'Dr. Doom' Roubini says that cryptoexchanges are actually banks, and the crypto there is not safe. davidgokhshtein cz_binance
, famous for predicting the collapse of the mortgage market in 2008-2009 and called"Dr. Doom" for that, remains a vocal crypto hater.
This time, he has taken to Twitter to take a dig at crypto exchanges and the concept of"proof of reserves" offered by CZ of Binance.Roubini has taken a jab at crypto exchanges and the"proof-of-reserves" concept recently offered byin response to FTX going bankrupt, along with its founder, former crypto billionaire Sam Bankman-Fried.
CZ called on crypto exchanges to provide proof of reserves to show the crypto community that exchanges are indeed keeping customers' crypto safe. Today, CZ announced that the subsidiary of Binance, CoinMarketCap, has launched a new dashboard feature that the shows PoR of various crypto exchanges.This feature shows that the funds held by Binance surpass $78.7 billion worth of various cryptocurrencies.
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