Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.The attestation was performed by Grant Thornton LLP, one of the largest accounting firms in the U.S. and is the first of what is to become a monthly occurrence for the stablecoin. In the report, which was conducted for the month of October and was signed on November 16, 2018, Grant Thornton found that Circle Internet Ltd. holds $127,412,240.89 in a custody account for USDC. This amount is enough (and then some) to cover the outstanding 127,408,827 USDC in circulation at the time of the attestation.“In our opinion, the Reserve Account Information in the accompanying Reserve Account Report as of October 31, 2018 at 11:59 PM UTC is correctly stated, based on the criteria set forth in the Reserve Account Report, in all material respects,” the report reads.Grant Thornton says in the write-up that the “examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.” Notably, Grant Thornton’s examination is an attestation, not an audit. Though they resemble each other in function, the makeup of each has some subtle differences. An audit may be conducted to look at an entity’s financial status along with other non-financial factors (e.g., internal controls...
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Chain Open Research, a Deep Analytics Platform for Cryptoassets, Is out in Alpha and Available to All
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The chief policy officer at leading crypto brokerage and exchange platform Coinbase has left his position for one at U.S. venture capital firm Andreessen Horowitz. Is Michael Lempres’s move indicative of a wider pilgrimage of talent from the digital asset industry in the wake of the 2018 bear market? Will More Crypto Talent Follow Lempres’s...The post Coinbase Chief Policy Officer Calls It Quits, Is Crypto at Risk of Losing Talents? appeared first on NewsBTC.
North Korea has announced its plans to hold an international blockchain and cryptocurrency conference in its capital city, Pyongyang, from April 18th to April 25th, 2019. As mentioned on the korea-dpr.info website, “international experts” from the blockchain and crypto industry “will gather for the first time in Pyongyang to share their knowledge and vision, establish connections” and engage in discussions regarding potential business opportunities in the isolated nation.
NBA legend Kobe Bryant has been confirmed for a high profile speaking slot at niTROn 2019, the inaugural international crypto conference organised by Tron. Marketing boon for Tron? Looking forward to having @kobebryant, CEO & President of Kobe Inc and #NBA legend, at our first international conference #niTROn2019!! Excited to exchange insights on entrepreneurship! Join … ContinuedThe post NBA Legend Kobe Bryant to Speak at Tron’s Crypto Conference appeared first on CCN
The market is going through a massive decline, and the current value of the total crypto market is below $150 billion. The bears took total control over the market and pushed the price of Bitcoin to a price as low as $4,000-$4,200 (depends on the exchange you are looking at). This is a 30% drop […]The post Ethereum Price Analysis Nov.21: Is 100$ per ETH just around the corner? appeared first on CryptoPotato.
Binance, the world’s leading crypto exchange, is going to use Refinitiv’s KYC product to streamline the screening process for onboarding, KYC and third-party risk due diligence
Bitcoin’s use in payments has reportedly dropped nearly 80% since the beginning of this year until September, according to data from major cryptocurrency payments processors. This, some claim, means the cryptocurrency is struggling to mature from a speculative asset.
Cryptocurrency markets have continued to see significant losses, with BCH, BTC, and ETH posting new lows for 2018. Despite also losing fiat value, XRP’s gains when priced in BTC have extended its dominance over ETH. Also Read: ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs BCH Posts All-Time Lows BCH has continued to produce […]The post Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH appeared first on Bitcoin News.