Justin Sun announces TRON (TRX) and Heco Merger
Following his admission that he had invested in Huobi tokens, Justin Sun, founder of TRON announces the TRON and Heco merger. TRON founder Justin Sun has declared a merger between TRON and the BitTorrent chain ecosystem with Heco after releasing how many Huobi tokens he currently possesses and his investing interest in the exchange. The […]
Blockchain.com ends services to Russians due to EU sanctions
Russian citizens’ accounts on Blockchain.com will soon be closed, and businesses like Binance are striving to implement the new EU sanctions. Blockchain.com, a provider of cryptocurrency wallets, is the most recent business that will shortly stop offering its services to Russian citizens as a result of the most recent EU sanctions. According to the local […]
FASB Advocates For Crypto Holdings Fair-Value Accounting
FASB says that putting bitcoin on a company’s balance sheet will be more likely if fair-value accounting is used for cryptocurrencies. A Wall Street Journal report says that the Financial Accounting Standards Board (FASB) has said that companies should use fair-value accounting methods for cryptocurrencies like bitcoin (BTC) and ether (ETH). Fair-value accounting for crypto […]
Crypto venture funding dips for second quarter in succession
Venture funding for crypto startups declined for two straight quarters for the first time since 2018. According to new research, venture funding for crypto businesses fell this quarter by around 35% to $6.2 billion, following a 22% reduction in Q2. VC deals also experienced a substantial decline, falling by 22% quarter over quarter. Even said, […]
Sam Bankman-Fried declares support for crypto regulation
Sam Bankman-Fried, the founder of FTX, stated in Washington, D.C. on Wednesday that he would “love to be helpful” to regulators considering new guidelines for the cryptocurrency business. Bankman-Fried acknowledged that his sector has occasionally clashed with government representatives, but he believes that regulation is “good” and “the correct thing to do.” FTX CEO Sam […]