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The Financial Accounting Standards Board (FASB) unveiled new regulations requiring companies to value Bitcoin and cryptocurrencies at fair value. These regulations are scheduled to take effect on December 15th, 2024, although companies have the option to adopt them sooner. These guidelines in the U.S. mandate that businesses report the
Blockstream, a Bitcoin infrastructure company, recently announced the launch of the second series of its Bitcoin-based investment product, the Blockstream ASIC (BASIC) Note. This follows the initial series, which reportedly met with high demand from investors. The first series was launched in September 2023, during which Blockstream invested approximately $4.
In a recent CNBC interview, Gensler revealed that the SEC is currently evaluating "between eight and a dozen filings" for a spot Bitcoin ETF. https://twitter.com/GhostofWhitman/status/1735406953294155903 However, while addressing the submissions, he hinted at the SEC's track record of rejecting similar proposals
News - Bitcoin - Dec 15, 2023In a recent CNBC interview, Gensler revealed that the SEC is currently evaluating "between eight and a dozen filings" for a spot Bitcoin ETF. https://twitter.com/GhostofWhitman/status/1735406953294155903 However, while addressing the submissions, he hinted at the SEC's track record of rejecting similar proposals
News - Bitcoin - Dec 15, 2023The Financial Accounting Standards Board (FASB) unveiled new regulations requiring companies to value Bitcoin and cryptocurrencies at fair value. These regulations are scheduled to take effect on December 15th, 2024, although companies have the option to adopt them sooner. These guidelines in the U.S. mandate that businesses report the
News - Bitcoin - Dec 13, 2023Blockstream, a Bitcoin infrastructure company, recently announced the launch of the second series of its Bitcoin-based investment product, the Blockstream ASIC (BASIC) Note. This follows the initial series, which reportedly met with high demand from investors. The first series was launched in September 2023, during which Blockstream invested approximately $4.
News - Bitcoin - Dec 13, 2023Today, U.S. Senator Elizabeth Warren proposed a bill aimed at tackling the purported misuse of digital currencies in illegal activities, highlighting issues such as money laundering, drug trafficking, and evasion of sanctions, among others. https://twitter.com/BITVOLT7/status/1734278575694717046 The legislation, backed by a group within the Banking
News - Bitcoin - Dec 11, 2023El Salvador's government, in collaboration with Tether, has launched a new initiative called the "Adopting El Salvador Freedom Visa Program." This program seeks individuals to contribute to El Salvador's development in various sectors including culture, technology, and economy. It offers participants the opportunity to
News - Bitcoin - Dec 08, 2023JAN3, a prominent player in the Bitcoin industry, recently launched JAN3 Financial. This new venture is designed to facilitate the entry of nation-states and affluent individuals into the Bitcoin market. The initiative addresses the increasing interest from national governments, public institutions, major corporations, and wealthy individuals in acquiring and managing
News - Bitcoin - Dec 07, 2023During a hearing before the U.S. Congress, the CEO of JPMorgan Chase sparked debate with his critical views on Bitcoin and the cryptocurrency market. He stated that if he were in a governmental position, he would take steps to "close down" Bitcoin and cryptocurrencies. https://twitter.com/
News - Bitcoin - Dec 06, 2023BlackRock has updated its S-1 form for the iShares Bitcoin Trust, a proposed spot Bitcoin exchange-traded fund (ETF), with a seed investment of $100,000. On December 4th, 2023, the company introduced a number of amendments focusing on aspects such as the Trust’s structure, operations, risks, and disclosures. These
News - Bitcoin - Dec 06, 2023