From pexels, edited in spp

Crypto and Proof of Reserve in Question.

By Yugocean | Crypto Champion | 18 Dec 2022


     Following the growing demand for proof-of-reserve, crypto platforms are still completing their audits, which are being done by different auditing companies. 


Binance 

     Binance is performing its PoR report with CryptoQuant, but this company is backed by some Chinese investors, so many people don't trust CryptoQuant.

Report by CryptoQuant is Pro Binance.


Chainlink

     To increase transparency, Chainlink has completed PoR with Swiss company BackedFi with bTokens that track the value of real-world assets, such as stocks or ETFs.

Chainlink CEO also talked to Ash Bennington of American analyst company Real Vision on PoR.


Kraken

    Kraken is well known for teasing and challenging other platforms to conduct audits to provide proof of reserve.


We Won't Tell

Coinbase

   Coinbase’s Accounting is completed by Deloitte, but there is no report by the firm yet.

Indian Exchanges

     Indian exchanges like WazirX, Zebpay, CoinSwitch, Bitbns, and Unocoin are in no mood to inform anyone about anything.


Mazars' Pause Effect 

      French audit firm Mazars already paused all crypto-related audit work and has halted the POR audits of multiple firms like KuCoin, Crypto.com, Gate.io, OKX.


 

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