Tether is still under regulatory pressure with eyes now cast towards its commercial paper reserves.
Tether’s general counsel said a full audit is coming in months.
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether […]
Can new code review models solve DeFi’s audit problem?
Cashfusion, the privacy-enhancing solution for the Bitcoin Cash network is nearing its one-year anniversary and during the last four months, fusions have increased by 328.93%. The protocol recently completed a security audit and fusions are nearing 20k with close to $200 million worth of bitcoin cash fused to-date. On November 28, 2020, the Cashfusion protocol […]
The post Cashfusion Use Increased by 328%, $200M in BCH Fused and Close to 20,000 Fusions appeared first on Bitcoin News.
On August 11, 2020, the Electron Cash developer Jonald Fyookball announced that Cashfusion tiers have been expanded to allow 10x bigger coins to be fused. The announcement got the Bitcoin Cash community excited to “fuse with whales,” as the increase has been upped from 0.82 BCH to 8.2 BCH. Cashfusion is a type of coin […]
The post Fusing With Whales: Cashfusion Privacy Mixing Expands Allowing 10x Bigger Coins appeared first on Bitcoin News.
About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious” cash balances provided by a third party with the aim […]
The post Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62% appeared first on Bitcoin News.
Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts. Investors and traders earning income from cryptocurrencies are […]
The post Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits appeared first on Bitcoin News.
Bitcoin.com is a proponent of privacy and we have been monitoring Bitcoin Cash projects like Cashshuffle and Cashfusion closely. Last March, Cashshuffle was officially released after a security audit from Kudelski Security, and since then millions of dollars worth of BCH have been shuffled. Our web portal aims to help speed up the process of […]
The post Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy appeared first on Bitcoin News.
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns. The U.S. Treasury-licensed Enrolled […]
The post How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus appeared first on Bitcoin News.