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The NYDFS will broaden the amount of information available in attestation reports by requiring that stablecoin's assets be reported not only in aggregate, but also by asset class. So a stablecoin issuer would have to list how much commercial paper it owns, its allocation to money-market mutual funds, its deposits,
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Riot, however, decreased its hashrate expectations for the year to 12.5 exahash per second (EH/s). The downgrade follows June's reduced forecast, when it said it expected 12.6 EH/s by January 2023, below May's prediction of 12.8 EH/s. The miner produced 421 bitcoins in June, compared with 466 BTC in May,
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The firm borrowed large amounts of funds from several crypto lenders, including BlockFi, Celsius, Babel Finance and Voyager Digital, but was unable to pay. The lenders halted withdrawals or needed credit lines extended to weather the storm. Chapter11dockets.com first announced the bankruptcy, and Bloomberg reported it was a Chapter 15
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In a statement shared with CoinDesk, Greenidge said the decision would not “have any impact on our current operations in Dresden.” The company said it will continue to operate under its current air permit, which is still in effect, “for as long it takes to successfully challenge this arbitrary and
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Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that
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“By partnering with NYCB, we are opening up new pathways for community banks and MDIs across the country to be key participants in the fast growing digital assets market," Dante Disparte, Circle's chief strategy officer and head of global policy, said in the statement, referring to minority depositary institutions. Original Source
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On Wednesday, Uniswap announced that former New York Stock Exchange president Stacey Cunningham will join the company as an advisor.Cunningham served as the first female president of the New York Stock Exchange after beginning her career as a trader on its floor. She said in a statement that she believes
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The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According to a DFS statement, it is the first regulator in the United States to impose such expectations on a stablecoin issuer.The requirements in the guidance concern redeemability,
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De acuerdo con la guía del NYDFS, las stablecoins, cuyo valor está destinado a vincularse con el dólar estadounidense u otros activos, deben estar respaldadas por una reserva compuesta por letras del Tesoro de los Estados Unidos con no más de tres meses de vencimiento, notas del Tesoro de los
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Letitia James, the New York Attorney General, has made several statements towards cryptocurrency investment on Friday, June 3. The AG released a statement commenting on the volatility of crypto assets and warned investors of the high-risk nature of investing in crypto, as seen in the crash of the UST stablecoin
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