Market Cap: $3,394,763,429,830
24h Vol: $292,312,022,173
Cryptocurrencies: 27832
Markets: 115967
Cryptocurrencies: 27832
Markets: 115967
Market Cap: $3,394,763,429,830     
24h Vol: $292,312,022,173
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

  • ASIMI: What is Asimi Coin?

  • How to Buy BTC with Coinbase?

  • Dash Coin Explained: A Cryptocurrency with a Major Potential

  • Dogecoin: What is Dogecoin? EXPLAINED!

Our Partners

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