KPMG to help US crypto firms uphold reporting standards

Cryptocurrency derivatives exchange FTX has created a new, specialized futures contract for traders to bet on President Donal Trump’s reelection in 2020.Dubbed TRUMP-2020 (TRUMP), FTX announced on Feb. 5 that the contract expires to $1 if Donald Trump wins the 2020 US presidential general election, and $0 if otherwise.The launch of TRUMP coincides with a…

User losses will be minimized due to an upcoming compensation plan and rolling back accounts, Bitget CEO Gracy Chen told Cointelegraph. Cryptocurrency exchange Bitget discovered "abnormal trading activity" on the VOXEL/USDT perpetual futures contract on April 20, between 8:00 to 8:30 UST, and paused accounts that the exchange suspected of market manipulation. According to an

A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months. 178 Total views 2 Total shares Own this piece of history Collect this article as an NFTA lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can…

New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources. 3162 Total views 6 Total shares A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been…

Imagine a world where everyone, regardless of their background, can easily access and participate in the revolutionary world of Ethereum. A world where decentralized applications empower individuals, and the potential for innovation knows no bounds. Against a highly equivocal and chaotic macroeconomic landscape, this is the world that the prophets of Ethereum dream of. But…

FTX CEO Sam Bankman-Fried says stablecoins could be the most straightforward route to crypto industry regulation in revealing tweets. 807 Total views 6 Total shares FTX founder and CEO Sam Bankman-Fried, also known as “SBF,” rounded off 2021 on an optimistic note. SBF waxed lyrical about the crypto market’s state in 2021 while revealing the…

Bitcoin could hit all-time high prices then consolidate like gold, according to the analyst. Bitcoin (BTC) has risen to rarely seen price highs, currently stalling between $17,000 and $18,500 before deciding on its next move. Gold recently broke all-time U.S. dollar price highs, surpassing $2,000 per ounce before pulling back and consolidating in price. Bloomberg…

It is expected that the total figure of tokens could rise to north of $85 million. 1136 Total views 2 Total shares Decentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was…