Features Crypto News by Thebittimes.Com

According to Tether’s new boss, the firm plans to bring the long-awaited update in the coming year. Stablecoin issuer Tether is set to start publishing real-time data on its reserves , a question that has been bothering the crypto community for years. In an interview with Bloomberg, Paolo Ardoino, Tether’s newly appointed chief executive, said the firm plans to disclose its reserves in 2024. However, no specific date was mentioned. Ardoino added that Tether wants to double down on tech investment and is talking with regulators about expanding into the renewable energy business. In mid-September 2023, Tether launched the testing phase for Moria, the company’s Bitcoin mining platform based on a system with a peer-to-peer (P2P) approach. As crypto.news reported, Moria is constructed on Tether’s proprietary Holepunch technology to change the communication within the Bitcoin mining ecosystem. You might also like: Tether has frozen 32 addresses linked to illicit ac...

Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors. With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are working to establish the structures and controls that are most effective for particular markets and offerings. Self-custody, exchange wallets and third-party custodians are the various choices available for users to safeguard their cryptocurrencies. Custodians in the world of digital assets function similarly to traditional financial markets in that their primary duty is to take care of and protect their clients’ assets by holding the private key on behalf of the asset holder, preventing unauthorized access.  However, despite such efforts, events such as the collapse of FTX (a cryptocur...