U.S. accounting-standards group proposes way to see stablecoins as 'cash equivalent'
The Financial Accounting Standards Board, a nonprofit that governs accounting practices, proposed that certain stablecoins should fit the bill as cash-like.
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The Financial Accounting Standards Board, a nonprofit that governs accounting practices, proposed that certain stablecoins should fit the bill as cash-like.
The Securities and Exchange Commission issued the "Regulation Crypto" proposal after having cancelled a meeting days before meant to vote on it.
This is the first time a U.S. government entity has publicly replaced its blockchain infrastructure specifically on security grounds.
Bitcoin's price swings have hit a cycle low, squeezed by a market tug-of-war with no clear winner. The traders who once lived off its chaos have taken their risk appetite elsewhere.
The exchange said it is the first crypto company to offer European customers both traditional U.S. equities and tokenized versions of those assets on a single regulated platform.
WLFI says the AI platform is independent and uses USD1 as a payment rail, but would not say whether it has equity, financing, revenue-sharing or other economic interests in the company.
Miners with AI and high-performance computing contracts have commanded higher valuations as declining bitcoin prices and hashprice squeeze pure-play operators.
Long-term borrowing costs are reaching multi-decade highs as U.S. debt approaches $40 trillion and AI hyperscalers accelerate bond issuance.
The deal involves Metaplanet contributing 2,100 bitcoin and $2.5 million in cash, valuing the initial investment at $134.6 million.
Following institutional trials, the HKD-pegged asset is being put to work to capture part of Hong Kong's $49 billion trade corridor with the United Arab Emirates
The Wall Street bank plans to let clients hold bitcoin alongside traditional assets through its new Custody+ platform.
Inflated valuations and weak business models are driving crypto’s shakeout, Global Settlement Network CEO Ryan Kirkley says.