Tag: accounting
MicroStrategy (MSTR) Could Merit S&P 500 Index Inclusion if It Adopts New Accounting Rules: Benchmark
MicroStrategy’s corporate strategy is partly based on the acquisition and holding of bitcoin. As of March 19 it held 214,246 bitcoin worth $13.9 billi [...]
U.S. Lawmakers Seek to Overturn SEC’s Crypto Accounting Policy ‘SAB 121’
"The SEC issued SAB 121 without conferring with prudential regulators despite the accounting standard’s effects on financial institutions’ treatment o [...]
TRES Raises $11M to Expand Crypto Accounting, Tax Platform to New Blockchains
As the crypto industry sees more institutional adoption, there will be a greater need for accounting and taxation reporting tools similar to the ones [...]
FASB Confirms 'Fair Value' Approach for Corporate Crypto Holdings
The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards [...]
U.S. SEC’s Knock From GAO Unlikely to Budge Agency’s View on Crypto Accounting
SAB 121 has been chasing large banks and brokers away from the crypto sector, said Paul McCaffery, who works as a managing director focusing on digita [...]
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin 121: GAO
"Today, the GAO recognized SAB 121 for what it is: regulation under the guise of staff guidance," said Nathan McCauley, CEO and co-founder of Anchorag [...]
FTX Used Customer Funds to Buy Back Binance Stake, Accounting Prof Reveals
“Oh, yes,” Easton said when asked by the court whether FTX ever spent user deposits. The professor testified these user deposits were reinvested into [...]
Mark to market accounting meets crypto: New FASB changes
In early September 2023, the US Financial Accounting Standards Board (FASB) finally approved the commonly accepted accounting practice of mark to mark [...]
Bitwave acquires crypto accounting platform Gilded
Crypto winter keeps sparking consolidation among crypto firms. The latest deal in the industry is the acquisition of payments and accounting platform [...]
Change to US accounting rules will be a boon to companies holding crypto in 2025
The Financial Accounting Standards Board (FASB) has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings [...]
TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team
Armanino’s digital asset team rebranded itself to The Network Firm, as CoinDesk reported, to continue performing audits and attestations after the col [...]
Pentagon Says Accounting Mistake Frees Up $3 Billion More for Ukraine
The Pentagon has significantly reduced its estimate of the value of weapons it has sent to Ukraine amid intensifying pressure to explain how it intend [...]
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
The existing approach, accounting for crypto as so-called indefinite-lived intangible assets, focuses only on the assets dropping in value. According [...]
Accounting Platform Cryptio Partners With Protocol Labs to Help Filecoin Miners Go Public
For bitcoin, the world’s largest cryptocurrency by market value, a number of mining companies of the cryptocurrency are listed on public stock exchang [...]
US accounting watchdog warns investors about proof-of-reserve reports
The Public Company Accounting Oversight Board (PCAOB), a watchdog that oversees audits of public companies in the United States, recently issued an ad [...]