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Circle reassured the USDC holders and the general public that it remained committed to transparency. USDC issuer, Circle, has announced that it will be audited by Deloitte in the future instead of Grant Thornton. According to the firm, its last audit covers 2019,2020, and 2021 and has been filed publicly with the Securities and Exchange Commission (SEC). The statement formed part of the state of the USDC economy report, which it released on Tuesday. Deloitte May Be the First Since the collapse of FTX, there has been an increased call…
The SEC has reportedly violated its own privacy act while disclosing information of miners on the Green blockchain network. During their recent investigation, the United States Securities and Exchange Commission (SEC) reportedly leaked the names and email addresses of all the crypto miners connected to the blockchain firm Green. On Tuesday, January 17, the Washington Examiner reported that the SEC unintentionally included 650 names and email addresses of miners during its email communication with Green. As a result, it left the blockchain’s nodes vulnerable to hacks. Since then, the securities…
While not on a massive scale yet, 2023 saw crypto take more steps into mass adoption. The past year has been a massive year for cryptocurrencies once again. There have been several highs and huge breakthroughs, as well as a few lows. However, 2023 can be seen as a year in which crypto took another step forward. Whether you want to trade cryptocurrency, invest, or simply want a new way to buy and use services and products, some of these developments are set to transform the world of crypto in…
The final vote on European Union’s much-awaited crypto regulations called Markets in Crypto Assets regulation (MiCA) was deferred to April 2023. This marks the second delay in the final vote, earlier deferred from November 2022 to February. The latest delay is attributed to a technical issue where the official 400-page document couldn’t be translated into the 24 official languages of the EU, reported The Block. Legal documents like the MiCA, which were drafted in English, must comply with EU regulations and be published in all 24 official languages of the…
While existing users Casper Network and GameSwift have been enjoying unique offerings from their individual ecosystems, the partnership of both networks will offer additional value that will greatly improve their gaming experience. GameSwift, a Web3.0 gaming ecosystem and infrastructure service provider has announced it has entered into a strategic partnership with Layer-1 blockchain protocol, Casper Network. According to a Press Release shared with Coinspeaker, the partnership is mutually beneficial and will bring a whole new opportunity to users in both communities. GameSwift has been awarded a grant by the Casper…
Customers have until Feb. 16 to withdraw their fiat and crypto holdings from the exchange. Source
In 1992, economist Robert Shiller proposed a cash-settled futures market called perpetual futures that don’t expire and don’t provide delivery or coverage of the traded asset in order to lower the cost of rolling over or directly holding cryptocurrency contracts. However, such contracts are active only in cryptocurrency markets. In order to gain exposure to an underlying asset or index, a trader can own a perpetual futures contract indefinitely. Since the contracts wouldn’t have a predetermined maturity date, this strategy allows for the creation of futures markets for illiquid assets.…
The company’s stock has increased more than 30% since the year started and has grown 36.52% over the past month. Online game company Roblox Corporation (NYSE: RBLX) saw its shares jump following the release of its December 2022 metrics report. The company’s shares closed up 11.77% on Tuesday on news that its bookings for the year grew. According to the December 2022 key metrics, Roblox estimated bookings were between $430 million and $439 million, resulting in a 17% gain in the month. Notably, bookings is what the online game platform…
Alongside its counterpart in other developed countries, the UK BoE has been hiking interest rates as its major tool to fight headline inflation. Inflation in the United Kingdom (UK) has fallen to 10.5% in December according to data from the British Office for National Statistics (ONS). The core Consumer Price Index (CPI) dropped from the 10.7% it was in November and down from the massive 11.1% inflation growth recorded in October, the highest seen in about 41 years. The UK as well as other countries recorded similar inflation gains as…