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Bitcoin price eyes $65K breakout as BTC exchanges reserves fall to 2018-lows
20.10.2021
Decreasing reserves mean a decline in Bitcoin supply for selling, altcoins purchasing, and margin trading
Mashinsky says USDT is minted for crypto as $1M bounty offered to unpick reserves
20.10.2021
Hindenburg Research is offering a $1 million bounty for information on Tether’s reserves, with the firm stating that Tether is yet to disclose virtually anything “about its counterparties.”
Russia aims to replace US dollar reserves with digital assets in long term
19.10.2021
Last week, the Russian president said it was “a bit early” to use cryptocurrencies to settle oil trades
Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022
11.10.2021
The Polish central bank, the National Bank of Poland (NBP), is reportedly planning to raise its gold reserves by 100 tons in 2022. According to bank governor Adam Glapinski, the objective of this decision is to prepare Poland for “the most unfavourable circumstances.” Gold’s...
Tether fires back against report it is using reserves for investments and making crypto-backed loans
7.10.2021
"If those loans fail, even a small percentage of them, one Tether would become worth less than $1," said Bloomberg reporter Zeke Faux
BTC price nears $46K with Bitcoin exchange reserves lower than November 2020
14.9.2021
It's a question of "if," not "when" for Bitcoin to see a supply shock which squeeze price action upwards, one analyst forecasts
Bitcoin exchange reserves near record low with traders eyeing $43K BTC price support
10.9.2021
BTC price action may be struggling, but one analyst is hoping for a "sell-side liquidity crisis."
Coinbase's Bitcoin reserves drop to the lowest level since December 2017
1.9.2021
BTC price action stays frustratingly dull as altcoins take the chance to put in serious performance, led by Ethereum
Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021
25.8.2021
To date, 92,595 ETH have been burned following Ethereum's London hard fork upgrade
USDC to consolidate reserves into cash and US treasuries
24.8.2021
Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September
Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B
18.8.2021
The market capitalization of the world's largest stablecoin received a boost despite facing regulatory threats in the United States
Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin
11.8.2021
The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank account.”
The $62B Stablecoin Giant Tether Publishes Assurance Report Reviewed by Auditor Moore Cayman
10.8.2021
Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report...
Digital Yuan to Promote International Use of Chinese Currency, Experts Say
30.7.2021
The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct...
Record 57K BTC leave exchanges in one day dropping Bitcoin reserves to pre-crash levels
29.7.2021
57,000 BTC leaves exchanges in a single day as demand returns with Bitcoin at the upper end of its multi-month trading corridor
Regulators scrutinizing Tether's commercial paper reserves: Comptroller of the Currency
28.7.2021
Tether is still under regulatory pressure with eyes now cast towards its commercial paper reserves
Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether's mad money
21.7.2021
Grant Horton has conducted an audit on USDC’s reserves and Jim Cramer has questioned what's going on with Tether's commercial paper reserves
Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets
20.7.2021
On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre...
After Three Years, Circle Reveals USDC Reserves
20.7.2021
It took nearly three years for US-based crypto company Circle, the issuer of major stablecoin USD Coin (USDC), that is preparing to go public, to finally reveal how this token is backed.
In their latest attestation report, prepared by auditors at Grant Thornton, the company said that, on May...
Despite Negative Press, Binance Is Still the World’s Largest Crypto Spot and Derivatives Exchange
19.7.2021
While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of trade volume. During the last 24 hours, Binance has recorded roughly $8.6 billion in swaps and the trading...