Month: December 2024

Russian Settlements Face Another Blow: U.S. Treasury Hints at Sanctions Against Chinese Banks

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U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous measures. US Treasury Prepared to Enact Sanctions Against Chinese Banks … Read more

Bitget Receives Bitcoin License in El Salvador, Securing Its Entrance Into Latam

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Bitget, a South Africa-based cryptocurrency exchange, has recently announced that it received a Bitcoin Service Provider (BSP) license in El Salvador, opening the doors to start operating locally. This milestone allows the company to “offer services such as bitcoin-to-fiat currency exchanges, bitcoin payment facilitation, and secure bitcoin custody solutions for its clientele,” according to a … Read more

Freeland Resigns, Is Trudeau Next? Exit Odds Surge in Betting Markets

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The halls of Canadian Parliament have been buzzing with turmoil following the resignation of Chrystia Freeland, Canada’s finance minister and deputy prime minister. Adding fuel to the fire, speculation is mounting among Polymarket bettors and the general public that Prime Minister Justin Trudeau might also step down as the fallout continues. Canada’s Political Powder Keg: … Read more

FASB Fair Value Standard for Crypto Goes Live

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The new accounting update could be a boon for firms seeking bitcoin corporate treasuries. New Accounting Standard Recognizes Crypto Gains An accounting standard that addresses the fair value of crypto assets went into effect yesterday and may have a positive impact on companies seeking to establish bitcoin (BTC) treasuries by allowing firms to report both … Read more