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Five nations control over half of the world’s official gold reserves in 2025, and this concentration is reshaping global finance right now. The United States leads with 8,133.5 metric tons, followed by Germany with 3,351.5 tons, Italy with 2,451.8 tons, France with 2,437.0 tons, and Russia with 2,335.9 tons. In total, these nations together own roughly 18,706.2 metric tons out of the current estimated total reserves of 35,938.6. Central banks purchased more than 1,000 metric tons in 2024, and this excessive buying is spurring the trend away from the dollar. Source: IMF and World Gold Council via Brand Vision Insights Also Read: De-Dollarization Surge: 70+ Countries Abandoning the US Dollar How These Gold Reserves Reshape Global Trade in 2025 & Challenge US Dominance Source: ShutterStock The landscape today looks different because of the massive amount of assets that central banks worldwide have purchased. Poland purchased a record amount of 3.24% of the world’s gold in 2024 and t...

In a meeting following the European Central Bank’s (ECB) interest rate cut announcement, the bank’s President, Christine Lagarde, reiterated her long-standing criticism of cryptocurrencies in general, and Bitcoin (BTC) in particular. The central bank president, who stated that crypto was worth ‘nothing’ back in 2022, and later revealed that her son had lost roughly 60% of his investment in digital currencies, was asked to comment on Czech National Bank (CNB) Governor Aleš Michl’s Bitcoin acquisition plan — which would see the CNB allocate up to 5% of its total reserves to the leading cryptocurrency. At press time, Bitcoin was changing hands at $106,330 — having marked an 11.62% increase in price since the beginning of the year. However, even a cursory glance at the chart reveals significant volatility — which is the basis of the criticism levied against the asset (at least in terms of its role as a possible reserve currency). ...

Cryptocurrency exchange Binance has conducted its twelfth audit of reserves held on the exchange. Binance has released an audit of its crypto reserves published on Jan. 1, revealing that it controls 597,658.074 Bitcoins (BTC) and 4,265,238.882 Ethereum (ETH). The exchange’s client accounts hold 575,852.891 BTC and 4,002,782.994 ETH. Thus, client funds in Bitcoin and Ethereum are secured by 103.79% and 106.56%, respectively. Published on Jan. 8, the report also found that users hold almost 32 million BNB. Client assets in USDT stablecoins reached 16.85 billion, 123.20% backed . Notably, the client balance in BUSD is secured by 167.91%. In November 2023, the asset’s capitalization decreased to $1.89 billion. According to Binance, the exchange will stop supporting BUSD in 2024. Proof of reserves is information about the storage of client assets on exchanges. Binance founder Changpeng Zhao announced an audit in November 2022. The crypto exchange introduced this conc...

Crypto trading platforms Kraken and BitMEX topped the proof-of-reserves score list, while Binance received a low score for being incomplete. Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most prominent crypto trading platforms in the space.  Carter published a detailed examination of the quality of several exchanges’ proof-of-reserves (PoR). The crypto executive used parameters such as attestation to assets held and a disclosure of liabilities, incorporating a third-party auditor, demonstrating credibility by taking a PoR for all assets and committing to an ongoing procedure to determine which PoRs are of the best quality.  PoR scores of crypto exchanges. Source: Medium Crypto trading platforms Kraken and BitMEX topped the list. According to Carter, Kraken, which employed Armanino for its proof -of -reserves , gives clients a "good level of confidence" that there ar...