Helium foundation has alerted Binance about a bug that resulted in users erroneously receiving about $20 million worth of HNT. An accounting error discovered by Binance at some point last night result...
Tag: accounting
Binance Bungles Accounting for Helium Tokens, Overpays Clients Millions
“The Helium Foundation was informed by Binance late in the evening [ET] on Sept. 15 that an accounting error involving HNT had occurred,” a spokesman for the organization stewarding the project said. ...
What Skills Should Finance Students Seek To Acquire In School?
What are the exciting areas in finance? What career paths should students consider? How do current economic conditions affect these career paths? What skills and courses should students focus on? New ...
‘I thought we were pretty solid’: My girlfriend and I sold our Florida home. The $200,000 profit was wired to her account. She refuses to give me my fair share.
My long-time girlfriend and I moved to Florida three years ago. After renting a home for a year in an area we liked, we bought a home together. I was not working at the time, she was, so we agreed tha...
Ernst & Young Leaders Expected to Approve Plan to Split Accounting Company
Ernst & Young’s leaders are expected this week to give the green light to splitting its auditing and consulting businesses, paving the way for the biggest shake-up in the accounting profession in ...
Compounding a disastrous year for Bitcoin and other cryptocurrency: IRS proposes controversial new question about digital assets
The Internal Revenue Service could have a potential head-scratcher of a question about your crypto investments and what’s taxable, according to a major accountants’ association. For two years, the IRS...
FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ
The Financial Accounting Standards Board (FASB) will not include NFTs and some stablecoins in its crypto accounting review, The Wall Street Journal reported on Aug. 31, citing sources. According to th...
FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report
FASB did not name specific crypto assets that would be excluded from the rule. But it said the digital assets addressed by the rule would include those that are intangible, don’t carry contractual rig...
I shared expenses 50/50 with a friend on vacation. She wants me to split the cost of her credit card’s foreign-transaction fees. Is that sharp practice?
Dear Quentin, I recently took a trip to another country with a friend. We agreed to share expenses. When they presented their list of expenses, they included a foreign transaction fee charged by the c...
Cryptocurrency Accounting for Businesses | Coinspeaker
As crypto acceptance grows and new challenges and obstacles occur, changes in legislation are expected to continue. Many are oblivious to or simply confused about the existing requirements for reporti...
I set up a company with friends. It has sales of $1 million. Two partners hijacked control of the bank accounts, and want to push others out. What can we do?
I went into business with friends operating a night market. We hold big events every two weeks. We started an LLC as equal members, all with a 25% share. Friend A had the idea to do it and said they w...
Opinion: U.S.-China relations just got a whole lot better, boosting the prospects of these three stocks
If you are laser-focused on inflation and the Federal Reserve’s policy, you might have missed a key breakthrough in U.S.-China relations that will boost U.S.-listed China stocks over the next six mont...
Alibaba, Nio stocks rally along with other Chinese names as SEC reaches audit deal with China
U.S-listed shares of Alibaba Group Holding Ltd. and Nio Inc. were among Chinese names trading higher in morning action Friday after the Securities and Exchange Commission announced that it has struck ...
‘The backlash to quiet quitting smacks of another attempt by the ruling class to get workers back under their thumbs:’ Am I wrong?
I have something to get off my chest. Please bear with me. We learned a lot from the (more than) two years of pandemic life. Among those lessons: 1. We can be really effective and productive working ...
‘Home prices where I live are close to $600,000.’ Is it a smart move to buy a house with all-cash — or better to take out a mortgage?
Dear Big Move, I’ve recently been thinking about purchasing my first home at 35. I have a nest egg of about $1.8 million that I’ve accrued over the past 14 years. This money is completely invested in...
Alibaba, JD.com Rising on Report of Resolution to SEC Delisting Issue
Text size Alibaba stock rose more than 8% following the report. AFP/Getty Images Stock in Alibaba Group and Tencent Holdings took off on Thursday after The Wall Street Journal reported that security r...
U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese Companies
SINGAPORE—The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York, accor...
Six things that could change your mind about retiring early
Robert Johnson, a professor of finance at Creighton University’s Heider College of Business, retired from a career in financial education in 2018 but recognized that he wasn’t comfortable spending his...
Apple workers tell CEO Tim Cook: ‘We demand location-flexible work’
The self-styled solidarity group AppleTogether launched a petition Monday demanding a more flexible work policy in response to the company’s return-to-office mandate. “We demand that Apple allows each...
Housing market ‘extremely volatile’ with private equity accounting for a third of the sales: Expert
Inflation and recession fears turned a once red hot housing market into a cool down. Fluctuating mortgage rates dropped below 5% and then up again, with the rate on the 30-year fixed mortgage at 5.22%...
3 cloud providers accounting for over two-thirds of Ethereum nodes: Data
The majority of 4,653 active Ethereum nodes are in the hands of centralized web providers like Amazon Web Services (AWS), which could “expose Ethereum to central points of failure,” according to crypt...
Tether Announces Hiring of Fifth Largest Accounting Firm For Audits
15 seconds ago | 2 mins read Altcoin News Attestation release schedule will be changed from monthly to quarterly. Tether claims this would be the “next step” toward a full audit of the company. Binder...
Another sign of a looming recession? Americans’ ‘financial health’ fell for the first time in five years
Are you late paying for your utilities? Do you have enough set aside for a rainy day? Less than one-third (31%) of Americans are “financially healthy” in 2022, down 3% from a year ago, according to th...