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Tether and Kraken Transparency Audits Aimed at Boosting Further Confidence Into The Crypto Markets
Tether Holdings Limited has released its June 2022 Assurance Consolidated Reserves Report. The debate on the reserves held by Tether has been ongoing, with Tether asserting that its tokens are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether’s reserves. дальше »
2022-8-25 20:39 | |
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Crypto Miners Pose Risk to Lenders as ‘Crypto Winter’ Continues to Strain Business
Loans to the tune of $4 billion, that are backed by crypto mining equipment, are facing potential default risk as per a report by Bloomberg released Friday. The post Crypto Miners Pose Risk to Lenders as ‘Crypto Winter’ Continues to Strain Business appeared first on BeInCrypto. дальше »
2022-6-26 14:30 | |
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Stablecoins highlight 'structural fragilities' of crypto — Federal Reserve
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors," said the Fed report. дальше »
2022-6-18 00:15 | |
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Report: Crypto mortgages are too risky
A new Weiss Rating report has warned about the risks of having mortgages backed by cryptocurrency, especially in the world’s current economic situation. The post Report: Crypto mortgages are too risky appeared first on CryptoSlate. дальше »
2022-5-3 22:00 | |
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Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies
After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide. дальше »
2021-12-7 18:56 | |
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A strong Q3 for Coinbase, but why aren't the numbers flying
Coinbase's Q3 report found that its 'strong' performance was backed by customer engagement and ongoing industry momentum. However, it added, " As our year-to-date results have clearly demonstrated, oThe post A strong Q3 for Coinbase, but why aren't the numbers flying appeared first on AMBCrypto. дальше »
2021-11-11 13:00 | |
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Moore Cayman: Tether (USDT) Stablecoins Fully Collateralized
Moore Cayman has confirmed that the USDT stablecoins being issued by Tether are fully backed by the firm’s cash and cash equivalents. In an independent report released on August 10, 2021, auditing firm Moore Cayman, stated that Tether had a total of nearly $63 billion in assets as of June 30, 2021. USDT Fully BackedRead More дальше »
2021-8-10 15:00 | |
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Tether Fully Backed with Reserves Also Held in Digital Tokens and Precious Metal: New Assurance Report
Tether Holdings Limited has released an assurance report by Moore Cayman on Monday for the period ending June 30, as per its continued commitment to transparency. As of writing, with a market cap of almost $63 billion, USDT accounts for 57% of the stablecoin market share. дальше »
2021-8-10 16:36 | |
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Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets
On July 20, the CEO of Circle Internet Financial LLC. , Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability. дальше »
2021-7-21 00:30 | |
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Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U. S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. дальше »
2021-7-18 14:00 | |
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How El Salvador Could Issue Digital Bond To Strengthen Bitcoin Law
Per a Bloomberg report, Canada-based company Blockstream will aid El Salvador in its effort to implement its Bitcoin Law. The company has proposed the national government issue digital bonds backed by U. дальше »
2021-7-4 21:54 | |
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75.85% of Tether is Backed by Cash & Cash Equivalents Reveals USDT Quarterly Report
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. дальше »
2021-5-13 18:05 | |
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Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. дальше »
2021-4-1 15:30 | |
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Tether (USDT) releases report claiming its stablecoins are fully backed
Tether Holdings Limited has reiterated its desire to prove its Tether (USDT) stablecoin is fully backed by its reserves by releasing an assurance opinion. The company provided the stablecoin’s Consolidated Reserves Report (CRR) along with an assurance report from accounting firm Moore Cayman. дальше »
2021-3-31 15:21 | |
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Cerealia SA pilots a project to trade grains using virtual tokens
Cerealia SA, a Swiss-based crop-trading blockchain firm, has tested the use of technology that facilitates the trading of grain with virtual tokens. A report unveiled this news on March 31, noting that the startup developed a non-fungible token (NFT) that is backed by 30,000 metric tonnes of white corn from Mexico. дальше »
2021-3-31 15:07 | |
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USDT is Fully Backed; Report Confirms as Part of Tether’s Transparency Commitment
The consolidated assets of Tether exceed its consolidated liabilities, states the accounting firm. The post USDT is Fully Backed; Report Confirms as Part of Tether’s Transparency Commitment first appeared on BitcoinExchangeGuide. дальше »
2021-3-30 20:52 | |
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“Very Healthy and Active Ecosystem” – New Report Claims Tron Isn’t A Scam
Tron is one of the major and popular blockchain-based systems in the industry that have backed up their existence with a digital asset. However, the network has faced some backlash, with some people accusing it of plagiarizing its White Paper. дальше »
2020-6-22 12:20 | |
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China’s Digital Yuan Set to ‘Displace’ Bitcoin and U.S Dollar; Report
