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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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BREAKING: US Treasury Breached by Government-backed Hackers
Details are sketchy Reuters reports on Dec. 13 that the US Treasury Department and another US government agency responsible for internet and communications policy were hacked. The report indicates that these hackers were backed by a foreign government. дальше »
2020-12-14 22:53 | |
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Over $50 Billion in Tether (USDT) Moved From Chinese Borders in 2020
China-based Tether addresses accounted for over $50 billion in transfers outside the country’s borders this year, according to a report by on-chain analysis firm Chainalysis. Tether finds Takers Tether, the fourth-largest cryptocurrency by market cap, is a stablecoin said to be backed 1:1 with the USD. дальше »
2020-8-21 13:07 | |
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International Banks Reportedly Enhance Due Diligence in Hong Kong Following New Security Law
Global banks have begun scrutinizing their Hong Kong clients to filter out pro-democracy individuals following the new national security law backed by mainland China. A recent report by Reuters has revealed that the likes of HSBC, Credit Suisse, and Julius Baer are among the international banking giants that have since increased their diligence process, screening […] дальше »
2020-7-22 20:29 | |
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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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Bitcoin mining firm backed by Canadian government files for bankruptcy
A prominent Bitcoin mining firm based in Canada, Great North Data, has gone bankrupt, according to a local media report. The publication, citing a bankruptcy report, stated that CA$13.2 million was liThe post Bitcoin mining firm backed by Canadian government files for bankruptcy appeared first on AMBCrypto. дальше »
2019-12-6 19:30 | |
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Circle’s USDC Stablecoin Receives Clean Audit Report; Fiat Backed Reserves Grow by Over 50%
The USDC stablecoin parent company, Circle, most recent audit report shows the firm is liquid enough to back its 1:1 token peg ratio against the dollar. According to the audit done by Grant Thornton, Circle’s operation is well balanced besides being supported by Financial Services giant, Goldman Sachs. Back in October, Circle issued a circulating […] дальше »
2019-11-21 19:15 | |
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Crypto Assets Are Legal Equivalent of Property: Report
U. K. : Crypto-assets are legally equivalent to property, clearing the way for businesses to use digital currencies backed by blockchain technology, a high-powered group of legal experts chaired by a senior member of the judiciary reported today. дальше »
2019-11-19 20:16 | |
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U.S. Federal Reserve Says Stablecoins Might Aid Financial Stability
The U. S. Federal Reserve published its latest Financial Stability Report and its assessment of stablecoins is surprisingly positive. Stablecoins as a class include dollar-pegged cryptocurrencies like Tether, which are backed by traditional assets. дальше »
2019-11-18 01:00 | |
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Dow Sizzles Near Record Highs Despite Dangerous Employment Reality
The Dow Jones moved further above 27,000 on Friday as the S&P 500 and Nasdaq hit record highs in response to new US employment data. Bulls backed the stock market because the trade war doesn’t appear to be doing as much damage to the domestic economy as some feared. дальше »
2019-11-4 22:16 | |
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Bermuda government to accept taxes in USDC stablecoin
Based on the latest report by Circle, Bermuda became the first government to accept payments for taxes, fees and other government services using stablecoin, USD Coin (USDC). The acceptance of USD-backed cryptocurrency is a result of Bermuda’s efforts into supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services. дальше »
2019-10-16 19:56 | |
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USDC Marks a Year of Transparency
Today, Circle released the 12th consecutive report proving that every outstanding USD Coin (USDC) is backed by a US dollar. This report—and every other report—is publicly available here (and the latest one shows that, as of September 30th, there were 429,470,737 USDC outstanding and $429,965, дальше »
2019-10-16 17:47 | |
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iCashRewards Explores DigitalBits Blockchain for Tokenized Loyalty Reward Points
iCashRewards (iCash), a leading blockchain-based loyalty rewards solution provider backed by Digital One Asset Foundation, on October 7, 2019, announced that it is mulling the use of DigitalBits blockchain to tokenize its reward points. дальше »
2019-10-8 21:00 | |
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Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins
A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. дальше »
2019-9-28 13:00 | |
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OKLink Releases Third Audit Report; USDK 100% Backed by USD
OKLink, a blockchain technology company, and Prime Trust, a chartered Trust Company based in Nevada released on Septemeber 4, the third audited trust holding report for USDK, a US Dollar-backed ERC-20 stablecoin. дальше »
2019-9-5 13:00 | |
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Binance Issues Report On PBoC's Digital Currency
A research report from crypto exchange Binance has claimed that the digital currency being developed by the People's Bank of China (PBoC) will be backed one-to-one by fiat, replace notes and coins in circulation, and operate on a two-tiered system. дальше »
2019-8-30 23:45 | |
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CoinFlex Offers Physical Delivery of Bitcoin Futures Contracts to Asian Retail Investors
Coinspeaker CoinFlex Offers Physical Delivery of Bitcoin Futures Contracts to Asian Retail InvestorsRecent news report that a new cryptocurrency futures exchange CoinFlex which is reportedly backed by Roger Ver, now wants to physically deliver Bitcoin contracts. дальше »
2019-8-27 12:49 | |
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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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