2022-9-1 23:54 |
The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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2019’s decentralized finance (DeFi) boom that has led to more than $785 million being locked in crypto assets is giving accountants serious headaches. Antoine Scalie, the CEO of accounting startup Cryptio says complex assets and transactions make it for the accounting to be more difficult.
2020-1-18 00:33 | |
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Lukka, one of the first accounting firms for digital assets, is offering tax preparation services to retail crypto investors starting on Jan. 15.
2019-12-18 20:48 | |
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In an effort to enable accounting and auditing firms that service cryptocurrency-linked businesses to formulate accurate and error-free financial statements, audits and more, in a seamless manner, the Digital Assets Working Group of the American Institute of Certified Public Accountants (AICPA), has launched a new practice aid, according to a blog post on December 16,Read MoreRead More.
2019-12-18 02:00 | |
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Cryptopia’s assigned liquidator, accounting firm Grant Thornton released a report titled, “Liquidators’ Second Report on the State of Affairs of Cryptopia Limited (in Liquidation)” on Wednesday outlining the progress made by the firm in the past six months and detailing the breakdown of the retrieved assets.
2019-12-12 17:11 | |
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One of the big four accounting firm has revealed the smart contract addresses running on ethereum’s public blockchain to tokenize assets. The asset in question is wine bottles, with Thomas.
2019-12-1 20:43 | |
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Japan bitcoin and cryptocurrency exchange Coincheck, announced today it has started its API collaboration with Zaim, operators of Japan’s largest cloud accounting service. Through this collaboration, balances in Coincheck trading accounts can be easily be managed together with assets held by other financial institutions on Zaim’s service.
2019-10-28 16:26 | |
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The age of cryptocurrency as magic internet money is well and truly behind us. Cryptocurrency accounting, or at the very least, a crypto tax reporting solution, is now a must-have for anyone touching digital assets.
2019-10-15 15:05 | |
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Lukka adds 5 new firms to crypto accounting/data management ecosystem - CryptoNinjas Lukka, a bitcoin/crypto-asset accounting and data management platform, today announced new ecosystem connectors which include: Anchorage, Coinbase Custody, CoinRoutes, SFOX, and Tagomi.
2019-10-11 19:15 | |
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Cryptocurrency holdings are neither cash nor financial assets, but meet the definition of intangible assets, the IFRIC has concluded.
2019-9-24 09:00 | |
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Cryptocurrencies like Bitcoin are neither financial assets nor legal tender, says the International Financial Reporting Interpretations Committee
2019-9-23 12:35 | |
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Central banks hoarding gold is thought to be accounting for a lot of the buying pressure sending the price of the precious metal upwards recently. Such a hunger for hard assets may one day see banks stock piling Bitcoin as part of their de-dollarisation efforts.
2019-9-9 23:00 | |
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PricewaterhouseCooper LLP, one of the four accounting giants has now added cryptocurrency auditing to its services as it expands into the asset class, reported Bloomberg. Following the regulatory probes and missing tokens due to theft and hacks, there has been a call for greater industry transparency.
2019-6-27 19:11 | |
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With the cryptocurrency industry riding a massive bullish wave as Bitcoin, after 15-long months, broke the $10,000 mark, the question of safety has once again surfaced. Large Assets under Management [AUM] or those accounting for in excess of $25 million in funds are opting for exchanges over hot and cold wallets for their protection.
2019-6-23 12:00 | |
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Adoption is a major dilemma in the cryptocurrency space, with virtual assets continuously working towards legitimate approval for worldwide implementation. Bitcoin [BTC], which is evidently the most preferred one in the ecosystem due its high price valuation and popularity, has recently been trying to receive an ETF approval.
2019-6-12 14:30 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
2019-4-3 01:19 | |
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Anthony Pompliano, the co-founder of Morgan Creek Digital, has recently gone to social media to talk about what he believes are the three most important core concepts for the crypto world. According to the crypto expert, we are moving into a new digital world, so the three main concepts should be: digitally native assets, digitally […]
2019-3-12 04:58 | |
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As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.
2019-3-5 20:20 | |
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Ernst & Young has launched a new product for accounting and tax reporting on crypto assets
2019-3-5 03:25 | |
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In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas.
2019-2-15 20:14 | |
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Node40, a developer of bitcoin tax-reporting software, expects the U. S. Internal Revenue Service (IRS) to receive a record number of cryptocurrency-related tax return claims this year, as it predicts that many investors will decide to declare their losses.
2018-12-6 16:55 | |
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CryptoNinjas Sean Ryan and Perry Woodin, the founders of NODE40, the specialist blockchain accounting firm, have announced that they will purchase all NODE40 assets from HashChain Technology and start a new company called 89 Unlimited, LLC.
2018-11-20 02:40 | |
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KPMG Accounting Firm Believes That Crypto Assets Are Unprepared To Be Considered Real Currencies KPMG is known as one of the “big four” accounting firms, so it is clear that they understand the world of traditional finance.
2018-11-16 02:08 | |
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‘Big four’ accounting firm KPMG has just asserted that cryptocurrency assets, like Bitcoin, are simply not ready to be classified as real currencies – and that using Bitcoin as a store of value is a “fool’s errand.
2018-11-15 13:36 | |
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Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE).
2018-10-30 00:44 | |
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Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether.
2018-10-16 16:07 | |
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Blockvest is being sued the Securities and Exchange Commission for making false claims that the regulator’s approval for its planned ICO. The regulator is looking for an injunction against the defendant in return for all the financial gains of its ICO activities.
2018-10-15 18:00 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-8 21:30 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-10 21:30 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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The arrival of cryptos doesn't alter the need to maintain proper accounting records, the SEC's Wesley Bricker said Monday.
2018-9-18 11:00 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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The slow trickle of traditional investment into the crypto market may turn into a flood if a new platform launched by blockchain services provider AxiomLevel Technologies makes its desired impact.
2018-8-6 18:55 | |
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The crypto industry has received another boost with the entry of financial services giant Northern Trust in a quiet but significant move. The firm, which manages over $10.
2018-8-3 23:41 | |
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For many, the complex nature of crypto investing is an unsolvable enigma. Despite the potential for great returns, many are hesitant to jump in and navigate the complexities and uncertainties inherent in this space.
2018-7-25 17:09 | |
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The big four accounting firm has announced the acquisition of tech assets and patents from a little known San Francisco based startup called Elevated Consciousness, Inc. EY says: “The Andy Crypto-Asset Accounting.
2018-7-25 13:54 | |
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The purchase, which is part of EY’s blockchain strategy, includes a methodology for facilitating virtual exchange transactions.
2018-7-25 22:31 | |
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Ernst & Young LLP (EY) has acquired the technology assets and related patents of the Andy Crypto-Asset Accounting and Tax (CAAT), a technology developed by San Francisco-based startup Elevated Consciousness, Inc.
2018-7-24 22:20 | |
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Malta-based tokenization platform STASIS has launched EURS, a stablecoin backed by the Euro. EURS, aiming to be the biggest "fully verified and collateralized stablecoin" in the world, launched with a $100 million pre-launch order book which is expected to hit $500 million by year’s end.
2018-7-16 19:46 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.