The biggest news in the cryptoverse for Nov. 28 includes Kraken CEO saying Binance Proof-of-Reserve is pointless without proof of liabilities, Coinbase losing Bitcoin worth $2 billion over the weeken...
Tag: Pointless
Kraken’s Powell says Binance Proof-of-Reserve is pointless without liabilities
Former Kraken CEO Jesse Powell criticized Binance’s Proof of Reserve, calling it an “ignorant or intentional misrepresentation.” I’m sorry but no. This is not PoR. This is either ignorance or in...
Kraken founder slams Binance for PoR Merkle Trees; calls it pointless
In response to the recent failure of the FTX exchange, the world’s most important cryptocurrency ecosystem, Binance, has said that it intends to begin operating in a more open and honest manner. By us...
Binance’s ‘Proof Of Reserves’ is Pointless, Claims Kraken CEO
It’s now a couple of weeks since the infamous FTX collapse, in which the firm faced a liquidity problem and stopped processing withdrawals due to the inability to meet demand from investors and end us...
Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO
The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sha...
Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless
Kraken’s CEO Jesse Powell has lashed out at Binance, calling its proof of reserves to be pointless as it lacked “proof-of-liabilities”. Following the failure of the cryptocurrency exchange FTX, it was...
Russia Is Wasting Its Last Good Troops In A Pointless Attack On A Worthless Town
Ukrainian troops. Ukrainian defense ministry photo Six weeks after the Ukrainian army launched twin counteroffensives in eastern and southern Ukraine, Russian forces across the country are regrouping,...
Russia’s War Mobilization Is Pointless As Long As Its Army Lacks Trucks
A Russian army Kamaz truck, destroyed in northeast Ukraine. Via social media Russian authorities have begun rounding up the first of 300,000 draftees the Kremlin hopes will make good the steep losses—...
278 Million LUNA Gets Burnt With The Released Address, Do Kwon Says It’s Pointless!
Do Kwon, the now-famous Terra CEO and founder, published on Twitter on May 21 a dead wallet address where people may send their LUNA tokens to be burned. The uploaded wallet was filled with nearly 280...
Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’ – Mining Bitcoin News
In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units ...
Nvidia’s Attempt to Throttle GPUs for Ethereum Miners ‘Was Pointless’: Report
Nvidia has long been at the center of a battle between the gaming community and crypto miners that’s sent the price of its graphics cards soaring. Since last year, the company has taken the sid...