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The top 5 new cryptocurrency trading books to read in 2023 are fantastic resources

Everyone who is still learning about cryptos has access to several fantastic resources. Although the first cryptocurrency, Bitcoin, entered the market in 2009, the industry has evolved into a global payment solution with enormous potential. Here are some of the best books on cryptocurrencies to read if you want to learn more about them and what they can do for our planet in 2023.

How blockchain transforms money and financial transactions is examined in The Business Blockchain. The framework for explaining the blockchains what, why, and how is provided in this book by William Mougayar. By dissecting the blockchains components in a way that has never been done before, The Business Blockchain advances our knowledge of the technology.

The Cryptocurrency Investing Bible examines how cryptocurrencies are changing the way that people handle their money and do business. Alan T. Norman, the author, ensures that you understand the fundamentals. And this one is for you if you are new to cryptocurrencies, want to learn more before you start investing, and want to save time by doing less internet research.

As author Andrew Johnson correctly demonstrates the approach, this book will wow you in the most traditional way. Secrets are made public. You may learn about cryptocurrencies in this book, as well as how to trade and invest your way to financial success.

The Internet of Money digs into the why of Bitcoin whereas many books focus on its how. Andreas M. Antonopoulos, a renowned information security expert and the author of Mastering Bitcoin, explores and contextualizes the significance of Bitcoin via a series of articles that cover the thrilling development of this technology.

Wikinomics best-selling author Don Tapscott and his son, blockchain specialist Alex Tapscott, have written a book about the future of the modern economy that is thoroughly researched, comprehensible, and fundamental. The Blockchain Revolution is the corporate worlds guidebook for the foreseeable future.

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Top 5 New Cryptocurrency Trading Books to Read in 2023 - Analytics Insight

In the past five years, cryptocurrency has gone from a rare and seldom-used form of currency to a headline-grabbing monetary instrument that has the potential to change the way business is conducted. Misunderstood and often misvalued, cryptocurrency has been the cause of major and minor financial frauds and the collapse of financial institutions trading, or even just holding, cryptocurrency.

Most recently, several prominent banks have announced they are closing shop after experiencing losses directly or indirectly related to the cryptocurrency industry. Silvergate Bank bet heavily on the cryptocurrency industry, eventually becoming known as the "Crypto Bank" and dependent largely on its digital asset deposits. When FTX, the crypto exchange and an important client of the bank, collapsed last November due, in part, to a massive misvaluation of crypto assets, Silvergate found itself facing a bank run. To make matters worse, because of rising interest rates, the bank was forced to liquidate, at a loss, securities held as reserves to fulfill the influx of withdrawals.

When failures like this occur, auditors and accountants are often looked to for answers and for their "deep pockets." This begs the question, what standards should accountants and auditors employ in valuing cryptocurrencies?

Until recently, some accountants may have been inclined to treat cryptocurrency as a cash equivalent; however, under GAAP, cash equivalents are defined as "short-term, highly liquid investments that are readily convertible to known amounts of cash and that are so near their maturity that they present insignificant risk of changes in value because of changes in interest rates." Cryptocurrency, however, can be subject to major price volatility that is inconsistent with cash or a cash-equivalent treatment.

Cryptocurrency should also not be considered a financial asset (for fair value through profit or loss) for accounting purposes. A financial asset is defined as cash, evidence of an ownership interest in an entity, or a contractual right to receive cash or another financial instrument from another entity. Digital assets are not cash or debt securities and do not provide an ownership interest in an entity. Further, digital assets do not represent any contractual right to cash or some other financial instrument.

A final alternative is to treat cryptocurrency as an intangible asset. Intangible assets are defined as "assets (not including financial assets) that lack physical substance."

These types of assets must be tested for impairment, which requires entities to write off as an impairment loss any loss in value of the cryptocurrency at the end of the reporting period. However, if the value of the cryptocurrency increases again, the entity cannot mark up the value. This can cause a huge discrepancy in the representation of cryptocurrency value. In some circumstances it may be acceptable to account for intangibles as inventory. If an entity mines and holds cryptocurrencies for sale in the ordinary course of its primary business, it may, in theory, be appropriate to treat them as inventory.

