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Nalezeno "Accounting": 229

What Went Wrong That Led to the Binance Helium $22 Million Accounting Mishap

19.9.2022
Four Binance.us customers have unexpectedly received a total of almost $22 million in cryptocurrency, after the crypto-exchange erroneously credited holders of Helium's new MOBILE token with the more valuable helium (HNT) token instead. It appears that most of the mistakenly credited HNT has been...

Binance Bungles Accounting for Helium Tokens, Overpays Clients Millions

16.9.2022
The Helium network has two tokens, HNT and MOBILE. Binance counted them as one, HNT, resulting in a windfall for customers who deposited the less valuable MOBILE

US Inches Towards Bitcoin & Ethereum Accounting Clarity, Leaving NFTs and Stablecoins for Later

1.9.2022
In a bid to develop transparent accounting rules for digital assets, the US Financial Accounting Standards Board (FASB) has revealed what assets the industry body will include in its crypto rule-making project, leaving NFTs and certain stablecoins outside its scope.... Read More: US Inches Towards...

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

31.8.2022
The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

20.8.2022
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin...

Tether reserve attestations to be conducted by major European accounting firm

18.8.2022
BDO Italia, a member of the BDO Global accounting organization, will begin producing monthly attestations of Tether’s USDT backing

Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing

18.8.2022
Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports

3 cloud providers accounting for over two-thirds of Ethereum nodes: Data

18.8.2022
The data suggests that DeFi apps running on mostly centralized cloud providers may make Ethereum vulnerable

EY Has Built an Ethereum-Based Product to Help Firms Hit Carbon Accounting Goals

27.7.2022
“Big 4” consulting firm EY has built an Ethereum-based system help big businesses manage their carbon footprints and satisfy environmental, social and governance (ESG) mandates

Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear

24.7.2022
After Tesla sold 75% of its bitcoin, Twitter piled on the company for losing money on the sale even though it didn’t

Solving the Complexities of Crypto Tax & Accounting With the Experts at Ledgible

13.7.2022
As crypto matures and continues along its path of inevitable adoption, so too does the importance placed on adequately accounting for crypto as an asset class and a source of income. Cryptocurrencies at their core were not designed to fit into traditional financial systems, after all, that’s...

Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin

17.6.2022
Five Republican senators, including “Crypto Senator” Cynthia Lummis, have sent a letter to the SEC regarding its March bulletin that established broad new requirements for trading platforms

Portfolio in the red? How tax-loss harvesting can help stem the pain

17.6.2022
“If you've made a sale during the tax year, and you've sold at a loss, there's basically a benefit there,” says Koinly’s head of tax

US Air Force taps SIMBA Chain to develop budgeting and accounting system

16.6.2022
They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens, and monitor fund movement across billing centers, purchasing centers, and suppliers

PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End

14.6.2022
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm...

Ledgible Closes $20M Series A Round With Key Institutional and Strategic Investors

7.6.2022
PRESS RELEASE. ATLANTA, June 7, 2022 – Ledgible, the leading professional-first crypto tax and accounting platform, today announced $20 million in funding for its Series A Round led by EJF Capital LLC (“EJF”) through its affiliate, the EJF Silvergate Ventures Fund. Joining...