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Nalezeno "The Paper": 557

Tether Holdings Revealed – Commercial Paper Holdings Slashed

4.10.2022
The stablecoin issuer Tether has revealed new details about its holdings of reserve assets, and now says a majority of its holdings are in the form of US treasuries. In a tweet posted on Monday, Tether’s chief technology officer Paolo Ardoino said that 58.1% of the assets backing up the popular...

Tether commercial paper exposure now under $50M, says CTO

4.10.2022
Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the USD

Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves

3.10.2022
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly...

Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M

3.10.2022
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year

US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency

2.10.2022
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall...

Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

1.10.2022
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo...

Australia Issues White Paper for Central Bank Digital Currency

28.9.2022
Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot...

New Cosmos White Paper Revamps Cosmos Hub, ATOM Token

26.9.2022
The paper cites interchain security and a new issuance model for ATOM as the keys to pulling the first Cosmos blockchain out of its yearslong identity crisis

Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper

26.9.2022
The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks, and operational models for a CBDC in Australia

US Federal Reserve discussion paper takes cold, hard look at DeFi, gives it mixed review

31.8.2022
The authors see DeFi growing despite barriers such as crypto’s volatility; risks to users and TradFi institutions are inherent in the technology as well as incidental

Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge

25.8.2022
The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial...

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

20.8.2022
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin...

Independent Tether attestation reveals 58% decrease in commercial paper holdings

19.8.2022
An independent review from the accounting firm BDO reported that the stablecoin issuer's total assets exceed its consolidated liabilities

New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings

19.8.2022
Stablecoin issuer Tether has cut its commercial paper exposure to $8.6 billion, with a reduction to $200 million on track by the end of the month

Why (and How) I Write Code With Pencil and Paper

17.8.2022
If the thought of handwriting code seems silly, it might surprise you to know that it’s inevitable. If you’re unsure, think about the last job interview you did, and remember how there was no computer around in the interview room … Why (and How) I Write Code With Pencil and Paper...

Bank of Russia Aims for Full Launch of Digital Ruble in 2024

14.8.2022
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 period. As the development of the state-issued digital currency continues, the monetary...

ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks

30.7.2022
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB)...