Binance’s proof of reserves raises concerns
There are a number of causes for alarm, including the organizational setup, crypto liabilities, and the quality of internal controls.Accounting and financial…
Author
1717 posts
Caroline Ellison employs a former SEC crypto regulator as a lawyer for the FTX…
Caroline Ellison, former head of Alameda Research, recruited a former SEC crypto regulator to defend her in an ongoing federal investigation involving the collapse…
Coinbase Urges Customers to Abandon Tether by Offering Free USDC Transfers
The biggest cryptocurrency exchange in the United States, Coinbase, does not want its clients to utilize the Tether stablecoin. Instead, it is paying rewards on its…
Audit of Binance’s Proof-of-Reserves Indicates That Assets Are Overcollateralized
Mazars' proof of reserves study indicates that Binance has sufficient assets to cover client withdrawals.The first proof of reserves (POR) audit report for…
Kraken reduces employees by 30% to “weather crypto winter”
Kraken is the latest cryptocurrency company to announce layoffs. A Co-founder and CEO Jesse Powell said in a blog post, "We are decreasing our worldwide workforce…
Sam Bankman-Fried takes his first audio interview after the FTX crash
Former CEO Sam Bankman-Fried (SBF) denied any wrongdoing in his first interview after the collapse of the FTX cryptocurrency exchange.In an interview with…
Kraken’s Jesse Powell Declares He Will Point Out Crypto Issues
Jesse Powell, founder and former CEO of Kraken, says he intends to highlight flaws in the cryptocurrency market, beginning with the issue of exchanges revealing…
Ethereum node project Akula stops operations in response to Paradigm’s rivalry
The creators of Akula, an Ethereum client implementation have chosen to abandon the project because they are unable to compete with Reth, a newly-announced…
Cardano unveils developer-friendly Plutus DApp platform
The creator of the ADA has declared the release of a new resource area for Plutus DApp developers, following in the footsteps of Input Output Global (IOG) and their…
SHIB Metaverse Establishes New Milestone Prior to Global Summit Debut
Marcie Jastrow, SHIB's metaverse adviser will represent the organization at the Immerse Global Summit in Miami, Florida, from December 5 to December 7, 2022,…