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Tesla and SpaceX Hold Over $1.3 Billion Worth of Bitcoins: Arkham
8.3.2024
Arkham Intelligence claims to have identified Tesla and SpaceX's Bitcoin addresses of over $1.3 billion in crypto holdings matching financial statements, revealing detailed transaction histories.
The post Tesla and SpaceX Hold Over $1.3 Billion Worth of Bitcoins: Arkham appeared first on Cryptonews
CoinShares Records $42 Million Revenue in Q4 2023 – Crypto Adoption Rising?
13.2.2024
Digital assets management firm CoinShares reported $42 million in revenues and gains in the last quarter of 2023 following a positive swing in the market. The company disclosed the recent financial statements in its Q4 2023 report, showing an increase in year-on-year performance and adoption...
Ripple Requests One Week Extension for Documents in SEC Suit
7.2.2024
Ripple has filed a motion requesting an extension of one week to gather and submit documents in its ongoing courtroom battle against the SEC. The documents under examination largely comprise financial statements covering the period from 2022-2023. In addition, the SEC seeks “post-complaint...
Ripple Must Share Financial Statements Requested by SEC, Court Rules
6.2.2024
The statements will help a judge determine if institutional sales of XRP after the SEC lawsuit was filed in 2020 broke securities law, the SEC said in its request
Ripple Must Reveal Financial Statements in SEC Case, District Court Rules
5.2.2024
Ripple will have to reveal its financial statements from 2022-2023 in its case against the United States Securities and Exchange Commission (SEC), a Monday court filing revealed. “At this stage, the Court sees no basis to short-circuit that inquiry by denying access to readily available information...
Tether Achieves Record $6.2 Billion Annual Profit, Nears $100 Billion In Assets
1.2.2024
In 2023, Tether saw its assets approach the $100 billion mark, following a $6.2 billion profit according to the company’s Q4 attestation report released on January 31. The financial surge, detailed in Tether’s latest financial statements, reflects a strategic allocation of assets....
SEC Seeks Court Order for Ripple’s Financial Statements in Ongoing Legal Tussle
12.1.2024
The legal battle between the SEC and Ripple Labs continues, with the SEC seeking court intervention to obtain Ripple’s financial statements and data on institutional XRP sales. SEC’s Legal Pursuit of Ripple Continues With Request to Disclose Financials and XRP Contracts The U.S....
Ripple Faces SEC Pressure for Financial Transparency in Ongoing Legal Saga
12.1.2024
Source: Adobe / Dennis The legal battle between US-based blockchain payments firm Ripple and the US Securities and Exchange Commission (SEC) has taken a new turn as the SEC seeks to compel Ripple to disclose its financial statements for the years 2022-2023. The regulator filed the motion...
Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations
1.12.2023
Source: iStock Images Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting. Effective November 30, 2023, the collaboration enables Nexo users to easily generate tailored crypto tax reports. A company statement said that...
Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves
1.11.2023
On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $3.2 billion in surplus reserves supporting the company’s tokens...
Ukraine demands local crypto businesses to provide financials
1.8.2023
Trading volumes on the Ukrainian crypto exchange Kuna have shrunk 90% since March 2023 due to government policies, the CEO said
Marathon Digital bungles crypto impairment sums, will reissue financials
1.3.2023
The Bitcoin miner received a letter from the SEC on Feb. 22 which highlighted accounting mistakes it made on multiple financial disclosures
SEC-retly Failing: How the SEC Is Letting Crypto Down
16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...
Tesla’s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million
26.1.2023
Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $184 Million Tesla Inc....
Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing
16.8.2022
Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure...
Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets
4.4.2022
On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second...
Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings
29.3.2021
The Indian government has introduced new cryptocurrency disclosure rules. Companies dealing in cryptocurrencies will have to disclose their crypto holdings, among other disclosures, as part of their financial statements beginning April 1. New Crypto Disclosure Requirements The Indian Ministry...