Tue, January 7

FASB’s Fair Value Accounting Standards for Bitcoin Take Effect Today

The Financial Accounting Standards Board (FASB) has officially implemented the new fair value accounting rules for Bitcoin (BTC). It is set to take effect starting in fiscal years beginning after December 15, 2024. This rule allows companies to determine their Bitcoin holdings at market value rather than just the purchase

December 16, 2024 2 mins read

Ripple CTO Discusses Supply Shortage for RLUSD Ahead of Launch

As opposed to a weekend slumber, this mid-December the crypto market rallied significantly. It began with Bitcoin hitting a new ATH that in turn instigated several activities across the sector. Meanwhile, the regulatory sector has also spurred actions with a recent WazirX update. The Ripple stablecoin is also awaiting market

December 16, 2024 2 mins read

Pantera Capital CEO Talks Big Bets on These Three Altcoins

Dan Morehead, the CEO of Pantera Capital, a leading digital asset investment firm, has reiterated his bullish stance on Bitcoin and the broader cryptocurrency market. In a recent interview with CNBC, Morehead highlighted the potential for significant growth in the space, noting his firm’s diversified holdings beyond Bitcoin. Morehead revealed

December 16, 2024 2 mins read

From Presales To Potential Power Houses, These 2 Have Taken Over the Market

Following the recent US elections, the expected changes in US crypto regulation are changing the crypto landscape. Investors are giving precedence to innovative projects that focus on utility. Among these, BlockDAG and Cutoshi have surprised analysts with their wildly successful presales.  BlockDAG Unique Technology Nets it $160.73M In Presales Ever

December 15, 2024 3 mins read

Trump Announces Bitcoin Reserve Plans that Could Start a Crypto Cold War

The announcement by U.S. President-elect Donald Trump about creating optimism. He stated “Bitcoin is going to represent our once-in-a-century opportunity of securing economic supremacy for America,” Bitcoin reserve as America’s Strategic Economic Asset Trump has positioned Bitcoin as a strategic asset that could help the U.S. maintain its global economic

December 15, 2024 3 mins read

Drake’s X Account Hacked to Promote Fraudulent Solana Memecoin

Canadian rap superstar Drake’s X account was hacked on Saturday night and used to promote a fraudulent Solana-based memecoin called “$ANITA.” The scam capitalized on Drake’s cartoon “alter ego,” Anita Max Wynn, leveraging his brand to lend credibility to the fraudulent project. Hackers targeted Drake’s over 39 million followers with

December 15, 2024 2 mins read

Can VanEck Crypto Predictions for 2025 Become Reality?

Investment giant VanEck has recently unveiled an optimistic outlook for the cryptocurrency market in 2025, predicting a bull market that could see Bitcoin (BTC) soaring to $180,000 and Ethereum (ETH) surpassing $6,000 in the first quarter. The report envisions a vibrant year ahead, driven by heightened institutional adoption, government participation,

December 14, 2024 2 mins read

MicroStrategy Enters Nasdaq-100 as the First Bitcoin-Focused Firm

MicroStrategy Incorporated, the world’s largest corporate holder of Bitcoin, is to join the Nasdaq-100 Index. This will take effect before the market opens on December 23, 2024, as part of the index’s annual reconstitution. Under the leadership of Executive Chairman Michael Saylor, MicroStrategy began its Bitcoin acquisition strategy in 2020

December 14, 2024 2 mins read

What Really Happened in the $3M Ledger Phishing Incident?

The cryptocurrency community is grappling with a sobering security breach involving a Ledger Nano S wallet. A user known as “Anchor Drops” on X reported losing 10 Bitcoin (BTC) valued at around $1 million and $1.5 million in NFTs. Despite claims of keeping the seed phrase offline and untouched for

December 14, 2024 2 mins read
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