Danish CCEDK Exchange Announces Real-Time Transparent Order Books, Proof of Solvency
Denmark based exchange CCEDK will be the world’s first exchange to make its order books and solvency transparent following a partnership with Cryptonomex. The integration would mean that users will be able to check the solvency of the exchange in real time, as the company's accounts and ledgers are to be placed on the decentralized BitShares 2.0 network after its expected launch later this summer. The move comes just a few days after BitShares announced it was to launch its “2.0” version, based upon the “Graphene toolkit” developed by Cryptonomex. With the launch of version 2.0, BitShares....
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There's no getting around it: the bitcoin community was burned badly earlier this year when Tokyo-based Mt. Gox collapsed. Those who lost money felt it more so, but even enthusiasts not directly involved have felt first-hand effects of the negative spotlight it put on the digital currency. Since then, there's been no shortage of doubts placed on today's bitcoin exchanges - with all major institutions going so far as to prove their solvency. But a soon-to-be-launched Danish bitcoin exchange is hoping to win clients over with their promise of maximum security and a "crime-free" environment.....
Bitstamp proves Bitcoin solvency. On Saturday, 5/24/14, Bitcoin exchange Bitstamp proved their Bitcoin reserves to BitcoinJ developer Mike Hearn. Mike Hearn is a former Google engineer that has been with the Bitcoin community for many years and has a strong reputation. Bitstamp announced their Proof of Reserves via a report released yesterday. Unfortunately, Proof of Bitcoin Solvency is a far cry from a full financial audit, a point that Bitstamp is quick to acknowledge. Bitstamp is leading the charge for Bitcoin exchange transparency and has committed to more Proof of Solvency tests and a....
Bitcoin exchange Vault of Satoshi today launched a full public proof-of-solvency service for its customers, saying it is the first digital currency exchange in the world to do so. The "unapologetically Canadian" company has embarked on a string of compliance and transparency initiatives in the past months. In March, it received a full Money Services Business licence to operate in all provinces of Canada and serve international customers in listed countries. Vault of Satoshi (VoS) said its new proof-of-solvency system is "not just an audit", but provides full proof via cryptographic trees....
There's been a lot of chatter over the past few days about a new bitcoin exchange based out of Denmark. As noted in our coverage, this exchange is touting maximum security as one of its main selling points. Read more: New Danish Bitcoin Exchange Touting Maximum Security. Today the exchange, named CCEDK, has finally launched. In effort to act as a transparent operation, exchange founder Ronny Boesing has reportedly made 1,000 bitcoins available for trading - a fairly large liquidity pool for a newly-launched exchange. A view of the exchange's operation shows a rather amateur-looking....
The Danish cryptocurrency exchange we covered last week, CCEDK, launched Monday. To promote the exchange’s commitment to “transparency as the new way of doing business,” founder Ronny Boesing made available a starting volume of 1000 bitcoins. CCEDK leans on its Danish jurisdiction, and that country’s culture, to reassure users of its security and transparency. “Our strongest selling point will be that clients will know where we are, that the jurisdiction Is Danish, and that there’s complete transparency,” Boesing told Businessweek recently. “We link to our lawyer on our website in case....