This means that these gains and losses would directly hit these companies’ net income. The other choice would be to have companies record the swings in the value of their crypto holdings in “other comprehensive income,” which wouldn’t impact earnings. Source
Layer-1 decentralized blockchain Koinos is set to launch its mainnet on Nov. 5. It will be a free-to-use platform based on a Proof-of-Burn (PoB) consensus algorithm, built to deliver more efficiency and access to developers in Web3. Formed by a group of blockchain veterans behind the Steem blockchain and steemit.com, the platform was built without venture capital funds, Initial Coin Offerings, pre-mine or any other early distribution of tokens to insiders, said the company. Ahead of the release, Andrew Levine, co-founder and CEO of Koinos Group, explained to Cointelegraph the…
Bitcoin traded above the psychologically important price level for a 10th consecutive day, even as stocks took a hit from U.S. central banks’ ongoing move to tighten monetary conditions. Original
“Si piensas en una hiperbitcoinización para todos los países del mundo, podría tomar 20 o 30 años. Pero si estás pensando en una cantidad significativa de países, digamos América del Norte, Europa y algunos países en América Latina y África, creo que definitivamente podría ser posible alrededor del 2030”, le comentó Mow a CoinDesk en una entrevista. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Most Will MISS This Next Move…” Chamath Palihapitiya INSANE New Bitcoin & Ethereum Prediction Chamath Palihapitiya absolutely nailed the tops of markets at the end of 2021 and was ridiculed by news outlets for beginning to unload positions. However, in hindsight, he couldn’t of timed his selling any better. With news coming out from US Tech giants such as Apple that they are beginning to lay off staff, Chamath, in his latest interview, explains why this is actually a hugely positive signal…
La DAO ayudará al gobierno a comprender lo que estas organizaciones pueden conseguir y a identificar sus limitaciones, según las minutas de una reunión del ministerio. Además, también quiere analizar cuestiones como la posición legal de los tokens que son utilizados para votar. Source
Bitcoin (BTC) lingered lower on Nov. 3 as the aftermath of the Federal Reserve interest rate hike subsided. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trading range forms with $20,000 at center Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering just above $20,000 on the day. The pair had seen flash volatility as the Fed hiked 0.75%, fakeout moves up and down triggering liquidations both long and short. Cross-crypto liquidations for the 24 hours to the time of writing totaled $165 million, data from Coinglass confirmed. Bitcoin ultimately…
On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority of the Monetary Policy Committee (MPC) members voted in favor of the 75bps increase. Bank of England Hikes Repo Rate by 75bps, Monetary Policy Committee Insists More Rate Increases Will Be Needed to Obtain 2% Inflation Rate Goal Seven out of nine MPC members voted in favor of a…
The Digital Agency of Japan, aimed at harmonizing nationwide initiatives related to digital transformation, has launched a research decentralized autonomous organization, or DAO, targeting Web3. In a Nov. 2 meeting, the Digital Agency said it had established a DAO in an effort to explore the “functions and roles” of DAOs. The group added it would consider the benefits and challenges of granting the DAO legal status in Japan, citing the U.S. state of Wyoming approving similar legislation in July 2021. According to the Digital Agency, it planned to investigate aspects…
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