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Audit of Binance’s Proof-of-Reserves Indicates That Assets Are Overcollateralized

Michael Dec 10, 2022
Mazars' proof of reserves study indicates that Binance has sufficient assets to cover client withdrawals. The first proof of reserves (POR) audit report for…

Australian CBDC’s unexpected involvement could hurt banks

Jeet Adhvaryu Dec 10, 2022
The Reserve Bank of Australia is unusual in that it has not offered use cases for the experimental eAUD program, although it has received several recommendations…

Pro-Crypto Legislator Holds Gary Gensler Responsible for FTX Collapse

Jeet Adhvaryu Dec 10, 2022
Representative Ritchie Torres, a Democrat, has requested that the Government Accountability Office (GAO) examine whether the Securities and Exchange Commission and…

Nigeria encourage CBDCs by capping weekly ATM cash withdrawals at $225 a week

Jeet Adhvaryu Dec 9, 2022
To advance its "cash-less Nigeria" strategy and to encourage the use of the eNaira, Nigeria's Central Bank's Digital Currency, the nation has severely restricted…

‘Rich Dad’ Robert Kiyosaki identifies threats to the world economy

Jeet Adhvaryu Dec 9, 2022
Robert Kiyosaki, author of the personal finance book "Rich Dad Poor Dad," has highlighted variables that are likely to contribute to a future economic collapse.…

Iran will suspend hijab-refusing women’s financial accounts

Jeet Adhvaryu Dec 9, 2022
Iran's intention to block bank accounts highlights the necessity for decentralized currencies to coexist alongside cash and CBDCs. A member of the Iranian…

Tether Gold and Euro Tether Launching on December 8th

Jeet Adhvaryu Dec 8, 2022
According to Huobi Global, clients will soon have access to Tether Gold and Euro Tether stablecoins, which reflect ownership of assets. According to sources,…

Nexo will leave the United States after discussions with regulators reached a stalemate

Jeet Adhvaryu Dec 8, 2022
Nexo, a prominent cryptocurrency lender, will leave the United States over the next few months since the firm was unable to strike an agreement with local…

SushiSwap offers to shift 100% of xSUSHI income to the treasury wallet

Jeet Adhvaryu Dec 8, 2022
Decentralized trade SushiSwap is debating a new proposal to divert all fees paid to xSushi holders for one year into its treasury wallet to finance its operations. …

Elon Musk argues that adding crypto to Twitter is a “no-brainer” as rumours of…

Jeet Adhvaryu Dec 7, 2022
The introduction of cryptocurrency payments would be a logical match for Twitter, according to Elon Musk, the company's new CEO. Musk discusses the integration…
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