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
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
Mobile access to ChatGPT is now available on iOS. OpenAI has finally released its famous AI chatbot as an official iOS app, months after the App Store was flooded with illegitimate services claiming to be affiliated with OpenAI. The business claims that the new ChatGPT app will be available for
On Friday, the Bitcoin payments firm and remittance app Strike said that it is now accessible to download in dozens of more countries, bringing the total number of individuals who can use it to more than 3 billion. Wallet users in India, South Korea, Sri Lanka, and other countries will
The well-known founder of Cardano, Charles Hoskinson, has spoken out in the midst of the heated debate surrounding Ledger, a prominent hardware wallet manufacturer. And its controversial firmware update, which offers a feature allowing users to back up their seed phrases by sending encrypted key fragments to third-party firms. Hoskinson
Reserves “in an amount sufficient to fulfil all obligations to customers” may soon be required by exchanges in Texas under the proposed legislation. The state Senate approved the measure on May 15. And it now only needs the governor, Greg Abbott’s signature to become law. Earlier this year, the Texas
Morgan Stanley CEO James Gorman reportedly has plans to step away from his position sometime within the next year. The position of executive chairman, however, will be his new responsibility. After 13 years at the helm, his tenure as CEO is coming to an end. During his tenure, the company