To date, there are still no final U.S. GAAP rules on cryptocurrency; however, the Financial Accounting Standards Board has recently issued a proposal for the valuation of cryptocurrency. The proposal would require holders of digital assets that fall within the scope of the guidance to measure them at fair value at each reporting period, with changes to fair value reflected in net income.

Specifically, those crypto assets would be presented separately from other intangible assets on the balance sheet, and gains and losses would be recorded as net income each period, separately from changes to carried amounts of other intangible assets. The scope of the proposal includes digital assets that:

This proposal was issued on March 23, 2023, and comments on the proposal are due on June 6, 2023.Although FASB is currently working hard on standards for the accounting of cryptocurrency, without any final U.S. GAAP rules on cryptocurrency, accountants should be mindful of ensuring proper disclosure of the valuation principles being employed and ensuring the financial statements are not misleading.

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Valuing and accounting for cryptocurrency assets and liabilities - Accounting Today

BRUSSELS, April 27 (Reuters) - The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court.

CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian of virtual currencies, Bit4You said in a statement on its website.

"To date, we have no indication that the virtual currencies held on behalf of our customers with CoinLoan cannot be recovered," Bit4You added.

As proportions of Bit4You's customers' investments, CoinLoan holds around 85.66% of Ripple (XRP) coin, around 81.45% of top cryptocurrency bitcoin and 67.32% of Ethereum, according to the statement.

A court in Estonia unexpectedly ordered CoinLoan to halt all operations, including withdrawals, on April 24. The company had limited user withdrawals in July 2022 to $5,000 per 24-hour period to stave off a run on its funds.

Reporting by Marine StraussEditing by GV De Clercq

Our Standards: The Thomson Reuters Trust Principles.

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Belgium's only cryptocurrency platform suspends activities - Reuters

Crypto experts are advocating for the success of DigiToads, and here is why.

As more and more people embrace this digital currency, the market continues to expand, providing ample investment opportunities for those willing to take the risk. One such best crypto coin that has been in the gossip recently is DigiToads (TOADS). Within no time, the value of DigiToads has gone over the roof, and it will go even higher in the coming days.

However, with all the buzz surrounding this top cryptocurrency, knowing what this coin has in store for you is essential.

In this article, well take a closer look at what DigiToads is all about, why its gaining so much attention, and whether or not its a good investment option for you. So, buckle up and get ready to explore the world of DigiToads!

DigiToads is already challenging some of the best cryptocurrencies in 2023 despite being a new entrant. This crypto coin has announced its entry with an innovative approach to addressing industry problems such as scalability and speed. DigiToads has collected all the attention of experts who believe it has the potential to become a dominant force in the market.

First, lets talk about the presale of DigiToads, which is in full swing. DigiToads have decided to conduct its presale in ten stages while increasing the price and giving the profit share to its investors after every step. The presale is in its fourth stage, raising over $2 Million. The cost of the TOADS token started from $0.01 in the first stage and has soared to $0.02 so far in the fourth stage.

By the end of this ten stage presale, the price of one TOADS token will soar further up to $0.055, which means a 5x profit to the investor who put their money in the first stage. Once TOADS launches in July the full potential of DigiToads is endless with a lot more to come.

Another reason experts are so optimistic about DigiToads is its deflationary token model. The deflationary model means reducing the supply of tokens over time creates scarcity, which can increase their value. This can incentivize holders to hold onto TOADS, creating a sense of long-term value in the community.

Its commitment to creating a sustainable and eco-friendly cryptocurrency by utilizing an energy-efficient proof-of-stake (PoS) consensus mechanism, unlike other cryptocurrencies that rely on high energy consumption, makes it more cost-effective, reducing its carbon footprint. That is a crucial consideration given the growing global concern about climate change.

This meme coin also discourages token dumping or selling, as holders would want to maximize the value of their tokens. This can stabilize the tokens price and prevent large sell-offs that could negatively impact the market.

DigiToads is playing its part to help save the rainforest, a natural habitat of its fellow toads. DigiToads have decided to donate 2.5% of the total earnings to charitable trusts that will revive the rainforest.

