TodayinCrypto.com
Featured
Stablecoin issuer Circle cancels its IPO plan
The amicable termination follows more than a year and a half of discussion about Circle’s prospective multibillion-dollar listing terms. Stablecoin USDC’s creator, Circle, has canceled its contract with special-purpose acquisition firm Concord Acquisition Corp. and abandoned its aim to go public. The move was accepted by the boards of both companies, the company reported on…
Continue Reading Stablecoin issuer Circle cancels its IPO plan
Spotlight
The new Cardano algorithmic stablecoin stirs up old fears following Terra collapse
The on-chain proof-of-reserves and overcollateralization of the stablecoin project Djed are supposed to make up for Terra’s shortcomings, but that hasn’t stopped crypto advocates from criticizing it. In…
Continue Reading The new Cardano algorithmic stablecoin stirs up old fears following Terra collapse
Donald Trump’s former audit firm has been hired by Binance to audit its crypto reserves
Binance is collaborating with accounting firm Mazars, which served as the company’s longtime accountant while Donald Trump was president of the United States as part of the proof-of-reserve…
Explore
Kraken CEO claims that Binance’s proof of reserves is pointless without of liabilities
The failure of the cryptocurrency exchange FTX made it clear how crucial proof of reserves is for preventing scenarios when users’ money…
FTX allegedly processed consumer funds through Alameda’s bank accounts
Sam Bankman-Fried, the former CEO of FTX, acknowledged using Alameda’s banking services for FTX user deposits in an interview with Vox. Every…
Continue Reading FTX allegedly processed consumer funds through Alameda’s bank accounts
BlockFi declares bankruptcy as the FTX debacle escalates
BlockFi acquired a $400 million line of credit from the now-defunct FTX exchange earlier this year, which is still outstanding. Cryptocurrency lender…
Continue Reading BlockFi declares bankruptcy as the FTX debacle escalates