Coin Edition
Firms Adopt Fair-Value Accounting Style for Crypto Assets
FASB has recommended fair-value accounting to determine crypto asset value.Firms must examine asset value yearly, noting price drops from the acquisition price.Previously, companies categorized crypto…
FTX Loses 100 Million XEN Tokens to GAS Theft Vulnerability
Bad actors mint XEN tokens for free while FTX pays for the transaction.The exchange has lost above 81 ETH due to the GAS theft vulnerability.A…
Bears Seize Fantom Market as Its Price Declines by 5.51%
FTM loses 5.51% of its recouped value.As FTM prices continue to fall, bears are in charge.At $0.1976, Fantom finds support. Following a brief upward momentum…
Multiple Indicators Suggest That Bitcoin Is Ready for a Rally
BTC’s dominance is gaining momentum in the past few hours.If BTC’s 9 EMA cross the 20 EMA on the 4h chart, it could signal a…
Kazakhstan Proposes To Form Legal Framework for Crypto
New bill states miners will have to mandatorily trade on domestic crypto exchanges.The draft proposes to impose various taxes on miners’ earnings.The focus is on…
Chinese Digital Currency Surpasses 100 Billion Yuan: Claims PBOC
China's digital payment trials complete 100 billion transactio by August 2022. Digital Yuan is China’s take on the Central Bank Digital Currency (CDBC).The country is ramping…
Fed’s Barr Claims Crypto Unlikely To Replace Traditional Currency
The Federal Reserve Vice Chair for Supervision claimed crypto tokens are unlikely to replace traditional currency. Michael Barr further explained that banks should proceed cautiously.Barr explained…
Historical Data Indicates HT and CHSB Prices Might Start Dropping
HT and CHSB might be looking at a price drop soon.CHSB’s price is already dropping as it is down more than 3% today.HT investors may…
TRX Looks Ahead of Partnership, But How High Could It Surge?
TRX took a good surge in the past day in the context of its integration in Dominica.However, today, its value declined along with other major…
Crypto Price Movements for October Contradict Crowd Sentiments
Swing trades have been directed by bullish or bearish sentiments in the market.When sentiments in the markets are bearish, prices usually bounce.Both BTC and ETH…
