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cryptonews 2023-08-08 12:17:00

Binance Sale of USDC for BTC and ETH Raises Fresh Concerns In Latest Proof-of-Reserves Report

Binance's latest proof-of-reserves (PoR) report has come under scrutiny following its depleting USDC reserves after the collapse of Silvergate Bank. The report released on Aug 1 to show transparency in the exchange’s dealings with user assets has sparked arguments across social media spaces heightened by Brian Armstrong’s witty comment at the company’s latest earning call.... Read More: Binance Sale of USDC for BTC and ETH Raises Fresh Concerns In Latest Proof-of-Reserves Report

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