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
In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital
Though crypto and virtual assets are gaining popularity, there exists certain criticism including terrorists’ usage of cryptocurrencies in an anonymous way. Amit Shah, an Indian Minister of Home Affairs has highlighted the consequences of terrorists utilizing the crypto assets and metaverse. However, the growing crypto exploitation points the terrorism as
Valkyrie Investments, the largest fund in the cryptocurrency industry, stated on December 28 that it had proposed to become the “sponsor and manager” of Grayscale’s Bitcoin (GBTC). Grayscale BTC is one of the biggest Bitcoin investment funds, which is now valued at 643,572 BTC ($10.6 billion). However, Grayscale’s Bitcoin Trust
The average daily fee collected from daily exchanges between June 15 and June 21 was $4.1 million. Uniswap beat Ethereum in terms of daily fees paid above the moving seven-day average. Uniswap Beats Ethereum According to statistics on crypto-fees, the average daily fee collected from daily exchanges between June 15
One altcoin which can be compared with ETH is the Polkadot (DOT). Polkadot’s blockchain enables efficient DeFi’s and all finance-based services. ETH has gathered a significant spread over the industry. In spite of judging upon all these aspects, the only one altcoin which can be compared with Ethereum (ETH) is
