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Cryptocurrency company Circle has released its third audit attestation of the USD reserves backing its USDC stablecoin. Cryptocurrency finance company Circle has released the third audit attestation of the reserves of its fiat-backed stablecoin, USD Coin (USDC), according to an official statement Jan. 16. The third-party audit of Circle’s United States dollar reserves was issued by independent accounting firm, Grant Thornton LLP. According to the report, as of Dec. 31, 2018 at 11:59 p.m. UTC, 251,211,148 USDC tokens were issued and outstanding, while the firm holds $251,211,209 in custody accounts, a $61 surplus in USD reserves. Circle’s statement concludes: “As of the Report Date and Time, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts.” The USDC stablecoin is an Ethereum (ETH) based ERC20 token, first announced in May last year, shortly after the company raised $110 million in an investment round. Circle CEO Jeremy Allaire..
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The arrival of emerging technologies such as blockchain and cryptocurrencies brought a number of security, trust, usability and valuation issues for the industry. Platon Finance, a leading crypto-financial company on the Ethereum blockchain set out to solve many of these issues by offering insurance against cyber theft — and it was the first to do so. Based in Czechia with offices in Slovakia, the company is making strides in the marketplace by providing B2B and B2C solutions for the crypto world. Platon CEO, Daniel Tanner, announced, “We’re excited to partner with Lloyd’s,” the leading British insurance and risk syndicate that insures each Platon Finance wallet for up to 500,000 euros. The serial entrepreneur who co-founded the company with his wife, Julia, recently completed their new office launch in Pragu..
Crypto hardware company Ledger has exhibited its new Bluetooth-enabled wallet in Las Vegas. Cryptocurrency hardware wallet firm Ledger has unveiled a new Bluetooth-based wallet today, Jan. 7, according to a press release shared with Cointelegraph. The wallet, called the Ledger Nano X, was shown at the CES 2019 conference in Las Vegas. At the same time, the firm has announced mobile app set to go live on Jan. 16, allowing its users to manage their transactions and check their balances from a mobile device. The Ledger Nano X will have the capacity to store 100 crypto assets. At the end of November, Ledger Nano S had begun to support altcoin Monero (XMR). In October, major technology company Sony had announced that it had created a contactless crypto hardware wallet that utilized IC smart technology. While the product’s release date is not yet known, Sony noted that the device would be able to manage private keys for storing private information on the blockchain as well as managing crypt..
Bermuda’s financial watchdog BMA has released a draft code of practice for crypto custodial services. Bermuda’s financial regulator has released draft regulation for crypto custodial services, according to an official press release issued on Tuesday, Dec. 18. The Bermuda Monetary Authority’s (BMA) draft regulatory document, entitled “Digital Asset Custody Code of Practice,” seeks to clarify the regulator’s stance on crypto custodial services in Bermuda and to protect clients’ assets. The document provides a detailed regulatory basis for offering crypto custody services, including both business management and technology issues, such as transaction handling, incident reporting, keys generation and operating hot and cold storage. Aiming to deliver a high level of protection for crypto custody clients, the BMA has suggested that a Digital Asset Business (DAB) must ensure that “any assets belonging to clients are kept segregated” from their own assets. According to the document, a DAB is a..
Cryptocurrency holders in the U.K. can now consult with official guidance on what tax they should be paying on their assets. The United Kingdom tax collection service published its first detailed tax legislation for private cryptocurrency holders Dec. 19 following a lengthy consultation period. Its new policy paper, “Cryptoassets for Individuals,” sets out likely tax obligations for private investors who buy, sell, get paid in and even lose cryptocurrency. Capping months of uncertainty among U.K. taxpayers over what they need and need not report to authorities about their holdings, the latest information is officially endorsed by tax collection agency HM Revenue & Customs (HMRC). Specifically, individuals will be liable to pay either Capital Gains Tax (CGT) or Income Tax (IT) depending on the type of cryptocurrency transactions they are involved in. In the case of receiving payment from an employer in cryptocurrency, employees would also have to pay social security contributions known..
Blockchain Labs has graduated its first blockchain projects from its Incubation Program. Binance Labs, the venture wing of the largest cryptocurrency exchange Binance, has released its first “batch” of blockchain projects from its Incubation Program, according to a press release shared with Cointelegraph on Dec. 14. Binance Labs is an initiative that seeks to help early-stage blockchain and digital assets projects and entrepreneurs through direct investments and technical assistance. The Binance Labs Incubation Program is an onsite program that was launched in August 2018. Following a try-out tour with over 500 applicants, Binance Labs selected only eight projects, each of which received $500,000 in seed funding and access to necessary resources and mentors. Over the course of the 10-week program, seven projects have shipped working products and signed on users, while three of those teams have paying customers. Among others, the eight projects selected by Binance Labs include hardware..
Opera has launched its “Web 3-ready” browser for Android, with crypto wallet integration, support for Ethereum and interactions with decentralized applications. Opera has launched its “Web 3-ready” browser for Android, with crypto wallet integration, support for Ethereum (ETH) and interactions with decentralized applications (DApps). The launch was announced at the Hard Fork Decentralized event in London Dec. 13, according to a press release shared with Cointelegraph. Charles Hamel, product manager of Opera Crypto, has outlined that the new product aims to remove the “friction” involved in “using cryptocurrencies online and accessing Web 3 via special apps or extensions,” in a bid to make the emerging technologies more “mainstream.” Hamel explained Opera’s choice to support Ethereum and the Ethereum Web3 API as being based on the perception that the protocol “has the largest community of developers building Dapps” and significant “momentum behind it.” Krystian Kolondra, executive vic..
Binance has shown how its upcoming decentralized wallet, order book and block explorer will work, vowing to make a testnet available “soon.” The world’s largest cryptocurrency exchange Binance revealed a second preview of its forthcoming decentralized exchange (DEX) in a video Dec. 4. Binance, which regularly tops global charts for the largest volume of cryptocurrency traded daily, released an initial sneak peak in August. The project is part of the wider Binance Chain initiative, through which executives plan to support “millions” of crypto assets. The latest preview included the unveiling of a fresh user interface, wallet and block explorer for DEX, developers confirming a testnet version would become available for prospective users “soon.” Commenting on the update, Binance CEO Changpeng Zhao confirmed additional features that are set to come with the final rollout. These include a one-second block time for transactions and the ability for users to control their own funds. Decentral..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Button Wallet, the multi-cryptocurrency exchange wallet offering a safe, user-friendly, and convenient option to store money on Telegram, has developed LightySig – the Swiss knife or a single library compatible with multiple blockchains – as a solution for developers working on blockchain technology and DApp development. As Kirill Kuznetcov, a Lead Developer at Button Wallet states, “LightySig combines multiple blockchains and allows you to work with them without getting under the hood. All you need is a basic knowledge of the architecture of distributed registries. We think that this tool will make it e..
The rules for operation of the cryptocurrency market in Belarus have been approved, after being released by the country’s High Tech Park. Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by HTP Nov. 30. The regulatory documents define the requirements for various types of businesses related to cryptocurrencies and Initial Coin Offerings (ICO), as the general rules for industry regulations — Decree No. 8 “On the Development of the Digital Economy” — had already been signed last year. The HTP, commonly known as the Belarusian Silicon Valley, was responsible for establishing the rules under which the cryptocurrency industry would be regulated in the country. Today, the HTP has published five documents: “Requirements for Applicants,” “Requirements for Cryptoplatform Operators,” “Requirements for Cryptocurrency Exch..