Cryptocurrency Market

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  • Market Cap: $2,408,236,890,635.75
  • 24h Vol: $56,245,798,007.57
  • BTC Dominance: 56.46%

Proof of Reserve

stablecoin-supply-plummets-after-depegging-event:-$7.4b-dollar-pegged-tokens-withdrawn-from-circulation

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

Leave a Comment / 24-hour settled trades, Altcoins, Binance, Binance USD, Bitcoin, BUSD, Centralized trading, Circulation, coingecko.com, crypto economy, Crypto Hacked, Crypto landscape, Cryptocurrency, Demand, depegging, Ethereum, Exchanges, Global Trade, Investors, Market Capitalization, Market Valuation, metrics, Nansen, Pegged, Proof of Reserve, redemptions, Stablecoins, Supply, Tether, Trading Platforms, usd coin, USDC, USDT, Value, volume, Withdrawals / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation Read More »

us-accounting-watchdog-issues-warning-on-crypto-proof-of-reserve-audits:-investors-urged-to-exercise-caution

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

Leave a Comment / accounting watchdog, advisory warning, Asset Management, asset verification, audits, Bitcoin, caution, Criticism, crypto companies, Crypto Hacked, crypto industry, Cryptocurrency, deceptive, Digital Assets, due diligence, Ethereum, Exchanges, financial accountability, financial disclosure, financial oversight, Financial Regulation, financial reporting, financial stability, incomplete, investor protection, Investors, lack of uniformity, liabilities, limitations, Martin Hiesboeck, misleading, News, PCAOB, Proof of Reserve, public trust, risk management, SEC, service providers, stablecoin issuers, Transparency, undue reliance / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an

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