View Deputy Attorney General Monaco’s Remarks here. Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. Thus far, law enforcement has seized over $3.6 billion […]
Cryptocurrency
As an emerging issue, guidance on accounting for virtual currency as an investment or as a means of conducting transactions is still in the beginning phases. CPAs who are looking for helpful information may be interested in some of the resources profiled in this month’s column. Deloitte Perspectives Deloitte offers […]
It’s safe to say the crypto kitty is out of the bag. Over the past seven years, cryptocurrencies have rocketed from about $5.2 billion in market capitalization for the top 100 coins to nearly $1.7 trillion as of January 2022. Cryptocurrencies now represent the fourth-most popular type of investment among investors, behind only stocks, […]
Cryptocurrency continues to take hold as an international social, economic, and cultural phenomenon. Like with any new and emerging technology, the speed at which users have adopted cryptocurrency has drastically outpaced the speed of state and federal agencies in studying, much less regulating, the technology. But that is starting to […]
Hot Topics takes an issue that’s being discussed in the news and allows you to compare and analyse different news articles and viewpoints on the subject. Our question prompts encourage you to examine the topic in-depth and can be used on your own, or with a friend. Launched in 2009, […]
[Stay on top of transportation news: Get TTNews in your inbox.] Walmart Inc. is preparing to create its own cryptocurrency and collection of nonfungible tokens, filings with the U.S. Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse. The retailer sought several new […]