Crypto
Binance Introduces Semi-Automated System to Improve Reserves-Management
Binance is turning to new partially automated systems in its effort to perfect the way it manages token reserves.
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BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
OKX reported its tenth consecutive monthly Proof of Reserves report, showing the exchange held $10.4 billion in reserves in August.
Binance is turning to new partially automated systems in its effort to perfect the way it manages token reserves.
Binance implements a zero-knowledge verification method to its PoR system.
Mazars becomes the latest audit firm to halt proof-of-reserves audits for crypto exchanges.
Binance launched a Proof-of-Reserves (PoR) system, allowing users to audit their funds.
While Proof of Reserves is a good first step, it is an incomplete yardstick without listed liabilities.