FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report

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.

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AICPA Unveils Practices to Simplify Cryptoasset Accounting

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


Large-scale crypto assets under management seek custodial refuge in exchanges not wallets

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


World’s first Bitcoin ETF may find its home in the land down under as Australian accounting firm contemplates proposal

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


The Three Core Crypto Concepts Of Anthony Pompliano: Digitally Native Assets, Contracts and Accounting

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 Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

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