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.
Bitcoin prices took an abrupt nosedive on Thursday evening following news of massive sell-offs in the hundreds of millions, sparking a widespread downturn in both futures and spot markets.
The problem, known as 'Milk Sad,' came to light in late July thanks to the findings of cybersecurity company Distrust.
Fitch's recent downgrade of U.S. debt serves as a stark warning to American policymakers and highlights the significance of Bitcoin and other open monetary systems, emphasizes Michael Casey.
'Ilya is a f***ing idiot,' declares former U.S. 'Most Wanted' hacker Brett Johnson, expressing skepticism towards yesterday's shocking confession.
An innovative platform, launched just last week, aims to enhance the adoption of Bitcoin by enticing users through win-to-earn games operating entirely on the Bitcoin blockchain.
Armstrong asserted that the SEC's recommendation left them with no alternative but to pursue legal action.
The Democratic presidential candidate has shown strong support for Bitcoin in the past, pledging to grant the cryptocurrency an exemption from capital gains taxes.
Amidst a saturated U.S. market, mining rig giants like Bitmain and MicroBT are now setting their sights on expanding into Russia, as revealed by reliable sources.
During this campaign season, politicians are increasingly focusing on cryptocurrency, as evident from a series of bitcoin-related statements and policy announcements. Even those who have been skeptical of crypto should take note, as appearing anti-innovation could be detrimental. This narrative is featured as part of CoinDesk's Mining Week 2023.