By Omkar Godbole (All times Eastern Time unless otherwise noted)Imagine you have a rare collectible. Aged like a fine wine, but only with the original price tag. This is how American companies are told to value Bitcoin… stuck in the past instead of reflecting Bitcoin’s true value. This will change from today.Yes, today is when the FASB fair value accounting rules passed in 2023 go into effect. This allows businesses to report their Bitcoin holdings at fair market value rather than purchase price. This change will give businesses more control over how they classify these assets and could accelerate enterprise…
Author: Crypto Flexs
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Felix Pinkston December 16, 2024 08:45 GitHub experienced performance issues in November 2024 due to a database error. This incident impacted dotcom customers with an hour-long delay in notifications. According to GitHub, in November 2024, GitHub experienced a single incident that impacted service performance. An outage that occurred on November 19 impacted our notification service, resulting in delays in sending notifications to dotcom customers. Accident Details The incident began at 10:56 UTC and lasted 1 hour and 7 minutes. During this time, the database host went into read-only mode after a maintenance process, which…
A veteran cryptocurrency trader says one digital asset sector is secretly poised for a repeat of its 2021 rally. A pseudonymous trader known as Bluntz told his 304,000 followers on social media platform Blunts says: “The president is accumulating DeFi coins and creating his own DeFi company. I think it’s safe to assume that DeFi has now been de-risked and scheduled for a repeat in 2021.” Cryptocurrency intelligence platform Arkham recently reported that Trump’s World Liberty Financial (WLFI) platform purchased $50 million worth of DeFi coins, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). Noting the purchases in WLFI, Bluntz…
Louisa Crawford December 16, 2024 09:14 BitTorrent Inc. has released BTFS protocol v3.2.0 beta, introducing important updates including CID filtering, resource summarization, and file modification timestamps. BitTorrent File System (BTFS) has announced the beta release of v3.2.0, its latest version with enhancements aimed at improving user experience and network efficiency. According to BitTorrent Inc., the new update introduces several major upgrades designed to improve the distributed file system and increase its functionality. Major upgrades from v3.2.0 beta The latest release of the BTFS protocol includes important improvements, such as the implementation of BTIP-79, which…
Daily trading volume on the Blur NFT marketplace has increased fivefold over the past month. Short-term traders have fallen into a trap as BLUR shows upward trend bars amid the recent overall market correction. Daily trading volume on the Blur (BLUR) NFT marketplace increased more than fivefold in November. This was the largest spike ever, with volume exceeding $35 million. This surge coincides with heightened activity suggesting growing interest in NFT platforms, which could potentially impact the BLUR token price. In particular, volume spikes were inconsistent. Instead, it came in sudden bursts, indicating reactive trading behavior. Source: Token Terminal If…
Timothy Morano December 16, 2024 03:52 Major companies such as Tesla and MicroStrategy are adopting Bitcoin as a treasury asset, leveraging its deflationary characteristics as a hedge against inflation and economic uncertainty. The corporate world is increasingly turning to Bitcoin (BTC) as a treasury asset, leading to significant changes in financial strategies globally. According to blog.bitfinex.com, companies are leveraging Bitcoin’s deflationary properties as a hedge against inflation and economic instability. Following pioneers like MicroStrategy, this trend is gaining momentum across a variety of sectors and geographies, with key examples including Tesla, Tether Holdings, and…
A man posing as an Uber driver has been arrested in Scottsdale, Arizona, accused of stealing a total of $300,000 worth of cryptocurrency from two unsuspecting passengers.According to a Dec. 12 report from Fox10 Phoenix, the Scottsdale Police Department said Nurhussein Hussein lured victims waiting outside the W Hotel in Scottsdale in March and October by calling them by name and posing as the Uber they had ordered. claimed.Authorities allege that Noor Hussein Hussein kidnapped two victims outside the W Hotel in Scottsdale and stole $300,000 in cryptocurrency. Source: Google After boarding the vehicle, Hussain asked to borrow the passenger’s…
just alvin December 16, 2024 04:20 BitMEX announced the launch of the VELOUSDT perpetual swap, which offers traders up to 50x leverage. The listing will begin on December 16, 2024, enhancing the trading options on the platform. BitMEX has unveiled a new trading opportunity for cryptocurrency enthusiasts with the launch of the VELOUSDT perpetual swap. According to BitMEX, as of December 16, 2024, traders will be able to engage in trading with up to 50x leverage. This development marks a significant addition to the platform’s derivatives offering and provides users with improved leverage options.…
partEthereum’s scalability issues: Ethereum’s high usage leads to network congestion and high fees, which are alleviated by layer 2 solutions like Optimism.How Optimism Works: Optimism leverages Optimistic Rollup to process off-chain transactions, improving scalability and efficiency.Key features and benefits: Optimism offers faster transaction speeds, lower gas fees, and an improved user experience.Use cases: Optimism can be used for DeFi interactions on platforms like Uniswap and Aave, seamless gaming transactions with NFTs, and efficient cryptocurrency utilization and management through the self-custodial BitPay Wallet that supports the Optimism Network.Ethereum, a leading platform for decentralized applications (DApps) and smart contracts, faces significant scalability…
Louisa Crawford December 16, 2024 03:30 BitMEX announced the launch of the VELOUSDT perpetual swap, which offers traders up to 50x leverage. The new list will be available from December 16, 2024. Leading cryptocurrency exchange BitMEX will expand its trading services by introducing a new perpetual swap for VELOUSDT. According to BitMEX, the listing, which will list on December 16, 2024 at 04:00 UTC, will allow traders to engage in highly leveraged trading with the opportunity to leverage up to 50x their positions. New opportunities for traders The addition of VELOUSDT to BitMEX’s trading…