Binance Dominates 94% of Crypto Airdrops and Staking Rewards

Binance has solidified its dominance in the airdrop and staking sector, accounting for 94% of rewards. Recent upgrades to its Launchpool and BNB pages aim to improve user experience and participation. дальше »

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BlackRock taps BNY to publish fund data on Ethereum

BNY has announced the expansion of its digital assets platform with the launch of a new tool aimed at delivering both on- and off-chain accounting data to blockchain networks. Editor’s note: This article was updated to reflect that the company… дальше »

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Tether Is Preparing Audits For the Upcoming US Stablecoin Regulation

Tether’s CEO reveals that the company is in discussions with Big Four accounting firms for an audit, a key requirement for stablecoin regulations and potential US government cooperation. However, the crypto community remains doubtful due to past unfulfilled audit promises. дальше »

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Tether eyeing ‘Big Four’ firm for reserve audit: CEO

Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin’s reserves. According to Paolo Ardoino, the chief executive officer of Tether, the company is “engaging” one of the top accounting firm in the world… дальше »

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World Liberty Financial Invests $4 Million in Avalanche and Mantle

WLFI faces an unrealized loss of approximately $118 million, with Ethereum accounting for the largest deficit. The post World Liberty Financial Invests $4 Million in Avalanche and Mantle appeared first on BeInCrypto. дальше »

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The US focus is on tokenization friendly accounting rules | Opinion

This is the third article in a series of articles written by Selva Ozelli focused on stablecoins, tokenized deposits, CBDC, memecoins, and more… дальше »

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Ethena unlocks 8 Million tokens, price unaffected

Ethena just unlocked nearly 8 million tokens, but surprisingly, the unlock event had little impact on the price. On Feb. 12, Ethena (ETH) unlocked 7.93 million tokens, accounting for 0.25% of its total supply, with 65.66% of the supply still… дальше »

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Next 4 Big AI Crypto to Soar to 100x as dApp AI Gains Hype

Although gaming and decentralized finance (DeFi) continued their dominance in the decentralized applications (DApp) space, accounting for a total of around 56% of all active wallets in January, the biggest highlight was AI’s rise to fame. дальше »

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KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure

The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said. дальше »

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Here’s how Tesla’s 11,509 Bitcoin holdings affected Q4 profits

Tesla's Bitcoin holdings surged by $600 million, reflecting new accounting rule benefits. Tesla's net income growth highlights strong financial resilience. Tesla's latest earnings reThe post Here’s how Tesla’s 11,509 Bitcoin holdings affected Q4 profits appeared first on AMBCrypto. дальше »

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Elon Musk’s Tesla Clocks Surprising $600 Million Bitcoin Gain In Q4 Thanks To New Accounting Rule

Elon Musk’s electric car manufacturer, Tesla, reported a $600 million net paper gain on its Bitcoin holdings in the fourth quarter of 2024 after taking advantage of a new accounting rule that allows companies to value digital assets at current market prices each quarter. дальше »

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Bitcoin Bet Pays Off—Tesla Reports $600 Million Gain In Late 2024

Tesla’s Bitcoin bet is paying off in a big way. The electric vehicle giant reported a $600 million unrealized gain on its Bitcoin holdings in Q4 2024, thanks to a new accounting rule update that allows companies to reflect fair market value for their crypto assets. дальше »

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Tesla's Net Income Boosted by Bitcoin Profits

Tesla has booked unrealized Bitcoin gains into profits because of new accounting rule дальше »

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Tesla’s Bitcoin Holdings Boost Q4 Earnings by $600 Million With New Accounting Rule

Tesla’s Bitcoin holdings soared in value due to new FASB accounting rules, adding $600 million to its Q4 earnings. Here’s how this shift reshaped its financials. The post Tesla’s Bitcoin Holdings Boost Q4 Earnings by $600 Million With New Accounting Rule appeared first on BeInCrypto. дальше »

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Binance and OKX lose ground in market share over 2024, while Crypto.com records growth

Crypto. com increased its share of the centralized crypto exchange market in 2024, while industry leaders Binance and OKX saw declines, according to a report from CCData. Among the largest exchanges, Binance, Bybit, and Coinbase led in spot trading volume in December, collectively accounting for 55. дальше »

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Crypto Accounting Platform Cryptio Raises $15M in Series A Extension

Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital. дальше »

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Big Win: SEC Scraps Disastrous Crypto Accounting Rule SAB 121 Just Days After Gensler’s Exit

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SEC разрешила банкам храненить криптовалюты

