Hash #27: December 2nd, 2022 – Financial Events:
Proof of reserve vs. fractional reserve
Which organization uses this for what purpose?
What is the benefit of implementing it and who (consumers, regulators, etc.) benefits the most if centralized crypto exchanges become more transparent?
Chapter 11 Bankruptcy
How does it work?
Which crypto companies are going through this filing currently?
What happens to companies when they declare bankruptcy? (Chance to organize and recover)