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.
Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
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.
ChatCoin is not supported by Coinbase. Jump start your crypto portfolio with $5 in free Bitcoin after you sign up. Terms apply. ChatCoin is on the rise this week. The price of ChatCoin has risen by 3.51% in the past 7 days. The price increased by 2.90% in the last 24 hours. The current price is $0.001641 per CHAT.
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Coinbase has reported declining earnings for the last two consecutive quarters in a row. The recent high peaked at the downward slopping trend line which corresponded with a 50% retracement. Expect $COIN to decline in tandem with the crypto markets. Jumped the big supply area around from 83 to 77 and closing lower on higher volume.
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