🚀 Euler Returns With Modular DeFi Lending Protocol After $197 Million Hack
#Euler #DeFi #lending #protocol #hack #customizable #vaults #audits
According to Odaily, Euler has re-entered the market with the launch of its Euler v2 modular DeFi lending protocol following a $197 million hack. The new protocol, which has undergone 31 audits, is now live and allows developers to create customizable lending vaults.#Euler #DeFi #lending #protocol #hack #customizable #vaults #audits
🚀 🔥 Binance Appoints Grant Thornton as Global Accounting and Tax Advisor 🔥
#Binance #GrantThornton #GlobalAccounting #TaxAdvisor #FinancialGovernance #Transparency #RegulatoryCompliance #IFRS #Audits #FinancialReporting #Cryptocurrency #AccountingProcesses
According to a recent Binance Blog post, Binance has appointed Grant Thornton Singapore as its global accounting and tax advisor. This move aims to enhance Binance’s financial governance and prepare the company for future audits of its global businesses. Grant Thornton will assist Binance in aligning its accounting practices with International Financial Reporting Standards (IFRS), further strengthening Binance’s commitment to transparency and regulatory compliance.In 2023, Binance entities completed 25 audits, all receiving an unqualified opinion, signifying accurate and fair financial statements. Grant Thornton will offer non-audit services, including technical accounting, financial reporting, and tax advisory, to ensure robust documentation of cryptocurrency and non-crypto-related transactions in accordance with IFRS.Kaiser Ng, Binance’s Senior Vice President of Finance, emphasized the significance of this partnership in enhancing Binance's accounting processes. Chetan Hans from Grant Thornton echoed this sentiment, stating that their collaboration will help Binance meet its goal of aligning with global financial standards and preparing for future audits.#Binance #GrantThornton #GlobalAccounting #TaxAdvisor #FinancialGovernance #Transparency #RegulatoryCompliance #IFRS #Audits #FinancialReporting #Cryptocurrency #AccountingProcesses
🚀 U.S. Commerce Secretary Nominee Stresses AI Leadership and Stablecoin Audits
#AI #Stablecoin #CommerceSecretary #ChipManufacturing #Audits #Leadership
According to PANews, U.S. President Donald Trump's nominee for Commerce Secretary, Lutnick, emphasized the importance of the United States leading in the field of artificial intelligence and establishing relevant standards. Additionally, Lutnick highlighted the necessity for stablecoin reserves to undergo audits. He also praised the chip manufacturing subsidy program but noted that investment in this area requires careful review.#AI #Stablecoin #CommerceSecretary #ChipManufacturing #Audits #Leadership
😁1
🚀 🔥 Binance Completes Over 120 Internal Investigations, Binance Co-founder Yi He Announces During Live Broadcast 🔥
#Binance #YiHe #InternalInvestigations #CryptoCommunity #Transparency #CoinListing #YZiLabs #Audits #EmployeeViolations #LegalActions
During a live broadcast at Binance Square, Yi He, alongside the YZi Labs team, addressed public concerns regarding Binance's coin listing processes and the operations of YZi Labs. The event, titled "The Melon Owners Collectively Appear to Face Doubts About YZi Labs' Investment and Binance's Coin Listing!" provided a platform for transparency and direct responses to the community's inquiries.Details of Internal Audits and ViolationsYi He disclosed that over the past two years, Binance's internal audit team has been vigorously active, conducting more than 120 investigations into various internal violations. These efforts have led to dismissing over 60 employees found in breach of company policies and recovering over US$30 million in illegal gains. The seriousness of these violations has also resulted in at least two ongoing lawsuits and prosecutions, highlighting the stringent measures Binance is taking to maintain its integrity and trust within the crypto community. #Binance #YiHe #InternalInvestigations #CryptoCommunity #Transparency #CoinListing #YZiLabs #Audits #EmployeeViolations #LegalActions
🚀 Elon Musk Criticizes Federal Reserve's Operations And Calls For Stricter Audits
#ElonMusk #FederalReserve #Criticism #MonetaryPolicy #Audits #Economy
According to Odaily, Elon Musk has once again directed criticism towards the Federal Reserve, labeling it as bloated and inefficient. On Monday, Musk took to social media platform X to share a post advocating for the dissolution of the Federal Reserve, commenting that the institution's staffing levels are excessively high.
Musk's discontent extends beyond staffing issues, as he also critiques the Federal Reserve's decision-making processes, particularly in relation to its monetary policy. While the Government Accountability Office (GAO) regularly conducts financial audits of the Federal Reserve, Musk argues for a more thorough examination of its policy decisions, especially those affecting interest rates. These decisions have a direct impact on the economy, and Musk believes that the Federal Reserve should be subject to external scrutiny beyond its internal framework.#ElonMusk #FederalReserve #Criticism #MonetaryPolicy #Audits #Economy
🚀 North Carolina Considers Bitcoin Allocation for Public Funds
#NorthCarolina #Bitcoin #PublicFunds #BitcoinReserveBill #SB327 #Cryptocurrency #FinancialManagement #AssetAllocation #ColdStorage #Audits #BTC
According to BlockBeats, North Carolina is evaluating a proposal under the Bitcoin Reserve Bill SB327, which would permit the state treasurer to allocate up to 10% of public funds to Bitcoin. The bill outlines specific measures for managing these assets, including the use of multi-signature cold storage for custody and monthly audits to ensure proof of reserves. Additionally, the bill stipulates that Bitcoin holdings can only be sold under strict conditions during severe financial crises. North Carolina's general fund currently holds $9.5 billion.#NorthCarolina #Bitcoin #PublicFunds #BitcoinReserveBill #SB327 #Cryptocurrency #FinancialManagement #AssetAllocation #ColdStorage #Audits #BTC
🚀 Circle CEO Anticipates Benefits from GENIUS Act Compliance
#Circle #GENIUSAct #JeremyAllaire #cryptocurrency #digitaldollar #financialsystem #regulatorycompliance #transparency #audits #innovation #USDC
According to BlockBeats, Circle CEO Jeremy Allaire expressed optimism about the company's prospects under the GENIUS Act, citing its consistent compliance history. Allaire stated that the legislation aligns with Circle's operational practices, which have earned trust from leading institutions due to its commitment to transparent audits and adherence to global regulatory standards.
