SEC softens stance around SAB-121: Galaxy Research

In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.

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Watchdog alleges Super Micro is riddled with accounting, sanctions scandals

Hindenburg Research has uncovered evidence of big problems with a major AI hardware provider.

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CoreWeave Appoints Jeff Baker as New Chief Accounting Officer

CoreWeave announces Jeff Baker as Chief Accounting Officer, bringing over 20 years of experience to the AI hyperscaler. (Read More)

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US House may vote to overturn Bidens SAB 121 veto next week

While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Bidens veto.

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Cyprus calls for collective crackdown on crypto terror financing

The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.

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US President Joe Biden vetoes SAB 121 repeal

United States President Joe Biden said he vetoed the resolution because "he will not support measures that jeopardize the well-being of consumers and investors."

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US Senate overturns SECs anti-crypto resolution, but will Biden veto? Law Decoded

The U.S. president remains the last barrier to recalling the problematic anti-crypto resolution by the SEC.

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DYDX surges 10% with buybacks accounting for a quarter of protocol revenue

The decentralized exchange platform dYdX has experienced a significant 10% increase in its token value following the announcement that a quarter of the protocol’s revenue will be used for buybacks. This strategic move aims to provide additional incentives for token holders and investors, leading to a surge in demand and consequently driving up the price [...]

The post DYDX surges 10% with buybacks accounting for a quarter of protocol revenue appeared first on Crypto Breaking News.

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Decoding Bitcoin’s Transaction Surge: The Emergence Of History’s Greatest Accounting Innovation

This is an opinion editorial by Darin Feinstein, the co-founder and co-chairman of Bitcoin mining firm Core Scientific. The recent surge in transaction volume on the Bitcoin network has sparked conversation and debate about heightened transaction fees and Bitcoin’s overall goals and purpose. This has resulted in questions regarding the network’s future and its ability [...]

The post Decoding Bitcoin’s Transaction Surge: The Emergence Of History’s Greatest Accounting Innovation appeared first on Crypto Breaking News.

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Lawyers picnic: FTX counsel and advisors rake in $34M in January

Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case.

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US lawmakers argue SEC accounting policy places crypto customers at risk

While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.

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USDC transfer volume hit 5X USDT's in fallout from FTX collapse

Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT.

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Binance Accounting Vulnerability Led to Uneven Distribution of About $20M HNT

The Helium Foundation says a bug in Binance’s accounting system caused users to mistakenly receive around $20 million worth of HNT token. (Read More)

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Accounting Firm Wolf & Company Pairs with Bitpay to Accept Crypto Payments

Leading regional CPA firm providing insightful financial accounting and audit services Wolf & Company partners with cryptocurrency payment processor BitPay to accept cryptocurrency payments (Read More)

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New York Crypto Accounting Startup Tactic Raises $2.6 Million Funding

Tactic offers solutions for businesses’ crypto and DeFi accounting needs, helping themselves successfully to raise $2.6 million in a funding round. (Read More)

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Is Bitcoin A Burden For CPAs To Manage?

For maximum adoption, the industry needs accountants who understand bitcoin and know its tax implications.

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Gabay sa Cryptocurrency Accounting dito sa Pilipinas

Paano ba ilagay ang crypto sa inyong accounting books. Basahin ang aming crypto accounting guide.

The post Gabay sa Cryptocurrency Accounting dito sa Pilipinas appeared first on BitPinas.

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Our open letter to the Financial Accounting Standards Board: “We believe there is a pervasive need…

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Cryptocurrency Accounting in the Philippines Guide

We write a guide for cryptocurrency accounting in the Philippines. As far as accounting is concerned, is crypto classified as cash, property, or inventory?

The post Cryptocurrency Accounting in the Philippines Guide appeared first on BitPinas.

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Coinbase CEO Forecasts Crypto Accounting for 10% of Worldwide GDP by 2030

In a recent development, the CEO of Coinbase has made a bold prediction regarding the impact of cryptocurrency on the global economy by 2030. He forecasts that digital assets will account for 10% of the world’s GDP as they become more widely adopted and integrated into the financial system. This prediction is based on the [...]

The post Coinbase CEO Forecasts Crypto Accounting for 10% of Worldwide GDP by 2030 appeared first on Crypto Breaking News.

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