Комиссия по ценным бумагам и биржам США (SEC) отменила правило SAB 121. Документ фактически запрещал банкам хранить цифровые активы. Bye, bye SAB 121! It's not been fun: https://t. co/cIwUc0isUE | Staff Accounting Bulletin No. дальше »

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Saylor: Banks Now Free to Custody Bitcoin

The SEC has ditched anti-crypto accounting guidelines дальше »

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SEC Cancels Controversial Crypto Accounting Rule SAB 121

Key Takeaways: SEC cancels SAB 121, a rule that made custodied crypto liabilities of companies be recorded. The repeal was a success for the crypto industry and banks, which argued The post SEC Cancels Controversial Crypto Accounting Rule SAB 121 appeared first on CryptoNinjas. дальше »

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SEC scraps SAB 121 rule, easing crypto custody accounting for banks

The repeal of SAB 121 may boost crypto adoption by reducing financial barriers for banks, potentially expanding digital asset services. The post SEC scraps SAB 121 rule, easing crypto custody accounting for banks appeared first on Crypto Briefing. дальше »

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SEC Withdraws Controversial Crypto Financial Reporting Bulletin

The SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to hold crypto. дальше »

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SEC Withdraws Controversial Crypto Tax Accounting Bulletin

The SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to hold crypto. дальше »

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Deribit's Crypto Trading Volume Nearly Doubled to Over $1T in 2024

Total trading volume surged 95%, with options accounting for a giant share of the total platform activity. дальше »

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Ethereum accounted for over 50% of $2.3b lost to hacks and exploits in 2024

Bad actors stole roughly $2.3 billion from web3 projects, with Ethereum accounting for more than half of the total losses. According to the State of Web3 Security in 2024 report from Cyvers, 51% of the stolen funds came from Ethereum-based… дальше »

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Crypto's U.S. Banking Problem Likely Among the First Things Tackled Under Trump

From the debanking crisis to the SEC's crypto accounting standards, the blockade between the digital assets sector and banks may be an easy target. дальше »

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Bitcoin and SAB 121 - Will Trump's first day go the distance for crypto?

Trump is reportedly set to roll back the SAB 121 accounting rule Market expectations for a Strategic BTC reserve in the United States have risen The crypto-market could be in for an early wiThe post Bitcoin and SAB 121 - Will Trump's first day go the distance for crypto? appeared first on AMBCrypto. дальше »

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Accounting rule changes have turned Bitcoin from risky venture to corporate must-have – Bitwise

Bitwise chief investment officer Matthew Hougan believes that companies adding Bitcoin (BTC) to their balance sheets are no longer an anomaly but a burgeoning megatrend that could transform the crypto market this year. дальше »

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Bitwise CIO says corporate Bitcoin buying is set to explode

Bitwise CIO Matt Hougan predicts a surge in corporate bitcoin adoption, driven by new accounting rules and reduced risks. The post Bitwise CIO says corporate Bitcoin buying is set to explode appeared first on Crypto Briefing. дальше »

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IRS delays FIFO rule until late 2025 - Will it ease crypto tax burdens?

IRS delays FIFO rule, giving crypto investors time to use flexible accounting methods like HIFO and Spec ID. Legal challenges question IRS’s expanded reporting rules for digital assets, citinThe post IRS delays FIFO rule until late 2025 - Will it ease crypto tax burdens? appeared first on AMBCrypto. дальше »

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Crypto Daybook Americas: Bitcoin Tops $106K as New Accounting Rule Takes Effect

Your day-ahead look for Dec. 16, 2024 дальше »

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Crypto products record 10th consecutive week of inflows at $3.2B

Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.

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New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption

The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting. дальше »

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FASB’s Fair Value accounting rules for Bitcoin will officially take effect today

As of today, the Financial Accounting Standards Board will put its fair value accounting rules on BTC and other eligible crypto assets into effect.  дальше »

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A Critical Review of Payment Features: How Coinbase Wallet’s Tap-to-Pay Stands Against Plus Wallet’s Diverse Capabilities

By November 2024, the number of global cryptocurrency holders has risen to approximately 560 million, accounting for about 6. 8% of the global population. This remarkable increase in adoption highlights the critical need for wallets that are both user-friendly and secure. дальше »

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Andrea Perlak, Founder of Crypto Accounting Group Talks Blockchain and Legislation

Blockchain technology is on the cusp of revolutionizing the way companies do business, and it’s been a long time coming. The web has evolved from dial-up to the current Web2, dominated by companies that offer services in exchange for personal data. дальше »

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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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