Coinbase, a popular cryptocurrency exchange platform, is facing potential regulatory challenges over its compliance with new FASB accounting rules that are set to shift the accounting and disclosure practices for digital assets. The new rules, which move towards a fair-value model from a cost-less-impairment model, have raised concerns among accounting experts regarding the company’s financial
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The crypto industry has seen a surge in interest over the past few years, with individuals like Dalmas leading the way in providing unique insights and analysis. His background in mechanical engineering and extensive experience in journalism have equipped him with a diverse skill set that goes beyond the typical crypto reporter. From NFTs to
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Bitcoin’s price has experienced a sharp decline in recent days after failing to maintain levels above $70K. The market is currently approaching a critical level, with the price now nearing the pivotal $60K support level. The 200-day moving average, which sits at around $58K, could be tested if the price breaks below $60K. The mid-term
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Bitcoin is currently facing a significant decline in its price, inching closer to the pivotal $60,000 mark. The market sentiment has shifted to a more bearish tone due to various macroeconomic factors and an increase in selling pressure. This shift has caused Bitcoin to struggle in maintaining higher price levels, leading to concern among investors
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In recent years, there has been a surge in the popularity of digital collectibles, with NFTs leading the way as non-fungible tokens that have captured the attention of artists, collectors, and investors alike. Unlike cryptocurrencies like Bitcoin or Ethereum, NFTs represent ownership of unique digital assets such as art, music, videos, and more. The non-fungibility
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The data from Token Terminal reveals an impressive surge in monthly stablecoin transfer volumes, reaching over $1.68 trillion in April. This significant increase from the $100 billion recorded in October 2020 highlights the growing potential of stablecoins in revolutionizing financial processes and enabling seamless cross-border transfers. The analysis includes stablecoins issued by major players like
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In the realm of cryptocurrency, Artificial Intelligence (AI) has been gaining significant traction, particularly in the last 30 days. A recent report from the market intelligence platform Santiment unveiled the top 10 AI cryptocurrencies that have seen the most development activity during this period. NEAR Protocol, leading the pack with an index of 173.5, has
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The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant downturn, dropping more than 10% to its lowest level since December 2023. In just 24 hours, the token plummeted from $27.87 to an intraday low of $24.92, marking a dramatic 37% decline over the past month. This steep decline in value reflects
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