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MicroStrategy endorses ‘fair value model’ proposal for reporting crypto holdings

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MicroStrategy, the largest public holder of bitcoin, has joined the growing list of supporters backing proposed rule changes by the financial accounting standards board (FASB), which seeks to eliminate impairment charges for companies holding cryptocurrencies. As of March 31, MicroStrategy held […]
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Circle rebalances treasury holdings amid US debt default concerns

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings. The business has chosen to keep a reserve portfolio heavily weighted toward short-term U.S. treasuries.  The move to short-dated debt occurs as debate rages […]
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Nansen data reveals Binance’s on-chain holdings valued at $64b

Binance’s on-chain holdings have reached a staggering $64 billion, as revealed by blockchain analytics firm Nansen, showcasing the cryptocurrency exchange’s sustained dominance in the digital asset market. According to recent findings from blockchain analytics firm Nansen, the on-chain assets held by Binance have reached an impressive $64 billion. This figure is indicative of the exchange’s […]
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Argentina legislation may force citizens to declare their digital asset holdings

Argentina is set to introduce a new draft bill requiring citizens to declare their cryptocurrency holdings. Otherwise, they could face hefty tax penalties.  Argentina’s new draft bill targets crypto assets The bill is meant to tighten the country’s anti-money laundering rules and will be presented to the Federal Administration of Public Revenues (AFIP) in the […]
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