According to the U.S. Securities and Exchange Commission’s Paul Munter, the company’s appearing chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) extra carefully. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter defined to the Wall Street Journal (WSJ) on Dec. 22. SEC Official Warns Investors Should Be ‘Wary’ of Proof-of-Reserve Audits and Crypto Exchange Claims U.S. regulators, and extra particularly the Securities and Exchange Commission (SEC), are trying extra carefully at proof-of-reserves (POR) lately following the collapse of FTX. Speaking with the WSJ on Thursday, SEC’s appearing
Bitcoin Magazine Morgan Stanley Plans To Offer Bitcoin And Crypto Trading To E-Trade Clients Bloomberg reports that the Wall Street giant is in the early stages of planning to add spot Bitcoin and crypto trading capabilities to its ETrade brokerage platform. The project aims to allow ETrade’s retail clients to…
Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India. According to a Reuters report,…