Crypto firm Circle to cut workforce, focus on core activities

"Circle is redoubling its focus on core business activities and execution," the company said in an email to Reuters, adding that it was continuing to hire in "key areas of focus." Crypto news portal CoinDesk reported about the developments at Circle earlier in the day.

• 2023-07-13
• Circle non-core activities balance sheet core business activities

Bitcoin, Crypto Prices Brace for Downturn in Coming Liquidity Shock, Observers Say

Improving liquidity conditions so far this year has lifted risk assets such as cryptocurrencies, but the trend is poised to turn once the U.S. debt ceiling is lifted and the Treasury along with the Fed resumes tightening, analysts said.

• 2023-06-01
• U.S. Treasury debt ceiling liquidity conditions balance sheet digital assets Tom Dunleavy the Federal Reserve

With Bitcoin Soaring, Tesla May Soon Include Crypto Gains in Its Earnings Report

The Financial Accounting Standards Board has proposed a change to rules that would allow companies to report gains on crypto holdings.

• 2023-04-20
• digital assets Tesla digital asset holdings balance sheet report gains Bitcoin cryptocurrencies

MicroStrategy’s Bitcoin Holding Doesn’t Necessarily Pose a Concentration Risk: Bernstein

Rising bitcoin prices mean a stronger balance sheet, higher stock prices and easier debt repayment, without the company needing to sell its holdings, the report said.

• 2023-04-19
• MicroStrategy balance sheet debt repayment Bernstein market sentiment stock prices

Binance APAC Head Suggests Full Audit of the Crypto Exchange Isn't Happening Soon: Bloomberg

Finding an auditor for the whole balance sheet is difficult given the complexities of auditing crypto assets due to challenges like price volatility.

• 2023-02-08
• assets and liabilities Bloomberg Binance balance sheet Mazars crypto exchange Leon Foong