Cryptocurrency Analysis and News Portal
According to reports on social media, a number of users have complained that FTX has blocked a transaction that was associated with the Aztec Network’s zkmoney privacy technology. Following the accusations, FTX CEO Sam Bankman-Fried explained that transactions are monitored for AML compliance but it “does not mean any accounts
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This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published
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The firm, a member of the Binder Dijker Otte, or BDO, global network of accounting and consulting firms, will publish the attestations and assurance reports that detail the assets that make up the $67 billion the USDT stablecoin has in reserves, Tether said Thursday. Original Source
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While the crypto market remains in its winter, some other sectors in the industry are experiencing a steady rise, one of the prominent examples of these sectors is the operational teams in the Polygon network. As of March this year, its total monthly active teams were around 8,000. However, recent data
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The United States subsidiary of electronic trading platform developer Clear Markets has reportedly received approval from the Commodity Futures Trading Commission, or CFTC, to offer over-the-counter crypto derivatives products with physical settlement.In a Tuesday notice, SBI Holdings — a stakeholder of Clear Markets — said the CFTC had approved the
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SoftBank, a Japanese conglomerate that has invested in crypto companies, reported a record quarterly loss of $23.4 billion. The company attributed the loss to the global tech stock sell-off and rapid fall of the yen, according to an earnings presentation. Source
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The company's 129,699 bitcoins held at the end of June 30, 2022, were acquired for approximately $4 billion, reflecting an average cost per bitcoin of approximately $30,664, the company reported. At bitcoin’s current price of about $23,000, the value of those holdings is approximately $3 billion. MicroStrategy's entire market capitalization
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On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year's quarter, the firm's revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net income fell from 26.6 million pounds ($32.42 million) in
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Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market.In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of
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STEPN said the team had identified several areas where the company will deploy its earned capital in order to improve game play. These include security enhancements, anti-cheating mechanisms to prevent bots from earning GMT, building the developer and core team and seeking out partnerships and/or sponsorship opportunities. Source
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