Traditional crypto exchanges appear to be in the crossfire.In 2022 FTX [collapsed](https://www.investopedia.com/what-went-wrong-with-ftx-6828447) within 10 days, and its CEO Sam Bankman-Fried resigned and was eventually arrested.Months later, Binance, the largest centralized crypto exchange, [agreed](https://www.coindesk.com/policy/2023/11/21/binance-to-settle-charges-with-us-doj-source/) to pay a penalty of $4.3 billion, one of the largest penalties in U.S.corporate history, and the effect is global.The Philippines Securities…
Bitcoin (BTC)
Bitcoin is a currency born into the digital age. When using Bitcoin for the first time people should get an idea of how it works. Digital money is different than the traditional finance world is used to. It offers three core values in which many currencies cannot attain: Decentralization, Open Source, and Peer-to-Peer networking. It is important to get an idea of how to use Bitcoin before investing in it or starting wallet. At Bitcoin.com we are very passionate about the protocol and want to help you learn along the way. There is a lot to learn, but it is not beyond your grasp. Bitcoin is a truly beautiful innovation, and it has the capacity to change the world.
Fair Value Accounting For Crypto To Begin In 2024, Confirms FASB
The Financial Accounting Services Board (FASB) announced on Wednesday that it has officially adopted fair value accounting for crypto assets starting next year.The change is expected to make Bitcoin and other digital currencies far more welcoming to hold on corporate balance sheets, despite their intermittent price volatility.FASB’s Major Accounting Change Per FASB’s latest [Accounting Standards…
Montenegro Prolong Detention of Do Kwon
According to a recent announcement on Terraform Labs co-founder Do Kwon, the High Court in Montenegro has prolonged his detention.Originally set to expire on Friday, Kwon’s custody period has been extended by an additional two months until February 15th.This extension comes as both the United States and South Korea are actively seeking Kwon’s extradition.They have…
United States 30-Year Bond Auction down to 4.344% from previous 4.769%
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Localities Must Decide if a Crypto Mining Facility is Welcomed
– 1 [Gov.Sanders should empower “cities, towns, and counties” for decisions regarding crypto mines’ entry.] – 2 [Arkansas State Senator Bryan King tried to take a similar matter to the governor’s office in October.] Arkansas State Representative Matt Duffield has written a letter to Governor Sarah Huckabee Sanders to call a session to repeal the…
Best cryptocurrencies to invest in for 2024
After months of stagnation, the [crypto market](https://finbold.com/category/cryptocurrency-news/) has experienced a notable resurgence in recent weeks, propelled largely by positive indications that US regulators are poised to greenlight the inaugural spot [Bitcoin exchange-traded fund](https://finbold.com/guide/what-is-bitcoin-etf/) ( [ETF](https://finbold.com/etfs/)).As the curtain falls on 2023, crypto investors are gearing up for the new year with a heightened sense of optimism,…
Kiyosaki Predicts S&P 500 Crash, Threatening Retirement Funds
Amidst escalating concerns over a potential market downturn, prominent investor and author Robert Kiyosaki has raised alarms about the probable impact on retirement savings plans.Best known for his influential book ‘Rich Dad Poor Dad,’ Kiyosaki predicts a significant disruption in the stock market, especially targeting the S&P 500 index, which could adversely affect millions of…
Bitcoin Spot ETF Approval Unleashes Unseen Risks: WSJ
In a groundbreaking revelation, the Wall Street Journal (WSJ) has cast a spotlight on the imminent approval of [Bitcoin Spot ETFs](https://coingape.com/education/bitcoin-spot-etf/), sending ripples through the financial realm.As anticipation mounts, the crypto community ponders the potential risks and challenges lurking beneath the surface.Meanwhile, beyond the celebratory atmosphere surrounding Bitcoin’s recent surging value, a complex landscape emerges,…
Can Bitcoin (BTC) Price Rebound to $50k after $100M Liquidations?
Bitcoin (BTC) Price Rebound in Motion, Can it Reach $50k after $100M Liquidations? Insights: – Bitcoin (BTC) price tumbled 5% toward $41,600 on Monday, December 11 resulting in a flash liquidation of $100 million worth of derivatives contracts.- BTC made a quick rebound above $42,400 by 12:00 GMT.- Technical indicators offer key insights on the…
Which Crypto Will Benefit from the Approval of the Bitcoin ETF? – TechBullion
December 2023 has kicked off on a high note for Bitcoin (BTC) and the wider cryptocurrency sector, maintaining the upward momentum seen in the latter part of November and bolstering expectations for BTC’s continued growth.2024 is set to be a pivotal year for BTC due to the halving event, which will reduce miner rewards by…