Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that t...
Tag: Transparency
Domestic Transparency Can Slow Resurgent Trade Protectionism
[The following article is a synopsis of a Hinrich Foundation Report published today, March 7, 2023.] For six decades following World War II, governments reduced tariffs progressively and agreed to rul...
Ripple Vs SEC: Dr. Layton Actions For Judicial Transparency, Demands Public Access To Hinman Speech Documents
Dr. Roslyn Layton, a regulatory policy scholar, has filed an amended motion to intervene in the Ripple vs. SEC lawsuit in a bid to access internal SEC documents related to a speech former SEC Director...
China bats for on-chain blockchain ownership to increase transparency
The Chinese city of Shenzhen plans to stamp data ownership on blockchain. Data owners will reportedly be able to trade data property on the data market. The Shenzhen Municipal Committee announced the ...
Binance pushes new transparency framework for CEXs
Binance has released a policy paper proposing a detailed, actionable framework of guidelines that centralized exchanges (CEXs) could follow to foster industry transparency, trust, and safety. Indeed t...
The PBM Transparency Act Will Not Lower Drug Prices
While members of Congress agree on the need to try to rein in the prices of prescription drugs, there is less consensus as to how this might be accomplished. Unfortunately, some of the ideas currently...
IMF issues warning on El Salvador’s Bitcoin experiment amid calls for greater transparency
Ad El Salvador’s embrace of Bitcoin has yet to realize any initially predicted risks. However, greater transparency and attention are still needed, that is, according to a statement by the Internation...
Risks Averted, but Transparency Needed – Bitcoin News
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks ...
Allnodes Releases Transparency Report to Further Address Terra Classic Concerns
The report reveals that the node hosting service’s cumulative voting power never reached chain-breaking levels, as detractors previously claimed. Node hosting provider Allnodes has released a transpar...
CEXs should adopt DeFi’s transparency
Justin Sun thinks centralized exchanges (CEXs) could learn a lesson from decentralized finance (DeFi). The entrepreneur and diplomat who founded the Tron blockchain spoke at a roundtable at Philippine...
Corruption Is Fueling Violence Across The Middle East, Says Transparency International
Corruption Perceptions Index 2022 (source: Transparency International) Transparency International Anti-corruption organisation Transparency International has warned that the costs of graft around the ...
How does Proof of Reserves Promote Transparency?
SPONSORED POST* Proof of Reserves is how centralized crypto exchanges can provide customers with the details of their reserves. It helps them to prove that they hold the assets they claim. Proof of R...
Pay transparency laws usher in baffling pay ranges in job postings
The biggest shortcoming so far of new state salary transparency laws is preposterously wide pay ranges, often covering more than a six-figure span. For instance, the base pay range for a database engi...
Decentralized hiring process leads to unique perspective on transparency in DeFi industry – SlateCast #48
In this episode The decentralized hiring process at SushiSwap: The process of selecting the head chef through a public vote and debate, and how it compares to traditional hiring methods. The role of i...
Workers in California and Washington State will get more pay transparency
Do you know how much your job is worth? Millions of Americans are finally getting the answer. Starting Jan. 1, California and Washington state will require employers to include pay ranges with their ...
U.S., global health officials worry about China transparency on virus spread
U.S. and global health leaders say Beijing is not sharing enough information about the spread of Covid-19 in China, leaving the international community in the dark about the scale and severity of the ...
Coinbase Releases New Transparency Report Revealing 12,320 Requests From Law Enforcement
US-based crypto exchange Coinbase is revealing that it received thousands of requests from law enforcement and government agencies this year. Coinbase says in a new transparency report that requests f...
All about Coinbase’s Transparency Report and what the 66% surge in 2022 means
Coinbase received an upsurge of requests from law enforcement agencies Despite complying to governments’ requests, Coinbase to honor user data In 2022, Coinbase received 66% more requests from global ...
Bybit bets on transparency with cryptographic proof-of-reserves
Cryptocurrency exchange Bybit released a Merkle tree proof-of-reserves (PoR), in a joint bid by centralized crypto service providers to regain the community’s trust lost after the fall of FTX. In a De...
Binance’s transparency in the crypto sector
The world’s largest exchange platform Binance, is the promoter of transparency in the crypto sector. With the aim of exporting transparency and promoting trust in the crypto ecosystem, Binance is shar...
Bitget shares Merkle Tree Proof of Reserves to enhance transparency
Users’ assets safeguarded with at least a 1:1 reserve ratio Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to u...
Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency Users’ Assets Safeguarded With at Least 1:1 Reserve Ratio – Sponsored Bitcoin News
sponsored Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to users that we are a full-reserve exchange, as suppo...
Tether Co-Founder Pressed on Lack of Transparency
Alex Dovbnya Tether co-founder Reeve Collins defended company’s perceived lack of transparency during rather heated interview with CNBC’s Andrew Ross Sorkin In a recent interview with CNBC...
Tether co-founder is defensive on USDT transparency
Tether co-founder Reeve Collins defended the company’s perceived lack of transparency, stating Tether has always redeemed every token for “exactly one dollar” despite having no clear proof of reserve....
Salvadoran Group Files Lawsuits Against President Nayib Bukele on Lack of Transparency in Bitcoin Purchases – Emerging Markets Bitcoin News
Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run be...
Coinbase Launches New Initiative To Promote Crypto Exchange Transparency and On-Chain Accounting
US crypto exchange giant Coinbase is launching an initiative to help encourage more transparency among firms in the industry, particularly in regard to proof of reserves. In a blog post, Coinbase says...
Mexican crypto platform Bitso bets on transparency to reassure users in a post-FTX world – crypto.news
Mexican crypto platform, Bitso, published a transparency roadmap to calm a cryptocurrency community wary of centralized custodians following the fall of major crypto exchange FTX. According to a Nov. ...
Why Binance Is Launching A Website Dedicated To Transparency
Binance announced on Friday that it is establishing a new proof of reserves (PoR) website to indicate that it holds client assets in full as a digital currency keeper. Binance has Bitcoin reserves to ...
Binance CEO “CZ” Reveals Wallet Transparency To Answer “Proof Of Reserve” Jab
After some crypto leaders claimed Binance’s “proof of reserves” as pointless, Binance CEO Changpeng “CZ” Zhao stated Merkle Tree-based proof of reserve as “healthy checks.” Binance CEO in a blog on Sa...
In Crypto We Trust: Binance Promises Greater Transparency
Binance has released its Merkle tree proof of reserve system, enabling its users to verify their holdings with the exchange. In the wake of the collapse of cryptocurrency exchange FTX, it was revealed...