China's Digital Yuan could challenge the U. S dollar and Bitcoin, according to a recent report by Bloomberg. The PBoC backed digital asset was piloted in April by the Agricultural Bank of China within four cities in the country. дальше »
2020-6-4 00:04 | |
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IMF Says Central Bank-Backed Crypto ‘Could Become Reality’
In its latest report entitled “Five Facts on Fintech,” the International Monetary Fund (IMF) said that based on its research, countries generally foresee the emergence of crypto assets backed by central banks. дальше »
2019-6-30 21:00 | |
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Retaliation by Central Banks will ‘complicate legal matters’ for Facebook, says Circle Research on Libra
Facebook’s cryptocurrency initiative being subjected to criticism from lawmakers, despite being backed by industry giants, depicts the prevailing lack of trust between the social media giant and the government, owing to its “disregard for user privacy” as US Senator Maxine Waters put it. дальше »
2019-6-22 17:30 | |
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Facebook Launching Libra Blockchain Testnet Backed by Libra Reserve Next Week
Coinspeaker Facebook Launching Libra Blockchain Testnet Backed by Libra Reserve Next WeekPer the report, Facebook and dozens of its partners will unveil the Libra Association, which will be based out of Geneva, as the entity that will oversee the company’s Libra cryptocurrency project. дальше »
2019-6-16 13:42 | |
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Facebook’s Crypto Backed by Visa, PayPal, and Uber; Whitepaper Due in Days
In the lead up to Facebook’s official cryptocurrency reveal, the social media titan has signed up gigantic backers for its “Project Libra” as well hiring senior UK bank lobbyist, Ed Bowels. This, according to reports from The Wall Street Journal (WSJ) on June 13, 2019, and the Financial Times. дальше »
2019-6-15 18:42 | |
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Reserve Bank Of India Denies Involvement In Proposed Bill To Ban Crypto
After a report suggested that several government departments had backed a complete ban on the “sale, purchase and issuance of all types of cryptocurrency" in India, the RBI issued a statement claiming to have had no involvement in the proposed law. дальше »
2019-6-7 19:32 | |
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Malta: Crypto-Friendly Founders Bank Hires Ex Deutsche Executive as New CEO
Founders Bank, a Malta-based blockchain-friendly financial institution has hired Kenan Altunis, former Deutsche Bank chief executive officer, to function as its CEO, according to a Bloomberg report on May 9, 2019. дальше »
2019-5-12 09:30 | |
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Filings Reveal that Only 74 Percent of USDT Is Backed by Short-Term Liquid Funds
According to a Bloomberg report published April 30, 2019, only 74 percent of Tether’s USDT stablecoin is backed by fiat and other short-term liquid assets. The Trouble Runs Deep In an affidavit filed with the Supreme Court of State of New York on April 30, 2019, Tether’s general counsel Stuart Hoegner stated that the companyRead MoreRead More. дальше »
2019-5-2 11:48 | |
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Report: Tether USDT Only 74 Percent Backed by Fiat
Tether, the company behind the USDT stablecoin, has released a document detailing its fiat holding to support the currency. According to the report, prepared and issued by the company’s lawyers, Tether only has cash reserves. дальше »
2019-5-1 21:19 | |
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India is reportedly looking to ban cryptocurrencies once and for all
India’s government is once again looking to ban cryptocurrencies and regulate official digital currencies. According to a report by India’s Economic Times, the government has kickstarted inter-ministerial consultations on a draft bill, which has reportedly been shared with relevant government departments. дальше »
2019-4-26 12:49 | |
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Thailand and Myanmar Endorse Ethereum Blockchain-based Everex Technology for Remittances
According to a recent report released by Cointelegraph, the governors of two central banks backed a blockchain-based remittance system developed by Everex. This remittance service is based on Ethereum (ETH) one of the largest blockchain networks in the market. дальше »
2019-4-6 23:10 | |
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Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software
This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi. дальше »
2019-4-2 21:54 | |
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OmiseGO Falls on Rumors of Acquisition, Fake News Says Omise, Muh Sources Say Reporters
Thailand’s biggest private company, Charoen Pokphand Group (CP Group), has allegedly acquired OmiseGO’s parent company, Omise, for $150 million according to a still standing report by a new VC backed. дальше »
2019-3-30 21:23 | |
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Cryptocurrency-backed Palladium to be tabled by Russian billionaire
Vladimir Potanin, the billionaire CEO and chairman of the Board of Management at Norilsk Nickel, the world’s largest producer of palladium, is looking to include cryptocurrency tokens for trading palladium, stated a March 29 Bloomberg report. дальше »
2019-3-29 20:00 | |
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Next Bitcoin Halving is Attractive for Investors, Says Top Asset Manager
Now is the right time for investors to create their core strategic positions in bitcoin, says a top asset management firm. New York-based Greyscale Investments, backed by Barry Silbert’s Digital Currency Group, published an evaluative report detailing the historical correlation between bitcoin halving events and its price. дальше »
2019-3-30 19:45 | |
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No US-China Trade Talks for 2 Weeks Running: Is Trump Preparing for an Ultimatum?
