Coinbase to add proof of reserves to Bitcoin wrapper cbBTC
Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
BlackRock transfers $1.22B in Bitcoin to Coinbase in four days
BlackRock's seamless $1.22B Bitcoin transfer to Coinbase highlights crypto market maturity, indicating robust liquidity and instit...
Revolut to Delist USDT by August amid Risk Concerns
Key Takeaways: Revolut will remove USDT from its crypto offering, preventing users from holding the stablecoin after August 31, 20...
Former Blackrock Executive Defends Ethereum as Solana’s Validator Count Shrinks to 800
Sharplink co-CEO Joseph Chalom, a former Blackrock executive, has pushed back on claims that Ethereum has a “culture problem,” arg...
Bitcoin ETFs see biggest inflow since May after weak US jobs report sparks BTC price rebound
US spot Bitcoin exchange-traded funds (ETFs) drew their largest daily inflow since May after a weaker-than-expected jobs report ea...
Bitcoin whales send 49,000 BTC to exchanges as $60K rebound shows signs of weakness
Bitcoin’s recovery above $60,000 is facing a fresh test from exchange-flow and derivatives data after large holders moved one of t...
BlackRock sees 10-day Bitcoin outflow streak, $2B withdrawn
Institutional sentiment shift may impact Bitcoin's perceived stability, influencing market confidence and future investment strate...