​​🤓 The US has approved rules for accounting for crypto assets for companies

The US Financial Accounting Standards Board (FASB) has approved rules for accounting for cryptocurrencies at fair market value.

The new measures will take effect from 2025. However, companies can start implementing them sooner.

In effect, this innovation allows companies to buy and hold crypto assets in corporate treasuries without balance sheet penalties.

Companies will also be able to display profits and losses for this item in their reports.

MicroStrategy founder Michael Saylor said the new rules remove a major obstacle to corporate adoption of Bitcoin as a treasury asset.

The Interchain Foundation, which supports the Cosmos blockchain ecosystem, detailed $26.4 million of planned funding in 2024. That compares with a $40 million budget estimate for 2023, released in February 2023, though final spending numbers are not in yet.
$3,000,000 will be allocated to ensure the continued modularity, efficiency, and stability of CometBFT, the Byzantine fault-tolerant engine for state machine replication.
$4,500,000 will be allocated to expand composability of the Cosmos SDK, the world's most popular framework for building secure and highly performant application-specific blockchains.
$7,500,000 will be allocated to the Inter-Blockchain Communication Protocol, the leading blockchain interoperability protocol, enabling secure and permissionless transfer of arbitrary data for dedicated expansion across blockchain ecosystems.
$2,500,000 will be allocated to CosmWasm, the smart contract framework focusing on security, performance, and interoperability to enhance dApp functionality and IBC connectivity.
$155,000 will be allocated to CosmJS, a library that helps developers integrate their JavaScript-based clients - frontend user interfaces or server-side clients - with Cosmos SDK blockchain to bridge gaps in Cosmos SDK compatibility.
$1,500,000 will be allocated towards security audits for the Interchain Stack.
#TheInterchainFoundation #Cosmos #ATOM #blockchain

Liquid Collective, "an institutional liquid staking protocol that achieved 900% TVL growth in Q3 alone, announced that BitGo has joined as a custodian to offer Qualified Custody for LsETH, Liquid Collective’s receipt token," according to the team. "This move represents BitGo’s entrance into the institutional liquid staking space, as Liquid Collective’s LsETH is the first and only Liquid Staking Token (LST) that BitGo offers custody support for. BitGo’s support of LsETH will allow all BitGo users and LsETH holders to participate securely in the largest DeFi sector."
#LiquidCollective

Shiba Inu (SHIB) is a decentralized, community-led cryptocurrency that was developed to answer a simple question: What would happen if a cryptocurrency project was 100 percent run by its community? Originating in late 2020, this Ethereum-based token has grown into a global phenomenon, accepted at numerous locations as a form of payment, either directly or via third-party intermediaries. The Shiba Inu ecosystem is not just about the SHIB token: it also includes other tokens like LEASH and BONE, includes a decentralized exchange called Shibaswap that allows users to provide liquidity, stake, and swap tokens to receive compensation, and includes ShibaSwap's Staking Pools. Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins.

What is the history of Shiba Inu?
Shiba Inu was created in August 2020 by an individual or group of individuals under the pseudonym "Ryoshi." The token quickly gained traction, and its popularity surged even further when a significant portion of the SHIB supply was burned, meaning destroyed, hence increasing its rarity. The token's Shiba Inu's history is marked by its community-driven approach, with its creator, Ryoshi, emphasizing the importance of a decentralized, community-led project.

How do I buy Shiba Inu?
You can buy, send, and receive SHIB from a few different crypto exchanges like Coinbase, for example. Because SHIB is issued as an Ethereum token, it's compatible with Ethereum wallets like Coinbase Wallet and available on decentralized exchanges (or DEXs) like UniSwap.

