Tag: Firm

Tether reserve attestations to be conducted by major European accounting firm

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In a step toward greater transparency and better alignment with international accounting standards, stablecoin operator Tether Holdings Limited has tapped BDO Italia to conduct regular reviews and attestations of its dollar reserves.  Tether, which operates the USDT stablecoin, officially began working with BDO Italia in July, the company disclosed on Thursday. BDO Italia will be responsible for conducting an independent review of Tether’s stablecoin reserves to ensure that each unit of USDT is backed by cash or cash equivalents. Through BDO’s reviews, Tether aims to release public attestation reports monthly…

Crypto Investment Firm CoinFund Launches $300M Web3 Fund

The CoinFund Ventures I fund will invest in companies showing commercial traction that also belong to a crypto sector with a large total addressable market, said David Pakman, CoinFund managing partner and venture investing head, in an interview with CoinDesk. Areas of interest include layer 1 blockchains, Web3 infrastructure, non-fungible tokens (NFTs), gaming and asset management. Source

Bitcoin price sees firm rejection at $24.5K as traders doubt strength

Bitcoin (BTC) returned to range resistance on Aug. 17 amid ongoing concerns that a retracement is imminen. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No success for Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $24,448 on Bitstamp, up 3.25% from the previous day’s low before diving $600 in under an hour. Momentum gained speed on the day, but bulls faced familiar resistance at levels keeping them broadly in check since mid-June. The past week’s trips to $25,000 and beyond remained brief breakouts beyond a two-month…

Brazillian Brokerage Firm Introduces Trading For Crypto Assets Amid Bear Market

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With the gradual crypto market recovery, many players are regaining their confidence in the sector. As a result, more and more support for crypto and its products is already resuming after the terrible crypto winter. For instance, another brokerage giant in Brazil has just launched support for BTC and ETH trading on its platform. The brokerage firm XP Inc. already boasts 3.6 million users. Adding a platform where anyone can trade crypto named XTAGE is already exposing these users to the digital space. This is, of course, a way forward…

Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing – Bitcoin News

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Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021. Galaxy Ends Deal With the Crypto Custodian Bitgo On Monday, Galaxy Digital Holdings (TSX: GLXY) explained that the company has terminated a proposed $1.2 billion stock and cash deal that would allow the crypto firm to acquire the digital asset custody business and financial…