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MARKETS

Bitcoin And Crypto To Be Measured At Fair Value Under New FASB Rules

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The new rules are set to go into effect in December 2024, but companies will be able to apply them earlier than that.
MARKETS

US Senator Elizabeth Warren Introduces Bill To “Crack Down” on Bitcoin And Crypto

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Senator Warren stressed that digital currencies are used as an avenue for criminal activities, and that must be addressed through stringent regulatory frameworks.
MARKETS

JPMorgan CEO Jamie Dimon Tells Congress He’d “Close Down” Bitcoin And Crypto

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The renowned banking executive stated that if he held a position in the government, he would "close down" Bitcoin and cryptocurrencies.
BUSINESS

Block’s Decentralized Bitcoin Protocol tbDEX Goes Live In Africa

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The protocol has already seen its first adoption by Yellow Card, Africa's leading cryptocurrency exchange.
BUSINESS

World’s Largest Bitcoin, Crypto Exchange Binance Founder CZ To Resign As CEO, Plead Guilty

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Binance, as a company, will also plead guilty and pay a $4.3 billion fine.
BUSINESS

Germany’s Fourth Largest Bank Commerzbank Granted Bitcoin And Crypto Custody License

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The newly acquired license empowers Commerzbank to forge ahead in establishing a comprehensive range of digital asset services.
BUSINESS

€1.3 Trillion Deutsche Bank To Offer Bitcoin and Crypto Custody For Institutions

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For the first time, the German banking giant will be able to hold a limited number of cryptocurrencies for its clients.
BUSINESS

Colorado DMV Now Accepts Bitcoin Payments Via PayPal

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As of now, PayPal is the sole cryptocurrency provider accepted for online DMV payments.
BUSINESS

X (Twitter) Obtains License To Store, Transfer, And Trade Bitcoin And Crypto

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This license also includes related service providers, such as wallets, payment processors, and exchanges.
MARKETS

US Treasury And IRS Propose Regulations On Bitcoin & Crypto Transactions By Brokers

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The proposed rules require brokers of digital assets to adhere to stringent tax reporting standards.
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