Playboy Lost $4.9M on Ether It Accepted as NFT Payments
“The market price of one [ether] in our principal market ranged from $964 to $3,813 during the year ended Dec. 31, 2022, but the carrying value of each Ethereum we held at the end of the reporting period reflects the lowest price of one Ethereum quoted on the active exchange at any time since its receipt,” according to the filing. “Therefore, negative swings in the market price of Ethereum could have a material impact on the company’s earnings and carrying value, while only time a rise in prices will impact the company’s earnings positively, is when the Ethereum held in the balance sheet, are sold at a gain,” the filing said.
Related Posts


China’s Inner Mongolia to Shutter ‘Illegal’ Bitcoin Miners by October
news China’s Inner Mongolia autonomous region is carrying out an inspection to eliminate “illegal” bitcoin mining operations by October, a government spokesman told CoinDesk, confirming a local report. The official document detailing the inspection plan was leaked to Chinese media which published photos of the decree from the Inner Mongolian regional authority. “The inspection is…

DePIN Media Network PTK Starts Up on Coinbase’s Base to Bring Transparency to Making Movies
PKT is a decentralized media network on Base co-founded by the producer of the blockbuster Oblivion. PKT aims to be a decentralized version of Roku or Apple TV. PKT, a decentralized media network built by three brothers frustrated with Hollywood’s film business, is becoming one of the first DePIN projects to launch on Base, Coinbase’s

CBDC Issuance Is ‘Not a Reaction’ to Libra, Says Central Bank Body
Jun 25, 2020 at 12:00 UTCThe Botta Building in Basel (Fred Romero/Flickr)CBDC Issuance Is ‘Not a Reaction’ to Libra, Says Central Bank BodyThe Bank for International Settlements (BIS), the so-called bank for central banks, rejected the popular narrative that private sector stablecoin proposals (read: Libra) have been key in spurring the issuance of central bank…

CipherTrace Outlines Regulatory Gray Zones Plaguing Booming DeFi Sector
Oct 1, 2020 at 13:00 UTCUpdated Oct 1, 2020 at 13:07 UTCCipherTrace Outlines Regulatory Gray Zones Plaguing Booming DeFi SectorThe exploding decentralized finance (DeFi) space is now firmly on the radar of regulators and concerns are growing that it could become a magnet for criminal or nefarious activity, according to blockchain analytics provider CipherTrace.DeFi has…

‘Not a White Paper’: Marketing Document Details $1 Billion Bitfinex Token Sale
news New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds. Released today on Twitter by known company shareholder…

Charlie Lee, Adam Back Lead $3.1M Private Token Raise for Blockchain Game ‘Infinite Fleet’
Aug 3, 2020 at 10:20 UTCUpdated Aug 3, 2020 at 10:34 UTCInfinite Fleet artwork (Pixelmatic/Infinite Fleet)Charlie Lee, Adam Back Lead $3.1M Private Token Raise for Blockchain Game ‘Infinite Fleet’Online space strategy game “Infinite Fleet,” developed by Pixelmatic, has raised $3.1 million through a private security token offering (STO). Announced Friday, the round can be broken…

Crypto for Advisors: Unlocking Crypto Custody
One of the challenges investors and advisors face when looking at digital asset investing is the custody of these assets. The recent spot bitcoin ETF approvals provide exposure to bitcoin with custody taken care of as part of the package. However, many investors already hold or are interested in owning the assets directly and understanding

XRP Trading Volumes Hit $2.5B on South Korean Exchange UpBit
Trading volumes of XRP tokens against the Korean won hit $2.5 billion on South Korean exchange UpBit in the past 24 hours, the highest among counterparts, in a sign of speculative frenzy.This was more than 50% of the total trading volumes on UpBit in that period. Data shows market depth stood at nearly $5 million…