The Financial Accounting Standards Board has recommended recording crypto at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility.
The blockchain analytics firm claims Grayscale is the world's second-largest BTC entity.
The motion from Sam Bankman-Fried’s lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEO’s criminal trial is set to begin in New York.
Roman Storm, facing charges related to Tornado Cash allegedly facilitating money laundering, has been free on bail following his arrest by U.S. authorities in August.
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under Chair Jerome Powell at the central bank until 2036.
The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform.
This week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market started back in March.
Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted the issuance of new loans in May.
The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions.
Sitharaman said crypto was a “threat as well as an opportunity” while confirming that G20 members are working toward establishing a global crypto framework.