Today, the Financial Accounting Standards Board (FASB) announced new rules that will require companies to account for cryptocurrencies like Bitcoin at fair value. The rules are set to go into effect on December 15, 2024, but companies will be able to apply them earlier than that. Under the new guidelines, which are the first of their kind […]

Immutable’s blockchain protocol will allow the game studio to cut out gas fees for users, which are widely cited as a significant barrier to Web3 gaming adoption.

Former President Donald Trump has once again entered the world of non-fungible tokens (NFTs), launching a new collection that has stirred up the market. Despite the volatility and unpredictability of the crypto market, Trump’s venture into NFTs has proven profitable, with earnings ranging from $500,000 to $1 million. In a concise video of slightly more […]

Bitcoin exchange and infrastructure provider Blockchain.com is bucking the bear market with a commitment to hire more staff in 2024. Moreover, the company is looking to expand into Europe and emerging markets. On December 13, Bloomberg reported that Blockchain.com, an early adopter of crypto technology, plans to expand its workforce by 25% in the first […]

As spot Bitcoin exchange-traded fund (ETF) issuers iron out details of their filings with the U.S. securities regulator, it appears that the SEC is steadfast in demanding a “cash” redemption model rather than alternative model proposed by other issuers, such as BlackRock. On Dec. 14 finance lawyer Scott Johnsson said that ETF applicant Invesco has […]

Top analyst pours cold water on $100 billion inflow expectations on Bitcoin ETF

Coinbase is expanding its global footprint by improving spot markets for perpetual futures traders to enhance the overall trading experience. The approach includes the strategic placement of servers worldwide to reduce latency. In the initial phase, Coinbase will list BTC-USDC and ETH-USDC pairs on December 14, exclusively through API access for non-US institutional clients. Global […]

Recent reports have revealed that Bitcoin (BTC) is experiencing a significant surge in whale activity, which has since caused quite a stir in the entire crypto community. Bitcoin Experiences Surge In Whale Transactions  According to Whale Alert, Bitcoin has been displaying a surge in whale transactions over the past 24 hours.  The crypto tracker recently […]

Circle CEO Jeremy Allaire says that the stablecoin industry is set to flourish in the coming years. In a new interview with CNBC Television, Allaire says that the modern features of stablecoins will allow the industry to see explosive growth over the next few years as demand for online digital dollars rises. “Digital dollars that […]

TLDR New meme coin RebelSatoshi combines a revolutionary goal and DeFi rewards Binance proves a positive influence in the recent Terra Classic rally ORDI dips slightly below $50 after sentiment expressed by Bitcoin developer The crypto market is in a buying frenzy, as old coins like Terra Classic (LUNC) and recent ones like ORDI (ORDI) […]

Coinbase and Coinbase Asset Management have introduced “Project Diamond,” a platform powered by smart contracts. This new system aims to enable institutions by facilitating the seamless creation, administration, purchase, and sale of various digitally native assets directly on the blockchain. “Project Diamond” According to the official announcement, Coinbase Asset Management has specified that the initial […]

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The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin has seen a slight reversal in its ongoing rally over the last months of 2023. […]

A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol’s treasury and that customer funds weren’t impacted.

The Bitcoin price experienced a notable downturn as selling pressure intensified, resulting in a decline of over 4% from its annual peak of $44,500. This downturn was further exacerbated by the loss of the crucial $42,000 support level.  However, the largest cryptocurrency in the market received a substantial uplift from the US Financial Accounting Standards […]

One Ethereum (ETH)-based gaming altcoin soared as a crypto whale suddenly moved a massive amount of the project’s tokens off an exchange, on-chain data shows. As reported by blockchain tracking firm Lookonchain, layer-2 scaling solution ImmutableX (IMX) shot up 20% as a crypto whale made big moves. “The price of IMX increased by 20% today. […]

Understanding the volatility and movements of the crypto market, specifically in Ethereum (ETH) , has been an emotional roller coaster for investors during November and these first days of December. According to a detailed technical analysis, at the beginning of last month, Ethereum was trading around $1,800, sparking a bull run that looked promising. This […]

In a groundbreaking move, Galaxy, in collaboration with DWS and Flow Traders, has announced its intention to launch a regulated Euro-denominated stablecoin. This initiative, named AllUnity, is expected to unlock the potential of the on-chain economy and accelerate the adoption of digital assets. The crypto community is set to witness the introduction of a new […]

The post Not Everything Is Better On-Chain appeared first on Crypto News Australia.

Cardano’s ADA is significantly outperforming other altcoins with a notable 89% rally in a month, almost doubling its value and igniting speculations about reaching the one-dollar mark. Santiment’s analysis suggests that the ADA price surge followed a significant drop in small wallets, indicating a sell-off by small investors due to a lack of confidence. Paradoxically […]

Max Keiser announced he expects new Bitcoin historic peak coming, suggesting what may help BTC surge to reach it

“The SEC’s approach is wrong, and I think that they’re already paying for it,” stated Dr. Zvi Gabbay, a partner and the head of the Capital Markets Department at the Barnea & Co. law firm, in a critical commentary on the US Securities and Exchange Commission’s (SEC) current strategy in dealing with the cryptocurrency market. […]

Despite this week’s meltdown, Binance Coin (BNB) showed strength and continued to increase steadily. It is now forming a bullish pattern after charting a 10% gain in the past week. More gains lie ahead. BNB ended last week’s trading in a slightly bullish mode on the short-term after consolidating under $235 for two weeks. The […]

The crypto bear market is officially over, and Bitcoin (BTC) will pump “significantly higher” over the next 18 to 24 months, according to popular trading analyst and Reflexivity Research co-founder Will Clemente. In a thread posted to X on Wednesday, the trader highlighted various on-chain signals that crypto inflows are coming back, and BTC is […]

… cryptocurrency. The study compiled a list of more than 300 major companies known to accept cryptocurrency methods and categorized them into …

Bitwise isn’t alone in its bullishness on stablecoins with Circle CEO Jeremy Allaire predicting the explosive growth of the sector due to a “huge appetite” for digital dollars.

Bitcoin saw a rather rapid correction at the start of the week which brought it back to the $40,000 level. This correction understandably shook up some investors in the market, who rushed to panic sell in order to avoid more losses. Once the selling began to die down, the price of the cryptocurrency has been […]

Decentralized Finance (DeFi) is like a revolutionary makeover for the financial world. Simply put, it’s a way of doing finance using a blockchain technology system where people can interact directly without relying on traditional financial institutions. Originally linked to cryptocurrencies, DeFi has now grown beyond just digital money. It has become a game-changer by including […]

Bitcoin (BTC) has been marked by a notable trend: the phenomenon of “HODL’ing”, which refers to the long-term holding of the cryptocurrency. Recent data from Glassnode reveals that over 70% of the circulating supply of Bitcoin has remained dormant for at least a year. HODLing remains the preferential market dynamics amongst #Bitcoin investors with mature […]

Coinbase, one of the leading crypto exchange platforms, has announced a significant expansion aimed at its International Exchange. This strategy’s main objective is to offer spot markets outside the United States to meet the specific demands and needs of its extensive global user base. The announcement highlights the introduction of spot trading operations for eligible […]

Users’ data privacy and the growing need for it to be protected is a topic that people worldwide are reminded of on a near daily basis. For example, just two days ago, on Dec. 11, Toyota warned customers about a potential data breach, stating that “sensitive personal and financial data was exposed in the attack.” […]

Blockchain Association Executive Director Kristen Smith foresees 2024 as a pivotal year for the crypto industry