With its Deflationary token, Play-To-Earn model, NFT staking, and charitable causes, DigiToads has topped the books of all crypto experts.

>> Buy DigiToads Now <<

DigiToads is making a name for itself in the ever-evolving digital currency world. With its unique approach to addressing crypto problems such as scalability and speed, it has invaded the attention of experts who believe it has the potential to become a dominant coin in the industry.

Furthermore, its commitment to creating an eco-friendly cryptocurrency and donating some of its earnings to charity is another sign that the aim of DigiToads is more than profit.

If youre looking to invest in the best cryptocurrency with the potential for huge profits, DigiToads is undoubtedly the best crypto to invest in.

For more information on DigiToads visit the website, join the presale or join the community for regular updates.

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Experts Warn: Don't Miss Out on DigiToads (TOADS) as the ... - Blockzeit

Cryptocurrency is still new and one of the most exciting asset classes, which has attracted investors from all over the world. Just like the stock market, some players have a major influence over the cryptocurrency market. These major influential players are popularly known as whales in the crypto landscape.

Whale watching in the cryptocurrency market can be genuinely insightful, provided you use a reliable Crypto Whales Tracker. Watching crypto whales includes observing the activities of the most influential players, which have a direct impact on the market dynamics. This helps in making informed investment decisions.

Image sourced from Pexels

Crypto whales are individuals or some group entities that have a major impact on the cryptocurrency market, and they also have this impact because they hold a lot of cryptocurrencies. They are generally early adopters of cryptocurrency, and these crypto whales have accumulated their holdings through investing or mining. A crypto whale tracker app is your best bet to monitor these crypto whales. Some whales are individual investors, while others are hedge funds or even institutional investors.

Whales are important in the cryptocurrency market because they influence the market's supply and demand dynamics, which affects the price. As whales have a huge holding in the cryptocurrency market, they can influence the market by selling or buying huge amounts of cryptocurrency at once. Whenever they buy, they increase the demand, and this leads to an increase in prices at the same time; whenever they plan to sell, they decrease the demand, and the prices are pushed down to a great extent.

Identifying crypto whales can be challenging for you as most cryptocurrency transactions are anonymous. You have to look at the blockchain, which is a decentralized public ledger that records all the cryptocurrency transactions. By understanding the blockchain, you can identify the addresses that hold a huge amount of cryptocurrency, which indicates a whale.

One of the best ways to identify crypto whales is to look at the trading information on the cryptocurrency exchange. The exchange can provide a lot of data on trading volume, and by understanding this information, you can identify the accounts which are trading huge amounts of cryptocurrency. These accounts can be of institutional investors or the whales.

Whale watching can provide a lot of insights into the cryptocurrency market. When you monitor the activities of cryptocurrency whales, you can get a sense of where the market is moving. For example, if you see a whale buying a huge amount of currency, it would be a sign that they believe the market is undervalued and the prices would be rising in the future. Conversely, if you see cryptocurrency whales selling a huge amount of cryptocurrency, it can be a sign that the cryptocurrency whales believe the market is overvalued and the prices are most likely to fall.

Whale watching can also help identify the trends in the market. If you see plenty of cryptocurrency markets buying or selling at the same time, it can be a sign that some trend is emerging. This information can be valuable for all the traders who look forward to capitalizing on marketing trends.

You need to get access to the trading information on the cryptocurrency exchange to get started with whale watching. There are different types of platforms that provide this data. These platforms will make it very easy for you to keep a tab on the trading volume and identify all the accounts which are trading huge volumes of cryptocurrency.

Once you have identified the potential whales, you can start keeping them on the activities. Now you can keep an eye on the amount of cryptocurrency that the crypto whales are buying and selling besides checking the frequency of their whales. When you do so, you can start to get a sense of the investment strategy and also use the information to make an informed decision. You must keep in mind that whale watching is one of the best tools in your toolkit, and you should take a holistic approach when investing in cryptocurrency.

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A Quick Guide To Whale-Watching In The Cryptocurrency Market - Benzinga