The launch of Coinbase cbBTC on the Base network has fueled concerns over its reserve transparency. These concerns gained traction after Justin Sun pointed out the lack of Proof-of-Reserve (PoR) for the new product. Despite this, Bloomberg senior ETF analyst Eric Balchunas has defended the exchange’s integrity, citing BlackRock’s involvement as a reason for trust The post Coinbase cbBTC: Can BlackRock Backing Restore Community Confidence? appeared first on CoinGape .
