Daily Crypto News- Tether claims to have increased total assets by $21B in new accounting review

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Daily Crypto News- Tether claims to have increased total assets by $21B in new accounting review

Daily Crypto News- Tether claims to have increased total assets by $21B in new accounting review

Tether claims to have increased total assets by $21B in new accounting review

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

BuyUcoin Blog | By Anubha Singh