Leading stablecoin issuer Tether has a revealed a breakdown of its reserves for the first time. The data provided does not mention any independent review by an accounting firm and shows the bulk of its reserves are in cash, cash equivalents, or short-term deposits.
Nasdaq-listed business intelligence firm MicroStrategy has disclosed a $15 million bitcoin purchase. It bought 271 BTC at an average price of $55,387 per coin when the crypto market was enduring a correction.
Coinbase’s first-quarter revenue more than tripled compared to the last quarter of 2020. According to documents filed with the U.S. Securities and Exchange Commission (SEC), Coinbase generated earnings per share of $3.05, and its total revenue was $1.8 billion.
Sponsored: Invictus Capital, the alternative investment firm offering a range of dollar-denominated backed blockchain-based investment funds, has so far offered investors unparalleled returns. In the last year the top-performing funds, Crypto20 and Crypto10 Hedged, have achieved an increase of 979% and 441% respectively, and the Invictus Margin Lending (IML) fund boasted an industry-leading performance of 20% APY.
Top stories in the Crypto Roundup today:
- Tether Reveals Breakdown of Its Reserves for the First Time
- MicroStrategy Adds Another $15 Million of Bitcoin to its Reserves
- Coinbase’s Revenue Tripled in The First Quarter
- Sponsored: Learn More About Invictus Capital's $10,000 Giveaway