One solution to have almost immediate finalization is Avalanche (BCH). It's not fault of the Bitcoin protocol but the BTC roadmap. Same as 5. The more txs you fit​.
Table of contents
- A long-running joke brought to life
- Everyone is talking up bitcoin as cryptocurrencies go mainstream | Financial Post
- Breadcrumb Trail Links
- Crypto hedge funds see big returns as bitcoin boom gains steam: CNBC After Hours
- Financial News
REUTERS - When Mr Elon Musk's Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency. Yet there is unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds convention.
Proponents of the cryptocurrency see it as a hedge against inflation at a time of unprecedented government stimulus, a falling dollar and record-low interest rates that make attractive high-yielding assets hard to find. While the moves have prompted more boardroom discussions though, headaches from bitcoin's volatility to accounting for it and storing it are likely to preclude a big wave of companies holding large amounts on balance sheets in the short term, according to over a dozen financial officers, board members and accountants interviewed by Reuters.
- soilbtc.
- After GameStop, the rise of Dogecoin shows us how memes can move markets.
- bcc-wallet.btc.com review.
- how to take payment through bitcoin.
One problem could lie in the devil of the accounting detail in a bookkeeping industry that, like many others, is still taking stock of the nature of cryptocurrencies. However, consistent with discussions among a separate US trade body, companies apply existing FASB guidance on the accounting for "intangible assets", which usually include intellectual property, brand recognition or goodwill.
A long-running joke brought to life
Under these rules, companies other than investment firms or broker-dealers cannot book gains in the value of holdings should the price of bitcoin rise - but must write down their investment as an impairment charge if it falls. Furthermore, once a company writes down its holdings, it cannot record subsequent gains until it sells. By contrast, companies periodically reflect the impact of fluctuations in traditional currencies in their financial statements. Outside the United States, cryptocurrencies are usually treated as intangible assets too. But in contrast to guidance under the FASB rules, write-downs can be reversed in future years.
In certain cases, companies can record bitcoin at market value. Of course, if the price of bitcoin rises, a company can always simply sell its holdings, thus realising some gains.
Everyone is talking up bitcoin as cryptocurrencies go mainstream | Financial Post
Yet it is still a risky investment, given the cryptocurrency's record of wild swings. In an inflationary crisis, governments will move to squash competitors in the currency arena. Burry shot to fame after his billion-dollar bet against the US housing bubble was chronicled in the book and movie "The Big Short. The Scion Asset Management chief underscored the rising threat of inflation in a flurry of follow-up tweets. Parsson, to drive his message home.
Breadcrumb Trail Links
Burry highlighted passages from the book about the recurrence of inflation throughout history, how it's usually preceded by an economic boom and a spike in overnight fortunes, and how it leads to soaring crime, surging living costs, and poverty. The investor compared Germany's path to hyperinflation in the s to America's current trajectory. Read more: JPMorgan says buy these 40 stocks set to soar as bond yields make a surprising jump higher. COVID has also prompted central banks to create massive amounts of traditional money as well, teeing up the theory that bitcoin and other digital assets offer a possible hedge against a potential burst of inflation and the depreciation of traditional currencies.
For example, Mastercard Inc. It may act as a fund administrator, but said it does not currently provide custody for cryptocurrency. Still, it may be that more traditional financial institutions will soon find themselves being prodded to offer similar services.
Crypto hedge funds see big returns as bitcoin boom gains steam: CNBC After Hours
You're not going to see the large Canadian banks play a major part in the cryptocurrency surge that's happening right now. For one thing, their method of accounting means that cryptocurrency would not be considered cash on their balance sheets, according to Rob Colangelo, senior vice-president, global financial institutions group, at DBRS Morningstar. Unlike, say, Tesla, buying a chunk of bitcoin would not allow Canadian lenders to squeeze better returns out of their cash.
The Bank of Canada, for instance, could easily be counted among the crypto-skeptics. The Bank of Canada is not the only skeptic. Yet even as the Bank of Canada takes shots at cryptocurrencies, it is also ensuring that its ability to transmit monetary policy to citizens is not disrupted by a new breed of digital assets. Right now, the Bank of Canada is working on a digital currency as just a contingency plan, but it does appear to be doing a considerable amount of work.
In the meantime, Canadians are finding different ways to gain exposure to private digital currencies.
Financial News
Traffic-tracking firm SimilarWeb Ltd. Some of that excess demand is now being met by the bitcoin ETFs being rolled out by Canadian firms, which offer investors a much easier way to gain exposure to digital currencies than had previously existed. The obstacles separating people from cryptocurrencies are being broken down, which could put the onus on investors to do their due diligence.
If the changes occurring in the cryptocurrency market seem familiar, they should, said Greg Taylor, chief investment officer at Purpose Investments, since the same thing happened with gold.