Author: American Coins & Gold

FASB Confirms 'Fair Value' Approach for Corporate Crypto Holdings
The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let corporations recognize “fair value” changes in crypto holdings.

S&P Faults Biggest Stablecoin, Tether's USDT, as It Debuts New Industry Ranking
USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat.

Tether Scores Second-Lowest Rank in S&P Global Stablecoin Stability Assessment
USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat.

Argentina's Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%
The government’s official rate is now 800 pesos to the dollar versus 400 previously.

Turkey’s Banking Giants Go Big on Crypto as Legislation Looms
This week, two of the country’s largest banks announced crypto initiatives.

First Mover Americas: Revised BlackRock Bitcoin ETF Filing Invites Participation From U.S. Banks
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Sam Altman Is Bringing Worldcoin's Controversial Eye-Scanning Orb to Reddit and Microsoft
Shopify, Minecraft, and Reddit will begin using World ID to identify some users.

Sam Altman's Retina-Scanning Orb to Become More Useful with World ID 2.0
Shopify, Minecraft, and Reddit will begin using World ID to identify some users.

Blockstream Preps New Sale of Notes Designed to Profit From Rebounding BTC Mining-Rig Prices

HTX, Poloniex Assets are '100% Safe' Says Justin Sun After 0M Hack
Both exchanges lost a combined total of more than $200 million in a series of hacks last month.