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, such as Ethereum or Solana, the asset needs to be wrapped. This technically new token is labeled WBTC, Wrapped bitcoin. The process requires sending native…

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 money grows tax-free, and you can generally make tax- and penalty-free withdrawals after age 59½. With a Traditional IRA, you contribute pre-tax dollars, your money grows tax-deferred…

The Financial Accounting Standards Board (FASB), the U.S. standard-setting organization for accounting, has recently made a pivotal announcement that is set to change the accounting treatment for digital assets. This development is very significant as it directly effects corporations’ operational practicality for purchasing digital assets. The new rule will require…

Cryptocurrencies are becoming increasingly popular, and more and more companies are holding them as assets. However, there is some confusion about how to account for cryptocurrencies on a balance sheet. In this post, we will break down the different ways that cryptocurrencies can be classified on a balance sheet, and…

How does Liquidity Providing on Uniswap V3 work? A Decentralized Exchange is a peer-to-peer marketplace where users can trade assets in a non-custodial manner without the need for an intermediary to facilitate the transfer and custody of funds. Traders remain in control of their assets by using blockchain based smart…

What is Proof-of-Work (PoW), Proof-of-Stake (PoS) and Proof-of-Transfer (PoX)? There are multiple consensus designs used in blockchains, offering a range of security and performance features. The purpose of consensus is to ensure a bad actor cant corrupt the network and a single state of the blockchain is maintained. The most…

Institutions deploy NFT’s on the Polygon Network With the crypto market down approximately 75% from its all time high, we are unarguably in the midst of a bear market. Historically, bear markets shake out the weaker projects and less committed individuals, resulting in a better industry moving forward. Projects with…

A DAO (Decentralized Autonomous Organization) is an organization that exists on the blockchain, governed by rules coded as a computer program, without a central authority. Community members vote on decisions, such as spending treasury funds, and shaping the organization’s direction, all in a trust-less manner through code on the blockchain…

Historically, cryptocurrencies such as Bitcoin and Ethereum were accounted for as intangible assets and reported on the balance sheet at cost. These assets were deemed to be impaired when the price drops below cost, but are not marked up when the price recovers. This treatment was extremely unfavorable to the…