Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957285?e&#61;1702512000&amp;v&#61;beta&amp;t&#61;Ji7hFiY0rn5Egoe11STDZu8NkYySiTrxHcor2MeLAUE" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>8,846 followers</p><p>September 8, 2023</p><p>The FASB has unanimously approved new accounting standards requiring companies to report the current value of digital assets using a fair-value approach. Meanwhile, Sam Bankman-Fried&#39;s pretrial detention continues as the Second Circuit reviews his appeal against Judge Kaplan&#39;s order. In another development, Cboe BZX Exchange has submitted applications to the SEC for listing theARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for the BSV Blockchain Association, featuring:</p><ul><li><a href="https://www.linkedin.com/company/fasb/" rel="noopener noreferrer nofollow">The Financial Accounting Standards Board (FASB)</a></li><li><a href="https://www.linkedin.com/company/ftx/" rel="noopener noreferrer nofollow">FTX Trading Ltd.</a>  Founder, <a href="https://www.linkedin.com/in/sam-bankman-fried-8367a346/" rel="noopener noreferrer nofollow">Sam Bankman-Fried</a></li><li>Cboe BZX Exchange</li><li>US District Judge John Koeltl</li><li>Celsius founder <a href="https://www.linkedin.com/in/mashinsky/" rel="noopener noreferrer nofollow">Alex Mashinsky</a></li><li>US Bankruptcy Judge Sean H. Lane</li><li>Sen. Cynthia Lummis</li></ul><h3 id="asb-unanimously-approves-digital-asset-accounting-standards-fair-value-approach-required">ASB Unanimously Approves Digital Asset Accounting Standards: Fair-Value Approach Required</h3><p>The Financial Accounting Standards Board (FASB) voted unanimously to finalize updates to accounting standards that will have firms report the current value of their digital assets. Companies must use a fair-value approach, with certain digital assets being measured at what they would trade for in the markets.</p><h3 id="sam-bankman-fried-39-s-pretrial-detention-continues-as-second-circuit-reviews-appeal">Sam Bankman-Fried&#39;s Pretrial Detention Continues as Second Circuit Reviews Appeal</h3><p>The Second Circuit declined to immediately release Sam Bankman-Fried while he challenges US District Judge Lewis A. Kaplan’s order keeping him in pretrial detention, but the appellate court did agree to consider Bankman-Fried’s appeal.</p><h3 id="cboe-bzx-exchange-seeks-sec-approval-for-ark-and-vaneck-ethereum-etfs">Cboe BZX Exchange Seeks SEC Approval for ARK and VanEck Ethereum ETFs</h3><p>Cboe BZX Exchange filed two applications with the SEC, requesting for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on the exchange.</p><h3 id="celsius-founder-39-s-assets-frozen-by-us-district-judge-amid-fraud-case">Celsius Founder&#39;s Assets Frozen by US District Judge Amid Fraud Case</h3><p>US District Judge John Koeltl granted an order to freeze bank accounts and property belonging to Celsius founder Alex Mashinsky while the government pursues a fraud case against him.</p><h3 id="genesis-global-granted-extra-time-to-finalize-chapter-11-plan">Genesis Global Granted Extra Time to Finalize Chapter 11 Plan</h3><p>US Bankruptcy Judge Sean H. Lane gave Genesis Global another month to file its Chapter 11 plan, saying the company should get the time to finalize the tentative agreement it struck with its parent company last week.</p><h3 id="sen-lummis-calls-for-congressional-leadership-in-crypto-asset-regulation">Sen. Lummis Calls for Congressional Leadership in Crypto Asset Regulation</h3><p>Sen. Cynthia Lummis (R-WY) tweeted about the Grayscale decision, stating that the SEC “cannot legislate through enforcement,” and the creation of a regulatory framework for crypto assets should be led by Congress.</p><h3 id="new-ebook-39-the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure-39">New eBook: &#39;The Next Era in Miner Economics: Embracing Coopetition and Infrastructure&#39;</h3><p>eBook:<img src="https://media.licdn.com/dms/image/D5612AQGHA_vkjHpE4Q/article-inline_image-shrink_1500_2232/0/1694171857872?e&#61;1700092800&amp;v&#61;beta&amp;t&#61;nurKO3HP3_gxoCvAG_tcMJYTfOxkU5Tciq9yNcsrUo0" /></p><p>Discover the future of miner economics with our new eBook, &#39;<a href="https://resources.bsvblockchain.org/the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure" rel="noopener noreferrer nofollow">The Next Era in Miner Economics: Embracing Coopetition and Infrastructure.</a>&#39; Co-authored by experts Greg Ward and Kurt Wuckert Jr., this comprehensive guide delves deep into the world of miners, shedding light on their pivotal role in advancing blockchain technology. Uncover the evolution of miner incentives, demystify transaction fees and blockchain utility, and gain insights into the ever-changing landscape of miner economics. As the blockchain mining market explodes, with North America projected to be worth $7 billion by 2032, this eBook will make you an authority on the subject.</p><p><a href="https://resources.bsvblockchain.org/the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure" rel="noopener noreferrer nofollow">Download your copy now and stay ahead of the curve. </a></p>

FASB's Digital Asset Standards and Bankman-Fried's Appeal

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