$590M Silk Road Bitcoin sale unlikely, BTC bull rally far from over, and more: Hodler’s Digest Aug 11 – 17

The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year. Crypto companies and institutions holding crypto assets have gotten some good news about accounting practices. They will be able to record the value of their crypto more realistically under rule changes in the United

India's largest cryptocurrency exchange will use Unstoppable Domains to create and host blockchain-based URLs, despite the nation's impending Bitcoin ban. 3419 Total views 13 Total shares India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs.Announced on Wednesday, the partnership between Unocoin…

Bitcoin (BTC) mining firm Riot Blockchain has entered into a deal to relocate a portion of its mining operations to a facility in New York operated by Coinmint.Riot claims to have assessed the risks associated with operating in New York amid the COVID-19 pandemic and determined that Coinmint’s “plug and play” infrastructure mitigates many of…

Bitcoin (BTC) is having its third-best month in history, says the creator of a forecasting model that calls for a $100,000 price in 2021.In a tweet on Feb. 14, PlanB, the analyst behind the stock-to-flow model, said many were ignoring just how successful February has been for Bitcoin.February 2020 in top 3 BTC price months“Few…

Global equity markets extended their decline on May 9 and the S&P 500 fell to a new 52-week low. Bitcoin (BTC) dropped to a new year-to-date low and most major altcoins extended their decline as they tracked the weakness in the stock markets.Data from blockchain analytics firm Glassnode shows that Bitcoin inflows to centralized exchanges…

The seemingly highly lucrative Medallion Funds will be able to target CME Group’s cash-settled Bitcoin futures, according to a filing. 1876 Total views 30 Total shares A secretive yet reportedly highly lucrative hedge fund now has the green light to invest in Bitcoin (BTC) futures markets. In a brochure originally dated March 30, the United States…

Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects.As a crypto-native trading firm, meaning digital assets have…