There are $535 million in $BTC, $ETH, $VET, and stablecoins in VeChain’s vaults. VeChain has expanded its network to include UCO Network and TruTrace. The second quarter financial report for 2022 has ...
Tag: Reserves
VeChain Holds $535 Million Reserves In Bitcoin, Ethereum, VET, And Stablecoins
– Advertisement – VeChain asserts that it has a strong balance sheet. Leading enterprise blockchain VeChain shared its Q2 financial report on Friday as part of its commitment to transpar...
Bitcoin may witness a short-term bounce that has everything to do with reserves
Bitcoin [BTC] has been attempting mid-week bounces for the last few weeks to break free of the ongoing bearish grip. The latest observations in the market suggest that a similar outcome might occur th...
Here’s Why Luna Foundation Gaurd (LFG) Might Not Be Honest About Their Bitcoin Reserves!
Recently, the Luna Foundation Guard’s Bitcoin holdings have drawn a lot of attention from the crypto community. Previously, it was assumed that Do-Kwon, the founder, transferred more than 3000 BTC, wh...
Stablecoin Reserves Must Be “Publicly Transparent”: Jerome Powell
Key Takeaways Federal Reserve Chair Jerome Powell has weighed in on stablecoin regulation. Speaking at the Opportunities and Challenges of the Tokenisation of Finance conference, Powell called for new...
The Most Recent Inflation Trend Matters The Most
Stones in calm water with evening sun getty On Wednesday, the Fed officially raised its rate target by three quarters of a percentage point, increasing the rate it pays on reserve balances to 3.15 per...
CBK Believes Converting Kenya’s Reserves to Bitcoin Is Craziness
18 seconds ago | 2 mins read Bitcoin News Studies have indicated that Kenyans are increasingly using or investing in cryptocurrency. In a recent YouTube video, Njoroge questions the benefits of crypt...
ETH Merge Forks, Quantum Computing, Biden Draining Oil Reserves, DOJ Targets Criminal Crypto Use — Week in Review – The Weekly Bitcoin News
With the Ethereum Merge event now successfully completed, new proof-of-work (PoW) forks have emerged to vie for miner acceptance. This, as the United States government, has warned that the post-quantu...
Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin – Africa Bitcoin News
The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to t...
Will price manipulation lawsuit expose Tether’s reserves?
Listen to this article. In the ongoing class action lawsuit against Bitfinex and Tether for alleged cryptocurrency price manipulation, the court has ordered that both companies produce financial docum...
Kenya’s central bank governor admits pressure to convert country’s reserves into Bitcoin
Kenya’s central bank governor Patrick Njoroge has admitted to receiving external pressure from crypto proponents to convert the country’s reserves into Bitcoin (BTC). According to Njoroge, the idea c...
DOGE Reserves Its Spot as the Second PoW Crypto
Dogecoin became the second-largest cryptocurrency that uses the PoW consensus. DOGE has overtaken DOT and reclaimed the tenth position in the ranking. Dogecoin traded at $0.057177 with a trading vol...
Russia Has No Reserves Left As Ukrainian Troops Surround A Key Eastern Town
Russian army vehicles stranded in the Oskil River. Ukrainian army photo May 27 was a dark day for Ukraine. That was the day Lyman, the last free town north of the Donets River in eastern Ukraine’s Don...
Old Mutual Wealth to Handle Cash Reserves of Rand-Backed Stablecoin ZARP
Financial Services Giant Old Mutual Wealth is appointed to control the reserved notes that back ZARP, the crypto stablecoin pinned to the worth of the South African Rand. The appointment of Old Mutual...
Old Mutual Wealth appointed to manage cash reserves of rand-backed stablecoin ZARP
ZARP appointed South African financial services group Old Mutual Wealth to manage the cash reserves of its stablecoin, which is pegged to the price of the South African rand(ZAR), in hopes of enhancin...
Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves – Emerging Markets Bitcoin News
One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that t...
