2024-11-20 23:17 |
The YouTube competitor had about $131 million of cash and cash equivalents on its balance sheet as of the end of the third quarter. origin »
|
Paxos also blasted Tether (USDT) and Circle (USDC) for claiming themselves to be regulated while having 75. 85% and 61% in cash and cash equivalents that are “backed substantially by corporate debt obligations.
2021-7-23 16:56 | |
|
|
With a market cap of nearly $26. 9 billion, USDC is the second-largest stablecoin capturing 23. 57% of the stablecoin market share, up from 9. 15% a year back. This year alone, USDC in circulation has grown by over 2,600%.
2021-7-21 20:55 | |
|
|
In this detailed guide, we will discuss crypto on chain analysis, top 5 tools, top 3 analysts, and many more. Read till the end. The assets evolving in the blockchain ecosystem are in no way similar to any traditional asset such as stocks, bonds, real estate, and other cash equivalents.
2021-7-15 14:45 | |
|
|
Cash, cash equivalents, other short-term deposits and commercial paper make up 75.85% of Tether’s proven reserves as of March 31.
2021-5-14 21:20 | |
|
|
Dominant stablecoin USDT issuer Tether Holdings Limited has released its quarterly report providing the breakdown of its reserves backing the issued Tether tokens. As part of the settlement deal with NYAG, Tether will be releasing these breakdowns on a quarterly basis for the next two years.
2021-5-13 18:05 | |
|
|
Online game provider Nexon announced that it had purchased $100 million worth of Bitcoin, representing less than 2% of Nexon’s total cash and cash equivalents on hand. By acquiring 1,717 BTC at an average price of $58,226, Nexon has become the first publicly-traded company in Japan to do so.
2021-4-28 16:04 | |
|
|
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin.
2021-1-14 23:30 | |
|
|
Cryptocurrency exchange Bitfinex can now stop sharing documents about its use of Tether with the New York Attorney General (NYSAG) after winning a motion in the appellate division of the New York Supreme Court over an alleged $850 million cover-up.
2019-9-25 12:57 | |
|
|
Apple will not allow users of its soon-to-be-released credit card to buy cryptocurrencies or “cash advances or cash equivalents”, according to reports. That fits with what we know about Apple, but that hasn’t stopped headlines...
2019-8-5 14:37 | |
|
|
Good morning! It’s the first day of a new week so you know what that means. It’s time for Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Take a look. 1. Owners of Apple’s hotly anticipated credit card will not be able to buy cryptocurrency with it, Reuters reports.
2019-8-5 11:46 | |
|
|
Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips.
2019-8-5 19:20 | |
|
|
Apple and Goldman Sachs’ new credit card will not let users buy cryptocurrencies. This, according to a customer agreement published on Goldman Sachs’ website on August 2. The agreement notes that the card may not be used for obtaining cash advances or cash equivalents that include digital currencies, lottery tickets, race track wagers, and casino gaming […] The post Bitcoin and crypto purchases will be prohibited with Apple’s new credit card appeared first on CryptoSlate.
2019-8-3 13:32 | |
|
|
Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
|
|
Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
|
|
By CCN. com: In the past 24 hours, the bitcoin price has increased by just over 1 percent against the U. S. dollar, extending its year-to-date (YTD) gain to 44. 27 percent and leading the crypto market to recovery.
2019-5-2 12:48 | |
|
|
Tether’s lawyer has now admitted that the stablecoin is only 74 percent backed by cash and equivalents, according to an affidavit filed on Tuesday. In the filing, Stuart Hoegner, the company’s general counsel, said Tether held approximately $2.
2019-5-1 13:19 | |
|
|
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
|
|
By CCN. com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash.
2019-5-1 23:36 | |
|
|
Tether has been experiencing some major negative attention lately after rumors started circulating about how the stablecoin is actually backed. However, it looks like Tether’s general counsel is coming out of the woodwork with a little more honesty, as he has confirmed that there is 74% of the stablecoin’s liquidity that is backed by fiat […]
2019-5-1 22:03 | |
|
|
Tether's general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.
2019-4-30 18:47 | |
|
|
The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
|
|
The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.
2019-3-18 17:48 | |
|
|
Tether says its coin is backed by “cash equivalents” and “other assets.” But what are these?
2019-3-15 22:05 | |
|
|
On Wednesday, investors in Tether, the most dominant stablecoin in the crypto market, pointed out a change in the stablecoin’s Terms of Service and Risk Disclosure which described that its USD reserves will be composed of loans issued by Tether, not solely by cash.
2019-3-14 19:48 | |
|
|
Jurrien Timmer, Director of Global Macro at Fidelity Investments, recently shared Bitcoin valuation models based on adoption curves and monetary policy scenarios, offering his perspective on the asset’s maturing role as both a network and a monetary innovation.
One of crypto's biggest flaws – a lack of mainstream use – could be going away.
Rockstar believes that as more quality Bitcoiners join, support, communicate and collaborate, Bitcoin will continue to rise.
Bitcoin Lightning applications that MicroStrategy plans to release include enterprise infrastructure services and content monetization solutions, Saylor said.
Bankruptcies, shrinking profit margins and traders realizing hefty losses are all signs of capitulation from various market participants.
The latest edition has included a host of achievements from “Cryptomania,” including the record CryptoPunk NFT sale and El Salvador becoming the first country to adopt BTC as a legal Tender.