Tether plans to start publishing real-time reserve reports in 2024
Tether is planning to introduce real-time reserve data reporting by 2024. Tether currently updates its reserve data daily and issues monthly and quarterly reports, According to its Q2 attestation Tether…
Reserve Bank of Zimbabwe launches gold-backed digital token ZiG
RBZ has launched a gold-backed ZiG digital token to address currency instability and inflation. ZiG offers a stable and versatile investment option, gaining investor interest. Investors have purchased 350kg of…
Federal Reserve launches ‘FedNow’ instant payment system
The newly launched FedNow Service aims to empower banks and credit unions. FedNow will allow for the execution of transactions 24/7 365 days a year. 35 banks and credit unions,…
Exclusive: Bitget’s proof of reserves sets record with a total reserve ratio of 223%
Bitget has been publishing verifiable data since December 2022. The recent proof of reserves shows USDC at a reserve ratio of 2604% The exchange’s reserve ratios have consistently exceeded 200%…
MakerDAO votes to decrease GUSD held in DAI stablecoin reserve
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves. The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve…
Bitcoin price forecast ahead of the Federal Reserve meeting
Bitcoin finds resistance at $30k The neckline of a head and shoulders pattern provides support The realized HODL ratio suggests investors may buy the dip The main event of the…
USDC bounces to $0.99 as Circle’s $3.3B reserve risk is removed
USDC has re-pegged to $0.99 after crashing to lows of $0.88 last week. Circle, the company that issues the stablecoin, has announced the $3.3 billion risk on USDC reserves has…
Circle moves its USDC reserve deposits out of troubled Silvergate Bank
Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move…
TrueUSD the first USD-backed stablecoin to use Chainlink ‘Proof of Reserve’ to mint
TrueUSD will use Chainlink Proof of Reserve (PoR) in minting the TUSD stablecoin. It is the first stablecoin to use Chainlink PoR in controlling the minting process. The PoR will…
January recap: Bulls back on top, but all eyes on the Federal Reserve
Key Takeaways Crypto banks best January in nearly a decade 68% of the Bitcoin supply in profit, compared to 50% at the start of January Correlation between Bitcoin and risk…