Transparency – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 15 Sep 2025 06:36:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Transparency – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Coinbase publishes guide to crypto asset listing process to bolster transparency https://earlybirdsinvest.com/coinbase-publishes-guide-to-crypto-asset-listing-process-to-bolster-transparency/ https://earlybirdsinvest.com/coinbase-publishes-guide-to-crypto-asset-listing-process-to-bolster-transparency/#respond Mon, 15 Sep 2025 06:36:01 +0000 https://earlybirdsinvest.com/coinbase-publishes-guide-to-crypto-asset-listing-process-to-bolster-transparency/

Brian Armstrong, CEO of Coinbase, the third-largest crypto exchange in the world, published the exchange’s token listing process on Saturday. In an X post, Armstrong noted that the move aims to bolster transparency of Coinbase’s listing process. He wrote:

“…listings are free and merit-based. Every asset is evaluated against the same standards.”

How tokens are listed on Coinbase

According to the blog post titled ‘A Guide to the Digital Asset Listing Process at Coinbase,’ there are five key steps:

The first step involves submitting an application. Project developers have to fill an online questionnaire that asks for key information, from whitepaper and tokenomics to team background and source code.

Based on the submission, Coinbase assesses business factors, including market demand, community traction, and the technical requirements of integrating it with the exchange.

The application then goes through a thorough review process by the legal, compliance, and technical security team of Coinbase. From the legal perspective, Coinbase mainly analyses whether a token will potentially be considered a security.

The exchange also investigates the token’s on-chain activity and token distribution to ward off consumer safety risks and financial crime.

Additionally, the exchange also runs a security check for technical vulnerabilities by reviewing the contract code, design, and operational risks. In case of new blockchains, Coinbase evaluates aspects like technical design, consensus mechanism, network resilience, and governance model.

The exchange keeps the token issuers apprised of the review process via emails or phone calls. Once the token is approved by the Core review teams, it starts trading on Coinbase once the exchange completes technical integration.

The blog post notes:

“Our [listing] process is thorough because our standards are designed to protect customers, support healthy markets, and give projects the strongest possible foundation for long-term success.”

Token listing timeline and rollout

In general, Coinbase takes about a week to conduct due-diligence of a token. Once the token is approved, the exchange takes around two weeks for the technical integration to enable trading.

The post noted that in general, the exchange takes less than 30 days from review to list a token. However, the timeline can be significantly shorter or longer, based on factors such as the token’s complexity, whether its network is supported, the responsiveness of the project team, and the time it takes to complete the technical requirements for trading and custody.

Furthermore, listing priority and timeline also depends on Coinbase’s assessment of the token’s demand, traction among holders, community sentiment, and track-record of the team.

Coinbase also ensures that after a token is approved for listing, it is rolled out in a phased manner. First, Coinbase allows users to only deposit tokens to build liquidity.

Then, limit orders are collected for at least 10 minutes to determine an indicative opening price for the token. The auction concludes either with a matching trade or with an opening quote in case of no match.

This is followed by trading state, where the token can start with limit only orders or full trading.

Common hurdles and reasons for token listing delay

There are three major issues that contribute towards the delay of a token’s listing.

Firstly, the regulatory risk profile of a project increases if its public statements do not clearly state the token’s purpose, governance rights, and real-world usage. Projects that claim their token is ‘going to the moon’ without evidence to back the claim, for instance, face challenges with listing their token on Coinbase.

Secondly, from the blockchain security perspective, Coinbase evaluates the degree of centralization and single points of control to assess risk.

Lastly, projects that submit incomplete applications face delays in the review process. Failure to inform Coinbase of any major changes in the project during the review can also cause delays.

Mentioned in this article
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The US Department of Commerce selects Kraken as a partner in historic initiatives to increase transparency in economic data https://earlybirdsinvest.com/the-us-department-of-commerce-selects-kraken-as-a-partner-in-historic-initiatives-to-increase-transparency-in-economic-data/ https://earlybirdsinvest.com/the-us-department-of-commerce-selects-kraken-as-a-partner-in-historic-initiatives-to-increase-transparency-in-economic-data/#respond Fri, 29 Aug 2025 04:21:03 +0000 https://earlybirdsinvest.com/the-us-department-of-commerce-selects-kraken-as-a-partner-in-historic-initiatives-to-increase-transparency-in-economic-data/

Kraken was chosen by the US Department of Commerce to promote the groundbreaking initiative announced this morning by President Donald Trump and Secretary Howard Rutnick. This initiative, distributing US Gross Domestic Product (GDP) data on nine major public blockchains, marks milestones in the use of blockchain technology to increase transparency in economic data.

