Tether keeps $3.3B Liquidity Cushion Per Transparency Report
Total Tether assets are $86.1 billion, while total liabilities are $82.8 billion, indicating a reserve underpinning of over 100 percent. Tether, the issuer of stablecoins, maintains a liquidity cushion of nearly $3.3 billion to stabilize the Tether ecosystem and inspire investor confidence. The Tether reserves report as of August 24 reveals a total shareholder capital […]
Hangzhou Summit 2023: China Launches Blockchain Data
At Hangzhou Summit 2023, China unveils a game-changing blockchain data exchange that will revolutionize global data commerce. On August 23, High-tech Zone (Binjiang) officials launched a blockchain-powered data exchange as part of the 2023 Hangzhou Summit, demonstrating the city’s strides into the future. Significantly, this platform aims to transform enterprise IT data trading dynamics. Defining […]
BRICS to Issue Its First Indian Rupee Bond
The New Development Bank of BRICS will issue the first Indian Rupee Bond, a measure that will strengthen the alliance. According to a report by Reuter, the BRICS Bank, also known as the New Development Bank (NDB), is planning to issue its first Indian Rupee bond in October. Additional Bond Issuance to Commence Vladimir Kazbekov, […]
SEC Adopt Rule Amendments Targeting Broker-Dealers
The SEC is targeting broker-dealers and private funds for greater supervision and transparency in the ever-changing securities landscape. Adopting rule amendments aimed at broker-dealers, the Securities and Exchange Commission (SEC) takes a bold step forward. Gary Gensler, chair of the SEC, stated, Some broker-dealers rely on outdated exemptions, creating a regulatory gap.” As a result, […]
Ripple CEO Enlists New Attorney For XRP Lawsuit
A new attorney appeared before the U.S. District Court for the Southern District of New York in the XRP litigation. A new attorney representing Ripple’s CEO, Brad Garlinghouse, appeared before the U.S. District Court for the Southern District of New York, which could signal the beginning of a new chapter in the XRP litigation. Following […]