Layer-3 network Degen Chain hasn’t produced a block in 53 hours
Degen Chain says it’s working to resolve an issue that has seen its network stop producing blocks for more than two days.
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Bitcoin and Ether lead $17.8B crypto inflows
Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.
Ripple files Form C, appeals SEC ruling on XRP institutional sales
Ripple challenges SEC’s ruling on institutional XRP sales, claiming the Howey test was misapplied.
Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally
AXS, the native token of Axie Infinity, a play-to-earn nonfungible token (NFT) game built atop the Ethereum blockchain, rallied more than 100% on a quarter-to-date (QTD) timeframe to refresh a new record high above $155. Nonetheless, the cryptocurrency now risks paring a portion of its recent gains as a key technical indicator, dubbed the relative strength index…
Singapore Carpooling App Ryde Launches Wallet for BTC Payments
Singaporean carpooling app Ryde announced the launch of its own cryptocurrency wallet which will facilitate Bitcoin payments for its service. 777 Total views 39 Total shares Singaporean carpooling app Ryde announced the launch of its own cryptocurrency wallet which will facilitate Bitcoin (BTC) payments for its service.In an announcement shared with Cointelegraph on June 17,…
Chile: Anti-monopoly Court Rules to Keep Crypto Exchanges’ Bank Accounts Open
The Chilean anti-monopoly court has again granted protection to local cryptocurrency exchanges by forcing banks to keep their accounts open, financial news outlet Diario Financiero reported Jan. 2.According to a recent statement from Buda.com — one of the crypto exchanges affected by previously upheld banking restrictions — the anit-monopoly court known as the Tribunal de…
Ripple, Coinbase, a16z invest $78M in pro-crypto PAC ahead of US elections
Prominent cryptocurrency companies and investors intend to support pro-cryptocurrency candidates during the 2024 U.S. election cycle. 385 Total views 1 Total shares Ripple CEO Brad Garlinghouse has publicly announced the company’s intent to support “pro-crypto’ candidates during the 2024 United States election season. The company is among a group to have pledged a total of
Bitcoin hits $49K as BTC price gets unlikely boost from Erdoğan’s Turkish lira tinkering
The man who declared “war” on crypto in September helps fuel snap overnight gains. 2910 Total views 42 Total shares Bitcoin (BTC) rebounded over 5% on Dec. 21 as a dramatic turnaround in the fortunes of the Turkish lira boosted investors’ confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWishing on a sentiment flipData from Cointelegraph Markets…
How to handle crypto trading gains and losses on your balance sheet
Currently, no accounting standards are dedicated to crypto assets, so broader guidelines per the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Practice (GAAP) are applied to cryptocurrency accounting.Balance sheets are among the three primary financial statements that businesses need, alongside income and cash flow statements. Whereas income and cash flow statements show a