Ethereum’s Profitability Landscape: Analyzing Current Address Performance At $2,458.51

As Ethereum ETH hovers around $2,458. 51, an analysis of address profitability reveals that a significant majority of holders are in the money. Currently, there are approximately 59. 08 million ETH held by addresses in profit, accounting for around 79. дальше »

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CoinShares: US political landscape fuels $901m inflows into crypto funds

Crypto investment products experienced inflows of $901 million this month, marking the fourth-largest inflow on record, per data from CoinShares. Crypto investment products recorded inflows of $901 million in October, marking the fourth-largest inflow month on record and accounting for… дальше »

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Retail investors dominate demand for spot Bitcoin ETFs – Binance Research

Retail investors are leading the charge in the adoption of spot Bitcoin exchange-traded funds (ETFs), accounting for 80% of the total demand, according to a Binance Research report. According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63. дальше »

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Japan’s Web3 transformation: How Monex Group is powering the nation’s crypto ecosystem

Japan’s government actively promotes Web3 as a national policy, creating a favorable environment for conducting Web3 businesses there. In an exclusive interview with CryptoSlate, Tsukada from Monex Group explains that this includes “tax reforms for handling digital assets, accounting preparations, the legal positioning of DAOs, recommendations for local governments to enter Web3 and adopt the […] The post Japan’s Web3 transformation: How Monex Group is powering the nation’s crypto ecosystem appeared first on CryptoSlate. дальше »

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Base Takes The Lead In Layer 2 Transaction Volume, Surpassing Arbitrum And Optimism

As of October 14, 2024, Base now dominates Layer 2 (L2) transactions, accounting for 67. 6% of total activity. Arbitrum follows with 22. 6%, and Optimism holds 9. 7%, according to data from IntoTheBlock. дальше »

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Chainalysis: North America received over 22% of on-chain value since July 2023

North America remains the top spot for the crypto market, accounting for about $1.3 trillion, or 22.5% of on-chain activity on the international level, data from Chainalysis shows. Cryptocurrencies keep concentrating in North America despite unclear local regulatory climate, as… дальше »

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94% of Bitcoin holders are in profit; will they sell?

The number of Bitcoin addresses in profit has significantly increased following its price surge above the $65,000 zone. According to data provided by IntoTheBlock, over 50.67 million Bitcoin (BTC) addresses have accumulated the asset below $65,500, accounting for 94% of… дальше »

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Analyst on why Celestia could face 20% correction

Celestia could face potential selling pressure by the end of October due to its major token unlock event, Illia Otychenko, Lead Analyst at CEX.IO, told crypto.news. On Oct. 30, 175 million Celestia (TIA) tokens, accounting for 16.4% of its total… дальше »

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Chainalysis: Stablecoins represent 40% of crypto economy in Sub-Saharan Africa

As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to… дальше »

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WazirX and BingX hacks lead Q3, accounting for 69.5% of losses

Two major hacks on centralised exchanges dominated crypto losses in Q3 2024. дальше »

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BNY targets crypto ETF custody post-SAB 121 review

Following an exemption from an SEC staff accounting bulletin, BNY edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY was poised to provide crypto custodial services for spot Bitcoin (BTC) and spot Ether (ETH) exchange-traded funds on Wall… дальше »

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BNY Mellon targets crypto ETF custody post-SAB 121 review

Following an exemption from an SEC staff accounting bulletin, BNY Mellon edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY Mellon was poised to provide crypto custodial services for spot Bitcoin (BTC) and spot Ether (ETH) exchange-traded funds… дальше »

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KPMG calls for stronger custodial practices to boost Bitcoin adoption

Global accounting firm KPMG believes that strong custodial practices are key to boosting Bitcoin (BTC) adoption among institutions and businesses. According to its recent report titled “The Importance of Custodians in Bitcoin Adoption and Ownership,” custodians play a crucial role in safeguarding Bitcoin holdings and are vital for the industry’s growth. дальше »

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FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations

International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022. дальше »

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Polymarket fuels crypto industry’s $1.2 billion election involvement, political donations up over 10x

The crypto industry’s monetary involvement in the 2024 US presidential election has exceeded $1. 2 billion, with Polymarket accounting for a vast majority of the amount, according to a recent report by Breadcrumbs. дальше »

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SEC softens stance around SAB-121: Galaxy Research

In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.

