Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin’s reserves. According to Paolo Ardoino, the chief executive officer of Tether, the company is “engaging” one of the top accounting firm in the world with a view to getting its Tether (USDT) reserves audited. Reuters highlighted this development in … Read more
Police in India have arrested Aleksej Besciokov, the co-founder of Russian crypto exchange, Garantex after the European Union sanction the exchange for facilitating money laundering. According to Indian state police officials, Besciokov, a Lithuanian national, was detained in the state of Kerala under India’s extradition law. (@Hack_Hound_) Aleksej Besciokov Arrested In India While On Holiday … Read more
JPMorgan analysts believe that Tether will have to sell some of its assets in order to comply with US stablecoin regulations. In fact, the analysts suggested that Tether sell Bitcoin, precious metals, corporate paper, and secured loans. Tether being the largest stablecoin company could find itself in trouble over newly introduced regulations. The STABLE Act … Read more