Accounting

FTX Trial Uncovers Alameda Research’s $8 Billion Debt due to Accounting Error in SBF Trial

FTX Trial Uncovers Alameda Research’s $8 Billion Debt due to Accounting Error in SBF Trial

Cino GaperiOct 6, 20232 min read

Software Bug Revealed Alameda Research’s Inflated Debts In the criminal trial of Sam Bankman-Fried, it was revealed that a software bug caused FTX’s system to display…

Positive Impact of Bitcoin Accounting Rules on Adoption: Insights from Sazmining COO

Positive Impact of Bitcoin Accounting Rules on Adoption: Insights from Sazmining COO

Theon BarrettSep 29, 20233 min read

New Fair Value Accounting Rules to Boost Corporate Bitcoin Adoption The President and COO of Sazmining, Kent Halliburton, believes that the new fair value accounting rules…

Acquisition of Gilded, a Cryptocurrency Accounting Platform, by Bitwave

Acquisition of Gilded, a Cryptocurrency Accounting Platform, by Bitwave

Coinan PorterSep 14, 20233 min read

Crypto Payments and Accounting Platform Gilded Acquired by Bitwave In the midst of the crypto winter, consolidation continues to occur among crypto firms. The latest acquisition…

Introduction of Fair Value Accounting for Cryptocurrencies by US FASB

Introduction of Fair Value Accounting for Cryptocurrencies by US FASB

Insa MonroeSep 10, 20232 min read

New Accounting Guidelines Require Fair Value Valuation of Cryptocurrencies The Financial Accounting Standards Board (FASB) has passed new accounting guidelines that will require companies to value…

Report: New Accounting Rules Released for US Digital Asset Firms and Crypto Asset Holding Companies

Report: New Accounting Rules Released for US Digital Asset Firms and Crypto Asset Holding Companies

Daisy HodleySep 8, 20232 min read

New US Accounting Rules for Crypto Assets Announced: Report The Financial Accounting Standards Board (FASB), the organization responsible for setting accounting standards in the US, has…

Anticipated US Regulations for Crypto Accounting Reform Projected to be Implemented by Year-End

Anticipated US Regulations for Crypto Accounting Reform Projected to be Implemented by Year-End

Bitro ConwellSep 8, 20231 min read

The Introduction of a Crypto-Specific Accounting Standard Can Help Alleviate Companies’ Concerns Industry experts believe that implementing a crypto-specific accounting standard can address companies’ worries about…

FASBs Crypto Accounting Shakeup Could Attract Additional Corporate Investment, Asserts Michael Saylor and Other Experts

FASBs Crypto Accounting Shakeup Could Attract Additional Corporate Investment, Asserts Michael Saylor and Other Experts

Cora SkindellSep 7, 20233 min read

The Benefits of “Fair Value” Accounting for Crypto Assets on Corporate Balance Sheets A game-changing decision was made by the U.S. accounting standards board, unanimously voting…

FASB Approves Highly Anticipated Fair Value Accounting for Cryptocurrencies

FASB Approves Highly Anticipated Fair Value Accounting for Cryptocurrencies

Owen PatterSep 7, 20232 min read

Revamp in Crypto Asset Valuation on Balance Sheets The U.S. Financial Accounting Services Board (FASB) has unanimously approved a significant change in the way crypto asset…

FASB Endorses Fresh Accounting Standards for Cryptocurrency Holdings

FASB Endorses Fresh Accounting Standards for Cryptocurrency Holdings

Wyatt NewsonSep 7, 20233 min read

New Accounting Standards for Disclosure of Cryptocurrency Holdings Did you know that the Financial Accounting Standards Board (FASB) in the United States has recently approved new…

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