Blockchain

Plus, Acumatica rolls out 2025 R2 release; Qount announces AI-Powered 1099 Workflow solution; and other accounting tech news and updates.

Asset tokenization, the creation of digital ownership representations for diverse assets on blockchain and DLT platforms, is a transformative force in finance.

The Public Company Accounting Oversight Board sanctioned Adeptus Partners and its partner Howard Krant for violations related to supervision, review and quality control.

Change is not at hand; a question for brokerages; the IRS Simple Installment; and other highlights from our favorite tax bloggers.

Plus, Intuit launches Tap to Pay for iPhone users, AuditBoard unveils new AI-driven features, and other accounting tech news.

The House of Representatives passed a resolution to repeal the regulations that created reporting requirements for digital asset brokers using decentralized finance systems.

The Trump administration's move will only increase the opportunities in helping manage and audit crypto holdings.

If we establish a Bitcoin reserve, the U.S. taxpayer loses and the wealthiest Bitcoin holders win.

Plus, Corecentric enhances its International Tax Management Engine; and other accounting tech news and updates.

The new administration has discussed creating a strategic Bitcoin reserve. What accounting changes would we see as a result?

Accounting researchers suggest that using blockchain, smart contracts and NFTs could simplify tracking for carbon reporting.

Saving Social Security; sued over an address; more 5471 opinions; and other highlights from our favorite tax bloggers.

Starting in January, cryptocurrency will need to be reported to the IRS on an account-by-account basis versus the "universal wallet" approach most had been using.

Taxbit announced it now offers comprehensive support for the new Form 1099-DA, which pertains to digital assets.

Accounting tech space sees major acquisitions this week; Bitwave releases Data Fusion tool for digital assets; TaxValet gains B-corp status; and other accounting tech news.

TaxBit announced the launch of enterprise-grade pricing feature within the TaxBit Accounting Suite.

The adoption of on-chain accounting in stablecoin markets is not just a theoretical concept; it's already being implemented.

The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren't monetary unless they come from a central bank.

The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.

Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.