Tether is looking to take back the stablecoin limelight, partnering with the Italian arm of "Big 5" accounting firm BDO.
| August 18, 2022 | August 18th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has traded sideways within the $23,000s over the last 24 hours, as volatility remains low. |
| Top-20 altcoins are somewhat stable, as Ethereum rises 2%, BNB falls less than 1% and the largest mover is once again Ethereum Classic, with a 5% advance. |
Top Stories for August 18, 2022 🔥 |
| Tether is looking to take back the stablecoin limelight, partnering with the Italian arm of "Big 5" accounting firm BDO to issue regular attestation reports on its reserves. |
| The companies began working together last month for quarterly attestation reports, with plans to transition to monthly attestations in the future. Tether also says it is seeking to go through "a complete audit" in the future, calling it a "priority" – however similar promises in the past have failed to come to fruition. |
| The hype over the potential Ethereum proof-of-work fork appears to be dying down, as both price and trading volume erodes quickly on exchanges. |
| BitMEX and Poloniex have both listed the fork token in some capacity before its release, with price falling from highs of around $140 to as little as $50. Trading volumes have also plummeted since the listings. |
| Ontario cryptocurrency exchanges Bitbuy and Newton are enforcing a new maximum purchase limit on most altcoins, placing a CAD$30,000 cap on total buys. The rules come after working with securities regulation authorities in the country. |
| The limit does not apply to Bitcoin, Ethereum, Bitcoin Cash, or Litecoin, however all other tokens offered by the platforms will be restricted under the new rules. |
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