Binance released its highly anticipated proof of reserves (PoR) on Friday, providing blockchain-based evidence for the Bitcoin on its books. However, many in the crypto community question Binance’s approach, and aren’t fully convinced that they have the transparency they’re looking for. The Move to Proof of Reserves As Binance explained in its announcement, the exchange’s transparency system will add multiple tokens and networks within the next two weeks. For now, it solely validates its Bitcoin holdings. The company’s initial audit…
Tag: ClearView
Coinbase Testing Clearview, The New AI Recognition Software
Coinbase recently tested Clearview, AI facial recognition technology, according to the BuzzFeed News report. However, the exchange refuted claims that it used customer data for the test. Coinbase has over 20 million views every month and more than 30 million total accounts. The firm started scrutinizing Clearview following a New York Times article that shows its database of more than three billion images, scraped from various websites and social media platforms. Challenges Facing Clearview AI Recognition Facebook, Google, and Twitter…
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