Tag: Report

Tether’s assets exceed liabilities in new reserves report by BDO

boss

Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO. The stablecoin firm released BDO’s assurance opinion on Feb. 9, which re-affirms the accuracy of Tether’s consolidated reserves report (CRR) as of Dec. 31, 2022. The CRR shows that Tether’s consolidated assets amount to at least $67 billion, exceeding consolidated liabilities of $66 billion, with excess reserves equaling at least $960 million. In addition to reducing its secured loans as committed, the report also shows Tether ended 2022 with zero…

Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report – Exchanges Bitcoin News

boss

Russian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may face extradition to France. Another Co-Founder of the Russia-Linked Bitzlato Exchange Apprehended in Moscow Anton Shkurenko, co-founder of the recently busted digital asset exchange Bitzlato, has been arrested in Moscow, the Russian Telegram channel Baza reported. According to a post published on Tuesday, the crypto entrepreneur was wanted by French investigators who suspect him of extortion,…

Crypto exchange Kraken faces probe over possible securities violations: Report

boss

Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission (SEC) over whether it breached rules around the offering of securities.  According to a Feb. 8 Bloomberg report, the probe relates to certain offerings that Kraken has made to U.S. clients. A person with knowledge of the matter said the probe is at an advanced stage and could reach a settlement in the coming days. However, at this stage, it is not clear which offerings are being scrutinized by the securities regulator. When asked about…

Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report

boss

Deutsche Bank’s asset management arm is in discussions to invest in two German crypto companies, according to people familiar with the matter. Per a Bloomberg report on Feb. 8, DWS Group CEO Stefan Hoops is currently in talks to buy a minority stake in Deutsche Digital Assets, a crypto exchange-traded products provider. It’s also in talks with Tradias, a market maker firm owned by Bankhaus Scheich — a traditional finance market maker. Hoops has been bullish about the opportunities presented in the digital assets space. During a recent earnings call, the executive…

Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023 – Altcoins Bitcoin News

boss

Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today. However, while crypto assets such as bitcoin and ethereum saw gains of 30% or more in 30 days, privacy tokens like monero and zcash saw more modest increases, with growth ranging from 8.7% to 10.6% in the last month. Top Privacy Coins See Slow Growth as Market Capitalization Increases by a Mere $2 Billion in 90 Days…

Ethereum gas price spikes 29% in January as user activity grows: Report

boss

Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice, the long-awaited price corrections had a significant reaction, showcased through on-chain activities on the Ethereum blockchain. According to a data report from Analytex, Ethereum’s average gas price — calculated in terms of the smallest Ether (ETH) denomination, gwei — increased by 29.27% in January 2023. The report compares gas prices from January to December 2022, noting an increase in user activity as a key indicator for the rise in average gas price…

DCG offloads Grayscale shares to raise capital: Report

boss

Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity. According to a Feb. 7 Financial Times report citing seen United States securities filings, DCG sold around a quarter of its shares in Grayscale’s Ether (ETH)-based fund for around $8 per share, despite each share holding a claim to nearly double that amount in ETH. The market price per share (gray) vs holdings per share (green) of the Grayscale…

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils – Bitcoin News

boss

The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state. Cybercrime Groups Linked to North Korea Get Hold of Crypto Worth Over $1 Billion in a Year North Korea has stolen more crypto assets in 2022 than in any other year, according to a United Nations report which is to be released…

Bitcoin BTC Favored Over Ether ETH by CME Traders in 2023 So Far , Arcane Research Report Shows

Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CoinDesk that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard fork, which will allow validators who help operate the network to withdraw 16 million staked ETH, “is expected to add selling pressure.” Source

Bitcoin On-Chain Metrics Look Bullish, Bitfinex Report Highlights

“This implies that larger and longer-term investors currently hold profitable on-paper spot positions,” Bitfinex analysts wrote in a report. “This trend is healthy for the latter half of a bear market as a sustained 30-day uptrend after an extensive downtrend on this indicator has historically provided a good buy signal for the following two years,” the report added. Source