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TRON Monthly Report: August 2024 Sees Significant Growth In Fees, Revenue, And Market Activity

TRON has reported a strong performance for August 2024, with positive growth recorded across multiple metrics, including fees, revenue, and total earnings. The platform’s Total Value Locked (TVL) remained stable above the $8 billion mark, while USDT continues to dominate TRON’s stablecoin market cap, accounting for approximately 99% at $58.5 […] дальше »

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SEC’s Hester Peirce questions Commission’s stubborn stance on SAB 121

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has raised ongoing concerns about the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). Peirce’s comments came after a Sept. дальше »

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Binance Hires UK-Based Accounting Firm Grant Thornton to Advise on Audits

Binance has hired U.K.-based Grant Thornton to advise on accounting and tax matters, it announced Wednesday. дальше »

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VC funding for crypto startups soars to $634M in August

Venture capital (VC) funds invested $634 million in crypto startups in August — up 15% from July, based on DefiLlama data. Projects focusing on blockchain infrastructure secured nearly $460 million in funding, accounting for 72% of the total raised by crypto startups last month. дальше »

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20% Of Institutional Investors Are Invested In Ripple’s XRP, Report Shows

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Bitcoin And Ethereum Plummet: Investors Liquidate $313 Million Amid Market Volatility

The cryptocurrency market experienced a significant downturn, with Bitcoin and Ethereum plummeting to lows of $58,034 and $2,392, respectively. This resulted in a staggering $313 million in liquidations across the network, with long orders accounting for $282 million and short orders totaling $31. дальше »

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TaxBit – Tax and Accounting for the Digital Economy

Reagan Cook is an Accounting Subject Matter Expert at TaxBit, the leading enterprise provider for digital assets tax and accounting technology. дальше »

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Brett Token Poised For Major Move As Binance Announces Perpetual Contract Listing

The Brett token ($BRETT) is set to make waves in the crypto market as Binance gears up to list the BRETT perpetual contract. This development is expected to significantly impact the token’s market performance, as $BRETT already dominates the meme coin sector on the Base network, accounting for over 80% […] дальше »

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Robinhood posts strong Q2 earnings fueled by options and crypto

Robinhood recorded a profitable second quarter in 2024, with a 40% increase in revenue year-over-year, totaling $682 million, propelled by a renewed interest in crypto trading. The firm’s crypto transaction-based revenues hit $81 million, accounting for a 161% hike compared… дальше »

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Tether’s $5.2 billion H1 profit sets new high as US treasury holdings surpass Germany

Tether Holdings announced a record-breaking net profit of $5. 2 billion for the first half of 2024. according to its recently released second-quarter attestation conducted by BDO, a leading global independent accounting firm. дальше »

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U.S. House unable to 'override' Biden crypto veto on 'ill-conceived SEC rule'

US House failed to override Biden’s veto on SAB 121 resolution.   Reportedly, the SEC has made concessions on crypto accounting for banks and brokerages.   The U. S. House of RepresentativeThe post U. дальше »

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US House fails to overturn Biden’s veto on SEC crypto rule

US House voted 228-184 in favor of overriding President Joe Biden’s veto of H. J. Res. 109 on SAB 121. The vote however fell short of required two-thirds majority. The US House of Representatives has failed to override US president Joe Biden’s veto on legislation that sought to nullify SEC’s Staff Accounting Bulletin (SAB) 121. дальше »

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U.S. House vote to overturn Biden’s SAB 121 veto set for Wednesday

The U.S. House will vote on a resolution to overturn President Joe Biden’s veto on a bill that had struck down the Securities and Exchange Commission (SEC)’s Staff Accounting Bulletin 121, or SAB 121. Biden vetoed the legislation after the… дальше »

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Polkadot’s $245M Treasury Would Last 2 Years at Current Spending Rate

The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses. дальше »

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Ron Wyden on FISA Reform and Crypto

Sen. Ron Wyden (D-Ore. ) has been a long-standing member of the U. S. Senate, and was a sponsor or co-sponsor of several key pieces of legislation enabling broad adoption of the internet. More recently, he voted in favor of a House Resolution overturning the Securities and Exchange Commission's Staff Accounting Bulletin 121, and questioned threats to personal and financial privacy online. дальше »

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AssangeDAO member Silke Noa says $37M spent to rescue Assange

Silke Noa calls for detailed accounting from the Wau Holland Foundation on the $37 million spent on Assange’s legal defense.

