Until now, cryptocurrency assets were considered indefinite-lived intangible assets under Generally Accepted Accounting Principles (GAAP).
BrianHitachi and Concordium are developing a biometric crypto wallet in the proof-of-technology stage, enabling secure access through fingerprint or facial scans.
Hui XinThis stash, known as protocol owned liquidity (POL), belonged solely to Yearn's treasury and did not involve any user funds.
BrianOpenAI partners with Axel Springer to integrate AI into journalism, aiming to enhance news access and accuracy while navigating challenges of misinformation and the need for human oversight.
YouQuanLine Next, the NFT subsidiary of Line, the Japanese messaging giant, successfully concluded a substantial $140 million funding round. Spearheaded by Crescendo Equity Partners, this investment stands out as the most substantial support for an Asian blockchain company this year.
JoySnapchat+ transforms creativity for 7 million users with AI features, offering enhanced images, instant snaps, and upgraded Dreams effects, marking strategic advances in engagement and growth.
Hui XinAmidst a dynamic shift in the crypto exchange market, DEXs experience a surge in trading volumes while CEXs like Binance and Coinbase maintain a dominant market share.
YouQuanInvestors in Australia are counting losses in the wake of crypto investment schemes, such as HyperFund and HyperVerse, escaping regulatory scrutiny despite international alerts branding them as potential scams. The schemes, led by Sam Lee and Zijing "Ryan" Xu, founders of the now-collapsed Blockchain Global, have left thousands globally unable to withdraw funds. Concerns arise about Australia's regulatory role in warning investors and addressing high-risk schemes.
JoyKuCoin settles for $22 million, ending operations in New York to comply with regulations—a significant move in the crypto industry's compliance journey.
Hui XinFlutterwave expands its executive team with experienced hires from leading firms like Binance.US and PayPal, signalling ambitious global growth and a strategic shift in leadership.
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