As part of this historic effort, Kraken has installed the Department of Commerce as a client, helping to procure cryptocurrencies such as Bitcoin (BTC), Ethereum (Eth), Solana (Sol), Avalanche (Avax), Stellar (XLM), Polygon (Pol), and Tron (TRON (POL)).

By recording an on-chain hash of this critical economic information, the Department of Commerce ensures that US GDP data is verifiable, tampered and globally accessible. This sets new standards for transparency in government reporting.

“This is a groundbreaking moment for both our industry and our country,” said Arjun Sethi, Kraken Co-CEO. “We praise President Trump and Secretary Lutnick for their vision to realize this initiative and are honored to play a role in its implementation. By leveraging blockchain technology to distribute GDP data, the US is setting up a global example of how transparency, trust and innovation can progress.”

“Today’s announcement is a powerful example of how governments and industries can work together to promote innovation across the global economy,” said Jonathan Jacyhm, head of Kraken’s global policy and government relations. “The message is clear: Blockchain technology is becoming more and more present than just the future of financial infrastructure.”

The initiative reflects the Trump administration’s broader commitment to integrating blockchain technology into key government functions and strengthening the US’s position as a global leader in digital innovation. It also uses public blockchains to mark milestones in the G7 economy to spread official economic statistics.

Kraken is still committed to providing safe, reliable and efficient services to support the Department of Commerce for this project and future initiatives.

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Kraken releases the latest backup proof and continues our commitment to trusting through transparency https://earlybirdsinvest.com/kraken-releases-the-latest-backup-proof-and-continues-our-commitment-to-trusting-through-transparency/ https://earlybirdsinvest.com/kraken-releases-the-latest-backup-proof-and-continues-our-commitment-to-trusting-through-transparency/#respond Thu, 31 Jul 2025 05:25:52 +0000 https://earlybirdsinvest.com/kraken-releases-the-latest-backup-proof-and-continues-our-commitment-to-trusting-through-transparency/

At Kraken, transparency is not a slogan. That’s standard. Our latest news Preliminary Proof (POR) AuditIt was completed at that point June 30, 2025Again, make sure that the client assets held on the platform are backed up to 1:1 or later. This process includes the main crypto assets BTC, ETH, SOL, USDC, USDT, XRP, ADA.

We don’t expect blind trust. We don’t need it. Provides evidence of encryption.

Is it your first time with POR? Learn how it works in a beginner’s guide.

The June 2025 report shows

Our POR Audit captures a complete snapshot of client assets across all services, not just spot balance. Included Margin accounts, futures holdings, and betting assetsIt provides a full spectrum view of customer exposure.

Reserve ratios as of June 30, 2025

A simple review – What is a proof of preparation?

Proof of reserves is a encryption process that allows the client to independently and personally verify that the assets are contained in a third-party audited snapshot of the platform’s liability.

Use a Markle Tree Combine individual balances into a single cryptographic hash. Client receives a Personalized Markle Proofcan be used to confirm inclusion without revealing personal details. An independent auditor then checks Kraken’s Onchain Holdings exceeds the total client balance – Effectively test your complete preparation without assumptions.

Why is Kraken’s POR going even further?

Nowadays, more exchanges offer some form of “pole” offering, but not all of them offer the same level of rigor or transparency. This is what sets us apart:

1. Consider not only assets but also liabilities

Some platforms show what they have, but skip what they owe. Included Client’s Total Debt With all audits. Below that is not complete evidence of reserves.

2. User-Level Verification

All clients can Check your own inclusion Use the open source Merkle Verification Tool. This is not just about trust, it is about verification.

3. Ten Year Consistency

First I developed POR 2014 – And we haven’t stopped. Kraken will implement for Regular and orderlyit’s not just the news cycle.

