Following the settlement with the U.S. Department of Justice (DOJ), Binance, the world’s leading crypto exchange by trading volume, has experienced a significant withdrawal of approximately $ 1.7 billion in digital assets, as reported by Nansen, a blockchain analysis company. This substantial outflow of funds from Binance occurred shortly after the settlement. As of …
On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $ 3.2 billion in surplus reserves supporting the company’s tokens, some of which are backed by U.S. Treasuries. Report Shows Over 85% of …
This weekend, bitcoin enthusiasts discussed the latest update to bitcointreasuries.net, which offers a new visual of the various companies, countries and funds with bitcoin on their balance sheets. The site indicates that Microstrategy owns 158,245 BTC, while Block.one, the company behind the development of the EOS network, reportedly holds 164,000 BTC. Behind the Bitcoin Balance […]
On September 27, 2023, statistics indicate that 13 cryptocurrency exchanges possess assets under management (AUM) exceeding $ 1 billion, collectively constituting 14.39% of the crypto economy’s total value of $ 1.05 trillion. Among these 13 digital currency trading platforms, Binance stands out by maintaining a 42.81% share of the $ 151.08 billion …
The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative that seeks to boost the country’s foreign exchange reserves by buying gold with local currency. The bank said its objective is to acquire six tonnes of gold from miners and traders in 2023 alone. The Tanzanian Gold Reserve The Tanzanian …