Mazars, a consultancy service provider behind Binance’s PoR, stopped working with crypto clients. BNB reacted with a drop of almost 7%. At press time, Binance Coin (BNB), a native token of Binance, sl...
Tag: firms
Key financial regulators call for stronger licensing of crypto firms
Several key financial regulators in the U.S. cited issues with cryptocurrency firms and called for stricter licensing at a Friday meeting of the Financial Stability Oversight Council, a committee of U...
Major accounting firms are steering clear of crypto audits
The collapse of Bahamas-based FTX triggered a sense of distrust for centralized exchanges in the crypto industry. This was followed by increasing demands for transparency regarding the assets, liabili...
Audits firms Armanino, Mazars ditch crypto clients in wake of pushback
Audit firms Armanino and Mazars are set to drop their crypto clients following controversies and community pushback. Armanino, Mazars jump ship Auditors Armanino and Mazars count several high-profile ...
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web – Bitcoin News
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducti...
Binance Auditor Mazars Suspends Services For Crypto Firms
Crypto exchange Binance on Friday said its auditor Mazars has suspended services for cryptocurrency firms including crypto exchanges, reported Bloomberg. According to a Binance spokesperson, France-ba...
Crypto Firms In France To Operate With Licenses
In the aftermath of the FTX collapse, regulators across the world are looking to tighten crypto regulations. This time, a french senate member has expressed the need for crypto licensing. Senator Herv...
Incoming FCA Chair Thinks Crypto Firms Like FTX are Deliberately Evasive
“We expect all authorized and registered firms to have appropriate systems and controls to counter the risk of being misused for financial crime. We have seen too many financial crime red flags missed...
PCAOB Announcement – Complete Access To Inspect And Investigate Chinese Firms
China Last Night KraneShares Key News In big breaking news, the PCAOB announced that it has secured complete access to inspect and investigate Chinese firms for the first time in history. This could b...
Incoming FCA Chair Ashley Alder says crypto firms facilitate money laundering
Ashley Alder, who is set to lead the U.K’s Financial Conduct Authority (FCA), said his administration would take a strict stance toward crypto firms. According to the Financial Times, Alderr said that...
Goldman Sachs Plans To Splash Millions Of Dollars Into Crypto Firms After FTX Implosion ⋆ ZyCrypto
Advertisement     Goldman Sachs plans to splash “tens of millions of dollars” on investments or buyouts in crypto firms after the FTX collapse hit last month and suppr...
New FTX chief describes the firm’s collapse in bankruptcy testimony
Recently appointed chief exec of crypto exchange FTX, John J. Ray III, provided new insight into the firm’s collapse in prepared testimony on Tuesday. At a US House Financial Services hearing on the s...
Six crypto staking firms detail how they’re faring in the current market
Layoffs at crypto firms have grabbed the headlines in the aftermath of FTX’s collapse, but it’s not all grim news in the sector. None of the staking firms the The Block spoke to reported dismissals, a...
FTX Founder Blames ‘Bad Legal Advice’ For Crypto Firm’s Bankruptcy
Topline Sam Bankman-Fried insinuated law firms looking for a massive payday contributed to cryptocurrency exchange FTX’s decision to file for bankruptcy last month, during a Monday morning interview w...
FTX CEO Ray details firm’s lack of controls, sophistication under SBF in testimony to Congress
FTX CEO John Ray refuted Sam Bankman-Fried’s contention that FTX US has enough segregated funds on hand to re-open user withdrawals. The CEO laid out the core structural flaws that led to ...
SEC calls on firms to disclose exposure to crypto bankruptcies and risks
The United States Securities and Exchange Commission (SEC) has issued new guidance that could see publicly traded companies disclose their exposure to crypto assets. In a statement released on Dec. 8,...
SEC Unveils New Guidelines For Firms Linked With Crypto Sector
26 seconds ago | 2 mins read Bitcoin News The letter requested that businesses report any “reputational harm” they may have suffered. The announcement comes when many companies have been facing signif...
SEC Urges Firms to Disclose Crypto Exposure in New Letter
The Securities and Exchange Commission (SEC) has unveiled new guidelines for companies making financial disclosures, which call on them to provide a more detailed record of their exposure to the crypt...
US lawmakers question federal regulators on banks’ ties to crypto firms
Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse. ...
How do crypto hardware wallet firms make money?
The hardware wallet industry has emerged as one of the most resilient sectors to the ongoing cryptocurrency winter, with issues like the FTX crash bringing in even more cold wallet sales. The bear mar...
SEC wants firms to disclose if they have crypto exposure
The U.S. Securities and Exchange Commission wants companies to publicly disclose if they have exposure to crypto assets, including whether they do business with any crypto-related companies. Th...
FTX’s Odd Relationship With Vertical Farming Firms — A Look at Exchange Boss Ryan Salame’s and Bahamian PM Philip Davis’ Trip to 80 Acres – Bitcoin News
After discovering that ten holding firms associated with FTX Digital and Alameda Research invested roughly $5.4 billion into nearly 500 firms and projects, people have been curious about a few specifi...
EU crypto taxation proposal will target firms all over the world
Companies offering crypto services to residents of the European Union will need to comply with tax reporting rules to close tax evasion gaps. A new proposal from the European Commission will req...
Senator Warren’s Bill Imposes New Obligations on Crypto Firms
22 mins ago | 2 mins read Editors News Senator Elizabeth Warren, a crypto skeptic, is working on a crypto bill. The bill’s aims include taxation, regulation, national security, and climate. According ...
Crypto Firms Liable of Investigation For Misleading Advertisement
Crypto.com is under special surveillance. Nowadays, it is seen that the craze of advertisement in the crypto sector is becoming quite popular, and crypto firms are continuously investing thousands of ...
Crypto firms under probe by U.S. consumer watchdog for deceptive ads
The United States’ Federal Trade Commission (FTC) is probing several crypto firms for potentially fraudulent or misleading advertising. According to FTC spokesperson Juliana Gruenwald, the agency is l...
US FTC investigating crypto firms over misleading ads
The US Federal Trade Commission (FTC) is investigating several crypto firms it alleges that their advertisements were deceptive or misleading. According to the agency’s public statement on Monday, its...
Goldman Sachs to spend tens of millions on devalued crypto firms, details inside
Global investment bank Goldman Sachs plans to spend tens of millions of dollars on those crypto firms whose valuations were slashed following the collapse of crypto exchange FTX, as per a Reuters repo...
Goldman Sachs reportedly looking to buy crypto firms after FTX collapse
As crypto company valuations are affected by the recent FTX debacle, financial services firm Goldman Sachs is looking to swoop in and invest millions to purchase or invest in crypto firms while the pr...