Tag: Report

How to Understand a Stablecoin Attestation Report (Step-by-Step Guide)

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Key takeaways Stablecoin attestation reports provide third-party verification that each token is backed by real-world assets like cash and US Treasurys. Attestation ≠ audit: Attestations are point-in-time checks, not deep financial audits, so users should still perform broader due diligence. Not all tokens are redeemable. Time-locked, test or frozen tokens are excluded from reserve calculations to reflect only actively circulating coins. USDC sets an industry benchmark with regular third-party attestations, transparent reserve reporting and compliance with MiCA regulations. Stablecoins play a crucial role in the digital asset ecosystem, bridging traditional…

Binance has most Bitcoin liquidity, But Bitget leads with altcoins: Report

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A report by CoinGecko compared major exchanges on the liquidity they offer to traders across several major crypto assets. Binance continues to dominate among crypto exchanges, especially when it comes to Bitcoin (BTC) trading. However, a report by CoinGecko, published on June 25, suggests that smaller exchanges can compete with Binance in the altcoin market. Specifically, Bitget (BGB) exchange leads in the key mid-spread band for altcoins, which is where most real trading occurs. CoinGecko’s report shows that Binance remains unchallenged in terms of Bitcoin liquidity. Binance controlled around 32%…

Kalshi Raises $185M at $2B Valuation: Report

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Kalshi, a prediction market and competitor to Polymarket, has reportedly closed a $185 million funding round that values the company at $2 billion, indicating growing investor appetite for the emerging sector. The round was led by crypto investment company Paradigm, with participation from venture capital companies Sequoia Capital, Multicoin Capital and other investors, The Wall Street Journal reported on Wednesday. CEO and co-founder Tarek Mansour said the funding will be used to expand Kalshi’s technology team and integrate its prediction contracts into more brokerage platforms. Currently, Kalshi contracts are available…

Trump Administration Mulls ‘Debanking’ Executive Order: Report

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US President Donald Trump’s administration is reportedly considering an executive order aimed at preventing banks from cutting off services to politically unfavorable industries, including cryptocurrency firms, according to a report from The Wall Street Journal, citing unnamed sources. The move would come in response to allegations that some banks have denied services to tech and crypto entrepreneurs as part of a coordinated debanking campaign critics have dubbed “Operation Chokepoint 2.0.” At least 30 technology and cryptocurrency founders were reportedly denied access to banking services during the Biden administration. Trump administration…

Reddit Is Weighing World’s Scanning Orbs For User Verification: Report

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Social media platform Reddit is reportedly considering using the iris-scanning orbs developed by World — a project by Tools for Humanity, co-founded by OpenAI CEO Sam Altman — for its user verification system. According to a Friday Semafor report citing two people familiar with the matter, the platform is weighing the World ID system as a way for Redditors to verify that they are unique individuals. The report suggested that the verification system could still allow users to remain anonymous if they chose to do so. In response to the…

Norway to Temporarily Ban Bitcoin Mining: Report

Key Notes Norway will temporarily ban the establishment of new data centres that mine cryptocurrency. The authorities think this operation does not generate jobs or contribute to income for the local community. Cambridge reports that half of Bitcoin mining is powered by low-carbon or renewable energy sources. . Norway is considering a temporary ban on Bitcoin BTC $105 550 24h volatility: 1.0% Market cap: $2.10 T Vol. 24h: $23.08 B mining operations in its region. The authorities are concerned about the massive use of electricity and its impact on…

South Korea Central Bank Won’t Oppose Stablecoin: Report

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The head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but is still concerned about managing the foreign exchange of the token. Reuters reported on Wednesday that Bank of Korea Governor Rhee Chang-yong said at a press conference that “issuing won-based stablecoin could make it easier to exchange them with dollar stablecoin rather than working to reduce use of dollar stablecoin.” That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex,” he…

Only 30% Of Russian Crypto Miners Report To Tax Authority

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Russia’s cryptocurrency laws have not convinced most mining businesses to register with authorities, as only 30% of the miners have entered the Federal Tax Service Register since late 2024. The Russian government began enforcing two crypto mining-related bills in October and November 2024, introducing legal definitions and registration requirements for mining businesses. Still, 70% of the miners remain underground, Finance Ministry official Ivan Chebeskov said, according to a report by local news agency TASS on Thursday. “When introducing mining regulations, our general approach was to bring this industry out of…

Spanish bank BBVA advises wealthy clients to invest in Bitcoin: report

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Spanish banking giant BBVA is reportedly advising its wealthiest clients to buy Bitcoin, just months after announcing plans to offer cryptocurrency trading to its customers. According to a report by Reuters, BBVA has advised its top money clients to have 3% to 7% of their portfolio allocated to Bitcoin (BTC) and cryptocurrencies.  The suggested allocation depends on an investor’s risk appetite, said Philippe Meyer, Head of Digital & Blockchain Solutions at BBVA Switzerland. Speaking at the DigiAssets conference in London, Meyer revealed that the bank has been advising its private…

Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News

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Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News You need to enable JavaScript to run this app. Original