Bitcoin

Quarterly results at MicroStrategy Inc. will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at market prices.

The Securities and Exchange Commission's approval came despite skepticism of the asset and its value, following an appeals court decision.

The Swiss city of Lugano started to accept cryptocurrencies for paying taxes, fines and all other invoices from the municipality.

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like bitcoin held by companies.

Cryptocurrency mining is such an energy-intense activity now that a recent study found its presence can increase electricity bills in the overall surrounding community.

An Ohio man photographed lounging in a bathtub full of dollar bills stole 713 Bitcoin from a computer device seized by the IRS in a case against his older brother.

The service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin as legal tender.

Crypto seems a bit cryptic to many accountants, but it doesn't have to be.

Crypto miners and staking-service providers may learn in the days if they have to report information on their clients' transactions.

Gary Harmon told a federal judge that he used his brother's credentials to recreate eight Bitcoin wallets stored on a device in an IRS evidence locker.

Gary Harmon was charged after 713 digital tokens, then worth almost $5 million, disappeared from a hardware wallet in an IRS evidence locker as authorities watched helplessly.

A bipartisan group of senators introduced a bill that would greatly expand regulation and oversight of cryptocurrencies in order to crack down on their use in money laundering.

A recent study has found a correlation between tax scrutiny of digital assets and the use of tax loss harvesting as a compensating measure.

The GAO recommended that the Treasury Department's Financial Crimes Enforcement Network and the IRS should review registration requirements for the machines.

According to the lawsuit, Michael Saylor avoided paying taxes since 2005 by fraudulently claiming to be a resident of lower-tax jurisdictions, including Virginia and Florida.

Selling 75% of its cryptocurrency gave the company a one-time cash infusion, the electric car company said, but the battered value of its remaining Bitcoin also dinged profits.

With fast-paced change and tremendous uncertainty, this is sure to be an area of growth for accounting practices.

The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.

Good points to the IRS; avoiding partnership; sharpen your marketing; and other highlights from our favorite tax bloggers.

Two U.S. states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else.