POR is essential. It’s not about promises. That’s about evidence – Visible, encryption, and proof of third-party verification. Kraken’s process is built to withstand scrutiny and provide information to users.

What’s next – Enlarge scope

We are committed to publishing Pors quarterin addition to our financial disclosures, we also ensure that users have a normal window in our platform solvency. We are also actively working to expand and include our pole coverage. More supported assetsgives us a broader view of the reserves throughout our ecosystem.

From the beginning, Kraken was a supporter. Accountability, Independence, Cryptographic Primary Values. I believe transparency should be an industry norm, not an afterthought. So we keep raising the bar.

Ready to verify your account? Please visit the spare proof portal.

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Blockchain’s Role in Enhancing Supply Chain Transparency in 2025 https://earlybirdsinvest.com/blockchains-role-in-enhancing-supply-chain-transparency-in-2025/ https://earlybirdsinvest.com/blockchains-role-in-enhancing-supply-chain-transparency-in-2025/#respond Wed, 25 Jun 2025 13:03:24 +0000 https://earlybirdsinvest.com/blockchains-role-in-enhancing-supply-chain-transparency-in-2025/

In the globalized era, global businesses rely on their supply chain networks to function and cater to the needs of their audience. The Covid 19 pandemic showed businesses that they need to strengthen their supply chain networks so that they can promptly respond to the needs of their customers. In the absence of well-functional supply chain networks, businesses may lag behind their competitors. The emergence of Blockchain technology has been revolutionary in the context of supply chain management. By incorporating the novel technology, businesses have the opportunity to boost the level of trust and transparency within their blockchain networks. The strategic use of blockchain in the supply chain can increase trade volume by 15 % and the gross domestic product (GDP) of the USA by 5 %.

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An Insight into Supply Chain Management

Almost every business entity relies on third-party vendors or manufacturers for diverse purposes. Typically, businesses depend on these external parties for diverse products or components. They use these components while developing the final product that is offered to the end users. Thus, the role of the supply chain network is pivotal for businesses. In fact, in the absence of a well-functional supply chain network, businesses may not be able to carry out their operations in a smooth way.

The COVID-19 pandemic has been an eye-opener for businesses across diverse industries and sectors. It has shed light on the need for a robust and transparent supply chain network. During the pandemic, many businesses that were unable to promptly meet the needs of their customers perished. Thus, in highly competitive and uncertain times, businesses need to strengthen their supply chain management so that they can prevent delays in the delivery of their offerings.

It is high time to address the issue relating to the poor state of the conventional supply chain. This is when blockchain in supply chain management comes into the picture. Innovative digital technology has the potential to transform supply chain operations by eliminating existing inefficiencies and gaps.

Dive deep into how blockchain revolutionizes supply chains, driving transparency, efficiency, and new value creation with the Enterprise Blockchains and Supply Chain Management Course.

Role of Blockchain in Supply Chain

Blockchain technology refers to a distributed and decentralized ledger system that maintains records of transactions across a network of computer systems. It acts as a highly secure and transparent way of maintaining transaction records without the possibility of manipulation. Within a short span of time, Blockchain technology has shown immense potential across diverse domains.

Initially, the specific technology was developed so that it could support digital currencies or cryptocurrencies. However, with the passage of time, the application of blockchain technology has expanded considerably. Today, Blockchain has evolved into a novel tool that businesses across various industries can use to boost the transparency in their chain networks.

One might be wondering – ‘What is the role of blockchain in supply chain transparency?’ The answer is quite straightforward. By incorporating blockchain into supply chain operations, businesses can make their supply chain operations visible. As a result, the possibility of fraud or malpractice can be curbed, and the level of trust can improve. The benefits of blockchain in the supply chain are immense for modern businesses.

The Need for Transparency in Supply Chain Networks

Supply chains have become highly complex in the current times. The involvement of a wide range of participants across diverse nations and time zones adds to the complexities. As a result, the need for transparency in the supply chain networks of businesses is non-negotiable. It is essential for businesses across various sectors to prioritize the transparency aspect. By maintaining transparency, it is possible to boost efficiency, increase accountability, and strengthen trust.

