Coinbase Rolls Out Proof of Reserves for Its cbBTC

Crypto

Coinbase launched Proof of Reserves for cbBTC, but transparency concerns remain. Critics worry about centralization and Coinbase’s liquidity issues. Coinbase has introduced a Proof of Reserves (PoR) system for its wrapped Bitcoin token, cbBTC, to enhance transparency and assure users that each cbBTC is fully backed by Bitcoin (BTC). The Bitcoin com

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