Digital Currency December 15, 2022
Senate Banking Committee Probes FTX Debacle
Chairman Sherrod Brown of Ohio compared Sam Bankman-Fried to Bernie Madoff on Wednesday.
Digital Currency December 14, 2022
FTX Founder Sam Bankman-Fried Charged with ‘One of the Biggest Financial Frauds in American History’: Feds
He is accused in parallel criminal and civil complaints of orchestrating a yearslong fraud causing billions in losses.
Digital Currency December 12, 2022
Sam Bankman-Fried Arrested in Bahamas as U.S. Files FTX Charges
The disgraced co-founder of digital-asset exchange FTX is being held in custody pending an extradition process.
Firm Management December 12, 2022
Your Firm and Your Providers
While a December column would frequently predict or suggest changes for the coming year, it is time to take a longer view.
Digital Currency December 8, 2022
Overshadowed by Failures, Crypto Hacking Exacts Higher Price
Hackers made off with more than $3 billion in digital assets so far this year, according to research firm Chainalysis.
Digital Currency December 6, 2022
Crypto Pressure Ratchets Up as FTC Probes Several Firms Over Ads
“We are investigating several firms for possible misconduct concerning digital assets,” the FTC said in a statement.
Accounting December 6, 2022
Predictions for the Accounting Profession: 2023 and Beyond
The end of the year means it’s time to get ready for another busy season and to tune up your strategic plans for the years ahead.
Taxes December 5, 2022
Donor-Advised Funds Offer a Charitable Way to Harvest a Tax Break
The number of DAFs has nearly tripled to 1.3 million since Congress approved the Tax Cuts and Jobs Act in 2017.
Sales Tax December 4, 2022
Tax Changes 2023: Key Compliance Concerns Facing Businesses Today
There are more than 13,000 sales and use tax jurisdictions in the United States, and rates in each jurisdiction are subject to change as new taxes are adopted or old ones expire.
Digital Currency December 1, 2022
FTX’s Missing Billions Remain a Mystery Following Bankman-Fried Interview
“I made a lot of mistakes. I didn’t ever try to commit fraud on anyone,” FTX founder Sam Bankman-Fried told the NYT.
Digital Currency November 30, 2022
As FTX Burned, Lawmakers Said to Be Dithering Over Regulator
The central debate about regulation of cryptocurrencies is whether they are securities or commodities.
Digital Currency November 28, 2022
Crypto Lender BlockFi Files for Bankruptcy in Aftermath of FTX
Valued at $3 billion in March 2021, BlockFi looked to raise money at a reduced valuation of about $1 billion in June.