Bitcoin (BTC) $82,509.67 0.93%
Ethereum (ETH) $2,435.43 1.87%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 106.016056 2.15%
Chainlink (LINK) $12.19 2.70%
Cardano (ADA) $0.22 2.21%
Litecoin (LTC) $60.56 1.61%
Dash (DASH) $49.52 0.39%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.410652 1.97%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 1.37%

Cryptocurrencies: 30264

Markets: 111129

Market Cap: $2,760,656,856,082

24h Vol: $72,124,566,376

Bitcoinist

2022-11-16 10:29:23

Crypto Exchanges Committing To Proof Of Reserves, Will It Build Trust?

Crypto Exchanges Committing To Proof Of Reserves, Will It Build Trust?

The recent debacle of the FTX crypto exchange, coupled with the fiasco that took place with Terra earlier this year, disrupts the level of confidence among the crypto community. The major takeaway from the ongoing crisis might be how centralized crypto platforms and businesses need transparency, which the current regulatory framework lacks in achieving. To

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