BDO – DIGIT INFO

Tether Posts $5.2 Billion Profit in First Half of 2024

DIGIT — Wed, 31 Jul 2024 17:30:22 +0000

Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer […]

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Tether has $1.5B in Bitcoin reserves: BDO Italia

DIGIT — Wed, 10 May 2023 20:30:00 +0000

The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

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Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges

DIGIT — Fri, 23 Dec 2022 20:30:39 +0000

According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC […]

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