by COINS NEWS - 11 months ago
So today Texas senate passed a bill called Texas House Bill 1666 where amongst other things it says it require crypto exchanges to have enough necessary reserves. As it says in the bill, crypto exchanges are required to hold reserves in an amount suf...
Bitcoin News / Google News Bitcoin - 11 months ago
Tether to Buy More Bitcoin for Stablecoin Reserves& & The Wall Street JournalTether buys bitcoin with a portion of its net profit to back USDT stablecoin& & CNBCTether to buy Bitcoin based on monthly net profits& & Cointelegraph
Cryptocoins News / The Cointelegraph - 11 months ago
The world’s second-largest stablecoin issuer wants to reduce its exposure to potential United States debt defaults. Stablecoin issuer Circle has reportedly adjusted i...
Cryptocoins News / The Cointelegraph - 11 months ago
The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals. BDO Italia's latest attestation report for Tet...
by COINS NEWS - 11 months ago
There is a hidden risk for crypto if the US defaults: 65% of their reserves are in US treasury bills. link to their report Of course, the US won't default and they will pay their bills, but still an interesting risk for crypto. Also, Tether made...
Bitcoin News / Bitcoin.com - 11 months ago
Liechtenstein’s prime minister has reportedly revealed that bitcoin payments will be accepted for some government services. “A payment option with bitcoin is coming,” he said, adding that he is open to investing state res...
Bitcoin News / Bitcoin.com - 11 months ago
Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to the...
Bitcoin News / Bitcoin.com - 1 year ago
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be small and symbolic in the beginning, these will supposedly...
by COINS NEWS - 1 year ago
This Wednesday afternoon (3) an unknown address on the Tron Network burned 405 million TUSD after transactions originated from two known addresses: “Binance Hot Wallet” and “Black Hole Address”. https://preview.redd.it/ol17arq6vnxa1.png?width=1...
Bitcoin News / Bitcoin.com - 1 year ago
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves...
Bitcoin News / Google News Bitcoin - 1 year ago
Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a 'Toxic' Currency ...& & Bitcoin News
Bitcoin News / Bitcoin.com - 1 year ago
The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. agains...
Cryptocoins News / The Cointelegraph - 1 year ago
Digital asset providers would be restricted from comingling customer funds with any other type of operational capital. The Texas House of Representatives approved a bi...
Cryptocoins News / The Cointelegraph - 1 year ago
Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis....
Bitcoin News / Bitcoinist - 1 year ago
The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter.
Tether Chief Technology officer Paolo Ardoino disclosed that it expects an es...
Cryptocoins News / The Cointelegraph - 1 year ago
Tether chief technology officer Paolo Ardoino believes USDT is becoming the “safest asset to hold in the world” amid the banking crisis. Cryptocurrency firm Tether — t...