It is possible for businesses to improve the transparency in their supply chain by adopting blockchain technology. A common blockchain in the supply chain example is food or medicine traceability. With the help of blockchain, businesses operating in the food or pharmaceutical industry can ensure that they can trace their products back to the source. The good news for business entities is that the benefits of blockchain in the supply chain are not just limited to transparency.

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Key Benefits of Blockchain in Managing Supply Chain

Today, Blockchain serves as the ultimate solution that can help global businesses manage their operations in an efficient and effective manner. In order to understand how value is created due to blockchain in supply chain management, one must understand how this chain works. It involves a network of entities or participants that add value to a service or product before it reaches the end customers.

As the supply chain involves a series of transactions, blockchain technology can give rise to benefits in diverse ways. The key benefits of blockchain in managing the supply chain include:

The transparency feature, which is ingrained in blockchain technology, makes it highly secure in nature. It improves traceability across all stages of the supply chain. Thus, businesses are in a position to identify discrepancies. As a result, by deploying blockchain into supply chain networks, organizations can rest assured about security along with data integrity.

In the prevailing business world, organizations need to have real-time visibility of their supply chain operations. This becomes important, especially when businesses deal with goods or commodities that are perishable in nature. It increases the relevance of blockchain in supply chain transparency. With the help of blockchain technology, retailers can have a proper view of their supply chain. Moreover, they can identify bottlenecks and instantly address them to strengthen supply chain management.

  • Better regulatory compliance 

Businesses that operate today need to comply with a broad range of rules and regulations. As a majority of businesses operate globally, their regulatory landscape is full of complexity. Since blockchain plays a key role in ensuring supply chain transparency, businesses can avoid overstocking or understocking goods, thereby ensuring quality. A common Blockchain in supply chain example involves pharmaceutical companies. These companies capitalize on blockchain, which helps them to comply with the necessary regulatory requirements.

  • Improved traceability within the supply chain 

The adoption of blockchain technology plays an important role in boosting traceability within the supply chain. It enables efficient ownership along with licensing. The standardized and transparent procedures make sure that the verification of past ownership is possible. Thus, while answering the question – ‘What is the role of blockchain in supply chain transparency?’ One must focus on the traceability aspect.

  • Higher operational efficiency 

The strategic importance of blockchain in supply chain transparency is evident when it comes to operational efficiency. Blockchain has the potential to boost operational efficiency by streamlining the processes as well as practices within the network. Moreover, it decreases dependence on manual processes by promoting automation. All the parties involved in the supply chain are able to access the supply chain operations on a real-time basis due to the creation of a single shared ledger. Thus, the chances of unnecessary delays or miscommunication are reduced significantly, thereby boosting efficiency.

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Future of Blockchain in Supply Chain Transparency

Even though blockchain is a relatively new technology, it has immense promise. Within a short span of time, its adoption has expanded rapidly. Today, the presence of blockchain has become quite common across diverse industries.

The role of blockchain in supply chain transparency is critical. It has emerged as a transformative technology that empowers businesses to have a better degree of control over their end-to-end operations. In the rapidly evolving business landscape, the importance of blockchain is likely to further increase. This is because more businesses may adopt novel technological solutions to keep track of their goods. As technology is advancing rapidly, the relevance of blockchain may further increase in managing supply chain networks.

Final Words

In the contemporary business environment, one cannot ignore the role of blockchain in supply chain transparency. Advanced digital technology plays an instrumental role and helps businesses manage their supply chain networks in an efficient manner. Due to the unique features of blockchain technology, it is considered to be a boon for modern businesses. By deploying blockchain within supply chain networks in a strategic manner, there is an opportunity to streamline the supply chain processes.

In the highly dynamic and competitive business setting, blockchain can act as a source of competitive advantage for businesses. By adopting innovative technology, businesses can make their network more transparent in nature. Additionally, they can derive a wide range of benefits, such as high security, real-time visibility, and better regulatory compliance.

Furthermore, the high transparency in supply chain management can improve the traceability dimension within the supply chain. Therefore, businesses that function in the modern era must certainly consider integrating blockchain into their supply chain to boost transparency and enhance overall efficiency. 

