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Don't Fall For The Bear Market Rally | Weekly Roundup

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Proof of Reserves

Jesse Powell: Proof of reserves is getting in all the headlines this week. He says it's a way for exchanges to prove that they're not misusing their users' money. But there are some limitations, he says; you can't tell if an off-chain contract is being used as collateral. Powell: Binance announced proof of reserves earlier this week but there were some issues. They equated Bitcoin with B, and BTC, or Bitcoins on Marching Rabbit.

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