Tether Holdings Limited, the issuer of the world’s largest stablecoin, USDT, has published its Q1 2023 Assurance Report, attested to by BDO Italia, a top five-ranked global independent public accounting firm. The report re-affirms the accuracy of Tether’s Consolidated Reserves Report (CRR), which details the assets held by the group …
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Web3 gaming has emerged as the hottest sector in the crypto world, raising over $7 billion in funding over the past 18 months. This is more than any other crypto sector in the industry, highlighting the immense potential and popularity of the gaming sector in the crypto ecosystem. Web3 gaming …
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While the crypto market has continued to evolve, the amount of crypto stolen has surged in recent years creating a large pool of fraud cases. In a historic verdict, US District Judge Lee Yeakel has ordered a South African executive to pay more than $3.4 billion in restitution and fines …
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In the last 24 hours, Bitcoin (BTC) has experienced a sharp increase in volatility, with prices fluctuating between $29,000 and $27,000, given the lack of liquidity in the market. This sudden price action has had a significant impact on bulls and bears. However, as of this writing, Bitcoin has managed …
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Bitcoin (BTC) price broke above $29,800 on April 26, totaling 9.6% gains in 24 hours, reaching as high as $30,024 on Bitstamp. Some commentators argue that the 50% drop in First Republic Bank (FRB) shares on April 25 has been the catalyst for Bitcoin’s rally. Bitcoin gains from banking crisis …
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[PRESS RELEASE – Victoria, Seychelles, April 6th, 2023] On-demand institutional liquidity network offers futures spreads, options strategies and spot OTC Rapid growth underpins OKX’s emphasis on product development specifically for institutional clients OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that its …
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As the digital asset market grapples with regulatory confusion, Ledger’s renowned catchphrase, “not your keys, not your coins,” has proven increasingly popular among its clientele. On March 30th, Ledger, the firm behind hardware wallets like the Nano S and Nano X, announced the successful closure of its Series C extension …
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The Federal Bureau of Investigation (FBI) revealed that Americans parted with over $10 billion last year due to online fraud. Wrongdoers drained $2.57 billion of that amount via cryptocurrency investment schemes. Crypto Scams on the Rise Despite the predominantly bearish year for the cryptocurrency industry, 2022 was fruitful for criminals. …
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As the Fed intervenes in order to prevent a crisis in the US banking system, analysts answer whether the Fed has chosen to pivot from its quantitative tightening measures. The banking crisis last week in the US pushed Wall Street to the edge giving glimpses of yet another 2008-like financial …
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Stablecoin issuer Circle disclosed late Friday that round $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Financial institution. This comes after the high-tech lender’s share value dropped precipitously in response to a run on deposits by nervous shoppers. Silicon Valley Financial institution crumbled on Friday morning, …
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Following the second-largest financial institution collapse in American historical past on Friday, market individuals are fearful about which companies may be caught up within the contagion surrounding Silicon Valley Financial institution (SVB). Right here’s what enterprise capitalists and main crypto executives needed to say in regards to the failure – …
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The proposed Biden funds plan would shut the present harvesting loophole on crypto tax losses, decreasing wash gross sales buying and selling. Based on reports, US President Joe Biden’s new funds plan may shut tax loss harvesting on crypto transactions. A White Home official confirmed that the funds, set to be revealed in …
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