The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
A death cross signals a possible enduring shift towards a bearish momentum, while a golden cross implies the contrary.
The initial news sent bitcoin (BTC) to fresh two-year low of $15,480. But the price has fully recovered back to where it was before the Bloomberg story came out, trading around $15,913 as of this update.
There are two things that are true about bitcoin that are not true about oil: Supply: There will only ever be no more than 21 million bitcoin. Demand could increase 100x and supply wouldn’t budge. Storage: One can hold bitcoin for years at a low cost, waiting for demand to arrive.
In certain countries, it provides a release valve for citizens concerned about oppressive regimes, and a way to expatriate money with limited physical risks. But like oil in the late 1800s, these applications are just scratching the surface of bitcoin’s potential.
The web portal claims that the Chinese government owns 194,775 bitcoin that reportedly stem from the Plustoken crypto scam. The problem with the list’s sources is that the ownership verification is highly inconclusive and doesn’t offer much of anything aside from speculation. Does China or Bulgaria Really Hold Billions in Bitcoin?
Elon Musk goes into detail about his conversation with Sam Bankman Fried when Bank Fried offered capital for Musk's purchase ...
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A logical rebuttal to one of the most common misconceptions about Bitcoin. In this piece, I will start by defining and dismissing the ...
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