Singapore-based decentralized finance (DeFi) services firm Cake DeFi has announced the release of its proof of reserves using the cryptographically audited Merkle tree method. Developed by Ralph Merk...
Tag: Treebased
Crypto Exchange Bybit Provides Merkle Tree-based Proof of Reserves
Exchange News Bybit’s users will be able to independently check the exchange’s holdings. It has also promised to make public the whole contents of its Bitcoin and Ether wallets. Bybit, another major c...
Binance publishes official Merkle Tree-based proof of reserves
Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement o...