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Accounting

FTX Trading LLC auditor Prager Metis hosted a metaverse office launch party at Dencentraland coordinates (19, 144) in October. (Prager Metis)
Finance
Ftx
Meet the Metaverse Nightclub–Loving Audit Firm That Presided Over FTX’s Financials
FTX auditor Prager Metis reported the company earned $1 billion in revenue in 2021. An investigation by CoinDesk reveals Prager Metis also operates in Decentraland, where it s...
FTX Trading LLC auditor Prager Metis hosted a metaverse office launch party at Dencentraland coordinates (19, 144) in October. (Prager Metis)
By Tracy Wang
Nov 11, 2022 at 8:36 p.m. UTC
Nov 11, 2022
FTXDecentralandAccountingMetaverse
FASB is considering new rules to account for swings in the value of cryptocurrency holdings. (Getty Images)
Policy
Fasb
US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
If adopted, the move would mean cryptocurrency gains and losses would directly impact companies’ earnings.
FASB is considering new rules to account for swings in the value of cryptocurrency holdings. (Getty Images)
By Nelson Wang
Nov 3, 2022 at 6:53 p.m. UTC
Nov 3, 2022
FASBAccounting
FASB considers changing crypto rules (Shutterstock)
Finance
Accounting
FASB Mulls Fair-Value Accounting for Crypto Holdings: Report
Fair-value accounting for crypto will encourage companies to put bitcoin on their balance sheet, according to Michael Saylor.
FASB considers changing crypto rules (Shutterstock)
By Oliver Knight
Oct 13, 2022 at 9:48 a.m. UTC
Oct 13, 2022
AccountingMicroStrategyFASB
Accounting platform Integral has raised $8.5 million in its first round of funding. (Shutterstock)
Finance
Funding rounds
Real-Time Accounting Platform Integral Raises $8.5M in First Round of Funding
Investors included some notable names from the crypto industry, such as figures from Coinbase, Anchorage and Dapper Labs.
Accounting platform Integral has raised $8.5 million in its first round of funding. (Shutterstock)
By Margaux Nijkerk
Sep 20, 2022 at 6:41 p.m. UTC
Sep 20, 2022
Funding RoundsWeb3Accounting
(Jesse Hamilton/CoinDesk)
Policy
Regulations
SEC's Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report
The regulator suggests that customers' crypto assets should be treated as liabilities by lenders, which could be "prohibitively costly" for banks.
(Jesse Hamilton/CoinDesk)
By Sandali Handagama
Sep 16, 2022 at 10:45 a.m. UTC
Sep 16, 2022
RegulationsSECCustody ServicesU.S.Accounting
FASB described which crypto assets would be included in a forthcoming accounting rule. (Getty Images)
Policy
Accounting
FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report
The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets.
FASB described which crypto assets would be included in a forthcoming accounting rule. (Getty Images)
By Nelson Wang
Aug 31, 2022 at 8:54 p.m. UTC
Aug 31, 2022
AccountingPolicyNFTsStablecoinsUS
Credit Suisse is the latest banking giant to flirt with crypto. (Cayambe/Wikimedia Commons)
Finance
Credit suisse
Credit Suisse Held $31M in ‘Digital Assets’ for Clients Last Quarter
The Swiss bank disclosed its custody of what are more likely tokenized securities than cryptocurrencies in keeping with SEC accounting guidance.
Credit Suisse is the latest banking giant to flirt with crypto. (Cayambe/Wikimedia Commons)
By Danny Nelson
Aug 31, 2022 at 5:36 p.m. UTC
Aug 31, 2022
Credit SuisseCustodySECAccountingBanking
(Wikimedia Commons)
Finance
Bitcoin
Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear
After the car maker sold 75% of its bitcoin, Twitter piled on the company for losing money on the sale even though it didn’t.
(Wikimedia Commons)
By George Kaloudis
Jul 24, 2022 at 2:50 p.m. UTC
Jul 24, 2022
BitcoinCrypto Long & ShortTeslaAccounting
Cryptio raises funds to build out crypt accounting platform (designer491/Getty Images/iStockphoto)
Finance
Funding
Cryptio Raises $10M to Make Crypto Accounting Easier
The company's back-office product helps collect fragmented on-chain data for accounting and tax reporting purposes.
Cryptio raises funds to build out crypt accounting platform (designer491/Getty Images/iStockphoto)
By Brandy Betz
Jun 6, 2022 at 4:00 p.m. UTC
Jun 6, 2022
FundingFunding RoundsAccounting
Tether symbol (Shutterstock)
Finance
Tether
Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say
The reduction has continued with a further 20% cut since April 1, which will be reflected in the Q2 report, the stablecoin issuer said.
Tether symbol (Shutterstock)
By Jamie Crawley
May 19, 2022 at 2:49 p.m. UTC
May 19, 2022
TetherAccountingStablecoinReserves