BDO Italia’s latest attestation report for Tether revealed that Bitcoin (BTC) made up approximately $1.5 billion of the stablecoin issuer’s reserves, or roughly 2% of the total, at the end of the first quarter. The accounting firm did not list Bitcoin as a line item in previous reports. Without much fanfare, Tether has started reinvesting some of their profits/excess reserves…
Snapchat influencer Caryn Marjorie is harnessing the power of the AI revolution to fulfill the dreams of millions of her followers: becoming their girlfriend. She’s making some serious cash too. Marjorie, using OpenAI’s GPT technology, has created CarynAI, an AI avatar that offers virtual companionship for a dollar per minute. It’s not a totally unfamiliar venture in the world of…
press release PRESS RELEASE. May 10 2023 Victoria, Seychelles – Bitget, the top derivatives and copy trading platform, has announced the listing of the ORDI token in the newly launched BRC-20 zone and has also revealed plans to bring other promising BRC-20 tokens to its platform. In addition to ORDI, Bitget has also announced a new round of Launchpad featuring…
From ransomware payments demanded in cryptocurrencies to state actors using digital assets to circumvent sanctions and other restrictions, the Department of Justice (DOJ) is raising the alert that crypto is expanding into every area the agency is exploring. “We are seeing cryptocurrency and digital assets really touch every aspect of criminal activity we investigate,” stated the DOJ’s director of National…
The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research. Source: https://cointelegraph.com/news/irs-claiming-44b-from-ftx-bankruptcy-report
A joint hearing on Capitol Hill sought to measure the regulatory gaps in crypto on Wednesday. The criteria for determining whether a token should be considered a security or a commodity highlighted how wide those gaps have been. The topic has been a sticking point for years, and a puzzle piece for determining to what degree the Commodity Futures Trading…
After a brief overshoot above $2,000 on May 6, the Ether (ETH) price has returned to the tight range between $1,820 and $1,950, which has been the norm for the past three weeks. According to the latest Ether futures and options data, odds favor the Ether price breaking below the $1,820 support as professional traders have been unwilling to add…
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms. Paypal’s Crypto Holdings Increase in Value Since Dec.…
Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home. In a May 10 joint hearing on the future of digital asset regulation, some lawmakers pointed to the European Union’s Markets in Crypto Assets framework and digital asset regulation in…
In this week’s newsletter, learn about emerging technologies creating new ethics for humankind. Read about the nonfungible token (NFT) marketplace Binance NFTs adding support for Bitcoin Ordinals on its platform, and check out why Kenyan lawmakers are considering a tax on crypto and NFT transfers. In other news, former OpenSea manager Nathaniel Chastain was found guilty of insider trading in…
