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Following the collapse of Terra and its ecosystem, there is a considerable reduction of confidence in stablecoins, especially Tether. Most participants in the crypto space have increased doubts about the level of stability with stablecoins. While many are treading more caution on most projects, some have made a complete back-out. That’s why the pressure has …

Tether Asset Reserves Figures Record Significant Plunge Compared To 2021 Leggi altro »

The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted it … to be clear FTX US isn’t FDIC insured.” FDIC Orders 5 …

FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange Leggi altro »

SBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans to sell its equipment and withdraw. Japan’s SBI …

Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining Sector Leggi altro »

Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has officially released the intellectual property (IP) rights tied to the Cryptopunks and Meebits NFTs. The company acquired the IP rights to the NFT collections in mid-March 2022, and owners can use their NFTs for commercial or personal purposes. Yuga …

Yuga Labs Officially Releases IP Rights Tied to Cryptopunks, Meebits NFTs — Galaxy Digital Report Criticizes BAYC License Leggi altro »

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 its quarterly assurance opinion completed …

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper Leggi altro »

According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from Uniswap’s server. 30 out of the 253 Blocked Addresses Are ENS Domain Names, Uniswap …

Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations Leggi altro »

An invention like Bitcoin couldn’t be created in universities, but a shift toward interdisciplinary study can make further breakthroughs possible. This is an opinion editorial by Korok Ray, an associate professor at the Mays Business School of Texas A&M University and Director of the Mays Innovation Research Center. Since the announcement of its inception in …

Why Bitcoin Could Never Have Been Invented In a University Leggi altro »

The properties of bitcoin reflect many of real estate’s value offers on top of fundamentally more secure custody. This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015. Bitcoin has a unique value proposition. As a protocol for exchanging value it allows …

Why Bitcoin Is Digital Real Estate Leggi altro »

Each Bitcoin sidechain implementation brings about different centralization and consensus issues to weigh and consider. This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. This article is the last in a series diving into the major sidechain designs that exist for Bitcoin. It is highly …

An Overview Of The Tradeoffs For Different Sidechain Implementations Leggi altro »

ESG seems like a positive way to protect the environment on a surface level, but a deeper examination reveals a more sinister path to totalitarianism. This is an opinion editorial by Macro Jack, a Bitcoiner with a background in traditional financial services spanning investment research, investor relations and business development. Environmental, social and governance (ESG) …

Environmental, Social And Governance Is A Wolf in Sheep’s Clothing Leggi altro »