Friedman, Former Tether’s Auditing Firm, Faces Over $1.6 In Penalty By SEC

Bitcoin and its crypto-cash counterparts are essentially trustless monetary systems that upend the banking establishment's ideals of how a financial system should operate. Intriguingly, the concept of digital money was predicted as far back as the late '90s. Milton Friedman was one of the most renowned economists of the 20th century and his ideas radically changed the way that policymakers made their decisions. Friedman foresaw that bitcoin, or something like it, could have great advantages and would inevitably be developed - much to the animosity of incumbent institutions in the financial....

The process was meant to ensure that customer information is handled properly by the company. Ledger, a crypto company providing a number of hardware wallet solutions, has obtained a successful System and Organization Controls, or SOC, Type 1 test.  Friedman LLP, a New York-based accounting firm, ran the SOC 2 Type 1 test on Ledger, according to a statement provided to Cointelegraph:"By obtaining the SOC 2 Type 1 report, we are now able to provide an additional layer of verified security to our clients, assuring that the Vault solution is secured at all times and that we have the processes....

Bitcoin represents more than a digital currency. For many adopters, it is a means of breaking free of government and financial institutions' control over money. The Seasteading Institute shares those ideals. Just as libertarians in the Bitcoin community see the currency as a way to get free of fiat and avoid the financial transaction roadblocks erected at national boundaries or through credit regulations, seasteaders put their hope into the idea of new, independent cities as a way to escape the stranglehold of government systems. Since April 2009, the Seasteading Institute has been working....

A Satirical Look at the Eerily Accurate Bitcoin Prediction Video Surfaces to Haunt Paul Krugman. In contrast to the article Paul Krugman wrote, an opinion piece titled Bitcoin is Evil, a video has surfaced on YouTube from Krugman's one time nemesis: the legendary economist Milton Friedman. The 94-year-old Friedman supposedly died in 2006. I explain why I say "supposedly" later. In the video which was filmed for a TV interview in 1999, the then 87-year-old Friedman clearly predicts the rise of bitcoin. You can view the short relevant clip of that video here. For those who don't know much....

Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman. Tether Holdings Limited, a company behind the world’s largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its reserves.In a statement shared on Twitter Tuesday, Tether provided the company’s Consolidated Reserves Report, or CRR, accompanied by an assurance report from accounting network Moore Cayman.Signed on March 26, the accountant’s report intends to prove the accuracy of....