Digital Currency November 18, 2022
FTX Users Can’t Count on Help From the IRS
When market investors suffer losses, they’re often eligible for a tax write-off to soften the blow. FTX users won’t be so lucky.
Accounting November 17, 2022
Lawsuit Filed Against FTX and Promoters, Including Tom Brady and Shaq
The civil lawsuit filed in Miami federal court is far from the only legal problem for the Bahamas-based company, whose filing for bankruptcy has shaken the cryptocurrency markets.
Firm Management November 15, 2022
Grant Thornton Launches empower.x
Grant Thornton developed empower.x using its alyx digital platform. The alyx platform is a concierge-enabled system that pairs subject-matter specialists...
Digital Currency November 15, 2022
Steph Curry Could ‘Lose Big’ From FTX Collapse
Celebrity brand ambassadors for FTX could be questioned about their role in promoting such a risky investment.
Digital Currency November 14, 2022
FTX Debacle Shows Need for Crypto Regulation, Yellen Says
The Chapter 11 bankruptcy protection filing by FTX has rattled a crypto market beset by months of price declines.
Digital Currency November 11, 2022
Cryptocurrencies Extend Losses as FTX Commences U.S. Bankruptcy
FTX founder Sam Bankman-Fried also resigned as chief executive officer this morning.
Digital Currency November 10, 2022
FTX’s Uncertain Future Could Impact Home of the Miami Heat
The Miami Heat play their home games at FTX Arena, but the naming rights have now come into question.
Digital Currency November 10, 2022
FTX Faces Probe by U.S. Regulators Into Client Funds, While Binance Drops Plans to Acquire Rival
The inquiries by the SEC and the CFTC relate to the liquidity crisis that has pushed FTX to the brink.
Digital Currency November 9, 2022
One-Third of Americans Believe Cryptocurrencies Are Ponzi Schemes, Survey Says
Many people think cryptocurrencies are Ponzi schemes because they promise high returns on investment.
Digital Currency November 9, 2022
Binance Throws a Life Preserver to Rival Exchange FTX
Rumors had swirled of late about FTX going bankrupt. It is likely to be saved now that Binance said Nov. 8 it intends to acquire FTX.
Accounting November 8, 2022
K2 Enterprises Announces 21st Annual K2 Quality Award Winners
In addition to the Prime award, K2 names award winners in 22 individual categories. For 2022, following are the award winners in each of these categories.
Taxes November 3, 2022
IRS Criminal Investigation Had 90% Conviction Rate in FY 2022
IRS-CI carried out more than 2,550 criminal investigations during its most recent fiscal year, according to a report.