Tether commercial paper exposure now under $50M — CTO

Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by USD.

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Paraguay Vetoes Bill to Regulate Crypto Mining Due To High Energy Consumption

The presidential decree rejects the mining of Bitcoin (BTC) and other cryptocurrencies, considering that it is not an industrial activity that generates little employment and consumes a lot of electricity.

Continue reading Paraguay Vetoes Bill to Regulate Crypto Mining Due To High Energy Consumption at DailyCoin.com.

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Tether Taps BDO Global for Attestation of Reserve

Tether Holdings Ltd, the firm known for the issuance of the world’s largest stablecoin, USDT has tapped the Italian branch of Binder Dijker Otte (BDO), the fifth biggest public accounting firm to help in the handling of its assurance and attestation processes (Read More)

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Sen. Poe: BSP Must Publicize Sanctions to BDO, UnionBank

The senator added that bank depositors expect full accountability and recompense for damages and losses incurred.

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BSP to Impose Sanctions on BDO and UnionBank over 2021 Hacking Incident

UnionBank also added that “there were no monetary penalties” and that all the recommendations of the BSP to avoid similar incidents had been implemented.

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BDO Itinangging Binago Nila Ang Kanilang Online Banking Terms Dahil sa ‘Nagoyo’ Scam

Itinatanggi ng BDO na kanilang binago ang kanilang mga 'terms' at sinabi rin nila na "walang nadagdag na clause nang dahil sa nakaraang insidente.

The post BDO Itinangging Binago Nila Ang Kanilang Online Banking Terms Dahil sa ‘Nagoyo’ Scam appeared first on BitPinas.

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BSP Reminds Banks to Treat Customers Fairly

Further, the memo pointed out that banks are required to exercise a “high degree of diligence” as jurisprudence charges banks with the “obligation to treat their client’s account with the highest degree of care.”

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Veteran Columnist: Does UnionBank have weak KYC?

UnionBank was recently involved with the “Nagoyo” scam where BDO accounts were hacked by a scammer named “Mark D. Nagoyo”, who has multiple UnionBank accounts, the cybercriminal stole up to P25,000 thousand to P50,000 pesos per account.

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BDO Denies Changing Online Banking Terms Due to ‘Nagoyo’ Scam

BDO has denied changing its terms and conditions for online banking stating that these have long been in place.

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Crypto Community Reacted to BDO Hacking Incident

In a statement, BDO acknowledged the "sophisticated fraud technique" and assured their account holders that they have already implemented additional security measures. Furthermore, the bank said it will reimburse their customers’ losses.

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Credit Card Fees for Crypto Transactions in the Philippines

This is the list of banks and their corresponding credit card fees when buying crypto through credit cards in the Philippines.

The post Credit Card Fees for Crypto Transactions in the Philippines appeared first on BitPinas.

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Dogecoin Foundations 2024 Vision: LibDogecoin 0.1.3 Update And Beyond

Once again, the­ Dogecoin Foundation is causing a stir in the crypto world. It rece­ntly announced the LibDogecoin update­ 0.1.3. In addition, they rolled out many more plans and e­fforts for 2024. Ed Tubbs, a senior software engineer at the­ Foundation, shared what’s in store for the upcoming ye­ar via the latest blog post. The […]

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ArbDoge.AI Unveils Pricing Details for Truth AIDOGE NFT Collection

ArbDoge.AI, a prominent player in the NFT space, has provided some insight into the pricing structure for their highly anticipated

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Tether has $1.5B in Bitcoin reserves: BDO Italia

The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

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BDO Joins CBDC Pilot Study for US – PH Remittance

Discover how digital currencies may transform cross-border payments, making them faster and more efficient, thanks to this study by the Digital Dollar Project, Western Union, Accenture, and Philippine bank BDO.

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Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether

A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said address does indeed belong to Tether. Research Analyst and Unknown Source Link $1.6 Billion [...]

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