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How to handle crypto trading gains and losses on your balance sheet
Cryptocurrency taxation and reporting transactions on your balance sheet differ. Here’s how to treat cryptocurrency on your balance sheet. Currently, no accounting standards are dedicated to crypto assets, so broader guidelines per the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Practice (GAAP) are applied to cryptocurrency accounting. Balance sheets are among the three primary…
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Report Reveals 88,200 Millionaires Built Wealth Through Cryptocurrency
A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. At the time of writing, the crypto economy boasts a valuation slightly above $1 trillion. This vast sum has birthed a new generation of…
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Bitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says
A report from the firm noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price.
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5 Best Crypto Bull Run Coins to Invest in April 2023
The cryptocurrency market is showing strength as prices continue to surge, with many experts believing that the market is primed for its next bull market. As the global economic situation improves, several crypto projects with strong fundamentals and exciting use cases are ready to show explosive price growth. This article analyses the growth prospects of…
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NFTs Are Going Big in Latin America Amid a Crypto Boom
With an increasing number of financial and political crises in recent years, Latin American citizens have found in crypto a powerful tool to cope with the instability. Now, non-fungible tokens (NFT) are booming in the region, with the goal of solving real problems and not speculation. High inflation has led millions of Latin Americans to…