FASB Introduces Fair-Value Crypto Accounting Standards
The first crypto accounting guidelines published by the Financial Accounting Standards Board have completely changed the way businesses disclose their bitcoin holdings. Businesses that own Bitcoin (BTC) or Ethereum (ETH) are now required by these new regulations to value these assets using the fair value assessment method, which values them at their current market price. […]
Blockchain.com to Increase Workforce Amid International Expansion
In early 2024, Blockchain.com plans to add a quarter to its workforce as part of a strategic expansion into new areas, including Nigeria and Turkey. The company appointed Curtis Ting, previously Kraken’s chief of worldwide operations, to lead the growth. Ting’s main responsibilities will be to build localized organizations throughout Europe and establish the company’s […]
BONK Joins Coinbase Listing Amid Meme Coin Frenzy
Coinbase has listed BONK, a dog-themed token on Solana, as one of the top-performing meme coins in the crypto market. BONK has soared by 354% in a month but faces a price correction after failing to sustain its momentum. BONK is one of the latest meme coins to gain traction in the crypto space, following […]
Microsoft Identifies Surge in OAuth Attacks with Financial Motivations
Microsoft’s security team has issued an advisory on the rising threat of OAuth attacks, which exploit compromised user accounts to perform illicit activities such as crypto mining and spamming. The company advises organizations to strengthen their identity infrastructure and access policies to prevent such breaches. OAuth allows users to grant permissions to third-party applications without […]
Interchain Foundation Allocates $26M for Ecosystem Development in 2024
The Interchain Foundation (ICF), headquartered in Switzerland and the principal developer of the cross-chain communications protocol Cosmos, has allocated $26.4 million to maintain its ecosystem in 2024. An announcement from December 13 states that the ICF 2024 roadmap “prioritizes funding for the optimal functionality of the Interchain Stack.” Committed to CometBFT, the Byzantine fault-tolerant engine […]