Bitfinex Collaborates With Celsius Network to Offer Bitfinex Customers Access to Celsius Rates For Crypto Holdings

October 15, 2020 @ 2:31 pm By Samantha Hurst |

Digital asset exchange Bitfinex announced on Thursday it is teaming up with cryptocurrency reward-earning platform Celsius Network to offer its customers easy access to Celsius’ rates for earning rewards on crypto holdings. The duo notably aims to “empower” the crypto community to stabilized the market… Read More

Bitcoin (BTC) has “Irreplaceable” Value in the DeFi Sector, Due to its Outstanding Liquidity, According to Jay Hao from OKEx

October 14, 2020 @ 9:32 pm By Omar Faridi |

Jay Hao, CEO at OKEx, one of the world’s largest crypto exchanges, has provided a breakdown of the number of Bitcoins (BTC) held by major entities. Since the pseudonymous virtual currency’s genesis (or very first) block of transactions was mined back in early 2009, there… Read More

International Standards Body Says Cryptocurrency Holdings Are Not Cash, But May Qualify As Intangible Asset

September 25, 2019 @ 2:45 am By Omar Faridi |

Cryptocurrency holdings are not considered cash, however, they may be classified as an intangible asset, according to the Korea Accounting Institute, which referenced decisions made following a conference in London (in June) by the International Financial Reporting Interpretations Committee (IFRIC). London-headquartered IFRIC, a global accounting… Read More