The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets. Author: Nelson Wang
Archives for August 2022
Binance Froze Russian Gun Maker’s Crypto Assets, Likely at Ukraine’s Request
Vladislav Lobaev, a Russian gun manufacturer, raised $21,000 in crypto for the war in Ukraine before the world’s largest crypto exchange locked down the funds. Author: Anna Baydakova
S. Korean City Busan Taps FTX to Develop Crypto Exchange, Promote Blockchain Businesses
Busan aims to position itself as a blockchain hub in the coming years and signed on crypto exchange Binance for similar efforts last week. Author: Shaurya Malwa
First Mover Asia: Bitcoin Claws Back Above $20K; Singapore Bank Head’s Speech Reflects Growing Crypto Hostility
In his speech, Ravi Menon spoke in favor of digital asset innovation but not cryptocurrency speculation. But the Monetary Authority of Singapore’s approach may not be realistic. Author: Sam Reynolds, James Rubin
NFT Collective PROOF Raises $50M in Funding Round Led by a16z
The funds will help the company launch its latest Moonbirds NFT collection and a social platform for NFT collectors. Author: Elizabeth Napolitano
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