Kraken on Thursday announced the results of a proof-of-reserves audit showing the crypto exchange held $19 billion in bitcoin and ether. Other crypto assets were not included in the audit. Accounting firm Armanino completed the independent audit on Dec. 31, 2021, a Kraken representative told CoinDesk. A culmination of “years” of work, said Chief Product […]

Russian Minister of Finance Anton Siluanov reiterated the ministry’s stance on regulating rather than banning crypto, and suggested legalizing cryptocurrency trading through banks, Russian newspaper Kommersant said, citing a letter Siluanov sent to Prime Minister Mikhail Mishustin on Wednesday. In contrast to the Bank of Russia, which advocates a ban on crypto, Siluanov suggests banks […]

A number of crypto miners in Texas are already shutting down some or all their operations, as the region awaits an Arctic blast that is likely to test the state’s power grid this week. The miners, many of whom flocked to the state in recent months to take advantage of Texas’s low energy costs, say […]

Meta Platforms lost $10.2 billion in 2021 on its newly created Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations, according to its fourth-quarter earnings report. Meta announced in the third quarter it would be breaking out results for the division for the first time to show the performance and investments […]

The Indian government may be seeking to define just what is or is not a non-fungible token (NFT). Indian Finance Minister Nirmala Sitharaman announced the nation’s budget on Tuesday, revealing it will tax digital assets at a 30% rate. A different section, however, is raising more alarm within the crypto industry. The section in question […]