Tag Archives: AA News

Leading stablecoin issuer Tether has hired accounting firm BDO Italia to replace Cayman Islands firm MHA Cayman in overseeing its attestation reports for USDT reserves.  The USDT issuer said it plans to release its attestation reports every month, replacing the previous quarterly reporting arrangement.  Tether Hires Major European Auditor Founded in 1965, BDO Italia is an Italian financing advisory and accounting auditing firm, the world’s fifth largest public accounting...

While Ripple execs claim that the company has been unfairly treated by the SEC, Ethereum frontman Vitalik Buterin hasn’t been exactly silent either. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.” The latest feud also started with a discussion of new regulatory changes in Canada with Ontario-based crypto exchanges – Bitbuy and Newton – imposing a 30,000 CAD annual “buy limit” for “restricted coins” for their users to...

Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol.  If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the centralization of staked ETH. According to Dune Analytics, 66% of ETH staked on the beacon chain is held by entities that are regulated...

Bored Ape Yacht Club saw a considerable increase in its overall sales volume and the number of traders for the past 24 hours. This happens as Bored Ape #5383 was sold for 777 ETH, worth some $1.45 million at the time of this writing. Bored Ape Yacht Club is arguably the most popular collection of non-fungible tokens and surely the one with the highest floor price. At the time of writing this article, the floor price sits at 72 ETH. Data from DappRadar shows that over the past...

Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significantly. NYDIG is a leading bitcoin firm that helps miners finance mining equipment and power infrastructure. The mining company also intends to restructure a convertible note for cash after receiving a binding commitment letter from private credit investment manager WhiteHawk Capital...

The shutdown of Tornado Cash by the US Treasury Department on August 8 has made Kraken CEO Josse Powell question the constitutionality of the decision. In an interview with Bloomberg TV on Tuesday, Powell doubted if the Treasury’s move will withstand judicial scrutiny. Tornado Cash allows users to conceal sources and destinations of funds by mixing several users’ coins before sending them to their destination addresses. Powell argued that banning Tornado Cash because it is...

Digital asset manager Monochrome has received regulatory approval from the Australian securities watchdog to offer spot crypto exchange-traded funds (ETFs). According to an official announcement, Monochrome is one of the first asset management firms to secure an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs. Monochrome Bitcoin ETF The firm noted that the products, dubbed the Monochrome...

In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles.  The Theory of Reflexivity In an article titled “ETH-flexive,” Hayes centers his bullish thesis around George Soros’s “theory of reflexivity.” The theory...

Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly names. The not-for-profit naming system is powered by the Ethereum blockchain,...

The CEO of institutional crypto brokerage firm Genesis Global Trading, Michael Moro, will step down from his leadership position while the company is planning to cut off 20% of its workforce. According to Bloomberg, on Wednesday (August 17, 2022), Genesis announced that Maro will leave his position as CEO, in line with the company’s leadership shuffle. In the meantime, Derar Islim, chief operating officer, will take over as interim CEO, pending a permanent replacement....