How is SHIB different from DOGE?
SHIB, unlike DOGE, is compatible with the Ethereum ecosystem — which has allowed the community to create crypto apps like ShibaSwap, a DEX running on the Ethereum blockchain that allows users to trade and stake tokens without an intermediary.
#shib $SHIB

Dogecoin (DOGE) is an open-source, peer-to-peer digital asset inspired by the popular "doge" internet meme featuring a Shiba Inu dog. Created by Billy Markus and Jackson Palmer, Dogecoin was introduced in December 2013 as an alternative to Bitcoin, with the intention to reach a broader audience. Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant — with 10,000 new coins mined every minute and no maximum supply. The creators envisioned Dogecoin as a friendly digital asset, and this ethos is encapsulated in its unofficial tagline: "Do Only Good Everyday". Dogecoin operates on blockchain technology, a decentralized system that records transactions on a public ledger maintained by a network of computers or nodes. For most of its existence, Dogecoin (pronounced "dohj coin") was considered to be an amusing "memecoin" beloved by its community — but with relatively little value. That changed in 2021, when DOGE became one of the larger cryptocurrencies by market cap — with a total value that topped $80 billion in 2021, even though each individual coin is worth pennies.

What is the history of Dogecoin?

Dogecoin was created in December 2013 by Billy Markus, a programmer from Portland, Oregon, and Jackson Palmer, a marketer from Sydney, Australia. The creators intended Dogecoin to be a friendly, light-hearted digital asset that would appeal to more than just the core Bitcoin audience. The Dogecoin logo, featuring a Shiba Inu dog, was inspired by the popular "doge" internet meme. In 2014, a non-profit foundation was formed to provide support and governance for the Dogecoin project. After several years of inactivity, the foundation was relaunched in 2021 with a renewed focus on supporting the Dogecoin ecosystem and promoting the future of the Dogecoin blockchain.

#Dogecoin #Doge

XRP is the native digital asset of the XRP Ledger (XRPL), an open-source, decentralized technology that was launched in 2021. The XRPL is permissionless and offers several benefits including low-cost transactions, quick settlement times, scalability, and eco-friendly attributes. XRP, the digital currency, was introduced as an alternative to other digital currencies with a focus on speed and energy efficiency. The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol, making it a versatile tool in the digital currency space.

How does XRP work?
XRP operates on the XRP Ledger, which uses a unique Federated Consensus mechanism to validate transactions. Transactions are confirmed through a consensus protocol, where independent servers, known as validators, agree on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed immediately. The XRP Ledger is transparent and public, and anyone can operate a validator. This Federated Consensus mechanism aims to process all verified transactions without a single point of failure, as no single participant makes a decision independently.

XRP and the XRP Ledger were launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto as an alternative to the Bitcoin blockchain with a focus on speed and energy efficiency. In September of the same year, they, along with Chris Larsen, founded the company that is today known as Ripple. The XRP Ledger architects gifted a large amount of XRP to Ripple so that the company could build use cases around the digital asset. Since its inception, the XRP Ledger has been operating reliably. However, since late 2020, Ripple Labs, the creators of the XRP token, has been in a legal battle with the United States Securities and Exchange Commission over whether or not XRP is a security.
#XRPcommunity #xrp #XRP $XRP

The price of Solana (SOL) has increased today.

Today the price of Solana (SOL) is $69.07 . Trading volume for 24 hours - $2,114,698,459.53 . The price has increased by 2.11% in the last 24 hours and increased by 8.81% in the last 7 days. There are currently 427.41 million SOL in circulation. Solana's market capitalization is $29,204,995,057 .

What is Solana? (SOL)

Crypto Solana is a high throughput blockchain based on Proof of History (PoH) and Proof of Stake (PoS) consensus. Created by a team of network engineers, Solana aims to be the blockchain infrastructure for modern Internet applications.

Solana is a general purpose blockchain similar to Ethereum. It has a different technical component, so developers write applications using Rust rather than Solidity or Vyper. End-user applications currently include decentralized finance (DeFi), non-fungible tokens (NFTs), marketplaces, games and more.

One of the main features of Solana is its scalability, thanks to which it is capable of processing more than 700,000 transactions per second. Its high throughput attracts high-frequency traders led by FTX and Alameda Research. The first example of a DeFi application on Solana is Serum, created by the team behind FTX.

Solana's native currency is SOL. Solana (SOL) is used to pay transaction fees and staking to support the network.

With the advent of multi-chain and increased adoption of DeFi and NFTs, Solana has managed to capture a larger share of the market. Developers were attracted by the technical basis and began creating decentralized applications.

