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Tether- Is it Backed?

According to an Assurance Opinion Tether’s is alleged to be fully backed.   In its quarterly assurance opinion published today, Tether Holdings Limited not only details the composition of its reserves, but also explains the ratings and maturity of its commercial paper and certificates of deposit. The company reaffirms once again that its Consolidated Reserves Report contains […]

Opensea NFT Exchange Raises 100m

It is the latest company to cash in on a rush to fund cryptocurrency start-ups after raising $300 million in new venture capital, according to OpenSea, one of the most talked-about blockchain start-ups in Silicon Valley. Four years after the start-up was founded, it now has a valuation of $13.3 billion due to a new round […]

Crypto.com and the Lakers

The Staples Center will be renamed for Crypto.com next month in a $700 million deal for the naming rights. This is the home arena of the Los Angeles Lakers and WNBA’s Sparks. The deal, announced Tuesday night, links Crypto.com with Anschutz Entertainment Group, which owns the Staples Center and surrounding complex, L.A. Live. The downtown arena […]