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 […]
BitNile to Start Bitcoin-Based Marketplace Next Year
BitNile may also want to move away from bitcoin mining because the industry has been under a lot of pressure in the past few months. BitNile (NILE), a company that mines bitcoins, plans to set up a bitcoin-based marketplace in the first half of 2019. This will make it easier to buy and sell bitcoins. […]
Ether Exits With 4% Drop From Triangular Price Consolidation
For ether bulls to save the day, U.S. inflation data that is less than expected is needed. Ether (ETH) is getting sold off before the U.S. inflation report, which could show if the Federal Reserve has room to slow down the tightening of liquidity. Thursday, Ethereum’s native token fell by 4% to $1,220, ending a […]