US accounting standards board rules will reflect institutional crypto assets’ fair value
The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year. Go to Source
Cryptocurrencies
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Web3 chess game developer shutters play-to-earn due to “heavy cheating”
Both in-game Checkmate token rewards and NFT gameplay modes will be disabled. Go to Source
Cosmos Interchain Foundation budgets $26M for ecosystem development in 2024
The amount allocated is down from a budget of $40 million in 2023. Go to Source
Crypto hacking losses plunge by nearly 50% in 2023 – Research
Blockchain intelligence firm TRM Labs credits this decline to several critical factors, including enhanced security measures, law enforcement and industry coordination. Go to Source
3AC co-founder Su Zhu set to be released by year-end after court grilling: Report
Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon. Go to Source
SEC wants Binance guilt admission added to own case
Binance said the SEC hasn’t demonstrated that the resolutions reached with the DOJ are pertinent to the regulator’s “faulty claims” against Binance Holdings and former CEO Changpeng Zhao. Go to Source
Former U.S. President Donald Trump launches ‘MugShot’ themed NFT drop
“Never surrender!” the former U.S. President wrote. Go to Source
Two individuals indicted for $25M AI crypto trading scam: DOJ
Defendants David Gilbert Saffron and Vincent Anthony Mazzotta Jr. allegedly solicited users’ deposits for investment and used them for lavish personal expenditures. Go to Source
Crypto platform WOO X partners with market maker Wintermute for liquidity boost
Aside from Wintermute, other leading liquidity providers, including Selini Capital and Black Code Group, also support WOO X. Go to Source
More US senators back Elizabeth Warren’s AML bill targeting crypto
The legislation, reintroduced in July, already has the support of several U.S. lawmakers, but critics have suggested it could threaten financial freedom and privacy. Go to Source