The source also said SEC staff have become increasingly focused on the agency’s legal authority to issue such broad relief, including whether it has completed sufficient economic analysis and followed the procedural steps required to justify an exemption. Industry insiders have been instructed that this… Read More
Tether said in March that it had hired a “Big Four” accounting firm to conduct its first full audit. KPMG is one of the Big Four, the group of accounting giants that also includes Deloitte, EY and PwC and audits many of the world’s largest… Read More
Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported second-quarter net loss of $280 million, on Thursday, compared to $108.3 million for the equivalent period a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization came in at $29.5 million, more than… Read More
Futures positioning has rebuilt to levels last seen when dogecoin traded at three times today’s price, and more than three accounts are betting on a rebound for every one betting against.
Unlike denials (as received by Wise and Bunq) a return doesn’t come with a detailed explanation. The company didn’t publicly disclose the development when it happened, as it had with the submission of its application. And Zerohash hadn’t voluntarily withdrawn the filing, as was its… Read More
Privacy has emerged as a key barrier to bringing more financial activity onchain. Public blockchains expose transaction histories, balances and counterparties by default, a level of transparency that is difficult to reconcile with how businesses and financial institutions operate. Trading firms don’t want to reveal… Read More
