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“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital. The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital. On Sept. 6, the U.S. Financial Accounting Standards Board (FASB) approved new rules for crypto currencies with regard to how companies report the fair value of their holdings on their balance sheets. In a follow-up analyst note from Berenberg’s senior equity research analyst Mark Palmer, the analyst argued the changes would be particularly beneficial for companies such as Microstrategy, who will soon be able to report their digital asset holdings each quarter without having to realize impairment losses. “The change should help MicroStrategy and other companies that hold digital as...

During the event, the Shiba Inu ecosystem’s Worldpaper will be exhibited, all Shiba Inu branded projects will be published, and Treat token details will be published in detail for the first time. advertisement Shytoshi Kusama also said the team will also discuss and likely release the long-awaited L2 Shibarium during the event. He noted that it coincides with Shiba Inu’s third anniversary and it is also the birthplace of Ethereum. As part of the Blockchain Futurist Conference, Shibarium will hold a multi-month hackathon. Two booths will detail Shibarium and SHIB-themed products, platforms, and services such as Shib the Metaverse, Shibacals, Shiba Eternity, Shiboshis, and others. Moreover, Unification , BadIdea.Ai , and new partners and projects building with Shibarium Tech will be on display at the event. Recommended Articles Crypto Presale Projects For...

Despite the Securities and Exchange Commission’s crackdown on prominent participants in the industry, many traditional finance giants remain undeterred in their pursuit of crypto-related opportunities. Though regulatory clarity will be key for such companies, industry watchers said, financial heavyweights look to utilize their regulatory muscle and large client bases to move deeper into crypto in a bid to help shape the future of finance. Since the SEC sued Binance and Coinbase, competing exchanges have delisted tokens that the SEC deemed securities, including Robinhood, eToro, and Bakkt. The SEC kicked off 2023 with a lawsuit against Gemini and Genesis for allegedly mishandling customer funds. It telegraphed its lawsuit against Coinbase by slapping the company with a Wells notice in March. Despite the SEC’s ramp-up of enforcement actions in the space, certain TradFi firms are staying the course — seemingly viewing the space as a long-term play. BlackRock, Deutsche Bank, Citadel ...