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- Crypto Alpha, Week 50 2023
Crypto Alpha, Week 50 2023
All things Crypto, Web3 and Blockchain to keep you updated
TLDR: Fair Value Accounting for Bitcoin, Ethereum ETFs Delayed, Flipkart & Polygon Partners Up, Synthetix Token Inflation Ends, Namada Launch on Cosmos Interchain, Trump Launches NTFs.
Bitcoin Highlights of the Week
El Salvador's move towards integrating BTC into its financial landscape has reached a pivotal milestone. The eagerly anticipated "Volcano Bonds", have received regulatory approval for issuance in early 2024.
The BTC project Babylon emerges as a beacon of DeFi. With an ambitious goal of transforming all 21 million BTC into a staking asset through PoS mechanisms, Babylon has secured a significant stride forward.
River introduces River Link which is a platform that allow easy Bitcoin transfers via text message to anyone and anywhere, regardless of their wallet or location.
For fiscal years beginning after Dec 15 2024, the FASB will adopt Fair Value Accounting for Bitcoin. This essentially means, that the adoption of $BTC as a treasury reserve asset by corporations worldwide will begin.
Crusoe Energy has launched its new project in Argentina's Vaca Muerta oilfield where it will be converting 2 million cubic feet of wasted gas daily to power 12MW worth of Bitcoin miners.
Ethereum Highlights of the Week
The SEC has decided to push back approvals of a number of Ethereum spot ETFs to May 2024. Among the applicants affected are ARK Invest and 21Shares.
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