Accounting

New Fair Value Reporting Rules for Cryptocurrency Accounting Introduced by FASB

New Fair Value Reporting Rules for Cryptocurrency Accounting Introduced by FASB

Noah RyptonDec 13, 20233 min read

The Financial Accounting Standards Board Introduces New Crypto Accounting Rules The Financial Accounting Standards Board (FASB) has released new accounting rules that will change how companies…

New FASB Corporate Accounting Standards Reflect Bitcoin’s Unstable Characteristics

New FASB Corporate Accounting Standards Reflect Bitcoin’s Unstable Characteristics

Blair ConnollyDec 13, 20233 min read

New Guidelines for Accounting Crypto Holdings Major new guidelines are coming for how public companies account for Bitcoin and cryptocurrency holdings on their balance sheets. The…

Impact of Updated Crypto Accounting Rules on Tesla and MicroStrategy’s Earnings and Fair Value

Impact of Updated Crypto Accounting Rules on Tesla and MicroStrategy’s Earnings and Fair Value

Cino GaperiDec 13, 20232 min read

Big Changes in Crypto Accounting FASB’s recent announcement details new crypto accounting rules that will impact how companies like MicroStrategy, Tesla, and Block report their crypto…

Newly Released FASB Guidelines Enable Firms to Implement Fair-Value Accounting for Cryptocurrencies

Newly Released FASB Guidelines Enable Firms to Implement Fair-Value Accounting for Cryptocurrencies

Theon BarrettDec 13, 20233 min read

The Financial Accounting Standards Board (FASB) Introduces New Standards for Crypto Asset Disclosure The Financial Accounting Standards Board (FASB) has released new standards aimed at improving…

The Surge in Market Activity Drives Blur’s Dominance in NFT Trading, Accounting for Nearly 80% of Volume

The Surge in Market Activity Drives Blur’s Dominance in NFT Trading, Accounting for Nearly 80% of Volume

Theon BarrettDec 4, 20233 min read

Ethereum-Based NFT Trading Volume Surges in November In November, the trading volume of Ethereum-based non-fungible tokens (NFTs) reached $605 million, according to The Block’s Data Dashboard.…

Allegations of SEC’s Violation of Law Regarding Cryptocurrency Accounting Regulation

Allegations of SEC’s Violation of Law Regarding Cryptocurrency Accounting Regulation

Cino GaperiNov 1, 20234 min read

The Government Accountability Office (GAO) Declares SEC’s SAB 121 Must Be Reviewed by Congress The Government Accountability Office (GAO) has stated that the Securities and Exchange…

Insufficient Funds for Customer Deposits: FTX’s Financial Shortfall Revealed by Accounting Expert in March 2021

Insufficient Funds for Customer Deposits: FTX’s Financial Shortfall Revealed by Accounting Expert in March 2021

Insa MonroeOct 20, 20233 min read

FTX Exchange Lacked Sufficient Funds to Repay User Deposits, Expert Reveals In the trial of FTX founder Sam Bankman-Fried on charges of fraud and conspiracy, an…

FTX Trial Reveals Accounting Professor’s Discovery of Customer Funds Mishandling

FTX Trial Reveals Accounting Professor’s Discovery of Customer Funds Mishandling

Owen PatterOct 19, 20233 min read

Renowned Accounting Professor Reveals Mishandling of Customer Funds in FTX Trial A University of Notre Dame accounting professor named Peter Easton has made a shocking revelation…

New FASB Changes: The Intersection of Mark-to-Market Accounting and Cryptocurrency

New FASB Changes: The Intersection of Mark-to-Market Accounting and Cryptocurrency

Coinan PorterOct 11, 20232 min read

US Financial Accounting Standards Board Approves Mark to Market Accounting for Crypto Assets In September 2023, the US Financial Accounting Standards Board (FASB) approved mark to…

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