For bitcoin, the world’s largest cryptocurrency by market value, a number of mining companies of the cryptocurrency are listed on public stock exchanges, Marathon Digital (MARA) and Riot Platform (RIO...
Tag: accounting
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of tech financing, were locked up...
Where Were the Regulators as SVB Crashed?
Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from depositors who could ask to be repaid at any time, and invested it in long-term asse...
Biden’s budget wants tax hikes, but expiring Trump tax cuts are the big showdown
For five years, most Americans have seen lower income-tax rates and tapped a bigger standard deduction, but without congressional action before the end of 2025, the rules could still revert to levels ...
US accounting watchdog warns investors about proof-of-reserves reports
The Public Company Accounting Oversight Board (PCAOB) — a watchdog that oversees audits of public companies in the United States — recently issued an advisory that warned investors about proof-of-rese...
Marathon Digital To Restate Financials After Accounting Issues
Bitcoin miner Marathon Digital has announced that it will reissue several financial statements from its audited 2021 results and unaudited reports from 2022. The announcement comes after an inquiry c...
Bitcoin miner Marathon cancels Q4 earnings call over accounting corrections
Bitcoin miner Marathon Digital canceled its fourth-quarter earnings call scheduled for Tuesday after the U.S. close. The miner postponed the release of its fourth-quarter and 2022 full-year resu...
Artificial Intelligence Crypto Assets Continue to Surge, Accounting for $4 Billion in Market Value – Altcoins Bitcoin News
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, ...
Retirees struggling to stay afloat: How to keep health and economic issues from draining your savings
Dorri Olds, a 61-year-old freelance writer and graphic designer, says she has spent nearly all her savings to refurbish her New York City apartment. In an emergency, she says she would sell it and con...
These 61 companies tried out a 4-day workweek — and most are sticking with it
Four-day workweek for the win. Companies in the U.K. that experimented with a four-day workweek last year reported more revenue and less staff attrition, while most workers participating in the trial ...
My fiancé and I are 60. His adult daughter is opposed to our marriage — and insists on inheriting her father’s $3.2 million estate. How should we handle her?
What advice would you give to a widow and widower considering marriage on how to manage finances — and deal with adult children? We are both 60 years old and plan to work a few more years, mostly for ...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas – Bitcoin News
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiar...
I’ll inherit $40,000 from my grandmother. Should my husband and I boost our kids’ college savings accounts, or pay off credit cards and student loans?
After a terrible battle with dementia, my grandmother died a few weeks ago. She did not leave much, but I will — along with my siblings — receive about $40,000 in life insurance. I am trying to figure...
IRS says people in most states who got inflation-relief payments don’t have to report it on their taxes. Here’s where.
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs. This week, the IRS has been trying to determine if...
Tether Completes Reserves Attestation by Major Global Accounting Firm
The completion of the reserves attestation for the cryptocurrency Tether has been accomplished with flying colors by the prestigious international accounting firm BDO. The attestation that Tether is t...
Ledgible catalyzing TradFi adoption with its crypto taxation and accounting tools
The introduction of blockchain technology has brought various opportunities and innovations in the decentralized space. Along with these positive outcomes, the adoption of crypto tax has taken the blo...
Lyft stock melts down after earnings ‘debacle for the ages’
Lyft Inc. isn’t getting too many stars for its latest earnings report, which is helping to send shares down more than 30% Friday morning as numerous bulls head for the hills and fret about the company...
‘And then 2022 happened’: I borrowed $500,000 from friends and family to invest in the stock market, foolishly promising a 10% return. Can I avoid legal action?
Dear Quentin, I am a budding options/futures trader with my own sole proprietor investment business. Heading into 2022, I took on a large cash infusion of $500,000 from friends and family under the g...
‘I am watching my inheritance evaporate’: My brother and sister constantly hit our parents up for money. What can I do to stop this?
I am 46 and single. I have a good job and own my own home but live modestly. I have been fortunate not to have had to ask my parents for anything over the years. My brother and sister, by contrast, ha...
Here’s exactly when the majority of families start saving for college — but experts say that’s simply not good enough
Indeed, should you pull a Swift one and start thinking about your kids’ college — or even saving for it — before your kids are born? Valerie Macon/Agence France-Presse/Getty Images Taylor Swift, with ...
The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stocks are off to a weaker start as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that th...
Hollywood Accounting Rider
Shell game. Bettmann Archive From reading the pleadings in cases filed against film companies for allegedly under-reporting participations owed to talent, licensors, or financiers, a pattern emerges o...
I’m 72, have a cushy amount invested and was withdrawing 4% a year. But once I pay my financial adviser’s fees and California taxes that won’t be enough. What’s my move?
How to figure out if your adviser is worth what they’re charging you. Getty Images/iStockphoto Question: I have a comfortable balance in my investment account but have a question about only taking out...
Silicon Valley Bank collapse: What should you do if your bank closes down?
Silicon Valley Bank, which helps fund technology startups backed by venture-capital firms, has closed its doors. The California Department of Financial Protection and Innovation made the decision to c...