What is the daily trading volume for Solana (SOL)?

Solana (SOL) trading volume over the last 24 hours is $2,114,698,452 . This figure decreased by -17.80% compared to a day ago, indicating a recent drop in market activity.

What is the all-time high price for Solana (SOL)?

The maximum price of Solana (SOL) of $259.96 was recorded on Nov. 06, 2021 (about 2 years). The current price is -73.79% lower.

#Solana📈🚀🌐 #Solana #SOL $SOL

The price of Cosmos Hub (ATOM) has decreased today.
Today the price of Cosmos Hub (ATOM) is $11.07. Trading volume for 24 hours - $391,985,574.54. The price has decreased by -5.37% in the last 24 hours and increased by 10.74% in the last 7 days. There are currently 292.59 million ATOMs in circulation.

Market capitalization of Cosmos Hub is $3,243,046,505.

What is the daily trading volume of Cosmos Hub (ATOM)?
Cosmos Hub (ATOM) trading volume over the last 24 hours is $391,896,677. This figure decreased by -36.40% compared to a day ago, indicating a recent decline in market activity.
#ATOM #ATOM/USDT #CosmosATOM $ATOM

$Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon network, which is used to scale Ethereum. Polygon's goal is to enable faster and cheaper transactions on Ethereum using Layer 2 sidechains, i.e. blockchains that run parallel to the main Ethereum blockchain. Users can send Ethereum tokens to a Polygon smart contract address, transact with them in Polygon, and then withdraw them back to the main Ethereum blockchain. MATIC tokens are used to pay transaction fees and participate in the proof-of-stake consensus.
#matik #matikpolygon $MATIC $ETH

The NEAR Protocol (NEAR) cryptocurrency is a payment unit of an open-source smart contract platform. The platform is designed to solve the problem of scaling Ethereum and creating decentralized applications. It is compatible with its blockchain and has high throughput. The consensus algorithm is Proof-of-Stake.

From January 2021 to its all-time high, NEAR has grown by more than 1,300%. The coin set price records several times, after which it retreated to strong support levels. Will NEAR be able to show such good results next year?

IAFT experts have collected long-term price forecasts for NEAR Protocol (NEAR) for 1, 3, 7, 10 years ahead, which were prepared by leading analytical platforms. Also in our article you can get cryptocurrency signals and forecasts for the NEAR rate for today and for the week. Signals are based on technical analysis indicators .
#NEAR #nearprotocol #NEARtop $NEAR

$Avalance (AVAX) is a platform for developing decentralized applications, which was created as a competitor to Ethereum. The platform was launched in the fall of 2020. In just a few weeks, it managed to break into the TOP 20 cryptocurrencies in terms of capitalization due to competitive advantages: the speed of processing transactions on the network is about 4,500 transactions per second, the amount of commission for creating a subnetwork is up to 0.01 AVAX. The platform is built on three types of blockchains, responsible for coordinating communications between validators, creating Ethereum-compatible smart contracts, and exchanging information between subnets. The consensus algorithm is Snowman (a unique platform development).

In 2021, AVAX prices increased from 2.84 USD to 114.16 USD. This rapid growth is partly due to the increase in overall market capitalization. But some analysts believe that Avalanche has its own internal potential, which in the future will allow it to overtake the market in growth rates and come close to its main competitor Ethereum. Will Avalanche be able to meet investors' expectations and reach new all-time highs?

IAFT experts have collected long-term price forecasts for Avalanche (AVAX) for 1, 3, 7, 10 years ahead, which were prepared by leading analytical platforms. Also in our article you can get cryptocurrency signals and AVAX rate forecasts for today and for the week. Signals are based on technical analysis indicators .
#Avalanche #AVAX

ACE (ACE) is a cryptocurrency launched in 2019and operates on the EOS platform. ACE has a current supply of 2,000,000,000 with 0 in circulation. The last known price of ACE is 0.00544988 USD and is down -0.01 over the last 24 hours. It is currently trading on 1 active market(s) with $322.25 traded over the last 24 hours.#Launchpool #ACE #ACENT