Bitcoin (BTC) $77,737.22 -0.71%
Ethereum (ETH) $2,330.60 -2.82%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 85.895853 -2.72%
Cardano (ADA) $0.25 -2.95%
Chainlink (LINK) $9.27 -2.70%
Litecoin (LTC) $55.49 -1.29%
Dash (DASH) $35.01 -3.88%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.014563 -3.52%
X-Cash (XCASH) 7.0E-6 -0.66%
Dogecoin (DOGE) $0.00 2.96%

Cryptocurrencies: 28813

Markets: 114169

Market Cap: $2,591,971,584,560

24h Vol: $146,975,470,680

Decrypt

2022-11-17 22:29:25

Proof of Reserves Isn't a 'Panacea' for Future FTX-Like Collapses, Industry Leaders Caution

Proof of Reserves Isn't a 'Panacea' for Future FTX-Like Collapses, Industry Leaders Caution

Following the epic meltdown of one of the biggest players in crypto, some within the industry are calling for “proof of reserves” to provide greater transparency—but it has its limitations.

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