Tether claims to have increased total assets by $21B in new accounting review
Tether(USDT) Holdings has been disclosing its reserves and liabilities as part of a settlement with the New York Attorney General’s office in February 2021. Tether Holdings Limited, the company behind the USDT stable coin, released an independent accountant report on Monday claiming that its tokens are fully backed by its reserves.
KYC tools can minimize hassle for US crypto market, FTX CEO says
FTX will now use phone numbers to confirm users’ jurisdiction and names in addition to testing new KYC tools. Ongoing regulatory scrutiny has forced many crypto businesses across the globe to close up shop. Complementing the announcement concerning the KYC-related update, Bankman-Fried cited investors’ funds and safety as a priority.
MicroStrategy and Bitcoin mining stocks rally as BTC price rebounds
The price of MARA, RIOT, MSTR, and other listed companies with exposure to Bitcoin has nearly tripled in the last three months. Bitcoin's (BTC) price soared to a 3 month high at $46,293 after bulls confirmed that they intend to take full control of the market. While crypto traders might be in the green again and pro traders are looking to add larger leveraged positions, no every class of investors to obtain direct exposure to Bitcoin.
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