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.
Bitcoin and most other cryptocurrencies were down Tuesday as Binance's stunning announcement that it intends acquire FTX renewed liquidity fears in the industry. The global value of the overall crypto sector fell 12% over the last day to $911 billion, according to CoinMarketCap. Bitcoin lost 12%, ether sank 17.5%, and dogecoin tumbled 25%.
BofA’s research, based on Bloomberg data, finds that Bitcoin’s fall is the fifth largest on record—and by far the biggest crash since the 1970s. Bitcoin has seen a 77% decline from its peak trading at $70,000 in November of last year in the aftermath of FTX’s fall. Meanwhile, the crypto market cap has plummeted from $3 trillion to $900 billion.
Bitcoin and most other cryptocurrencies were down Tuesday as Binance's stunning announcement that it intends acquire FTX renewed liquidity fears in the industry. The global value of the overall crypto sector fell 12% over the last day to $911 billion, according to CoinMarketCap. Bitcoin lost 12%, ether sank 17.5%, and dogecoin tumbled 25%.
Each single bitcoin is split into 100 million units called ‘satoshis’, and each satoshi is a precious gem. At a rate of $42,000 per bitcoin, it only costs $420 to be a satoshi millionaire! What payment methods can I use? You can buy Bitcoin with credit card, debit card, bank transfer, Apple Pay and Google Pay.
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