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 residents of Niagara Falls want the bitcoin mining to stop. - Copyright AFP In the US border town of Niagara Falls, residents accustomed to the soothing roar of the famous waterfalls recently discovered a much less pleasant sound: the "haunting hum" of bitcoin mining plants.
The city in New York has imposed a moratorium on new bitcoin mining operations as complaints about noise were compounded by an explosion and fire at a mining site last week. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. NIAGARA FALLS, N.Y.
He once could sit in his backyard and hear the roar of Niagara Falls more than two miles away. But now, "you can't hear it at all" and you can't avoid "the roar of bitcoin mining every day."
The new laws will likely include zoning requirements to ensure crypto mines aren't too close to residential areas, Niagara Falls Mayor Robert Restaino told CoinDesk in a phone interview on Thursday. "We have what we think is the final draft of the proposed change," the mayor said.
Niagara Falls has reached a deal with a cryptocurrency company. The Niagara Falls City Council has voted to approve a ...
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