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New York Files Lawsuit Against Coinseed Crypto Platform for Allegedly Defrauding Thousands of Investors

New York State Attorney General Letitia James filed legal action against Coinseed crypto platform for allegedly defrauding thousands of investors, including selling fake cryptocurrencies and charging hidden trading fees. James’ lawsuit in Manhattan Supreme Court alleged that Coinseed violated the Martin Act – a particular New York anti-fraud law – on several occasions  and stated that the crypto … Continue reading New York Files Lawsuit Against Coinseed Crypto Platform for Allegedly Defrauding Thousands of Investors

Tether Has Enough Reserve for its Issued Tokens, Audit Firm Says

Tether Holdings Limited, the company behind the largest stablecoin USDT, has released its Consolidated Reserves Report (CRR) for June. Per the report, the firm has enough dollar reserves for its issued tokens. The Cayman Islands-based independent auditor affirmed the report that Tether’s claims about its reserves for June are indeed correct. The USDT stablecoin has … Continue reading Tether Has Enough Reserve for its Issued Tokens, Audit Firm Says

Decentralized Streaming Music Service Audius Partners with TikTok to Share Sounds for Artists

The global video streaming platform TikTok and the encrypted music streaming platform Audius have developed a new feature called “TikTok Sounds” to support users to share sounds to the TikTok platform through Audius. Audius official Twitter releases a demo guideline footage to the public. This new feature simplifies the current music upload and selection process of TikTok.  Audius … Continue reading Decentralized Streaming Music Service Audius Partners with TikTok to Share Sounds for Artists

Russian Auditor of Accounts Chamber Warns of the Risks in Crypto Investment

Alexei Savatyugin, the Auditor of the Accounts Chamber in the Russian Parliament, has shared concerns about unregulated digital currencies and their risks to investors. The auditor noted that these new asset classes do not have any inherent value as the sentiment in the market often determines their prices. “Those who invest in cryptocurrencies should be … Continue reading Russian Auditor of Accounts Chamber Warns of the Risks in Crypto Investment

Kraken Passes Reserve Audit Proof, Allowing Customers to Verify Crypto Balances

Kraken exchange has passed a crypto audit by Armanino LLP, allowing customers to verify cryptocurrency balances. Kraken’s Proof of Reserve Audit is designed to allow customers to prove that their Bitcoin and Ethereum balances are safe and provable on the platform. The US-based crypto exchange, founded in 2011, provides crypto to fiat trading pairs and … Continue reading Kraken Passes Reserve Audit Proof, Allowing Customers to Verify Crypto Balances

Saudi Digital Academy Partners With BSV Association to Establish New Blockchain Academy

The Saudi Arabian Digital Academy has partnered with the Bitcoin Satoshi Vision (BSV) Association to establish a new blockchain academy in the country.  Billed as the first Blockchain Academy in the entirety of the Middle East, the announcement disclosed more details with the plans from the academy by providing blockchain learning and development resources for … Continue reading Saudi Digital Academy Partners With BSV Association to Establish New Blockchain Academy

Canadian Big 4 Auditing Firm KPMG Lists BTC and ETH to Balance Sheet

Multinational professional firm services and one of the Big four auditing firms, the Canadian distribution of KPMG, said it added Bitcoin and Ethereum to its corporate treasury. This is the first direct investment in cryptocurrencies to the company.  Benjie Thomas, a managing partner of KPMG Canada Consulting Services, said that crypto assets have become a … Continue reading Canadian Big 4 Auditing Firm KPMG Lists BTC and ETH to Balance Sheet

Animoca Brands Releases Key Unaudited Financial Report, Portfolio investments Worth Over $1.5Bn

Hong Kong-based Animoca Brands has released the company’s key unaudited financial and business highlights for the last three months of 2021 and the first four months of 2022. According to the report, the blockchain gaming specialist ended bookings and other income of A$213 million (approximately US$148 million) on December 31, 2021, for three months. While A$827 … Continue reading Animoca Brands Releases Key Unaudited Financial Report, Portfolio investments Worth Over $1.5Bn

The Saudis NFT Sold out within Hours

Free to mint non-fungible token (NFT) collection The Saudis went live on July 9 and sold out within hours. The Saudis are a collection of 5,555 NFTs whose artwork is a derivative of the CryptoPunks collectables. The price of the cheapest edition currently for sale is around 0.75 ether (roughly $867). The price peaked at … Continue reading The Saudis NFT Sold out within Hours

51% of Crypto Investors in Saudi Arabia Optimise Crypto Future, KuCoin Study Shows

Nearly 3 million citizens in Saudi Arabia have entered the crypto space over the past six months, according to a study by KuCoin. To explore the adoption and penetration of cryptocurrencies in Saudi Arabia, crypto exchange KuCoin released an “Into The Cryptoverse Report”. The study unravelled sustainable interest among crypto investors in Saudi Arabia. Per the report: … Continue reading 51% of Crypto Investors in Saudi Arabia Optimise Crypto Future, KuCoin Study Shows

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