Bitcoin

The widow of Quadriga Fintech Solutions Corp. founder Gerry Cotten spent C$300,000 ($225,000) to help the shuttered cryptocurrency exchange secure court-approved protection from creditors, keeping clients owed millions at bay. Now she’s looking to be repaid.

Accounting professionals need to keep developing and maintaining robust internal controls around cryptoassets.

Blockchain and cryptocurrencies are going to play a major role in the economy and the accounting profession.

The Buckeye State will be the first to allow companies to use Bitcoin to pay their taxes.

Clients need to pay attention to the tax ramifications of their cryto holdings.

The aim is to accelerate blockchain-related policy development and issues around implementing blockchain at the enterprise level.

The cryptocurrency is pegged to a fiat currency like the U.S. dollar or to assets like gold.

As blockchain-based technology makes waves in every sector of the business world, accounting professionals should be prepared to answer client questions

The firm will lend its expertise in governance, security, risk management and controls to Cred’s understanding of the movement of digital currency.

House Ways and Means Committee Chairman Kevin Brady, R-Texas, and other Republicans on his committee have sent a letter to the Internal Revenue Service asking for more detailed guidance for taxpayers about virtual currencies such as Bitcoin and Ethereum.