring football legend Matt Le Tissier. This prestigious event, set for March 27, 2025, at the esteemed London Golf Club, aims to raise funds for disadvantaged children across the UK.

The Red Eagle Foundation is dedicated to improving the lives of children facing mobility challenges, mental health struggles, and learning difficulties, particularly those from underprivileged backgrounds. By providing funding for essential equipment not covered by the NHS, the foundation plays a crucial role in transforming lives.

As BTCC marks its 14th anniversary, the exchange is launching a series of in-person initiatives, beginning with this charity event. Last year’s partnership with the Red Eagle Foundation was a tremendous success and raised £31,000 for its beneficiaries. This year, the demand has been even greater with tickets selling out quickly, a testament to the community’s commitment to this meaningful cause.

The charity event will feature a morning golf tournament, followed by a luncheon where attendees can engage in a Q&A session with Matt Le Tissier. The day will conclude with a charity auction and the announcement of the golf tournament results.

“This event is so much more than just a golf tournament; it is a wonderful opportunity to make a real impact,” said Aaryn Ling, Head of Branding at BTCC. “Every swing, every donation, and every auction bid helps shape a child’s future. As one of the longest-running crypto exchanges, we believe it is our responsibility to use our platform for good. We are inviting our entire BTCC community to join us in this effort. Together, we can bring hope and create opportunities for those who need it most.”

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Looking ahead, BTCC remains committed to social responsibility, with plans to host additional charity events and take part in global initiatives throughout 2025. The community is encouraged to stay updated on upcoming announcements and opportunities to contribute to these charitable efforts.

About BTCC

Established in 2011, BTCC is a leading cryptocurrency exchange offering secure trading services to users worldwide. BTCC is committed to a reliable and user-friendly trading experience, continually evolving with the dynamic cryptocurrency market.

Official Website: https://www.btcc.com/en-US

X: https://x.com/BTCCexchange

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Contact: [email protected]

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Blockchain Press Releases

Empowering Education in Africa: Bybit and AltSchool Africa Unveil Bybit Academy and $100,000 Scholarship Fund

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DUBAI, UAE, March 19, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced its partnership with AltSchool Africa through the launch of a Bybit Academy and a $100,000 scholarship fund. This scholarship will benefit 1,000 AltSchool students, enabling them to access the life-changing power of education. The partnership endeavors to empower the next generation of innovators and leaders by providing accessible, technology-focused education that equips students with the skills needed to thrive in a digital economy.

AltSchool Africa is a global talent company that equips Africans with the knowledge, skills, and resources they need to succeed in their careers. AltSchool Africa offers a diverse range of technical and non-technical diploma programs and short courses across its five schools: Software Engineering, Data, Product, Creative Economy, and Business. To ensure that skilled professionals can access rewarding career opportunities worldwide, AltSchool Africa also provides career counseling, mentorship, recruitment support and job placement services.

As Africa continues to emerge as a vibrant hub for innovation and technology, the need for quality education has never been more pressing. Bybit recognizes that investing in education is a strategic imperative that fosters long-term economic growth and technological advancement in the continent.

Key Highlights of the Initiative:

  • Financial Support: Bybit will provide a sponsorship fund of $100,000 to establish the Bybit Academy and offer scholarships for 1,000 students. Students will be selected based on established criteria, including academic performance and diversity.
  • Merit and Diversity-Based Criteria: Bybit will collaborate with AltSchool Africa to determine scholarship selection criteria based on entrance exam scores, priority countries, gender diversity, and other mutually agreed factors.
  • Internship and Ambassador Opportunities: The top 10 graduates from the program will have the chance to become Bybit Interns, Ambassadors, or ByBUILDERS, fostering their professional growth and integration into the Bybit ecosystem.
  • Educational Contributions: Bybit product managers will facilitate sessions on technology and cryptocurrency, enhancing the participants’ learning experience and practical skills.

“Education is a powerful catalyst for change, and Africa’s young population stands to benefit from unprecedented accessibility to technology in this day and age. Through our partnership with AltSchool Africa and the establishment of the Bybit Academy, we are committed to providing opportunities that foster growth, innovation, and resilience. Together, we can cultivate a brighter future for our communities and future-proof Africa’s talent for the digital future,” said Helen Liu, COO of Bybit.

By investing in education, Bybit is sending a powerful message: the future of Africa lies in the hands of its youth. By ensuring that young Africans have access to quality education and opportunities, we can collectively build a prosperous and innovative continent.

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#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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