Allaire believes the GENIUS Act will enhance Circle's growth opportunities as it transitions from offshore cryptocurrency trading to legitimate digital dollar currency, integrating into the mainstream financial system.
Despite the rivalry between Tether and Circle, their leaders rarely appear together. However, the signing ceremony for the GENIUS Act at the White House provided a unique occasion where U.S. President Donald Trump signed the act with Paolo Ardoino and Jeremy Allaire standing behind him.#Circle #GENIUSAct #JeremyAllaire #cryptocurrency #digitaldollar #financialsystem #regulatorycompliance #transparency #audits #innovation #USDC
🚀 U.S. Regulatory Bodies Clarify Compliance Guidelines for Crypto Assets
#USRegulatoryGuidelines #CryptoAssets #CryptoRegulation #OCC #SEC #FederalReserve #CryptoCustody #Stablecoins #StablecoinReserves #OneToOneReserves #Audits #TokenDisclosure #TokenIssuers #BusinessModels #SmartContracts #AML #InformationDisclosure
According to PANews, recent reports from CoinDesk indicate that U.S. regulatory agencies, including the Office of the Comptroller of the Currency (OCC), the Securities and Exchange Commission (SEC), and the Federal Reserve, have issued clear compliance guidelines for crypto asset custody, stablecoin reserves, and token information disclosure. These new regulations aim to establish clarity as a fundamental aspect of the industry's infrastructure.
The guidelines stipulate that banks must manage key controls, segregate customer assets, and adhere to anti-money laundering regulations. Stablecoins are required to maintain one-to-one reserves and undergo audits. Additionally, token issuers must disclose their business models and smart contract codes.
This emphasis on compliance and transparency is seen as a foundation for institutional expansion and trust, marking a shift in the industry from "enforcement regulation" to "information disclosure."#USRegulatoryGuidelines #CryptoAssets #CryptoRegulation #OCC #SEC #FederalReserve #CryptoCustody #Stablecoins #StablecoinReserves #OneToOneReserves #Audits #TokenDisclosure #TokenIssuers #BusinessModels #SmartContracts #AML #InformationDisclosure
👍1
🚀 Japanese Exchanges Explore Measures to Limit Corporate Cryptocurrency Hoarding
#Japan #Cryptocurrency #Exchanges #CorporateHoarding #Regulations #DigitalAssets #Audits
According to Foresight News, Japanese exchanges are investigating strategies to curb corporate accumulation of cryptocurrencies. The exchanges are considering various options, such as stricter application of reverse merger regulations and mandating new audits for companies. These measures aim to address concerns over the growing trend of businesses stockpiling digital assets.#Japan #Cryptocurrency #Exchanges #CorporateHoarding #Regulations #DigitalAssets #Audits
🚀 PMX Project Faces Delays in Response to Recent Cyberattack
#PMXProject #Cyberattack #ForesightNews #TGbot #PolyculeBot #Hacked #Loss #Patches #Audits #AccountRestoration
According to Foresight News, the prediction market TG bot project PMX has not yet responded following a reported attack on January 8. As of the time of reporting, affected users are still unable to withdraw funds, and the team has not provided any updates on the incident.
Previously, Foresight News reported that PMX announced via Twitter that its Polycule bot was hacked, resulting in a loss of approximately $230,000. The official statement indicated that patches and audits would be completed by the weekend. Until then, the bot will remain offline. Once operational, affected users' account balances will be restored to their pre-theft levels.#PMXProject #Cyberattack #ForesightNews #TGbot #PolyculeBot #Hacked #Loss #Patches #Audits #AccountRestoration
🚀 Jupiter Lend Concludes Beta Testing Phase
#JupiterLend #BetaTesting #Solana #MoneyMarket #Fluid #Audits #BlockBeats #Crypto #Blockchain #Vaults #AuditCompetition #Jup #FluidPartners #CryptoRewards #SOL #JUP
Jupiter announced on February 13 that Jupiter Lend has officially concluded its beta testing phase after six months of development and testing. According to BlockBeats, the platform now boasts 83,000 users and has undergone seven audits and one formal verification without any bad debts. Jupiter has launched a $107,000 audit competition for Jupiter Lend.
Jupiter describes Jupiter Lend as the most advanced money market on Solana, built on Fluid. The platform encompasses over 40 vaults and has received rewards valued at over $2 million from Jup, Fluid, and partners.#JupiterLend #BetaTesting #Solana #MoneyMarket #Fluid #Audits #BlockBeats #Crypto #Blockchain #Vaults #AuditCompetition #Jup #FluidPartners #CryptoRewards #SOL #JUP