Crypto News Center

FASB Fair Value Standard for Crypto Goes Live

The new accounting update could be a boon for firms seeking bitcoin corporate treasuries. New Accounting Standard Recognizes Crypto Gains An accounting standard that addresses the fair value of crypto assets went into effect yesterday and may have a positive impact on companies seeking to establish bitcoin (BTC) treasuries by allowing firms to report both price gains and losses instead of just the latter. Accounting Standards Update 2023-08 (ASU 2023-08)...

Nigeria Arrests 792 Suspected Crypto Scammers

By Philip Maina 9 hours agoWed Dec 18 2024 11:46:11 Reading Time: 2 minutes Nigeria has arrested 792 individuals suspected to be crypto scammers The individuals allegedly majored in investment and pig butchering scams The group stationed their operations in a building that could be mistaken for “a corporate headquarters of a financial establishment” Nigerian authorities have arrested 792 individuals believed to be crypto scammers targeting victims in the United...

Top 10 Gainers Of The Week: $USUAL, $MOVE, And $HYPE Lead Amid Market Volatility

While the broader crypto market faced significant turbulence this past week, a few tokens stood out by defying the downward trend. Among the top performers were newly launched tokens like $USUAL, $MOVE, and $HYPE, which maintained their bullish momentum. Even stablecoins showcased remarkable resilience, providing stability amidst the chaos. Interestingly, $Fartcoin and $BGB also moved counter to the market sentiment, continuing their upward trajectory. One of the standout tokens, $USUAL,...