Grayscale said “security concerns” are the reason it's refusing to release on-chain evidence of its crypto reserves, instead sharing a letter from Coinbase’s custody service attesting to its crypto holdings for its investment products.
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.”addressing investor concerns, Grayscale laid out information regarding the security and storage of its crypto holdings and said all crypto underlying its investment products are stored with Coinbase’s custody service, stopping short of revealing the wallet addresses.
6) Coinbase frequently performs on-chain validation. Due to security concerns, we do not make such on-chain wallet information and confirmation information publicly available through a cryptographic Proof-of-Reserve, or other advanced cryptographic accounting procedure.
Some Twitter users hit out at Grayscale’s view that security concerns surrounded its decision to withhold its wallet addresses, with one
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Coinbase, Silvergate and crypto stocks tick lower, Grayscale trusts hit new lowsGrayscale trusts hit new lows while crypto stocks sink.
Weiterlesen »
The Internet Lives in a Huge Hotel in ManhattanThe physical reality of 'the internet' is pretty mundane–just servers and cables. The idea that the internet physically exists somewhere, though, and that place is a hotel in Manhattan, that's pretty wild. (From 2015)
Weiterlesen »
Fintech firm TrueLayer to power Coinbase payments, eyes stablecoinsTrueLayer is continuing its push into digital assets via the partnership and hinted at its interest in developing a GBP-backed stablecoin.
Weiterlesen »
Trust Wallet launches browser extension, integrates with Binance Pay and Coinbase PayTrust Wallet is hoping to gain more 'trust' with the rollout of this new feature. The self-custody wallet has launched a new browser extension, allowing users to send and receive crypto across all EVM chains and Solana.
Weiterlesen »
Bank of America downgrades Coinbase, says FTX collapse raises 'contagion risk' for crypto platformThe analyst cited three reasons for the downgrade, including lower trading expected from retail traders after the debacle.
Weiterlesen »
Here are Friday's biggest analyst calls: Coinbase, Apple, Amazon, GM, Conagra, Pfizer & moreAnalyst call of the day for CNBCPro subscribers: Evercore ISI reiterates Apple as outperform and says concerns about extended lead times for the iPhone are overdone. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Weiterlesen »