Month: June 2021

Clarity needed in crypto-assets accounting


As cryptocurrencies continue to evolve and are used more widely, there is continued debate around the importance of an accounting and regulatory framework that is fit for purpose.

At a glance

  • Crypto-assets have been growing in number and type in the past few years but, at present, there is no legal or commonly accepted definition of the terms.
  • In June…

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Is Dogecoin About To CRASH 90%?



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US Congressman Calls for Law Allowing Government to Reverse Cryptocurrency Transactions – Regulation Bitcoin News

A U.S. congressman has called for a law that allows the government to identify cryptocurrency users and reverse crypto transactions. “There’s a significant sentiment, increasing sentiment, in Congress that if you’re participating in an anonymous crypto transaction that you’re a de-facto participant in a criminal conspiracy,” he said.

Rep. Bill Foster Stresses the Need for Law to Allow the Government to Reverse Crypto Transactions

Democratic Rep. Bill Foster of Illinois, who is also co-chair of the Congressional Blockchain Caucus, talked about cryptocurrency regulation during an Axios virtual event Tuesday. Addressing the problem of ransomware attacks and how criminals are asking for…

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Teen web developer creates cutting-edge Bitcoin forecasting website

Josh Ternyak is only 16 years old, but he’s an “Old Soul” when it comes to website design. He’s created a one-stop-shop Bitcoin forecasting website, and it’s free.

MANKATO, Minn. — Bitcoin.

It’s considered by many to be the future of currency. It’s so cutting-edge, Elon Musk placed the handle, #bitcoin, on his Twitter profile back in January 2021, Tweeting, “In retrospect, it was inevitable.”

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Bitcoin, Cardano & Stellar – American Wrap 30 June

Bitcoin, Ethereum and Ripple overcome minor resistance levels in the latest step of advancing their rebounds from June 22 lows. Significant obstacles remain, creating technical headwinds as the cryptocurrency complex attempts to leave the second quarter corrections in the past.  Meanwhile, the South Africa financial regulator says its hands are tied in an alleged $3.6 billion Bitcoin fraud, but it will introduce new regulations in the coming months.

Cardano price…

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SHIB coin: Shiba Inu coin could spike again. Do you invest?

Shiba Inu coin might be headed for a bump by the end of the week, according to experts at FX Street.

What are current Shib coin predictions?

Per FX Street, Shiba Inu coin is set to reach $0.00001 in value. It will likely hit $0.0000093 first after already reaching $0.0000085.

  • For context, a single Shib coin was worth $0.00000664 in the middle of June, as I explained for the Deseret News.

Why did Shib coin spike?

Shib Inu coin market spiked by 25% after SpaceX founder Elon Musk tweeted…

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ASX drops, crypto recovers, tax cuts come into effect

It’s the first day of the new financial year. Here’s what you’ll want to know about this morning. Source: Yahoo Finance/Getty

Good morning.

Welcome to the first day of the new financial year. Here’s everything you need to know about finance markets for today.

ASX: The Australian share market looks set to edge lower on Thursday. According to the latest SPI futures, the ASX 200 is expected to open the day 3 points or 0.05 per cent lower this morning.

Wall Street: It’s been a mixed night of trade…

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Elon Musk’s Starlink Progress With Plan to Debut Globally, Compete Against MTN, Airtel, Glo in Nigeria ▷ Nigeria news

  • Elon Musk is gearing towards expanding Starlink’s global reach as the company has spent between $5 billion and $10 billion to launch thousands of satellite
  • Starlink is expected to gulp between $20 billion or $30 billion for the network provider to compete at optimal against global rivals
  • The number of Starlink users is projected to grow to about half a million by next year, and Nigerians will eventually become subscribers as the firm as met with FG

PAY ATTENTION: Join a community of…

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Top Analyst Says He’s Bullish on Ethereum and Cardano – But Another Altcoin Is Looking Stronger

Cryptocurrency analyst and YouTuber Jason Pizzino is considering several crypto assets as the market bounces off of its recent lows.

Pizzino tells his 190,000 YouTube subscribers that he’s bullish on Ethereum in the long run, although he expects ETH to drop against Bitcoin in the near term.

 

“ETH, it’s one of those ones I’m happy holding…

I still think it’s got a little further to fall. It is starting to slow. I wouldn’t be so surprised if I…

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Cryptocurrencies Are on FinCEN’s First ‘National Priorities’ List

The U.S. Financial Crimes Enforcement Network (FinCEN), an agency of the Treasury Department tasked with preventing and punishing money laundering and other financial crimes, has reiterated its longstanding attention to cryptocurrency.

In the agency’s first list of government-wide priorities published Wednesday, FinCEN identified eight priorities: corruption, cybercrime and relevant virtual currency considerations, terrorist financing, fraud, transnational criminal organization activity, drug trafficking, human trafficking and proliferation financing. 

So far, the agency’s list of priorities is not connected to any policies. According to FinCEN’s statement, the agency “will issue regulations at a later date that will specify how financial institutions should incorporate these…

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