#cryptocurrency

The U.S. Financial Accounting Standards Board (FASB) is set to revise accounting standards, allowing companies to assess cryptocurrency holdings based on fair value.

The chatbot Grok, developed by Elon Musk’s team, was asked by X's users if it deals with cryptocurrency. In response, Grok revealed its passion for crypto dating back to its very beginnings.

Crypto enthusiast Preston Pysh has scrutinized the recent proposals by the Financial Crimes Enforcement Network (FinCEN) aimed at tracking all cryptocurrency transactions. He contends that these rules are in conflict with several US laws and the Constitution, and they do not align with the traditional scope of bank transfers.

The Specialized Anti-Corruption Prosecutor's Office has reported that a court has imposed a seizure on the cryptocurrency assets of the State Special Communications Service's former chief.

The cryptocurrency SOL, once championed by Sam Bankman-Fried of the now-bankrupt FTX exchange, has witnessed a remarkable rise, currently priced around $75. At the start of 2023, its cost was approximately $14, indicating an increase of over five times.

Google has timely adjusted its advertising policy regarding cryptocurrency trusts.

Uphold has launched the beta version of the cryptocurrency wallet, equipped with multi-signature and private key recovery features. Initially, it will support Ripple (XRP), with plans to add more coins in the first quarter of 2024.

“I've always been deeply opposed to bitcoin, crypto, etc.,” JPMorgan Chase CEO Jamie Dimon told senators in a hearing examining the U.S. banking industry. He even expressed a desire to ban cryptocurrencies if he had the authority.

The U.S. Securities and Exchange Commission (SEC) has sought to minimize the jury's involvement in the lawsuit against Terraform Labs and its co-founder, Do Kwon. The agency is reluctant to allow jurors to determine if a cryptocurrency constitutes a security.

Wallets linked to the bankrupt companies FTX and Alameda Research have conducted a new round of cryptocurrency transfers, amounting to $10.8 million, to accounts on Coinbase, Binance, and Wintermute.

Binance's newly appointed CEO, Richard Teng, proclaimed that the cryptocurrency exchange is evolving from a defiant tech startup to a conventional financial institution.