Cryptocurrency Analysis and News Portal
Finding an auditor for the whole balance sheet is difficult given the complexities of auditing crypto assets due to challenges like price volatility. Source
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The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage. Source
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In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about its connections to the collapsed crypto exchange, saying the firm’s previous responses to similar questions in December were “evasive and incomplete.” Source
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The investment firm’s crypto bets included now bankrupt FTX, which owned a 30% SkyBridge stake Original Source
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The move comes as the quality of stablecoin reserves continues to receive scrutiny. Original Source
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Gabriel Makhlouf said crypto has "no social value whatsoever" during a parliamentary session in Ireland on Wednesday. Original Source
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Binance, the world’s largest crypto exchange by trading volume, mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, Bloomberg reported, citing an unidentified Binance spokesperson. Source
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The number of layoffs at the Hong Kong crypto exchange was not specified. Source
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Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down. Original Source
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Mike McGlone, Bloomberg's senior commodity strategist believes Bitcoin (BTC) could be developing a "bottom" in the same way it did prior to 2019's bull run but said there is a major difference this time around.During a Jan. 16 interview with crypto podcaster Scott Melker, McGlone argued unlike in 2018 when
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