The Financial Accounting Standards Board has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility.

Change to US accounting rules will be a boon to companies holding crypto in 2025

The United States Financial Accounting Standards Board has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. T...

1 year ago

“We believe the Trust’s nearly one million investors deserve this fair playing field as quickly as possible,” Grayscale’s lawyers wrote to the regulator.

Grayscale asks SEC to meet on ‘way forward’ for Bitcoin ETF conversion

Grayscale has told the Securities and Exchange Commission it has no legal reasoning left to block the conversion of the asset manager’s flagship Bitcoin  BTC 

1 year ago

Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees.

Indian central bank-backed NPCI begins blockchain recruitment

The National Payments Corporation Of India (NPCI) — an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies — is on the lookout for a seasoned blockchai...

1 year ago

Vivek is one of many Republicans who suspect the SEC is out to kill crypto.

Vivek Ramaswamy Says Grayscale Win ‘Clears Path’ for Bitcoin Innovation in America

Republican Presidential candidate Vivek Ramaswamy is bullish on Bitcoin, especially after Grayscale’s decisive court victory over the Securities and Exchange Commission (SEC) on Tuesday.

1 year ago

A parliamentary vote to dismiss the legislator ended in a stalemate, Yonhap reported. Kim Nam-kuk reportedly transferred his WEMIX holding worth $4.5M to evade a new rule.

South Korean Lawmaker in Crypto Scandal Survives Expulsion Vote

1 year ago

Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch.

China’s JD, ICBC to Launch Digital Yuan Supply Chain Financing Solution

Per CICC (via Cnfol), the latest innovation has been developed by JD Technology, in conjunction with the Industrial and Commercial Bank of China (ICBC). JD Technology is the IT se...

1 year ago

The court’s decision that the SEC has to consider Grayscale’s Bitcoin spot ETF application is good news for crypto but maybe not as impactful as some hoped.

Crypto community jubilant over Grayscale decision, but uncertainty remains

The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investments’ Bitcoin spot ETF app...

1 year ago

NFT sales vs SEC

SEC Charges Impact Theory Over NFT Sales

Today, Los Angeles-based media conglomerate Impact Theory came under scrutiny after being accused by the Securities and Exchange Commission (SEC) of executing an unregistered sale of crypto asse...

1 year ago

FTX case

FTX claimant data compromised in Kroll ‘cybersecurity incident’

Kroll, the bankruptcy claims agent of collapsed cryptocurrency exchange FTX, suffered a “cybersecurity incident” that compromised certain non-sensitive user data.

1 year ago

Magnate Finance on Base has deleted its Telegram group and took its website offline earlier today, sparking fears of a yet another exit scam.

Magnate Finance Website Goes Offline as Users Fear $6.4 Million Exit Scam

Magnate Finance, which holds $6.4 million in Total Locked Value, has ties with other financial exit scams.  Blockchain analyst ZachXBT also warned of a likely exit scam ...

1 year ago