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Author: James Wilson
Crypto reconciliation is a painstaking process crucial to audit companies that manage and verify crypto transactions across a diverse set of sources, including but not limited to exchange accounts, personal wallets, internal records, and DeFi protocols. As in the reconciliation process of traditional bank statements, crypto reconciliation ensures that all records are accurate and complete and do not contain discrepancies — rigid enough to keep up with the demands of financial integrity and compliance. Why is this crucial? Accurate accounting is the bedrock of any business dealing with crypto. Reconciliation helps prevent fraudulent activity, simplifies tax reporting, and provides valuable insights into an…
Societe Generale-FORGE, a subsidiary of Societe Generale Group and licensed investment firm, has deployed its euro-backed stablecoin on the Stellar network. With several stablecoin issuers getting regulatory approval to offer the Markets in Crypto Assets-compliant stablecoins in Europe, SG-FORGE announced it selected Stellar (XLM) blockchain network for its own launch. On Feb. 20, Societe Generale-FORGE said its multi-chain strategy takes flight with the deployment of the MiCA-compliant stablecoin EURCV CoinVertible on Stellar. The digital euro stablecoin will leverage Stellar’s fast, scalable and cost-effective network, with the overall benefit to users being the boost this product will give to the blockchain…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. RCO Finance’s beta platform is drawing thousands of users, with investors rushing to join its crypto presale. Investors are still captivated by the crypto space, and as new initiatives emerge, many are looking for ways to join these projects early. RCO Finance (RCOF) is one such project that is attracting attention. The recently released beta platform has contributed to the increased interest in RCO Finance. Thousands of new investors are rushing to use the platform and join the crypto…
Sam Bankman-Fried, the jailed FTX founder, proclaimed his innocence during a Feb. 18 interview at Manhattan Detention Center, conducted by AR Hoffman of The New York Sun. During three 15-minute talks, he insisted FTX was solvent in November 2022, saying, “There were enough assets to pay all customers back in full.” He blamed Sullivan & Cromwell for the collapse, adding, “The biggest mistake I made was backing down in November 2022.” Serving a 25-year fraud sentence, he accused Judge Kaplan of bias, stating, “Kaplan allowed the prosecution to tell the jury that everyone had lost all their money, but then…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A seasoned PEPE coin trader has identified Rexas Finance as the next crypto to surge, predicting up to 50,000% gains. The breakthrough asset tokenization project Rexas Finance (RXS) has real-world applications that make a Pepe (PEPE) trader believe the rising star might take over from PEPE and provide 5-figure returns. With its novel approach to real-world asset (RWA) tokenization, vibrant ecosystem, and significant institutional interest, Rexas Finance could be the next crypto boom. Rexas Finance: The crypto to take…
How did Kelsier, Jupiter, and Meteora allegedly use LIBRA’s liquidity to cash out at the top while everyday traders lost billions in the biggest Solana scandal since FTX? A sudden scandal On Feb. 14, what should have been just another day in the crypto markets turned into one of Solana’s (SOL) biggest scandals since the FTX (FTT) collapse. A newly minted meme coin, LIBRA, appeared out of nowhere and was suddenly at the center of a financial storm. Within minutes of its creation, Argentina’s President, Javier Milei, publicly endorsed it, triggering a frenzy. The price skyrocketed to a multi-billion dollar…
Kava has introduced a major update to Kava AI, incorporating a decentralized version of the DeepSeek model to streamline blockchain transactions. The update aims to remove complexities in cross-chain finance, allowing users to execute crypto operations through simple prompts instead of navigating multiple apps and wallets, according to a note shared with crypto.news. Kava AI is designed to facilitate on-chain transactions by processing user requests in natural language. Instead of manually bridging assets or swapping tokens, users can issue commands like “Move my tokens to another chain” or “Swap for a stablecoin,” and Kava AI executes the transactions. The system…
Ross Ulbricht, the infamous Silk Road creator, has called for Roger Ver’s release from detention following his arrest in Spain over alleged Bitcoin tax fraud. Ver was arrested in Spain following a U.S. Department of Justice indictment alleging the early Bitcoin (BTC) investor committed various tax violations worth $50 million. Federal prosecutors claim Ver underreported his Bitcoin gains and failed to file the correct tax returns. Ver, who renounced his U.S. citizenship in 2014, denied the charges and accused the U.S. of government overreach. “Roger Ver was there for me when I was down and needed help. Now Roger needs…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As concerns mount over PEPE’s 2025 stability, investors are eyeing Lightchain AI as the next potential 100x opportunity. Pepe (PEPE) has delivered impressive gains, but as 2025 progresses, concerns are rising about its long-term stability. Meme coins often struggle to sustain value, and investors are questioning whether PEPE could face a major downturn. As speculation grows, many are shifting their focus to Lightchain AI, an AI-driven blockchain project with strong fundamentals. With $16.1 million raised in its presale at…
Laser Digital, the digital assets subsidiary of Japanese financial services giant Nomura, has launched a new investment fund targeting institutional adoption of NEAR. The Laser Digital NEAR Adoption Fund will offer long-term exposure to NEAR (NEAR), the native token of the artificial intelligence-focused blockchain, NEAR Protocol. Laser launched a Bitcoin (BTC) adoption fund in Sept. 2023. According to Laser Digital, the new fund will be powered by TruStake, an institutional-grade staking solution developed by the crypto platform TruFin. The fund will allow ecosystem participants to engage in blockchain consensus and earn rewards from staking. Laser Digitalb CEO Jez Mohideen commented: …