Rumble shares rise 9% as founder mulls scooping up Bitcoin
Rumble shares soared after the bell as its CEO Chris Pavlovski said he’s considering adding Bitcoin to the video streaming firm’s balance sheet. Go to Source
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Michael Saylor to pitch Microsoft board on Bitcoin buying strategy
MicroStrategy’s Michael Saylor says he’ll get three minutes to pitch Microsoft on why it should buy Bitcoin, claiming it would make it a more stable and less risky stock. Go to Source
BNY Mellon Engages With Banking Regulators to Offer Crypto Custody Services ‘at Scale’
BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative crypto custody market. BNY Mellon Pushes Forward With … Read more
MARA Adopts ‘Full HODL Strategy,’ Surpasses 20,000 BTC Holdings
Marathon Digital Holdings, now known as MARA, has announced a strategic shift to hold all its bitcoin, pushing its current holdings beyond 20,000 BTC. The company has also made a $100 million purchase of bitcoin as part of its new treasury policy. Marathon Digital Rebrands to MARA, Boosts Bitcoin Holdings MARA (Nasdaq: MARA), a leader … Read more
More firms set to add Bitcoin to balance sheets after major rule change
The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy. Go to Source
Coinbase narrows loss while crypto trading volumes fall in Q3
Despite seeing falling trading volumes, Coinbase said they were “pleased” with how the quarter played out. Go to Source
Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’
Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks. Go to Source
FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
“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. Go to Source
How to handle crypto trading gains and losses on your balance sheet
Cryptocurrency taxation and reporting transactions on your balance sheet differ. Here’s how to treat cryptocurrency on your balance sheet. Go to Source
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others … Read more
