Coinbase recently made headlines when it announced its decision to add Bonk (BONK), a Solana network token, to its list of tradable assets. This move marked a significant addition to Coinbase’s offerings, which already include memecoins like Shiba Inu and Dogecoin. Despite being a memecoin, BONK has managed to secure a position among the top
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Cryptocurrency exchange Gemini has unveiled a reorganization plan that estimates users of its Gemini Earn platform will only recover between 61% and 100% of the value of their pending Earn balance as of January 19, 2023. The plan, disclosed in an update on Gemini’s website, has sparked widespread outrage among users who label it as
The Financial Accounting Standards Board (FASB) has recently adopted revised accounting rules for Bitcoin. This decision has brought significant changes to the financial landscape for corporations as it introduces fair value accounting for Bitcoin. This move aligns the treatment of Bitcoin with other financial assets. A Watershed Moment in Corporate Finance The adoption of fair
As the cryptocurrency market continues to evolve, JPMorgan analysts have taken a cautious stance. However, they are predicting that Ethereum (ETH) will surpass Bitcoin (BTC) and other digital currencies in terms of market price performance by 2024. This unique perspective within the institution highlights the analysts’ optimism for Ethereum and its potential compared to other
Binance, a prominent cryptocurrency exchange, has recently submitted two crucial filings in response to an ongoing case initiated by the U.S. Securities and Exchange Commission (SEC). These filings aim to dismiss the SEC’s case against Binance and its former CEO, Changpeng Zhao, and challenge the allegations made by the regulatory body. In this article, we
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently reached a settlement with cryptocurrency exchange CoinList regarding violations of sanctions related to Russia and Ukraine. Over a two-year period, CoinList processed 989 transactions worth $1.25 million from users residing in Crimea, a disputed region that was annexed by Russia in 2014. OFAC deemed this
The recent correction in the Bitcoin market, which brought the price back to $40,000, has caused some investors to panic sell in an attempt to avoid further losses. However, with the selling pressure subsiding, the cryptocurrency has been slowly recovering. Despite the current price sitting at $40,000, there is a prediction by one crypto analyst
Cardano (ADA) has been making waves in the cryptocurrency market, despite the current slump in the overall market. LuckSide Crypto, a well-known crypto analyst, recently shared his positive outlook on Cardano in a YouTube video released on December 12th. In this article, we will delve into the analyst’s perspectives and explore the potential factors behind
Shiba Inu, despite the prevailing bearish trend in the market, has been experiencing a bullish return, thanks to the growing adoption of the Shibarium Layer 2 network. Notably, it is the large holders who are spearheading this upward trajectory. Recent on-chain data from IntoTheBlock reveals a remarkable surge in positive net flows by these large
Coinbase Global Inc. has recently announced its plans to expand its services by introducing spot crypto trading on its international exchange. This move is part of Coinbase’s global expansion strategy, aimed at catering to users who may have reservations about U.S.-based platforms. While Coinbase’s stock has shown significant growth this year, it still has a