Advance your Career with Blockchain & Web3 Skills

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Kraken completes the latest spare proof and raises the bar for transparency in the crypto platform https://earlybirdsinvest.com/kraken-completes-the-latest-spare-proof-and-raises-the-bar-for-transparency-in-the-crypto-platform/ https://earlybirdsinvest.com/kraken-completes-the-latest-spare-proof-and-raises-the-bar-for-transparency-in-the-crypto-platform/#respond Wed, 07 May 2025 19:01:24 +0000 https://earlybirdsinvest.com/kraken-completes-the-latest-spare-proof-and-raises-the-bar-for-transparency-in-the-crypto-platform/

We are proud to reaffirm our industry’s leadership in transparency with our latest Proof of Readiness (POR), completed as of March 31, 2025, including client holdings for BTC, ETH, SOL, USDC, USDT, XRP, and first time ADA. This rigorous verification process Make sure you have enough assets to fully back up your client’s balance. We don’t just ask you to trust us – we ask you to encrypt our custody of your encryption.

If you’re not used to POR, what is proof of a reserve? A guide blog post for beginners.

Our latest POR Bitcoin Reserve Results: 114.9% coverage

With the latest POR, we have confirmed that we are holding 192,091.25 BTC In our wallet, customers balance by total 167,188.68 BTC. This allows Reserve ratio of 114.9%meaning it holds nearly 15% Bitcoin than it owe it to users.

POR doesn’t just include spot holdings. It also includes margin positions, futures balances and even betting assets. This overall approach ensures that all kinds of customer exposures are considered. There are also other ways our POR methods continue to set industry standards.

What is POR?

POR is a cryptographic process that allows you to publicly demonstrate that cryptocurrency exchanges hold full user assets. Kraken uses a Markle Tree – Encrypted data structures that compile all user balances into a single root hash – Allow users to ensure that a specific balance is included without compromising personal privacy. The third party will confirm that the exchange’s on-chine holdings are at the total client balance or equal or greater than the same. This helps us to make sure we are not working with fractional reserves.

Not all poles are created equally

Many exchanges now offer what they call POR in one way or another, but our approach stands out in several important ways.

  • Includes full responsibility
    Not only does it showcase assets, it also discloses client liabilities. Many platforms omit this important half of the equation, which can give a misleading impression of solvency.
  • User-Level Verification Tool
    Users can independently verify that their balance is included in the POR process via Merkle Tree Proofs. This additional transparency builds trust and accountability.
  • Consistent and continuous transparency
    POR is not treated as a one-time PR exercise. After pioneering the process in 2014, we do it regularly to ensure consistent visibility into how users manage their platform’s funds.

Because “taking our words” is not enough

After some notable crypto exchange breakdowns, FTX-clients in particular need to demand transparency and accountability. POR provides a clear and verifiable way to prove that client assets are secure and fully described.

Our high reserve ratios and user-verified methodology provide a direct response to this need. It’s not just that funds are safe. Almost every exchange that has failed so far promises that clients’ funds are safe. It’s about proving it: encryption, independent, periodically.

More evidence, more frequently: Move to quarterly pocadence

Going forward, we are committed to releasing POR quarters along with previous financial results to provide even more frequent transparency. Additionally, we are working to expand the scope of our future poles to include a wider range of supported assets, further strengthening our commitment to accountability across the platform.

Since 2014, we have been the leader in setting and procuring POR standards for crypto holders seeking a reliable exchange of future prospects.

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Falcon Finance Launches Transparency Page https://earlybirdsinvest.com/falcon-finance-launches-transparency-page/ https://earlybirdsinvest.com/falcon-finance-launches-transparency-page/#respond Tue, 29 Apr 2025 13:24:26 +0000 https://earlybirdsinvest.com/falcon-finance-launches-transparency-page/

April 29th, 2025 – Dubai, UAE


class=”ql-align-justify”>Falcon Finance, a next-generation synthetic dollar, has officially launched its Transparency Page, providing users with clear visibility into the core metrics backing USDf, its overcollateralized synthetic dollar.

The dashboard offers real-time updates on key protocol metrics, reinforcing Falcon Finance’s commitment to transparency, operational security, and long-term user trust.