The Federal Reserve’s Rate Hikes Are Cooling The Housing Market But Land-Use Reforms Still Needed
Professional engineer architect worker with protective helmet and blueprints paper at house building … [+] construction site background getty Since the spring of 2022, the Fed’s federal funds ra...
Russia’s cash reserves run dry as West shuns Putin’s energy
Putin Russia budget surplus West sanctions energy gas – Gavriil Grigorov, Sputnik Russia’s budget surplus has shrunk significantly in the latest sign that its public finances are feeling the str...
More Downside For Bitcoin? As Derivative Exchanges BTC Reserves Rise
– Advertisement – Bitcoin supply on futures exchanges is on the rise. In a CryptoQuant Quicktake released today, market analyst Abram Chart noted that Bitcoin supply on futures exchanges...
Oil Boom Falls Flat in Region With a Fifth of World’s Reserves
(Bloomberg) — From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly mi...
Massive Bearish Sign? Crypto Exchange Reserves Are Reversing Up
Arman Shirinyan Bears are actively pushing cryptocurrency market down as total exchange inflows are on rise The flow on cryptocurrency exchanges is one of the most common ways of determining the curre...
Federal Reserve’s Research Paper Highlighting Cefi and Defi Risks
Two papers examining decentralized finance (DeFi) and the effects of digital assets on financial stability were released last week by the research division of the US Federal Reserve. In light of the c...
Tether Hits out at WSJ, Accuses Publication of Having an Agenda Regarding Company Reserves
Tether alleges that the Wall Street Journal has spread false information about its reserve composition and business profitability. In a statement issued on Aug. 30, 2022, Tether accused the Wall Stree...
Tether Denies Claims of Inadequate Stablecoin Reserves
Altcoin News The firm disclosed the intention to provide monthly updates on the financial reserves. It denied the article’s assertions that the company is losing money. As Tether put it, “unsubstantia...
Stablecoin Issuer Tether Responds to Accusations of Having Insufficient USDT Reserves
The issuer of stablecoin Tether (USDT) is denying a report that appeared in the Wall Street Journal claiming that the dollar-pegged crypto asset is insufficiently backed. While branding the report as ...
Tether Refutes Allegations Of Inadequate Stablecoin Reserves
Responding to claims that the stablecoin is not adequately backed by reserves, Tether described the allegations as ‘unsubstantiated conclusions’. After a Wall Street Journal article said there were do...
Federal Reserve’s FedNow payments system will be live within a year, says Brainard
The Federal Reserve is getting closer to delivering its much-anticipated instant payments system, FedNow. In a virtual speech on August 29, Fed Vice Chair Lael Brainard announced: “We will be r...
USDC Releases Its Assets Reserves Report As Other Stablecoins Stumble ⋆ ZyCrypto
Advertisement     Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), ...
Bitcoin Miner Reserves Data Shows BTC Price Change Ahead Of Merge?
Even as the cryptocurrency market stares at upcoming Ethereum Merge, Bitcoin miners appear to have negative outlook in short term. The crypto ecosystem is anticipating a bullish momentum spurred by th...
NFT Lender BendDAO’s Liquidity Takes A Test As ETH Reserves Fall
If you’re borrowing against your Bored Apes, you may want to keep your eyes peeled. Liquidity on major NFT lending platform BendDAO has been under a major stress test over the past 24 hours, as ETH le...
BendDAO in Trouble, Ethereum Reserves Drained
BendDAO – a lending protocol for non-fungible tokens (NFTs) – is the latest project to have been hit with an insolvency crisis. The five-month-old platform has reportedly run out of ETH over the weeke...
Opinion: The Federal Reserve’s Powell has a lot of explaining to do
The Federal Reserve runs a symposium in Jackson Hole, Wyoming, every year. It’s a rite of passage for many in central banking, in monetary economics and for Fed-watching. Sometimes there is a key Fed ...