On Monday, MicroStrategy Inc (NASDAQ: MSTR) wrote to the Financial Accounting Standards Board (FASB) in response to the FASB’s proposed accounting rules for crypto assets. In response, MSTR backed the regulators’ push for fair value accounting for Bitcoin and other cryptocurrencies. MicroStrategy claims to have more Bitcoin than any other
Despite the disastrous debt limit issue, US Federal Reserve officials are considering more rate rises, including the presidents of the Federal Reserve Banks of Minneapolis and St. Louis. The debt limit agreement will affect the price of Bitcoin because the US Treasury will issue government bonds to replenish funds depleted
U.S. prosecutors have filed charges against a Russian national who they say was involved in several ransomware scams. That together brought in about $200 million, most of it in cryptocurrency. Hospitals, schools, and even police stations were hit by ransomware attacks. Mikhail Pavlovich Matveev was a member of the Lockbit,
On the “Nakamoto Stage” at Bitcoin 2023, the Democrat candidate for President of the United States made some bold promises. When asked about his personal experience with Bitcoin, Robert F. Kennedy Jr. pledged to defend Americans’ rights to acquire and use the cryptocurrency if he were elected president. The presidential
Vivek Ramaswamy is the second US presidential contender in 2024 to announce that he would take Bitcoin contributions. Saying, “Give $1,” Ramaswamy said that he would take Bitcoin contributions. This news broke just two days after Robert F. Kennedy Jr. made history by becoming the first U.S. presidential contender to
President Joe Biden said at the G7 summit that he had discussed the need for a bipartisan accord with all four congressional leaders before leaving for the trip. Biden has said that the Republican plan is not acceptable. Biden specifically mentioned cryptocurrency while stating that he would not support a
The Litecoin community is eagerly anticipating the upcoming block reward halving, which set to occur in just 74 days. As the date draws near, it becomes crucial to understand the implications of this event for Litecoin and the wider cryptocurrency market. Litecoin, often referred to as silver to Bitcoin’s gold,
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has witnessed a continuous decline. The trading price of BTC has dropped below the $27K mark. Crypto analysts are suggesting that the trading price of Bitcoin will drop below the $25K mark if it continues to decline. Moreover, the market capitalization
Over this week, Bitcoin has been the talk of the town. However, the transaction fees of Bitcoin (BTC) are getting increased by 26% which is derived from the Inscription transactions. This increase is recorded over trading on 12 days of 10.8% in 111 days, terming a larger relative share. Inscription
At Bitcoin 2023 on May 19 in Miami, TBD, a branch of finance firm Block helmed by CEO Jack Dorsey, revealed a revolutionary Web5 decentralized web platform. As the business said, the platform would enable developers to utilize the technology to build “delightful user experiences” while also “returning ownership of
