Market Cap: $2,905,692,986,217
24h Vol: $64,980,493,784
Cryptocurrencies: 26009
Markets: 101336
Cryptocurrencies: 26009
Markets: 101336
Market Cap: $2,905,692,986,217     
24h Vol: $64,980,493,784
cryptonews 2022-11-09 14:15:00

Binance to Provide Proof-of-Reserves Following FTX Bust – Other Exchanges to Follow Suit?

Binance to Provide Proof-of-Reserves Following FTX Bust – Other Exchanges to Follow Suit?
Major crypto exchange Binance will follow Gate.io 's and Kraken's example and start doing Proof-of-Reserve (PoR) audits, said CEO Changpeng Zhao. Zhao, known as CZ, tweeted on Tuesday evening (UTC time) that Binance would "soon" start to do proof-of-reserves, arguing that: "All crypto exchanges should do merkle-tree proof-of-reserves. Banks run on fractional reserves. Crypto exchanges should not." This could be a further boost for other exchanges to follow suit. ... Read More: Binance to Provide Proof-of-Reserves Following FTX Bust – Other Exchanges to Follow Suit?
esptco-banner img
Latest News

Videos

  • 10 Ways to Make Money Via Crypto | Step by Step Guide to Make Money Online!

  • Ethereum Classic (ETC): What is Ethereum Classic (ETC)? EXPLAINED!

  • Future Of Cryptocurrency: What Are Your thoughts On Future of Cryptocurrency? Explained By Cryptela

  • All About Blockchain Secrets | Simply Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire