Proof-of-Reserves

Highlights: Block now lets users verify its Bitcoin reserves through public proof-of-reserves checks. The company shows 28,355 BTC across customer holdings and corporate Bitcoin investment. Block also added new Bitcoin tools for Cash App, Square, and Bitkey users. Block, the […]

Highlights: Saylor says proof-of-reserves weakens security for custodians, investors, and issuers. Many crypto firms use proof-of-reserves to prove they cover customer deposits. Some in the crypto community see Saylor’s proof-of-reserves doubts as a red flag. On May 27, during the […]