Change to US accounting rules will be a boon to companies holding crypto in 2025
The Financial Accounting Standards Board (FASB) has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. The rules will go into effect in 2025.The FASB is the United States organization that sets accounting an ...
What is Cryptoarbitrage and How Does it Work?
With the problems of big banks, people are increasingly thinking about new sources of passive income. Cryptoarbitrage becomes especially attractive. What is cryptoarbitrage Cryptoarbitrage is a trading strategy, which is based on use of differen ...
Stellar CEO Urges US Lawmakers to Regulate Stablecoins to Strengthen National Currency
According to an interview with Bloomberg, the CEO of the Stellar Development Foundation, Denelle Dixon, believes that US lawmakers need to develop regulation for stablecoins tied to the US dollar. This would help strengthen the value of the national currency, as US financial regulators are increa ...
Twitter’s Removal of Dogecoin Meme Symbol Causes 9.5% Drop in Value
The value of Dogecoin, the popular cryptocurrency that has taken the internet by storm, has experienced a significant drop of up to 9.5% following Twitter's removal of the Dogecoin meme symbol from its homepage. As of Friday, April 7, CoinGecko reports that Doge is trading at $0.082. The sudde ...
Economics Professor Criticizes Bitcoin’s Value, but Enthusiasts Disagree
Johns Hopkins University's applied economics professor, Steve Hanke, has recently reiterated his criticism of Bitcoin, asserting that the digital currency has no inherent value. Hanke, who advocates for dollarization initiatives in Latin America, stated that Bitcoin is an exceedingly speculative ...
Economist Peter Schiff Criticizes Bitcoin, Predicting Its Value Will Fall to Zero
Renowned economist and noted Bitcoin skeptic, Peter Schiff, has once again voiced his criticism of the world's first cryptocurrency, predicting that its value will eventually plummet to zero. In a recent tweet, Schiff stated that "Bitcoin will still tend to zero. It's just going to be a long way ...
Ethereum Co-founder Vitalik Buterin’s Meme Crypto Asset Sales Cause Controversy in Crypto Community
The Ethereum co-founder, Vitalik Buterin, recently made headlines after selling several meme-based cryptocurrencies, causing a stir in the crypto community. Lookonchain reported that Buterin sold a whopping 50 billion units of MOPS for 1.25 ETH, equivalent to around $2,000. Additionally, he so ...