On-chain data shows trillions of Shiba Inu (SHIB) tokens remain in the reserves of bankrupt crypto lender Voyager. Blockchain tracking company Lookonchain To tell Voyager’s reserves are $631 million worth of cryptocurrencies, including $81 millionRead More
U.S. regulators issued a joint statement to banks on Feb. 23, warning them of the liquidity risks posed by cryptocurrency-related customers and their deposits, Reuters reported. The letter, issued by the Federal Reserve Board, theRead More
Latest report SEC vs. Paxos: A Deep Dive into the Impact of Lawsuits and Implications for Stablecoins The SEC’s notice to Paxos to stop issuing BUSD could have long-lasting implications for the crypto market. ARead More
advertisement Within four days after the Securities and Exchange Commission (SEC) issued a warning to BUSD issuer Paxos, investors withdrew about $2.3 billion worth of Binance USD (BUSD) from Binance. The SEC requested Paxos toRead More
advertisement Stablecoin issuer Tether (USDT) is reportedly using Wall Street bank Kantor Fitzgerald to manage a $39 billion bond portfolio. wall street journal Reported on February 10th. According to reports, the stablecoin issuer will beginRead More
The fall in FTX has heightened the need for greater transparency among cryptocurrency exchanges. Several centralized exchanges have released evidence of their reserves to regain public confidence. However, publishing proof of reserves may not beRead More
After the paranoia and turmoil in the cryptocurrency industry caused by the FTX liquidity and bankruptcy scandals, major digital asset service providers in the space have started publicizing their reserves. The latest to join theRead More
According to most of the circle recently About 65% of all USD coin (USDC) reserves are held as US Treasury bills, according to the reserve report. Circle held $43.4 billion in USDC reserves to backRead More
Proof of Reserves (PoR) has gone from buzzword to buzz in recent weeks as the crypto world tries to recover from the shocks and losses of the current crypto winter. After a series of discussionsRead More
CleanSpark’s hash rate reached 6 EH/s on Dec 21st, compared to 2 EH/s on Dec 31, 2021, representing a 3x increase on an annual basis. The company says it has achieved its year-end target forRead More
