Cryptocurrency accounting in the United States is on the verge of a transformative change, as the Financial Accounting Standards Board (FASB) has given unanimous approval to new rules governing the fair valuation of companies’ crypto holdings. This move, hailed by … Continue reading Embracing Transparency: US Crypto Accounting Evolves with Fair Value Standards

The Commodity Futures Trading Commission (CFTC) has recently escalated its focus on the decentralized finance (DeFi) sector, signaling its intent to ensure regulatory compliance. By issuing simultaneous orders against Opyn, ZeroEx, and Deridex, Inc., the CFTC aims to address allegations … Continue reading CFTC Takes Aim at DeFi Operators: Addressing Regulatory Concerns in the Digital Asset Landscape

Ripple, a prominent player in the cryptocurrency sphere, recently announced its acquisition of Fortress Trust, a leading financial institution specializing in Web3 financial, regulatory, and technology infrastructure for blockchain innovators. This strategic move aims to bolster Ripple’s backend infrastructure for … Continue reading Ripple Expands Crypto Infrastructure with Fortress Trust Acquisition

One of the remarkable aspects of the Bitcoin blockchain is the regular occurrence of halvings. These events, which cut the block subsidy in half, have significant implications for miners’ revenues, particularly in terms of block rewards. With each halving, the … Continue reading Bitcoin Transaction Fees: Can They Bridge the Gap Left by Decreasing Block Rewards?

Decentralized Finance (DeFi) has emerged as a disruptive force, operating through automated contracts and collective governance. While the collaborative nature of DeFi has posed regulatory challenges, leading financial institutions are now reevaluating their stance. In a recent report, the International … Continue reading Shifting Perspectives: Exploring DeFi’s Regulatory Challenges

The digital revolution brought forth by cryptocurrencies has given rise to a new wave of wealth creation, leading to the emergence of over 88,200 crypto-millionaires worldwide. Among them, a staggering 50% have placed their financial bets on Bitcoin (BTC), the … Continue reading The Rise of Crypto Millionaires: Bitcoin Holds Its Ground

US accounting standard-setters have unanimously voted to introduce new accounting rules for businesses with significant holdings in cryptocurrencies such as Bitcoin and Ethereum. This decision, expected to be published by year-end, could pave the way for tech giants like Apple, … Continue reading New Paradigm In Bitcoin And Crypto Accounting: What You Need to Know

In a surprising announcement made by Jay Hunter Anson, the Digital Residency Office Director at the Palau Ministry of Finance, it was revealed that the Ripple-based Palau Stablecoin (PSC) pilot program would be discontinued. Anson took to Twitter to share … Continue reading Palau Stablecoin Pilot Program Comes to an Unexpected End

Genesis Global Capital, the cryptocurrency lending unit that recently filed for Chapter 11 bankruptcy, has escalated its legal battle by suing its parent company, Digital Currency Group (DCG). The lawsuit comes as both parties wrestle with the repayment of more … Continue reading Genesis Global Capital Sues Digital Currency Group Amidst $610 Million Loan Dispute

Google, the world’s leading search engine and tech company, has announced its plan to update its cryptocurrency advertisement policy in September 2023. The motive behind this update is to provide clarity on the scope and requirements for the advertisement of … Continue reading Google To Update Crypto Advertising Policy, These NFT Games Are Big Winners