Tether’s reserves are fully backed, according to latest assurance opinion
“The group’s consolidated assets exceed its consolidated liabilities,” Moore Cayman wrote of Tether Holdings Limited. Go to Source Powered by WPeMatico
Cryptocurrencies
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South Korea reportedly set to approve cryptocurrency-focused fund
Regulators in South Korea are reportedly set to give the green light for the country’s first crypto-related investment fund. Go to Source Powered by WPeMatico
PayPal crypto partner Paxos raises $300M
The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group. Go to Source Powered by WPeMatico
Fantom surges 52% following network upgrade
Dubbed “Go-Opera,” the latest upgrade to Fantom introduces a range of technical changes. Go to Source Powered by WPeMatico
Ripple wants go public after settling SEC lawsuit, SBI CEO says
The largest outside-Ripple shareholder believes that the XRP-related firm will go public shortly after settling its lawsuit with the SEC. Go to Source Powered by WPeMatico
County in New Jersey makes 250% profit from crypto seized in 2018
County authorities captured the cryptocurrency during a 2018 drug bust in Long Branch. Go to Source Powered by WPeMatico
Top Korean crypto exchanges reopen brick-and-mortar customer centers
Both Coinone and Bithumb have reopened their customer centers in the capital city in response to a surge in domestic interest in cryptocurrencies. Go to Source Powered by WPeMatico
Beijing investigates crypto mining farms to improve energy efficiency
Bitcoin’s electricity bill has been attracting the attention of regulators worldwide. Go to Source Powered by WPeMatico
Ethereum’s market cap exceeds that of platinum for the first time
With ETH charting new all-time highs, its cumulative market value has exceeded that of mined platinum. Go to Source Powered by WPeMatico
QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity
Low fees and high yield opportunities briefly pushed QuickSwap price above the $1,000 mark as the Polygon-based layer-2 solution sees adoption from new blockchain projects. Go to Source Powered by WPeMatico