Blockchain

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.

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

SALT benefits; taxing blockchain tech; how to onboard; and other highlights from our favorite tax bloggers.

From digitalization and consultancy to Bitcoin and cryptocurrency, 2024 is set to be a year of growth and possibility.

Plus, Prismatic launches multi-entity business solution with blockchain-like technology; and other accounting technology updates.

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

As the calendar rolls forward to 2024, and 2023 for good or bad recedes into the rearview mirror, the crypto sector and accounting professionals are attempting to plan for the future.

Plus, Wolters Kluwer's emissions reduction targets validated; and other updates from the accounting technology world.

The AICPA has proposed a framework for disclosures related to asset-backed cryptocurrencies, often called stablecoins, centered mainly on an issuer's assets versus outstanding tokens for them.

In this truly last Vendor Spotlight of 2023, we talk to Aaron Jacob, head of accounting solutions at TaxBit.

A recent study says there is no longer a typical crypto investor, as there are few characteristics that differ greatly from the general population.