The FASB has instituted new rules, effective next year, requiring fair value accounting for cryptocurrencies like Bitcoin in the US. Companies must disclose cryptocurrency values based on market prices, enhancing transparency and acknowledging digital asset volatility. This approach enables companies…
Binance submitted two key filings on Dec. 12 in an ongoing case previously launched by the U.S. Securities and Exchange Commission (SEC). Binance’s first filing moves to dismiss the case that the SEC launched against its companies and its former…
Only 11.81% of Ethereum’s total supply remains on centralized exchanges, marking a significant shift towards DeFi investments. Ethereum’s shift from centralized to decentralized exchanges signals a maturing market. A 29.68% drop in Ethereum holdings on CEXs enhances DeFi’s profile. Uniswap…
In a significant milestone for the blockchain music industry, Sonorus has announced the upcoming listing of its SNS token on Kucoin, one of the leading cryptocurrency exchanges globally. This listing, scheduled for December 12 (10 AM UTC), marks a major…
In a recent security event, OKX DEX experienced a breach in its decentralized exchange (DEX) contracts, leading to the compromise of user funds amounting to more than $424,000. The affected contracts have been disabled by the exchange, and efforts are…
Binance, Binance.US and Changpeng Zhao argued that the U.S. Securities and Exchange Commission (SEC) did not meet the requirements of the “Howey Test” in its suit against the two companies and their founder in a new filing Tuesday. Binance and…
The Ethereum price has been among the worst hit in the flash crash that took place on Monday. The crash sent the asset’s price down below $2,200 for the first time in the last week and has continued to trend…
Many in the Bitcoin space are enthusiastic about a potential Bitcoin ETF, but many lack a clear understanding of its implications. Despite expectations that an ETF could elevate Bitcoin’s reputation, potential pitfalls and challenges abound. What are some of the…
The Starknet Foundation has unveiled plans to distribute 1.8 billion STRK token rewards and rebates to drive the adoption and growth of the Starknet blockchain. While specific distribution plan details are not provided, the Foundation intends to involve various committees…
Cryptocurrency exchange Bybit has announced its Web3 vision on its fifth anniversary, with a focus on creating a decentralized ecosystem that is simpler, and equal for all. Web3 Integration: Bybit Aims to Connect and Unify Wallet Systems Bybit aims to…