The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves. Tether today releases its attestation for Q3 /2023.- cash & cash equivalent portion of reserves is…
While unlikely, Bloomberg’s ETF analysts conceded there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the fl… Source: https://cointelegraph.com/public/index.php/news/bitcoin-spot-etf-deny-rug-pull-gary-gensler-sec-bloomberg-analysts
At the time of bankruptcy, FTX faced a shortfall of $8 billion owed to its customers. Source: https://cointelegraph.com/public/index.php/news/sbf-says-spending-ftx-customers-money-risk-management-report
The ongoing criminal trial involving FTX founder Sam Bankman-Fried (SBF) will move into closing arguments on November 1. On Day 15 of the SBF trial, lead defense attorney Mark Cohen’s request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to closing arguments from both sides at 9:30 a.m. ET (1:30 p.m. UTC) on Nov.…
Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million. Compared to the ten-month total of $1.4 billion, losses in October…
We’re thrilled to announce that Celestia (TIA) is now available on Kraken! Funding and trading TIA funding and trading are live. Add TIA to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Only deposit TIA on Celestia. Deposits using other networks will be lost. Got TIA and a Kraken account? ⤵️ TIA is tradeable on…
Preparations for the third edition of the NFT Paris conference on February 23-24, 2024 are well underway, and founder Alexandre Tsydenkov anticipates a big turnout, with mainstream brands “fully embracing” the technology of NFTs or non-fungible tokens. Even amid the current bear market, brands continue to have active NFT projects in development, Tsydenkov told Decrypt (an official media partner of…
The members of a community of any type want to feel like they’re involved, connected and part of something that’s genuinely unique and valuable. That’s certainly true of the communities that support nonfungible token projects. And it’s not just about a “warm and fuzzy” feeling. A healthy, engaged community can not only provide valuable feedback and long-term investors for NFT…
Buffett’s bet on crypto-friendly Nubank has put Berkshire Hathaway $130 million in profit already this year. Source: https://cointelegraph.com/public/index.php/news/warren-buffett-crypto-nu-stock-apple-amazon-2023-bitcoin
Bitcoin (BTC) worth over $7.2 billion is still controlled by the United States government — but its losses are mounting. Data from on-chain analytics firm Glassnode shows that Washington’s seized bitcoins total 210,429 BTC as of Oct. 31. 195,000 BTC sold, $6.3 billion down The U.S. Department of Justice (DoJ) and Internal Revenue Service (IRS) are well known — perhaps…