The transparency dashboard real-time metrics includes:

  • Total Reserves
  • Protocol Backing Ratio
  • Reserves with Third-party Custodians 
  • Reserves with Centralised Exchanges 
  • On-chain Reserves in Liquidity Pools 
  • On-chain Reserves in Staking Pools

The reserves breakdown details the distribution of backing assets across third-party custodians, centralized exchanges, liquidity pools and staking pools. Falcon Finance safeguards the majority of its reserves through multi-party computation (MPC) wallets via integrations with Fireblocks and Ceffu. Assets remain securely stored within off-exchange settlement accounts, while trading activities are mirrored on centralized exchanges such as Binance and Bybit. This structure significantly reduces centralized counterparty risk and reinforces Falcon Finance’s focus on asset protection.  

To support strategy and trade execution, a limited portion of assets is allocated directly to Binance and Bybit. However, the majority of assets remain securely stored within Falcon Finance’s designated custodian accounts, maintaining rigorous standards for risk mitigation and asset integrity. 

In addition to centralized reserves allocation, Falcon Finance strategically deploys its reserves into on-chain liquidity pools and staking pools to expand its ability to capture yield opportunities without compromising security standards.

An important feature of the Transparency Page is the Attestation section, where users can access Falcon Finance’s third-party audit reports and quarterly Proof of Reserves statements. Current reports include audits conducted by Zellic (March 2025) and Pashov Audit Group (February 2025). Falcon Finance has committed to publishing updated third-party Proof of Reserves reports on a quarterly basis, with the next report scheduled for the end of the second quarter.

“Falcon Finance is committed to building systems that users can rely on, even in volatile markets. Our Transparency Page is part of our broader effort to ensure security, resilience, and transparency at every level.” said Andrei Grachev, Managing Partner of Falcon Finance. 

Falcon Finance continues to show strong growth momentum. Since the start of its closed beta phase, the protocol has attracted over 200 million dollars in total value locked. Falcon enables users to mint USDf by depositing a broad range of supported assets, including stablecoins such as USDC and USDT, and non-stablecoin assets such as Bitcoin, Ethereum, Solana, and TON. The launch of the Transparency Page marks an important step in providing verifiable assurance that every USDf minted is fully backed by collateral of equal or greater value.

About

Falcon Finance is a next-generation synthetic dollar protocol designed to provide sustainable and competitive yield generation in all market conditions. Built on institutional-grade risk frameworks with a foundation of transparency, Falcon Finance sets a new benchmark for synthetic assets in decentralized finance.

Website | X.com | Discord

Contact

Managing Partner
Andrei Grachev
Falcon Finance
press@falcon.finance

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The Kraken OTC will lower the trade minimum to $50,000. Provides greater access and greater transparency https://earlybirdsinvest.com/the-kraken-otc-will-lower-the-trade-minimum-to-50000-provides-greater-access-and-greater-transparency/ https://earlybirdsinvest.com/the-kraken-otc-will-lower-the-trade-minimum-to-50000-provides-greater-access-and-greater-transparency/#respond Wed, 12 Mar 2025 04:47:14 +0000 https://earlybirdsinvest.com/the-kraken-otc-will-lower-the-trade-minimum-to-50000-provides-greater-access-and-greater-transparency/

Lowest minimum trade scale makes flexible transactions more flexible

OTC clients can now trade from a minimum of $50,000, allowing them to expand access to deep liquidity without compromising execution quality. Even if you are considering optimizing capital deployments or running more accurately, this update gives you the flexibility to trade in a priority size.

OTC trading is available in chat for premium, personalized services, or Quote-for-Quote (RFQ) for instant automated trading.

Chat trading allows clients to securely connect with their trading desks to see assets, lot sizes and prices while benefiting from the start-to-run white glove service.

With RFQ you can receive a viable quote in seconds without having to trade. It accepts only the quotes you want to execute. Enjoy unlimited quotes and solve them quickly. Or choose a flexible settlement to trade now and settle later.

RFQ is available on the Kraken Pro, the Kraken Pro app and Kraken Custody.

