Shiba Inu’s layer-2 blockchain, Shibarium, recently achieved a significant milestone by surpassing 100 million transactions. This achievement has brought considerable exposure to the SHIB token, resulting in a substantial price surge. According to Coingecko, the token’s price has experienced nearly an 8% increase in the weekly timeframe, with the most significant surge occurring over the
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The Financial Accounting Standards Board (FASB) has recently made a groundbreaking decision that will have far-reaching implications for corporations. Effective for fiscal years beginning after Dec. 15, 2024, the FASB has officially adopted new accounting rules for Bitcoin, aligning its treatment with other financial assets. This move represents a significant step in integrating digital assets
Turkey is bracing itself for new legislation in the crypto sector, generating uncertainties about the potential strictness of the impending laws. However, major banking institutions in the country are not wasting any time and are actively securing their positions in the digital asset space. Despite the government’s efforts to slow crypto adoption, Turkey has consistently
The latest reorganization plan from defunct crypto lender Genesis has caused quite a stir among Gemini Earn users. According to the plan, users might only be able to recover 61% of the value of their crypto holdings as of January 19, 2023. This news has left many feeling frustrated and outraged, as they had hoped
In recent months, the crypto market has witnessed a surge in explosive moves by spin-off tokens traded on decentralized exchanges (DEX). These tokens, fueled by the fear of missing out (FOMO) among retail investors, have garnered significant attention. Among the notable spin-off tokens are APX, SAMBO Bot, BabyGROK, TIME, ROCKY, and IO. One such token
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently announced a settlement with the cryptocurrency exchange CoinList for alleged violations of sanctions related to Russia and Ukraine. This settlement has raised several concerns and highlights the need for robust compliance procedures in the crypto industry. Over a two-year period ending in May 2022, CoinList
On December 12, Binance, one of the world’s largest cryptocurrency exchanges, submitted two significant filings in response to the ongoing case initiated by the United States Securities and Exchange Commission (SEC). These filings not only aim to dismiss the case but also bring into question the plausibility of the SEC’s allegations against Binance and its
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler recently introduced new rules aimed at reducing risk in the U.S. Treasury market. These regulations require a greater number of trades to go through clearing houses and introduce collateral requirements for central clearing agencies, among other things. While these rules are intended to address concerns in
Worldcoin, the groundbreaking iris biometric cryptocurrency project founded by Sam Altman in 2019, has recently unveiled its latest innovation – World ID 2.0. This updated version takes digital authentication to new heights by seamlessly integrating with popular platforms such as Minecraft, Shopify, Mercado Libre, Reddit, and Telegram. By partnering with these platforms, Worldcoin empowers users
Bitcoin experienced a notable correction at the beginning of the week, causing the price to drop back to $40,000. Understandably, this correction rattled some investors, leading them to panic sell in order to minimize their losses. However, as the selling pressure eased, the cryptocurrency’s price has been gradually recovering. Despite currently sitting at $40,000, it’s