Breaking: FASB’s Shot In The Arm To Bitcoin Community
In what could be a significant development amid a widespread crash in the cryptocurrency market, the Financial Accounting Standards Board (FASB) on Wednesday took a decision for addressing the recognition and measurement of digital assets, in a unanimous vote. In this regard, deliberations would be held to review accounting for exchange-traded digital assets and commodities. The post Breaking: FASB’s Shot In The Arm To Bitcoin Community appeared first on CoinGape.
Coinbase Misses First Quarter Revenue, $COIN Shares Plummet
Cryptocurrency exchange Coinbase reported a 35% drop in revenue in the first quarter as volatile market conditions and lower crypto asset prices directly impacted its results. Its total revenue in the quarter fell to $1.17 billion from $1.80 billion in the same quarter last year. Trading volume and monthly users fell Trading volumes in The post Coinbase Misses First Quarter Revenue, $COIN Shares Plummet appeared first on CoinGape.
Just-In: English Football Club Arsenal Enters NFT Craze
English football club Arsenal is partnering with Unagi’s fantasy football game Ultimate Champions, the Premier League team announced on Tuesday. The long-term partnership allows users to play cross-league fantasy football free of cost, with an option to trade player NFTs with other users in the platform. Play To Earn NFT Model The fantasy football game The post Just-In: English Football Club Arsenal Enters NFT Craze appeared first on CoinGape.
Breaking: El Salvador Buys 500 More Bitcoin Amid Crypto Crash
In the midst of a tragic cryptocurrency market crash, El Salvador President Nayib Bukele announced the country’s largest purchase so far of Bitcoin. He made the announcement on Monday in a tweet that said, “El Salvador just bought the dip! 500 coins at an average price of $30,744.” El Salvador continues to buy the dip The post Breaking: El Salvador Buys 500 More Bitcoin Amid Crypto Crash appeared first on CoinGape.
Shiba Inu (SHIB) Price Drops By 20%, Lowest In 7 Months
Popular memecoin Shiba Inu hit its lowest threshold in over 7 months on Monday as it dropped by over 20%. The steep fall marks the memecoin’s lowest price since October 2021. From a top of $0.00001885 on Sunday to a bottom of $0.00001492, the SHIB/USD pairing fell by 20.84% within 24 hours. Shiba Inu’s ranking The post Shiba Inu (SHIB) Price Drops By 20%, Lowest In 7 Months appeared first on CoinGape.