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3232Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon
https://www.digit.info/binance-publishes-its-proof-of-reserves-system-for-bitcoin-holdings-additional-assets-coming-soon/
Fri, 25 Nov 2022 17:30:38 +0000https://www.digit.info/2022/11/25/binance-publishes-its-proof-of-reserves-system-for-bitcoin-holdings-additional-assets-coming-soon/Read more]]>On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while the company’s customer net balance is roughly 575,742 bitcoin. Binance’s Bitcoin […]
]]>Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’
https://www.digit.info/krakens-jesse-powell-takes-aim-at-newly-launched-proof-of-reserve-lists-por-audit-requires-cryptographic-proof/
Wed, 23 Nov 2022 21:00:03 +0000https://www.digit.info/2022/11/23/krakens-jesse-powell-takes-aim-at-newly-launched-proof-of-reserve-lists-por-audit-requires-cryptographic-proof/Read more]]>On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.” Jesse Powell Stresses […]
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while the company’s customer net balance is roughly 575,742 bitcoin. Binance’s Bitcoin […]
On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.” Jesse Powell Stresses […]