Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days.…
Bitget shares Proof of Reserve, unveils Merkle Validator
Bitget, a popular cryptocurrency exchange, published its Proof of Reserve (PoR) on Monday, utilizing the Merkle tree method to demonstrate…
Proof-of-Reserves Are at ‘Best Incomplete, at Worst Misleading and Deceptive’ Says Crypto Analyst Martin Hiesboeck
While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous users,…
Binance unveils new Bitcoin (BTC) proof-of-reserves system
Binance has just launched its first Merkle Tree-based proof-of-reserves system, starting with its BTC holdings to foster transparency in the…
Vitalik Buterin proposes zk-SNARKs to strengthen Merkle tree’s proof of reserves
Ethereum CEO and co-founder Vitalik Buterin proposed using zk-snarks to strengthen the privacy and robustness of Merkle tree exchange proof…
Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves
Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as…
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto…
