Diya

Tesla benefits from new crypto accounting rules, reports $600M gain

The new rule, introduced by the Financial Accounting Standards Board (FASB) in December 2024, now allows companies to update the value of their crypto assets each quarter.

Bitcoin

January 31, 2025by Diya

Trump’s media company launches Truth.Fi, a new crypto investment brand

Truth.Fi is expected to launch in 2025, pending regulatory approvals and the finalisation of agreements. The company will partner with major financial firms, including Charles Schwab, which will act as a custodian for the investment funds.

Cryptocurrency

January 29, 2025by Diya

Crypto exchange KuCoin hit with massive fine for AML failures

The exchange has been accused of lacking proper anti-money laundering (AML) and Know Your Customer (KYC) programs. 

Crypto Regulation

January 28, 2025by Diya

US crypto funds soar to $1.9B following federal support

This surge in global inflows last week is said to be driven by Trump’s executive orders supporting digital assets and Elon Musk’s blockchain initiatives.

Crypto Regulation

January 27, 2025by Diya

Trump proposes national digital asset stockpile in new crypto order

Trump’s new order creates a crypto task force, bans CBDCs and explores a national digital asset stockpile using seized crypto to boost US innovation and leadership.

Crypto Regulation

January 24, 2025by Diya