How VARA is Pioneering Crypto Regulation?
At Paris Blockchain Week, one message stood out. Digital assets deserve clear, practical rules. Endless debate over who is in charge gets in the...
How does Data Completeness Look in a Crypto Subledgers?
Protocol distributions, genesis allocations, pruned data, lazy validation clients, complex transactions, custom events and messages, internal txns, incomplete indexation, missing wallets, CEX APIs.
What is Coinbase Prime? The Best Institutional Crypto Platform
Learn what Coinbase Prime is and how it serves institutional investors with advanced trading tools, secure custody, and comprehensive crypto solutions.
When to Consider VARA? Dubai’s First Virtual Asset Regulations
Understand the Virtual Assets Regulatory Authority's role in Dubai's digital economy, including compliance, licensing, and investor protection for virtual assets.
Abu Dhabi Global Market: What you need to know as a Crypto Accountant
Learn how the Abu Dhabi Global Market offers crypto accountants a supportive environment with regulatory clarity, tax benefits, and access to global markets.
A Quick Look to Crypto Custody Expertise for Enterprises
Treasury functions have expanded significantly within businesses utilizing digital assets. With broader access to company wallets, finance teams have to establish effective internal controls to mitigate the risks associated with access to and control of assets.
Bitcoin 2024 Nashville: The new Corporate Treasury Reserve
Read this summary to gain valuable insights into corporate Bitcoin adoption. Companies like MicroStrategy, Semler Scientific, and Metaplanet Inc. are leading the way, showcasing the strategic value of Bitcoin as a treasury asset. Their experiences and strategies offer a roadmap for other corporations considering a similar path.
Cayman Islands Make Strides with Pivotal Virtual Asset Regulations
Cayman Islands’ Regulatory Leap for Virtual Assets
As global jurisdictions embrace more defined frameworks for digital assets, the Cayman Islands continues to refine its regulatory clarity leadership. The Virtual Asset (Service Providers) (Amendment) Bill, 2024, is the latest step in aligning with this worldwide shift
What is the Statement of Digital Asset (SoDA)?
Traditional frameworks like Generally Accepted Accounting Principles (GAAP) struggle to accommodate the unique characteristics of blockchain-based assets. Businesses dealing with cryptocurrencies, NFTs, and tokenized...
Ready for the New Standard of Digital Asset Reporting with SoDA
Cryptoworth has been closely following the development of SoDA and continually updating our sub-ledger software to ensure seamless integration with this groundbreaking standard. As digital asset reporting evolves, our sub-ledger technology has positioned us as a leading solution for companies looking to incorporate the Statement of Digital Assets into their financial stack.
Is Revenue Gross or Net in Crypto Financial Statements?
VASPs face a critical decision: should revenue be recognized on a gross or net basis? This hinges on whether they act as principals or agents, following IFRS 15 guidelines. Accurate revenue reporting ensures compliance and reflects financial performance.
Best NetSuite Solution for Cryptocurrency Accounting
Managing cryptocurrency within Oracle NetSuite can transform how your business handles digital assets. NetSuite, a leading enterprise resource planning (ERP) system, is robust and...
Best QuickBooks Solution for Cryptocurrencies
Managing crypto transactions in Intuit’s QuickBooks can be a daunting task. The complexities of tracking digital assets across multiple wallets, exchanges, and blockchains require...
Opportunities from the 2024 State of Enterprise Adoption for Digital Assets
The adoption of digital assets by enterprises is no longer a mere trend; it has become a significant shift in the financial landscape. This article explores the latest trends, challenges, and opportunities in enterprise adoption of digital assets, supported by real-world examples and case studies.
Accounting for Staking Rewards: A Quick Dive Under IFRS
This article explores the accounting for staking rewards by validators and delegators under the International Financial Reporting Standards (IFRS). We will examine the critical roles of these participants in maintaining network security and how their contributions are accounted for from a financial reporting perspective.
How to enhance crypto accounting using month-end closing features.
How Berkowitz Pollack & Brant CPA firm leveled up their crypto accounting for their web3 clients using Cryptoworth month-end closing features
How to Account for Cryptocurrency under IFRS.
This edition provides guidance on some of the basic issues encountered in accounting for holding of cryptocurrencies, focussing on Classifying Cryptocurrencies within the IFRS Framework.
Accounting for Simple Agreement for Future Tokens Notes under IFRS
A brief overview of the IFRS treatment of SAFT.Why it's becoming crucial for accounting in the digital assets economy.
Introducing the New SAFT Module in our Crypto Accounting Solution
At Cryptoworth we strive to reduce the complexity of cryptocurrency adoption, usage, and management for organizations. That’s why we have recently launched an innovative...
How to Streamline Crypto Accounting for Accurate Web3 Audits.
What's the importance of automated crypto accounting for audits? Here is MELD's success story reshaping the financial landscape for crypto businesses.
How is US GAAP and IFRS Different for Digital Asset Accounting?
Explore the key differences between US GAAP and IFRS to better understand and determine which framework best aligns with your digital asset accounting practices.
How New Rules will Affect Digital Asset Accounting: What CFOs Need to Know.
Discover the latest developments in digital asset accounting guidance and the impact of these new guidelines on financial reporting. Scope and key aspects of the new crypto asset accounting rules.
2023 Financial Insights on Blockchain Gaming for web3 CFOs.
Explore GameFi in 2023, why is it complex for finance teams and best accounting practices for accountants or accounting firms servicing gaming studios.
8 steps to be ready for Crypto Accounting Success.
Ask any crypto accountant or CFO about one of the biggest challenges they have when working with their clients or in-house teams, and you’ll probably hear a common theme of being able to aggregate all the data. The second challenge is unwinding the data into auditable financial statements.
Data collection: The Pain for crypto CPAs financial teams.
Bookkeeping should be simple for CPAs and accounting firms, but it's not. Dive into the real challenges of web3 data accounting that every CPA must tackle.
What Are NFT Bonds? Pricing Made Simple for Web3 Accountants
Struggling with finding NFT bond fair market value? Explore how an automated solution is helping NFT accounting for web3 accountants. Discover what are NFT bonds and how is it possible to simplify daily balance checks and gain mastery over the complexities of the NFT price space.
Managing Crypto Data For Financial Reporting
When we started Cryptoworth in 2017, because of a lack of proper tools to track crypto, the problem got bigger with the rapid growth...
Two Proven Ways for Treating Staking Income In Accounting
Accounting treatment of staking activities needs to be defined. Regardless of whether or not the operating entity is in a taxable jurisdiction or not.
How to Setup your Crypto Back-Office for good
Crypto Custody, Crypto Payroll, Crypto Payments, Crypto Accounting, Crypto Reporting, and more areas need to be completely rethought in the context of Web3.
Compare Two Methods For Rebase Protocols Reporting
If you are wondering how to report for rebase protocols, you are not alone.
Cryptocurrency Accounting in 2024: Compare WAC and Cost Basis.
In this article, we will weigh the pros and cons of using the Cost Basis and Weighted Average Cost (WAC) accounting method for cryptocurrency.