Tether(USDT) Holdings has been disclosing its reserves and liabilities as part of a settlement with the New York Attorney General’s office in February 2021. Tether claims to have increased total assets by $21B in the new accounting review. Tether Holdings Limited, the company behind the USDT stable coin, released an independent accountant report on Monday claiming that its tokens are fully backed by its reserves. 

KYC tools can minimize hassle for US crypto market, FTX CEO says

FTX will now use phone numbers to confirm users’ jurisdiction and names in addition to testing new KYC tools. Ongoing regulatory scrutiny has forced many crypto businesses across the globe to close up shop. Complementing the announcement concerning the KYC-related update, Bankman-Fried cited investors’ funds and safety as a priority.

MicroStrategy and Bitcoin mining stocks rally as BTC price rebounds

The price of MARA, RIOT, MSTR, and other listed companies with exposure to Bitcoin has nearly tripled in the last three months. Bitcoin’s (BTC) price soared to a 3 month high at $46,293 after bulls confirmed that they intend to take full control of the market. While crypto traders might be in the green again and pro traders are looking to add larger leveraged positions, no every class of investors to obtain direct exposure to Bitcoin. 

Circle plans to become a full-reserve national digital currency bank

The circle is willing to operate under the supervision of the Federal Reserve, the U.S. Treasury, the OCC, and the FDIC, CEO Jeremy Allaire said. Goldman Sachs-backed digital payment company Circle has officially disclosed plans to become a full-reserve national digital currency bank in the United States. 

Bitcoin ‘awaiting the second leg of the bull market’ as BTC price hits $46K 3-month highs

Bitcoin (BTC) hit $46,000 on Aug. 9 as macro factors failed to dent enthusiasm after 18% weekly gains. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $45,500 at the time of writing Monday. After reaching local highs overnight, Bitcoin saw a comedown as the new week began, but this quickly U-turned to produce a three-month peak of $46,090.

 

How Bitcoin Mining by Governments Can Help De-risk Cryptocurrency

Crypto Tax In India Guide

Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
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New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
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USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
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Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
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Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes

On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape ...
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