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PANews reported on October 8th that Bloomberg News reported that North Dakota plans to launch a stablecoin, “Roughrider Coin,” in 2026. The state may become the second US state to issue a state-level stablecoin, following Wyoming. The stablecoin will reportedly be fully backed by US dollars and initially used for financial transactions such as loan originations, overnight borrowing, and construction financing between banks and credit unions within the state. The issuance will be led by the Bank of North Dakota and partnered with Fiserv, which will leverage the technology platforms of Paxos and Circle.

Exploring the specific identification method in accounting provides a detailed insight into one of the key inventory valuation techniques used by businesses today. As companies seek accuracy in financial reporting, understanding the nuances of this method becomes essential. This article delves into the fundamentals, applications, comparisons with other methods, benefits, and challenges associated with the specific identification method. Understanding Specific Identification Method Basics The specific identification method in accounting is a precise inventory valuation technique that tracks each individual item in inventory. This method requires businesses to identify and assign costs to specific inventory items based on their acquisition or…

Square, the merchant services arm of Block Inc., has launched Square Bitcoin, a fully integrated BTC payment and wallet solution built directly into its commerce platform. Notably, the product allows local businesses to accept BTC payments at checkout, automatically convert part of their daily sales into Bitcoin. Simplifying Bitcoin for Everyday Businesses This rollout is part of Square’s biggest update to its food and beverage platform, which also includes AI tools, voice ordering, and delivery features. Meanwhile, the Bitcoin tools represent a major step toward founder Jack Dorsey’s goal of bringing decentralized finance to small businesses.- Advertisement – With this…

Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.In this issue:BTCFi’s Big Problem: 77% of Bitcoin Holders Haven’t Even Tried It, Says SurveyEthereum’s Fusaka Upgrade Passes Holesky Test, Moves Closer To MainnetDoubleZero Mainnet Goes Live With 22% of Staked SOL on BoardBee Maps Raises $32M to Scale Solana-Powered Decentralized Mapping NetworkNetwork NewsBITCOIN HOLDERS HESITANT TO EXPLORE BTC DEFI : Bitcoin decentralized finance (DeFi), also known as BTCFi, has been touted as the next wave of innovation for the world’s largest cryptocurrency. However, research suggests bitcoin holders…

HBAR exhibited notable resilience in the 24-hour period between Oct. 7 and Oct. 8, climbing roughly 2% from session lows near $0.22 to settle around the same level. The token traded within a tight range, repeatedly testing support and resistance at $0.22. Despite a steep decline in trading volume—from 138.43 million to 19.74 million tokens—HBAR maintained a steady consolidation pattern, hinting at reduced short-term participation but a stable accumulation phase.Momentum built decisively during the final hour of trading, when HBAR broke out of its compressed formation between 13:12 and 14:11 UTC on October 8. After briefly retreating to an intraday…

ETH drops 4% to $4,500. Analysts flag key support levels, breakout patterns, and warning zones as traders watch for next move. Ethereum (ETH) is trading at around $4,500 after falling 4% in the past 24 hours. Despite the dip, analysts are watching as the price returns to a zone where buyers have previously shown interest. The current 7-day change is still positive, with ETH up 5% over the week. ETH/BTC Pullback May Offer Opportunity Michaël van de Poppe shared a weekly ETH/BTC chart showing a strong rally earlier this year. The pair moved up more than 140% from its…

Cryptocurrency exchange Coinbase said New York residents are now able to stake their assets following approval from state regulators.In a Wednesday blog post, Coinbase said its users could begin earning rewards from staking in Ether (ETH), Solana (SOL), and other assets. The company credited New York Governor Kathy Hochul for “embracing progress and providing clarity” leading to the approval, with plans to continue expanding staking services across the US.“This is a big win for New Yorkers, and a step toward ensuring every American has equal access to the future of finance,” said Coinbase. “But our work is not done. We…

Ethereum developers are preparing for the network’s second major upgrade this year, known as Fusaka, set to go live at the end of November or beginning of December, pending final testnet results.Fusaka — a blend of the names Fulu and Osaka — consists of two simultaneous upgrades to Ethereum’s consensus and execution layers, respectively.The upgrade is focused on making the Ethereum blockchain more scalable and efficient, and should benefit institutions and users as transaction costs on rollup networks should fall further, while operating nodes should become less cumbersome and expensive for newcomers looking to run nodes.Fusaka includes 12 major code…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to reports, Russian police have seized around 2,700 crypto mining equipment from a site in St. Petersburg after a months-long probe into unusually low meter readings. The haul included banks of machines, fans and other cooling gear, and the authorities say they also took away two transformers. Large Crypto Mining Rigs Seizure In St. Petersburg Investigators say the operation started after energy inspectors noticed inconsistencies between recorded meter figures and actual power use. The site had been connected to the grid since March 2018. It ran,…

Key takeaways:FORM eyes a 40% upside toward $2 as its ascending triangle pattern strengthens amid booming BNB meme activity.Four.Meme’s daily revenue surpasses Pump.fun, with roughly 70% of its traders now in profit.FORM, the native token of BNB Chain’s memecoin launchpad Four.Meme has surged nearly 85% in less than two weeks. That includes a 50%-plus jump in the past 24 hours, following Binance co-founder Changpeng “CZ” Zhao’s viral “BNB meme szn” post on X.FORM/USDT daily price chart. Source: TradingViewMultiple technical and onchain indicators now hint at a further price boom for FORM in October. Let’s examine.FORM ascending triangle reversal setup hints…