Market Cap: $3,532,043,383,936
24h Vol: $90,506,682,984
Cryptocurrencies: 24715
Markets: 95953
Cryptocurrencies: 24715
Markets: 95953
Market Cap: $3,532,043,383,936     
24h Vol: $90,506,682,984
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

  • What is a Shiba Inu Coin & How Does it Work? Simply Explained!

  • A Beginner Guide to Web 3.0: Everything You Need to Know About Web 3.0!

  • How to Buy LTC with Coinbase?

  • How To Buy NFTs? Step by Step Guide for Beginners

Our Partners

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