Public and Private Blockchains and their characteristics
A public blockchain allows anyone to join freely, while a private blockchain allows only selected and verified participants on the blockchain in this article, we’ll be looking at these two types of blockchain Blockchains are the decentralized ledger technologies that underpin cryptocurrencies like Bitcoin and Ethereum. The combination of these cryptocurrencies and the blockchain technology […]
Custodia Files Petition in US Court Over BNY Mellon’s Crypto Approval
Custodia says that the Kansas City Federal Reserve Board of Governors was unfair about approval delays while giving BNY Mellon the go-ahead to do cryptocurrency custody. Custodia Bank has filed a petition in a U.S. court in Wyoming over what it calls “favoritism” and “lack of respect” by the Board of Directors of the Kansas […]
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 […]
Since the Merge Ether Becomes Deflationary for the First Time
According to a report, the number of tokens has dropped by 4,000 in the last week because more ether was burned to verify transactions than was made. Ether (ETH) reached a “post-Merge milestone” this week when it became deflationary for the first time since the Ethereum blockchain switched to proof-of-stake (PoS), the crypto exchange Coinbase […]
UK To Adopt Blockchain As Storage Option For Trade Documents
On Wednesday, the House of Lords passed the Electronic Trade Documents Bill that would eventually use Blockchain technology as a storage option. The government of the United Kingdom has passed a bill that could lead to it using blockchain technology to store documents. In a press release, the government says that it wants to move […]