The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves. Tether today releases its attestation for…

The UK’s Financial Conduct Authority (FCA) has issued a warning to investors concerning Bitfinex, which it states may be promoting financial services or products without the regulator’s authorization. The regulator said in the warning: “[Bitfinex] may be promoting financial services or products without our permission. You should avoid dealing with…

Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million. Compared…

Botev Plovdiv FC, Bulgaria’s oldest football club, has adopted Bitcoin(BTC) as payment for financial transactions in its operations and established a presence on the decentralized social protocol, Nostr, according to an Oct. 31 statement shared with CryptoSlate. Bitcoin for fan payments Botev Plovdiv FC said its fans can now make…

The members of a community of any type want to feel like they’re involved, connected and part of something that’s genuinely unique and valuable. That’s certainly true of the communities that support nonfungible token projects.  And it’s not just about a “warm and fuzzy” feeling. A healthy, engaged community can…

Quick Take A compelling trend has emerged in the financial world, with gold recently closing above $2,000, a threshold it first surpassed earlier this year in April. Over the last five years, gold has consistently outperformed the S&P 500, delivering a return of 62% compared to the S&P’s 53%. Currently,…

Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, claims that spending clients’ fiat deposits was just part of “risk management” for his intertwined crypto hedge fund Alameda Research. During the former crypto executive’s court testimony on October 31, prosecutor Danielle Sassoon of the Southern District of New York asked…

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The Ethereum layer 2 ecosystem is likely to continue evolving with diverse technological approaches, according to co-founder Vitalik Buterin. The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with a number of layer 2 protocols differing in their approaches to…

Blockchain analytics firm Nansen reported that wallets connected to bankrupt FTX have moved up to $156 million worth of digital assets, including Ethereum (ETH) and Solana (SOL), in several transactions over the past week. Unstakes Solana In an Oct. 31 post on X (formerly Twitter), Nansen reported that FTX began…