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.
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
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.