Coinbase, a popular cryptocurrency exchange platform, is potentially facing regulatory challenges due to its compliance with new Financial Accounting Standards Board (FASB) accounting rules. These new rules shift the accounting and disclosure for cryptocurrencies to a fair-value model from a cost-less-impairment model, according to a report by MarketWatch. The FASB agreed upon these rules in
investment
The recent news of Kanav Kariya’s resignation as the President of Jump Crypto has sparked a wave of speculation and uncertainty in the digital assets industry. Kariya’s departure comes only four days after reports emerged regarding an investigation by the Commodity Futures Trading Commission (CFTC) into Jump Trading subsidiary’s activities. This sudden development has left
Born and raised in Edo State, Nigeria, my upbringing was shaped by the guidance of my parents and the influence of my siblings. They have been my pillars of strength and the driving force behind my pursuit of knowledge and understanding. Growing up in such a supportive environment, I have developed a strong sense of
Bitcoin is currently experiencing a notable decline, with its price dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite this downward trend, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin and
Ripple finds itself entangled in a new legal battle as a US judge in California has approved a lawsuit against the crypto company. The lawsuit revolves around alleged misleading statements made by Ripple’s CEO, Brad Garlinghouse. This recent development indicates that the case will proceed to trial, where a jury will determine whether Garlinghouse misled
A federal judge in California has indicated that he is likely to allow the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken to proceed. This decision casts doubt on Kraken’s attempts to have the case dismissed. The judge explained that it is plausible that the digital assets offered on the platform could be considered
The US Commodity Futures Trading Commission (CFTC) has launched an investigation into Jump Crypto, as reported by Forbes on June 20. The reasons for this probe remain undisclosed, leaving many to speculate on the nature of the agency’s concerns. While the investigation focuses on Jump’s trading and investment activities in the crypto sector, it is
When it comes to traveling with cryptocurrency, one of the most crucial aspects is safeguarding your digital wallet. It is essential to ensure that your crypto holdings are secure and protected at all times. Utilize time-tested strategies such as using secure wallets and implementing multi-factor authentication to prevent unauthorized access to your funds. When accessing
In the current landscape of the cryptocurrency market, Bitcoin has emerged as a beacon of stability amidst significant turbulence. As investors navigate through market uncertainty, Bitcoin’s dominance has surged to a nine-week high of 57%. This shift in investor behavior towards Bitcoin, which is perceived as a safer asset within the digital currency ecosystem, has
Travis Kling, the Founder and Chief Investment Officer of Ikigai Asset Management, recently provided his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. Kling noted that Bitcoin is currently trading at approximately 10% below its all-time highs and pointed out that the market appears to be on the verge of cannibalism.