The crypto industry is facing scrutiny by governments all over the world and many institutional investors, as well as B2B businesses, are seeming to watch their steps carefully and some are also stopping services for crypto industries. And NFT, Non-Fungible Tokens are back in the news after Former US President Donald Trump announced his card collection.
1. Tether Associated Accounting BDO Reconsidering Their Work
Tether is always been in the area of doubt since its inception and many of these theories slowed down a bit after the reserves report provided by the third-party firm called BDO. But recently, Mazars one of the audit firms that is involved with the auditing reserves of top crypto exchanges like Binance, Kucoin, and others has paused their services for the crypto industry. Following the Mazars path, BDO has also announced that they are ‘evaluating’ their work. This announcement came from the BDO international spokesperson:
In common with several other professional service firms, we are currently evaluating our approach to this sector and the work we undertake for our clients.
After the news came out, the people stormed Twitter and the rumors of Tether’s insolvency started to flow. Apart from the Tether story, it is important to see the traditional firms distancing themselves from the crypto projects, is this some sort of indication? Is something worst coming? We will find out that in the upcoming months! But note one thing, governments and institutions can’t take your crypto if they are in your custody so take them into your custody.
2. Donald Trump Cards Collection Sold Out: Raised Over $4 Million
On Thursday, Donald Trump Former US President and 2024 Presidential candidate announced the NFT collection based on his life. And considering the fanbase of Donald Trump, undoubtedly the cards collection sold out in less than a day, raising over $4 Million. Donald Trump introduced the card collection through a promotional video.
The hype of the cards collection is built because of the rewards they offer, according to the official website of the collection with each purchase of the card, purchasers randomly get a chance to win prizes like dinner with Donald Trump, golfing, and many others. And a purchaser of 45 cards is guaranteed to have a ticket to attend the Gala Dinner with Trump. These amazing interaction opportunities with Donald Trump attracted thousands of people which lead to the success of this card collection.
After the direct sale ended, this card collection is trading on Opensea which is currently one of the trending collections for the past couple of hours. It is not confirmed how Donald Trump is associated with this collection and whether he is getting any financial ‘cut’ from the sale.
Artist: Clark Mitchell
Owner Company: NFT INT LLC
Apart from crypto Argentina won the FIFA world cup in a thriller final, hope you witnessed the match!!
If you found this article informative then follow @CryptoManthan for more articles.
Thanks For Your Time!
Find me on Twitter, it's not just crypto I do post other stuff as well :)
Recently Published CryptoBulletins -
Crypto Bulletin – No-FTX Like Behavior: CryptoQuant Released Analysis of ‘Binance PoR Report’|
Mazars Paused Auditing for Crypto Exchanges – Binance, Kucoin
Crypto Bulletin – SBF Got Arrested by Bahamian Authorities| Binance to Face Charges In US?
