Ethereum
Stablecoin Issuer Tether's Reserves Partly Managed by Cantor Fitzgerald: WSJ
The Wall Street bond trading powerhouse is managing Tether’s $39 billion bond portfolio, according to the report. Source link
Month: February 2023
Bitcoin
Tether's Attempt to Block CoinDesk's Request for Stablecoin Reserve Records Dismissed by New York Court
A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CoinDesk’s request for information about the financial reserves backing […]
Market Analysis
Celsius Seeks to Raise $14.4M Through Bitmain Coupons
Celsius has filed a proposal to liquidate Bitmain coupons and credits for $14.4 million as it risks hitting a liquidity wall. The liquidity trouble deepened for the crypto lender after the court ordered it to […]
Ethereum
SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
“We had not tried to sit down with people in the industry” to discuss staking, the process by which crypto holders delegate their tokens to validators in order to earn crypto rewards, Peirce said. She […]
Bitcoin
Stablecoins Are Not Worth the Risk
In theory, stablecoins could be used widely for ordinary payments. But no stablecoins show signs of functioning at scale. High fees, slow processing speeds and other barriers make them expensive and inconvenient. Nor are they […]
Market Analysis
Binance Upgrades Proof of Reserves Privacy With Zk-SNARKs
Binance announced that it would introduce zero-knowledge proofs to improve the quality of its Proof of Reserves report. Zk-SNARKs will allow Binance users to securely and privately confirm nonnegative balances and changes of balances using […]
Regulation
28 Hours in the Sewer: Yuga Labs’ Dookey Dash Game Kept Players Running
In the Web3 giant’s first skill-based mint, almost 26,000 holders of Sewer Pass NFTs played the game for a cumulative time of 80 years – promising numbers for Yuga’s metaverse initiatives. Source link
Ethereum
After Kraken Crackdown, Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?
Meanwhile, the inferno of FTX and some of the other crypto misdeeds are “confirming some of people’s darkest concerns about crypto and blockchain,” he said, which further hinders the legislative process. However, he said it’s […]
Market Analysis
South Korea Sanctions 11 North Korean Parties for Crypto Crimes
South Korea has announced it will sanction specific individuals and entities in North Korea in retaliation against crypto thefts and cyber crimes. The country is embracing blockchain technology to build public infrastructures such as the […]
Regulation
PayPal Held $604M of Customers' Crypto as of Year-End 2022
The payments company held $291 million of bitcoin and $250 million of ether, with the rest comprising litecoin and bitcoin cash. Source link