Block, whose chairman and co-founder is Jack Dorsey, recorded an impairment charge of $2 million on its bitcoin investment during the third quarter. As of Sept, 30, the fair value of Block’s bitcoin investment was $156 million based on “observable market prices,” which was $45 million greater than the carrying value of the investment after impairment charges, the company noted.
![Fight Of The Ages [FOTA] Announces a Strategic Partnership With Gempad, Getting Attention from the Gaming World and Cryptocurrency Community](https://coinpress.media/wp-content/uploads/2022/05/1653068946_logo1-120x86.png){kind=logo}
We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.
