UTXO Dealership: Enhancing Bitcoin’s PrivacyThe digital asset industry is constantly evolving, with privacy and the freedom to transact taking center stage. In this ever-changing…Nov 22, 2023Nov 22, 2023
What are the tax consequences of wrapped bitcoin?The native form of bitcoin, known as BTC can be moved around on the bitcoin Blockchain. In order to use the asset on other blockchains…Nov 20, 2023Nov 20, 2023
Why does a Bitcoin Roth IRA provide zero benefit?Let’s first breakdown the key difference between a traditional IRA and a Roth IRA. With a Roth IRA, you contribute after-tax dollars, your…Oct 31, 2023Oct 31, 2023
FASB’s Groundbreaking Announcement on Digital Assets AccountingThe Financial Accounting Standards Board (FASB), the U.S. standard-setting organization for accounting, has recently made a pivotal…Oct 2, 20236Oct 2, 20236
How to Account for Crypto on Your Balance SheetCryptocurrencies are becoming increasingly popular, and more and more companies are holding them as assets. However, there is some…May 15, 20238May 15, 20238
Blockchain Consensus AlgorithmsWhat is Proof-of-Work (PoW), Proof-of-Stake (PoS) and Proof-of-Transfer (PoX)?Feb 7, 20231Feb 7, 20231
Massive Adoption on Polygon NetworkInstitutions deploy NFT’s on the Polygon NetworkJan 11, 2023Jan 11, 2023
What is a Decentralized Autonomous Organization and is it a taxable entity?A DAO (Decentralized Autonomous Organization) is an organization that exists on the blockchain, governed by rules coded as a computer…Dec 6, 2022Dec 6, 2022
Accounting for Intangible Digital AssetsHistorically, cryptocurrencies such as Bitcoin and Ethereum were accounted for as intangible assets and reported on the balance sheet at…Dec 5, 2022Dec 5, 2022