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Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting

Software from Web3 accounting company Tres works with a wide range of digital asset networks, and can be integrated with accounting software such as QuickBooks, Xero and NetSuite. дальше »

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MicroStrategy shares surge 134% and outpaces Bitcoin in 2024

MicroStrategy's shares soar by 132%, outshining Bitcoin and tech stocks, as new US accounting rules enhance Bitcoin's corporate appeal. The post MicroStrategy shares surge 134% and outpaces Bitcoin in 2024 appeared first on Crypto Briefing. дальше »

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Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners

Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said. дальше »

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House Appropriation budget aims to prevent SEC from implementing SAB 121

An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. дальше »

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House Appropriation bill targets SEC’s controversial SAB 121 amid budget talks

An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. дальше »

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Spot Ethereum ETFs will legitimize crypto, lead to ETH supply crunch – Integral

The launch of spot Ethereum ETF will potentially result in a supply crunch upon launch, crypto accounting software firm Integral on June 3. The projection mirrors the sentiment around spot Bitcoin ETFs before their launch earlier this year. дальше »

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Joe Biden has vetoed bill aimed at overturning SEC crypto accounting standards

Biden vetoes bill targeting SEC crypto rules, citing concerns over regulatory authority. Crypto industry criticizes Biden’s decision, calls it setback for innovation and financial freedom. The veto raises questions about Biden’s stance on crypto regulation and engagement with industry. дальше »

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Presidential Veto Alert: Biden Blocks SAB 121 Overturn

US President Joe Biden has vetoed congressional resolution H. J. Res. 109, which seeks to repeal the US Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121, a controversial guidance measure that is widely viewed as anti-crypto. дальше »

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Biden Vetoes Congress’ Pro-Crypto Resolution, Supports SEC Stance

President Joe Biden vetoed a Congressional resolution to overturn the SEC's Staff Accounting Bulletin No. 121 (SAB 121), showing his administration's commitment to strict financial regulations. дальше »

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Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers

President Biden vetoes bipartisan resolution to overturn SEC's controversial crypto accounting guidance, emphasizing the need for consumer and investor protection in the digital asset market. The post Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers appeared first on Crypto Briefing. дальше »

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U.S. President Biden Vetoes Resolution Overturning SEC Guidance

U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121. дальше »

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Lawmakers urge Biden administration to reconsider veto for SAB 121 repeal

A bipartisan coalition of lawmakers has urged the Biden Administration to abandon its plan to veto the Congressional proposal to repeal the SEC’s controversial Staff Accounting Bulletin No. 121 (SAB 121). дальше »

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Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto

Patrick McHenry and Cynthia Lummis led lawmakers urging Biden to reconsider vetoing bipartisan CRA overturning SEC Staff Accounting Bulletin 121. The post Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto appeared first on Crypto Briefing. дальше »

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Senator Lummis sends letter to Biden urging no veto for SAB 121 repeal

The Senator pointed to the troubling manner in which the Securities and Exchange Commission issued its controversial staff accounting bulletin. дальше »

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Warren expresses support for SEC’s controversial SAB 121 bulletin

Senator Elizabeth Warren described support for the SEC’s Staff Accounting Bulletin (SAB) 121 during a senate hearing on May 16. Warren asserted that the bulletin, which applies to companies that deal with crypto, is designed to provide accounting guidance. дальше »

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US lawmakers vote in favor of repealing controversial SEC accounting rules for crypto

The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the bulletin, while 38 Senators voted against it. дальше »

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U.S. Senate joins House to overturn SEC’s crypto policy

The U. S. Senate voted 60-38 on Thursday to overturn the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121). This move aligns with a similar effort by the House of Representatives to erase the policy. дальше »

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U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat

The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution. дальше »

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