![Texas proof-of-reserve bill passes through the Senate Texas proof-of-reserve bill passes through the Senate](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/04649edc-92d0-488c-aa18-6243a32f07b8.jpg)
The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas. The bill…
![Binance Launches Proof-of-Reserve System for Bitcoin, Ethereum ‘Coming in The Near Future’ Binance Launches Proof-of-Reserve System for Bitcoin, Ethereum ‘Coming in The Near Future’](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2021/03/Binance-gID_2.jpg@png)
Binance, the world’s largest crypto exchange by trading volume, released its proof-of-reserves (PoR) system today, which it said “is the next step in its “commitment to transparency and fostering trust in the ecosystem.”…