U. S. President Donald Trump has said on March 14 that he is not in a rush to complete a comprehensive trade deal with China after facing roadblocks in industrial policy compromisation. In recent months, the U. дальше »
2019-3-14 14:57 | |
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As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets
As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends. дальше »
2019-3-5 20:20 | |
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Singapore State-Owned Fund Backed Coinbase’s $300 Million Raise: Report
GIC Private Limited, a Singapore government-owned wealth fund, backed Coinbase’s major funding round last year, say Bloomberg sources. дальше »
2019-2-28 15:01 | |
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Tron Adds 14 New dApps TRX Network Continues Priming the Pump During Crypto Market Slump
Tron is making headway and its changes have already enabled it to catch up to EOS, a blockchain firm that is backed by $4 billion that it was able to raise through its ICO. According to a report by Tron, it is performing better than EOS. As the report states, “if we take a closer […] дальше »
2019-2-26 18:39 | |
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Bitcoin Cash Spoils XBT Provider AB’s Plans for a Crypto ETP
XBT Provider AB planned on launching an exchange-traded product (ETP) in the form of a cryptocurrency basket last year but backed out because one of those cryptocurrencies spoiled the party. Can you guess which one? As suggested by a report from Bloomberg, XBT CEO Laurent Kssis “didn’t have a clue” about the potential for a Bitcoin Cash (BCH) hard fork — which happened late last year — despite getting the green light from Swedish regulators Read More The post Bitcoin Cash Spoils XBT Provider AB’s Plans for a Crypto ETP appeared first on Bitcoinist.com. дальше »
2019-2-14 10:00 | |
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Circle’s USDC Stablecoin Fully Dollar Backed, Says Latest Auditor’s Report
Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, according to auditing firm Grant Thornton. дальше »
2019-1-17 15:15 | |
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Crypto Exchange Gemini Pushing for Regulation in New Ad
Bitcoin (BTC), Cryptocurrency, Gemini–While cryptocurrency continues to find its footing in 2019, Winklevoss Twins’ backed exchange Gemini is tackling a direction for the industry. According to a report by the Wall Street Journal on Jan 4. дальше »
2019-1-5 17:16 | |
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Bloomberg Finds That Tether Could Be Backed by Sufficient USD Collaterals
Bloomberg reported December 18 that Tether, the largest stablecoin by market cap, is most likely backed by equivalent USD deposits. Tether’s Bank Statements Suggest USD Sufficiency According to the report, Bloomberg reviewed the bank statements of four separate months which depicted that the amount of USDT coins in circulation was in accordance with Tether LTD’s […] Bloomberg Finds That Tether Could Be Backed by Sufficient USD Collaterals was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »
2018-12-19 15:59 | |
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USD Coin (USDC): Circle Issues Attestation Report of US Dollar Reserves Backing USDC
The attestation report made by Grant Thornton US has verified Circle’s claims that more than 127.4 million USDC coins in circulation were backed by the same amount of fiat money in custody accounts. дальше »
2018-11-22 20:07 | |
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Circle Has Enough USD Reserves to Fully Back Its USDC Stablecoin, Auditors Say
CoinSpeaker Circle Has Enough USD Reserves to Fully Back Its USDC Stablecoin, Auditors Say According to the first attestation report on Circle’s stablecoin, the firm’s USDC supply is fully backed by its dollar holdings. дальше »
2018-11-22 14:14 | |
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