Blockchain

Since crypto's meltdown in 2022 the digital asset industry has come to rely on "proof of reserves" as the go-to attestation, from an internal accounting and market reassurance perspective.

In this Vendor Spotlight, we catch up with Bitwave co-founder and CEO Patrick White.

Gaming finance represents a radical departure from conventional gaming models. It's a concept that doesn't just entertain players; it empowers them economically.

The Government Accountability Office called for Congress to pass blockchain regulation legislation to shore up the federal regulatory apparatus.

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.

A study from Surfshark found that crypto scams cost their victims about five times as much money as losses from other cybercrimes.

The IRS is taking feedback as it moves toward policies on how to handle nonfungible tokens.

A recent study looked at government-backed virtual currency.

Plus, Nova Technology announces blockchain-powered credit management; and other accounting technology news.

The Treasury Department released its first ever illicit finance risk assessment on the vast ecosystem of decentralized finance, or DeFi, which the report said was rife with criminal activity.

The IRS proposed new rules on non-fungible tokens this week, and accounting professionals in the space see the agency starting to get serious about these assets.

Plus, Taxaroo touts AI tax advice solution as ChatGPT for Taxes; Paystand rolls out new AR and AP tools; and NetSuite saunches NetSuite MyLearn.

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

A recent study on the various projects undertaken by central banks around the world has found that the most commonly named motivation is preserving their role in monetary provision.

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

In this edition of The Frontier, Dr. Sean Stein Smith explains why some accounting work has been more difficult to automate due to lack of standardization between cases.

Software developer Alyse Sue will help KPMG explore new business models based on cryptocurrency and metaverse tech. 

Plus, AuditBoard touts new ESG program management solution; Corvee offers tax planning strategy library; and other news and updates from the accounting technology world.

The software developer announced the release of its new Cost Basis Interchange solution for digital asset reporting and compliance.

The Top 50 Firm celebrated its establishment of a presence in the virtual landscape.