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Where does web3 go from here?: Live from TC Crypto

Chain Reaction

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Is Proof of Reserves Valid?

A handful of exchanges are rushing to publish proof of reserves. It's basically an independent audit of third parties that aim to provide evidence a custodian holds the asset it claims to hold on behalf of its clients. Binance, Crypto.com, KuCoin, OKX, Bibit and others issued statements that they would publish their reserves. But I'm not entirely convinced just having these companies report their proof of reserves is enough transparency.

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