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Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO

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According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.

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California governor vetoes hotly-contested AI safety bill

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Gavin Newsom has vetoed SB 1048, saying that “while well-intentioned,” it could place unnecessary restrictions on emerging AI companies in California. 

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Vitalik Buterin proposes metrics to measure ‘Ethereum alignment’

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Ethereum-based projects should have metrics to strive toward to ensure they are collectively “building something that feels like one Ethereum ecosystem.”

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Crypto wallet drainer was on Google Play for months, stole $70K: Report

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The malicious wallet-draining app marked “the first time drainers exclusively targeted mobile users,” says Check Point Research.

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