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Microstrategy Buys 660 More Bitcoins —Total Holdings Rise to 125,051 BTC
2.2.2022
Nasdaq-listed Microstrategy has bought 660 more bitcoins at an average price of $37,865 per coin, bringing the total crypto holdings of the company to 125,051 bitcoins. “Our strategy with bitcoin has been to buy and hold, so to the extent we have excess cash flows or we find other ways...
Crypto Swap Platform LetsExchange Grew 100x in Less Than a Year
28.1.2022
PRESS RELEASE. LetsExchange.io, an instant cryptocurrency exchange platform, reports the tremendous growth it has achieved since its launch in early 2021. In March 2021, the platform had 6,000 active users from 20 countries. At the time, users could swap 200 digital coins and tokens, accounting...
SEC rejects MicroStrategy's Bitcoin accounting practices: report
21.1.2022
The business intelligence firm has reported it used non-GAAP methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets."
Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse
23.12.2021
On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The PWC Hong Kong branch will be the first internationally recognized professional services brand to enter The Sandbox metaverse. PWC Hong Kong Enters the Metaverse...
Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche Blockchain
16.11.2021
On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud-based platform leverages Avalanche in order to “improve security...
A Look at How Buckminster Fuller Predicted Bitcoin: ‘A Realistic, Scientific Accounting System of What Is Wealth’
14.10.2021
Richard Buckminster Fuller was a well known American architect, systems theorist, author, and inventor. Similar to the visions expressed by the industrialist Henry Ford, the Nobel laureate Friedrich Hayek, and Austrian economist Milton Friedman, Buckminster Fuller also predicted a concept that...
Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says
13.9.2021
The regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins isn’t prohibited either, according to a leading advisor on crypto...
Tether claims to have increased total assets by $21B in new accounting review
9.8.2021
Tether has been publishing periodic accounting reports to the public after reaching a settlement with the New York Attorney General’s office in February 2021
Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People
19.4.2021
Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African...
Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities
1.4.2021
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm...
Tesla Bitcoin Buy Highlights Need to Fix US Accounting Rules
11.2.2021
Tesla’s much-discussed recent decision to make a USD 1.5bn bitcoin (BTC) purchase continues to generate ripples in the American business pond – and has led some to claim accountancy rules should be updated to cover corporate crypto investments.
Industry observers are calling on the regulatory...
Crypto Asset Trading Platform Bityard With Integrated Copy Trading Function Launched in USA
22.12.2020
PRESS RELEASE. Bityard, a fairly new crypto exchange, currently focuses primarily on crypto asset trading. The crypto exchange, which was unveiled recently, is going to launch its US stock trading operations shortly. Bityard has already got the approval of The Accounting and Corporate Regulatory...
Optimize Images According to Network and Device Constraints in React
10.12.2020
Connectivity has evolved beyond recognition since the beginning of the internet. We are lightyears past dial up, these days, and can watch a video in high resolution on our smartphone while being connected to a mobile network. But not all mobile connections are created equal – older...
Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead
7.11.2020
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm...
Satoshi Nakamoto’s Bitcoin White Paper: A 12-Year Old Summary of Robust Unstructured Simplicity
1.11.2020
Cryptocurrency supporters all around the world are celebrating the fact that today is the 12th anniversary of the Bitcoin white paper, a summary of the invention created by the pseudonymous inventor Satoshi Nakamoto. Bitcoin’s inventor published the paper on metzdowd.com’s Cryptography...
KPMG unveils blockchain solution to track climate emissions
8.10.2020
As organizations come under pressure to ramp up climate change policies, accounting giant KPMG has launched a new blockchain-based solution
EY releases new tool for analyzing Bitcoin transactions and on-chain data
28.9.2020
EY has added a new solution to its Blockchain Analyzer product suite
New on Bitcoin’s Lightning Network: LND Adds Accounting Feature, c-lightning Gets an Upgrade
18.9.2020
Lightning Labs made bookkeeping easier for node operators. Blockstream’s c-lightning 0.9.1 release improves channel opening and routing mechanisms
Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem
3.8.2020
In 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is often...
From Enron to Wirecard: How Blockchain Tech Could Have Helped
25.7.2020
If blockchain technology is used within a regulated financial system, Wirecard-esque scandals can be a thing of the past, writes BRD CEO Adam Traidman