Coinbase Confirms Plans to Add Verifiable Proof of Reserves to cbBTC

Odaily News Coinbase confirmed plans to add a verifiable proof of reserve (PoR) to its wrapped Bitcoin token cbBTC to allay concerns about Coinbase's lack of transparency. Coinbase product manager Lukas Staniszewski recently posted on X: "For cbBTC, we have planned PoR from the early stage, and the team is working hard to build it." (Cointelegraph)