2022-11-26 08:11 |
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets. origin »
|
According to Jesse Powell, U.S. regulators allowing bad actors in the crypto space to “suck up users, revenue and venture capital” could effectively destroy “the good guys.”
While other cryptocurrency exchanges work on the development within their exchange, Kraken took a huge leap as it acquired Interchange, accounting reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers, and fund administrators.
Binance and Kraken CEOs weighed in on industry best practices for storing cryptocurrency in the wake of Cryptopia getting hacked. The question remains, which means of storage has the least risk exposure? CZ Sees Three For Binance CEO, Changpeng ‘CZ’ Zhao, users have three options; self-storage, on exchanges, or using decentralized exchanges (DEX).