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Zenger
Zenger
Politics
Alice Clifford

Adding Milk To Your Coffee May Be Good For You

Bitcoin Mike Alfred Crypto John Reed Stark Binance Craig Wright Dan Kitwood Aztec Gemini SEC
Under accounting rules, cryptocurrencies are considered intangible assets. A company records the value on its balance sheet at acquisition. But should there be an impairment—like a significant drop in value—the losses are written down on the balance sheet. (Photo by Dan Kitwood/Getty Images)

Cryptocurrencies saw a sharp reversal in selling over the weekend with leading coins rising over double-digit percentage points. 

Bitcoin, the world’s largest cryptocurrency by market capitalization, surged 20% higher while Ethereum jumped 18% and Ripple leaped 15%. 

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