One of the “Big Four” accounting firms will oversee the audit Tether has confirmed plans to move forward with a full independent audit of its reserve holdings, marking a major step after years of scrutiny. The company said it has chosen a “Big Four” accounting firm to carry out the review, though it has not
The focus now shifts to whether a leaner approach can stabilize operations and restore confidence Balancer Labs is preparing to shut down following ongoing financial strain tied to a major security breach last year. The decision comes months after a hack that resulted in losses of roughly $116 million, which continues to impact the project’s
The previous 25,000-contract limit on these digital asset options has been removed The New York Stock Exchange has officially updated its rules to benefit investors trading Bitcoin and Ether ETFs. Two major exchanges under the NYSE umbrella, NYSE Arca and NYSE American, removed the previous 25,000-contract limit on these digital asset options. The Securities and
Around 72% of those polled feel that digital assets are now a requirement in finance A recent survey from Ripple shows that a large majority of global finance leaders now view digital assets as a requirement for staying competitive. About 72% of the 1,000 professionals polled believe that companies must offer these solutions to keep
Canada is increasing efforts to reduce the risks of money tied to digital currencies Canada has intensified its oversight of cryptocurrency businesses, with the country’s financial intelligence unit revoking licenses of 47 crypto-related money services businesses (MSBs) this year. These actions are part of broader efforts to reduce risks of money laundering and financial fraud
The company’s continued weak performance has regulators concerned Connecticut regulators have temporarily halted operations of Bitcoin Depot, a major US cryptocurrency ATM provider, citing multiple alleged violations of state law. The Connecticut Banking Commissioner, through the Consumer Credit Division, issued a cease-and-desist order on March 9, suspending the company’s money transmission license. The action highlights
The change in the two-year-old case comes as the agency re-evaluates the evidence The US Securities and Exchange Commission (SEC) has moved to dismiss its case against Nader Al-Naji, ending a legal dispute that lasted about two years. The request was filed in the US District Court for the Southern District of New York and
The lawmakers believe only they can ensure transparency during the investigation A group of Democratic senators is pressing for oversight of a reported Justice Department investigation into alleged sanctions violations by Binance. Senators Chris Van Hollen, Elizabeth Warren, and Ruben Gallego said they want to ensure the DOJ conducts a thorough inquiry and holds the
Gregory transitioned into his new role on March 9, replacing former CEO Norman Reed Binance.US has appointed Stephen Gregory as its new CEO, marking a leadership shift as the exchange aims to strengthen its presence in the US. Gregory officially took over on March 9, with former CEO Norman Reed moving into an advisory role.
The civil forfeiture focuses on fraud conducts across several states US federal prosecutors are seeking to permanently seize roughly $3.44 million in USDt connected to an alleged cryptocurrency investment scam. The civil forfeiture action was filed in Boston, targeting funds that authorities say were obtained through deceptive tactics across multiple states. Officials claim the assets
The Bank Policy Institute believes crypto poses a risk to the financial system The Bank Policy Institute (BPI), a US trade group representing major banks, is reportedly considering legal action against the Office of the Comptroller of the Currency (OCC) over its crypto policies. BPI officials are concerned that granting crypto firms national trust bank
The collaboration reflects growing interest in combining traditional equities with blockchain technology Nasdaq is entering the tokenized equities space through a partnership with crypto exchange Kraken and its subsidiary Backed. The collaboration aims to create a bridge between traditional market infrastructure and blockchain-based networks while maintaining issuer control over their securities. The partnership builds on
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