Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear

Unfortunately, because bitcoin is treated as an indefinite-lived intangible asset, the company is not allowed to increase the value of the bitcoin to accurately represent the financial reality that the asset it holds is now worth more. Mark-to-market assets, in contrast, allow companies to adjust the value of an asset to reflect its value as determined by current market conditions. If bitcoin were allowed to be treated as a mark-to-market asset, companies could do this. Source

Axie Infinity is painting a giant bearish pattern — will AXS price crash another 95%?

Axie Infinity (AXS) has been forming a giant bearish reversal pattern since July last year, which could send its prices down by another 95% in 2022. AXS risks one big breakdown Dubbed the “inverted cup and handle,” the pattern is identified by its large crescent shape followed by a modest upward retracement. It typically resolves after the price breaks out of the rising channel, followed by another break below the cup-and-handle’s neckline support. Meanwhile, as a rule of technical analysis, an inverted cup and handle breakout leads the price to…

Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’ – Economics Bitcoin News

In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 months now, and media reports are beginning to note his administration was wrong about inflation and his administration has made “dubious claims about inflation’s peak.” Meanwhile, the Biden administration and a few reports suggest there are “signs inflation may have…

XRP Major Price Action Seen Enroute $0.5 In The Coming Days

XRP price has been sluggish for the longest time, even though XRP has grappled to set foot on $0.4 zone in which an upswing could push the price far reaching above $0.5 in the next few days. During the crypto crash in May, XRP was seen to lose its hold on $0.55 and have been under the pivotal support line ever since. Following that, the token has been still and hasn’t displayed any bullish movement halting any uptrend. Suggested Reading | Solana (SOL) To Hit $166 By 2025, Despite Current Bearish…

Bitcoin and Ethereum Outlook (A Discussion With VentureFounder)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 1:04 – BTC TA/Outlook 8:56 – Paths after BTC bottom? 10:45 – BTC On Chain Data 18:10 – BTC Dominance 21:28 – ETH TA/Outlook 29:15 – Final Thoughts It is time to continue our collaboration series! In this video we talk with VentureFounder about their #Bitcoin and #Ethereum outlook? Where are we in the current market cycle and what can we expect? In this video we look at price and on-chain charts! Follow VentureFounder on Twitter: Into The Cryptoverse Premium SALE: LIFETIME…

6 Questions for Pat Duffy of The Giving Block – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Pat Duffy, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies.   Pat is co-founder of The Giving Block, and has raised over $100,000,000 in crypto for nonprofits in the last year. From 2020 to 2022, Pat and…

How much does it cost to create a Security Token Offering Platform?

Over the past few years, crowdfunding has gained more popularity after the emergence of cryptocurrencies. Many people are showing more interest in participating in crowdfunding campaigns. A factor that plays a vital role in attracting most investors to crypto crowdfunding is the inclusion of blockchain technology. There are numerous types of crypto crowdfunding prevailing in the crypto ecosystem. They are ICO, STO, IEO, etc. Among these methods, the security token offering is more popular based on the security features it offers. In this blog, we shall discuss all the complete…

Blockchain from Scratch in Python Tutorial

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io An introduction to blockchain technologies with python. Now that we have developed a basic peer-to-peer network in C, I want to begin implementing some elements from blockchain into the network. To ensure that everyone is on the same page, I am going to build a simple blockchain from scratch in Python so that we can understand how it works at a more fundamental level. Source Code: Discord Server: SHA-256 video by learnmeabitcoin: 00:00:00 – 00:01:22 Introduction 00:01:22 – 00:03:36 Virtual Environment 00:03:36…