Kraken’s Jesse Powell stressed that a crypto POR audit “requires cryptographic proof of client balances and wallet control.”
Kraken's Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit 'Requires Cryptographic Proof'
On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.”
Jesse Powell Stresses a ‘Proof of Reserves Audit Requires Cryptographic Proof of Client Balances and Wallet Control’ Kraken’s Jesse Powell has had a lot to say about the recent FTX collapse, as the exchange executive recently
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BREAKDOWN: 'A Fight Worth Having' - A Conversation with Jesse PowellListen to this episode from CoinDesk Podcast Network on Spotify. This episode is sponsored by Nexo.io, Circle and Kraken.On today’s episode of ‘Grateful for Bitcoin,’ NLW is joined by Kraken co-founder and CEO Jesse Powell. They discuss the fallout from FTX, philosophy, regulations, NFTs and how the industry can move on in a positive direction. Image: https://www.gettyimages.com/detail/illustration/close-up-hand-holding-bitcoin-on-blue-royalty-free-illustration/1326414104?adppopup=true-Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.-Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.-Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is 'Back To The End' by Strength To Last. Image credit: Malte Mueller /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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