The US government has stepped up its efforts to secure the release of Tigran Gambaryan, a senior Binance executive and former US law enforcement officer who has been detained in Nigeria since February 2024. Gambaryan is reportedly facing serious health issues due to inadequate medical care in prison.
Secretary of State Antony Blinken has discussed the case with his Nigerian counterpart, The New York Times reported, citing State Department sources. U.S. Ambassador to Nigeria Richard M. Mills Jr. has also requested Gambaryan’s release in private meetings with Nigeria’s president, finance minister, attorney general and trade minister.
This renewed diplomatic push comes after several interventions by US lawmakers. In June, House Foreign Affairs Committee Chairman Michael McCaul, along with Representative Rich McCormick and fourteen other Republican congressmen, sent a letter to President Joe Biden, Secretary Blinken, and Special Presidential Envoy Roger Carstens, requesting urgent measures to secure Gambaryan’s release.
Consumers’ Research Warns of Lack of Transparency in Tether Reserves, Comparing It to FTX’s Collapse
Consumer protection organization Consumers’ Research has published a critical report on stablecoin Tether, pointing to a worrying lack of transparency regarding its US dollar reserves. The group claims that Tether has not undergone a full audit by a reputable accounting firm, creating a significant risk for consumers.
The report warns that the situation could trigger an “impending disaster,” drawing parallels to the events that led to the collapse of FTX and Alameda Research. According to the group, Tether faces similar problems to those that precipitated the downfall of FTX and Celsius, highlighting that its marketing tactics are being described as misleading and deceptive.
Additionally, Consumers’ Research accuses Tether of maintaining business relationships with questionable entities and of not taking sufficient steps to prevent USDT from being used to circumvent international sanctions. In its effort to inform the public, the group has sent an open letter to US state governors, launched radio ads, and created a website detailing its concerns.
Bitcoin-con-la-compra-de-18-300-btc-por-mas-de-usd-1-000-millones”>MicroStrategy continues its Bitcoin bet with the purchase of 18,300 BTC for more than USD 1 billion
MicroStrategy, led by Michael Saylor, remains steadfast in its Bitcoin investment strategy. Between August 6 and September 12, the company acquired approximately 18,300 BTC, for a total investment of $1.11 billion, as detailed in the Form 8-K filed with the United States Securities and Exchange Commission (SEC). This purchase was made at an average price of $60,408 per Bitcoin, including fees and expenses.
MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we held 244,800 $BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin. $MSTR https://t.co/WBBRSKxA1U
— Michael Saylor⚡️ (@saylor) September 13, 2024
Since its foray into the Bitcoin market on August 11, 2020, MicroStrategy has steadily increased its holdings, which now total 244,800 BTC, valued at approximately $14.14 billion. The company has paid, on average, $38,585 for each Bitcoin, with a cumulative investment of close to $9.45 billion.
MicroStrategy’s aggressive strategy has generated both debate and praise in the financial sector, but the company shows no signs of slowing down.
Tokenization of real-world assets revolutionizes finance in 2024
Real-world asset (RWA) tokenization is transforming the financial landscape in 2024. From giants like BlackRock and Franklin Templeton to Web3 innovators, many have their eyes on this trend that brings stocks, bonds, and real estate to the Blockchain. The goal is to overcome traditional barriers such as information asymmetry and high transaction costs.
The tokenized asset market has grown rapidly, surpassing $12 billion, with over 62,000 holders, according to data from rwa.xyz. However, the path is not without challenges. Binance Research notes that the centralization of RWA protocols, due to strict regulations and the nature of physical assets, goes against the decentralized spirit of the blockchain.
Another challenge is the reliance on intermediaries for the custody of assets, which introduces vulnerabilities that the technology seeks to mitigate. In addition, the complexity of RWA tokens could generate excessive expectations and new risks for investors, given the novel nature of these assets.
Do you want to always be up to date with the world of cryptocurrencies? Subscribe now to CriptoTendencia’s WhatsApp channel! Here you will instantly receive the most relevant information about Bitcoin, Altcoins, DeFi, NFTs, Blockchain and the Metaverse.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.