Improved trade visibility for better reporting

It’s now easier to track, adjust and report OTC transactions. New trade history updates include:

  • Clearer trade ratings: The new USD value column for OTC Trade Export makes it easy to track trades from simple crypto to crypto.
  • Unified Trade History: OTC and PRO trade history has been integrated for improved visibility. Export OTC transactions from the Documents area in Pro Settings or from the OTC Portal Trade History.
  • Strengthening fund tracking: The new “fund source” and “destination” views show how the funds were generated and where the revenues were sent; Internal forwarding, On-chain or Wire.

With Kraken OTC, you can access deep liquidity for tougher spreads on transactions over $50,000. Are you not a Kraken OTC client yet? Private clients can inquire here, and retailers can inquire here.

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FDIC Still Resisting Transparency Into Operation Choke Point 2.0, Says Coinbase Chief Legal Officer Paul Grewal https://earlybirdsinvest.com/fdic-still-resisting-transparency-into-operation-choke-point-2-0-says-coinbase-chief-legal-officer-paul-grewal/ https://earlybirdsinvest.com/fdic-still-resisting-transparency-into-operation-choke-point-2-0-says-coinbase-chief-legal-officer-paul-grewal/#respond Tue, 11 Mar 2025 15:06:52 +0000 https://earlybirdsinvest.com/fdic-still-resisting-transparency-into-operation-choke-point-2-0-says-coinbase-chief-legal-officer-paul-grewal/

The U.S. Federal Deposit Insurance Corporation (FDIC) continues to “resist” transparency efforts regarding alleged past attempts to quash the crypto sector, according to Coinbase chief legal officer Paul Grewal.

Grewal references “Operation Choke Point 2.0,” an alleged attempt by the Biden Administration government regulators to stifle the crypto industry.

Coinbase has been using the Freedom of Information Act (FOIA) to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but Grewal says they are not fully complying.

The exchange hired the law firm History Associates, which filed a motion in January asking a federal court to intervene.

Explains Grewal,

“One of our requests concerns FDIC’s representation in a hearing before the Court that the agency had conducted “due diligence” to ensure that no documents were destroyed. We asked FDIC to describe what example that due diligence was. But FDIC has repeatedly refused to do so, and now takes umbrage at the request to explain the basis of its assertion to the Court.

In response to our requests for FDIC guidance or policies on processing FOIA requests—directly relevant to our policy-or-practice claims—the agency has produced only snippets from a few documents that have little to nothing to do with the specific FOIA policies or practices that History Associates has challenged in its amended complaint. What exactly are they hiding?”

Last month, the FDIC released redacted documents related to its supervision of crypto-related activities, which include pause letters sent to 24 banks as well as communications and records involving other regulated institutions.

House Oversight Committee Chairman James Comer (R-KY) subsequently sent a letter to FDIC Acting Chairman Travis Hill requesting unredacted copies of the documents.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Tether Takes ‘Historic’ Step Towards Transparency With Full Audit and New CFO Appointee https://earlybirdsinvest.com/tether-takes-historic-step-towards-transparency-with-full-audit-and-new-cfo-appointee/ https://earlybirdsinvest.com/tether-takes-historic-step-towards-transparency-with-full-audit-and-new-cfo-appointee/#respond Wed, 05 Mar 2025 18:52:12 +0000 https://earlybirdsinvest.com/tether-takes-historic-step-towards-transparency-with-full-audit-and-new-cfo-appointee/

The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit.

The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap.

McWilliams will lead the stablecoin issuer toward a full audit and “spearhead Tether’s further commitment to transparency and regulatory readiness,” according to a press release from the firm.

Tether didn’t provide a timeline for the audit. The firm already releases quarterly attestation reports with the accounting giant BDO, but it says a full audit will “ensure greater financial integrity and verification of reserves.”

The stablecoin issuer has dealt with regulatory issues recently, including failing to gain compliance with the European Union’s new Markets in Crypto Assets (MiCA) regulations, which has led to crypto exchanges delisting USDT in Europe.

MiCA establishes rules covering the supervision, consumer protection and environmental safeguards of crypto assets.

The regulatory framework includes measures that aim to reduce financial crimes, including market manipulation, money laundering and terrorist financing. It also places stablecoin issuers under the European Banking Authority and requires them to hold sufficient liquid reserves.

McWilliams replaces former CFO Giancarlo Devasini, who will now serve as Tether’s “Chairman of the Group.”

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