Crypto Tax and Accounting Platform Bitwave Raises $7.25M

Blockchain Capital led the firm's seed round as VC bets on crypto tax plays pick up steam.

Business  ·  12 August 2021

Tether’s Report Card Offers Less Detail Than Rivals’

Our columnist compares how the company behind the leading stablecoin (USDT) attests to its reserves and how its competitors do it.

Markets  ·  19 April 2021

From Enron to Wirecard: How Blockchain Tech Could Have Helped

If blockchain technology is used within a regulated financial system, Wirecard-esque scandals can be a thing of the past, writes BRD CEO Adam Traidman.

Policy & regulation  ·  25 July 2020

Crypto Card Issuer Wirecard Says It’s Missing $2.1B in ‘German Enron’ Scandal

Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet.

News  ·  18 June 2020

Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Certified Public Accountants familiar with crypto largely believe their clients might face audits or penalties for under-reporting holdings in past years, according to a survey.

Policy & regulation  ·  31 March 2020

EY Launches Blockchain Tool to Help Bring Accountability to Public Finances

The accounting giant is using blockchain tech to assist governments in improving transparency and accountability in the management of public funds.

Business  ·  16 October 2019

Crypto Firms Merge to Build Software for Institutional Investors

In a bid to provide services for institutional investors, investor tools provider Picks & Shovels is merging with crypto accounting startup CoinVantage.

Business  ·  21 December 2018

Stablecoin Issuer Promises Full Audits of Euro-Backed Crypto Token

The engagement of BDO Malta aims to dispel any doubts that EURS stablecoins are backed one-to-one by euros.

Markets  ·  10 December 2018

Digital Assets Don’t Change Reporting Needs, SEC’s Top Accountant Says

The arrival of cryptos doesn't alter the need to maintain proper accounting records, the SEC's Wesley Bricker said Monday.

Policy & regulation  ·  18 September 2018

Tether Review Claims Crypto Asset Fully Backed – But There’s a Catch

Tether has finally produced a third-party report proclaiming that its cryptocurrency, USDT, is fully backed by U.S. dollars – with some big caveats.

Markets  ·  20 June 2018

XBRL Reporting Standard Co-Founder Joins Blockchain Startup

Blockchain startup Auditchain has added the co-founder of a widely used business reporting standard to its leadership team.

Tech  ·  28 November 2017

Libra Eyes Institutional Investors with Crypto Tax and Accounting App

Blockchain startup Libra has unveiled a new compliance application for the institutional market, targeting businesses like crypto funds and exchanges.

Business  ·  28 November 2017

Top SEC Accountant Wants Auditor Eyes on Crypto

The SEC's chief accountant is taking distributed ledger technology seriously, exhorting other accountants to do the same.

Policy & regulation  ·  14 November 2017

Transparent ICOs? Blockchain Projects Prove Value with New Accounting Tech

Blockchain startup Balanc3 is launching a new accounting platform for ICOs, one aimed to give both issuers and investors more peace of mind.

Policy & regulation  ·  9 October 2017

US Accounting Standards Body Weighs New Digital Currency Rules

The Financial Accounting Standards Board is reportedly mulling whether to develop new guidelines for companies working with cryptocurrencies.

Markets  ·  12 July 2017