News

Coinbase Launches $500,000 Developer Grant Program 

Coinbase, a cryptocurrency exchange, published an article titled “How Crypto Companies Provide Proof of Reserves” on its official website.
Coinbase Launches $500,000 Developer Grant Program  3

Coinbase has stated that, as a public company, has certified its reserves using audited financial statements and is investigating how to use more crypto-native methods to prove reserves.

The company’s financials are audited quarterly by an external auditor, and they file annual audited financial statements with the SEC. When external auditors come in to look at our cold storage reserves, the randomly selected addresses claim ownership and require us to move those funds through our key signing ceremony to demonstrate ownership.

Coinbase Launches $500,000 Developer Grant Program  4

Coinbase also announced a $500,000 developer grant program to help those making progress in on-chain accounting, privacy-preserving techniques for proof of assets or liabilities (including the use of zero-knowledge techniques), and other related technologies or teams.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Chubbi

Coincu News

Chubbi

Recent Posts

10 Best Cryptocurrencies to Buy in November 2024 Before Major Bull Run Swings into Action

Cryptocurrency has come a long way since its early days. With the rise of Bitcoin…

1 hour ago

BIT Mining (NYSE: BTCM) Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining

Cayman Islands, Cayman Islands, 14th November 2024, Chainwire

1 hour ago

Bitcoin Spot ETF Inflows Hit $510M, Marking Six-Day Streak

Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive…

7 hours ago

Solana DEX Trading Volume Hits $5B Daily for Three Straight Days

Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…

9 hours ago

Phantom iOS Users Lost Recovery Phrase After Updating to New Version

Phantom iOS users are warned that a recent app update caused some users to log…

9 hours ago

Japanese Crypto Exchange Coincheck Gets Approval to Launch in the US

Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…

10 hours ago

This website uses cookies.