Bitcoin and Ethereum soar after the release of jobs report
August jobs release boosts Bitcoin and Ethereum prices Ethereum gained by more than 2% and Bitcoin by less than 1% after the report’s publication. The labor department reports that the US added 315,000 jobs in August and the unemployment rate rose to 3.7%. Bitcoin and the jobs report Every piece of information has an impact […]
Despite the bear market, Bitstamp found high bitcoin trust
Despite the downturn, global faith in cryptocurrencies like Bitcoin remains strong, with the U.S. exhibiting more trust in Q2. The ongoing cryptocurrency winter otherwise known as bear market has had little to no impact on global trust in cryptocurrency, according to a new Bitstamp exchange-commissioned study. Despite the bear market, global trust in cryptocurrencies such […]
Binance CEO: We’re Not Chinese!
CZ outlines his personal and economic history with China and why it’s unfair to call Binance Chinese-controlled. Binance CEO Changpeng Zhao (CZ) has made a statement on the Binance blog to clear up some of the confusion around Binance’s connection with China. He said that contrary to rumors, Binance is not based in China and […]
Review By FASB Crypto Won’t Accept Certain Stablecoin
The accounting standards body explained what kinds of crypto assets would be covered by a rule that will soon be made about companies and their digital assets. The Financial Accounting Standards Board (FASB) is leaving out non-fungible tokens (NFT) and some stablecoins from its review of how cryptocurrencies should be accounted for, according to a […]
Crypto Hedge Fund’s Liquidators Receive Backlash
Su Zhu, who helped start Three Arrows Capital, said Teneo lied to the High Court of Singapore. This week, the High Court of Singapore gave permission for the liquidator to look into the Crypto Hedge Fund’s local assets. The co-founder of Three Arrows Capital, Su Zhu, said in a notarized document that the crypto hedge […]