Resources for accounting professionals.
Summary Of Modules
Summary of modules – Crash Course for Professionals Module 1: Talk Crypto Blockchain overview: Types of blockchains: Consensus mechanisms: Blockchains by layer: Cryptocurrency basics: Module 2: Crypto Use Cases and Ecosystems Decentralized finance (DeFi) vs Centralized finance Use cases: Benefits of digital currencies: DeFi tools: Wallet types: Web3 ecosystems: Data security practices: Module 3: The …
Crypto services plan for professionals
Crypto services plan for professionals. Steps to incorporate crypto into your practice Determine your direction Decide how crypto will be tackled; 3 primary options: The following is a unique option for those who are on the fence about crypto and may be looking at retirement within the next 3-15 years: Hire a junior to handle …
Private key storage
Private Key Storage Recovery phrase vs private key Managing the security of your private keys is critical in the world of cryptocurrency. Private keys are what give you access to your crypto assets, and if you lose access to them, you lose access to your funds. Storing your keys in a single location increases the …
CARF: The Tax Man Has Arrived in the Cryptosphere
CARF: The Tax Man Has Arrived in the Cryptosphere The upset Big changes are coming, and few are prepared: Overview of CARF CARF is a game-changer; delivering usersʼ crypto data right to the front door of the tax authority: The 3 components of CARF CARF encompasses key areas that define its operation: The tax man …
Earning rewards
Staking & Yield Farming Uber summary Staking overview Staking is depositing crypto assets to earn returns, referred to as ‘rewardsʼ. Some staking platforms are flexible, allowing the depositor to withdraw at an time. Others offer a variety of terms, with the longer durations offering a higher yield. From a taxation perspective, staking a coin which …
Common Crypto Tools
Common Crypto Tools Blockchain explorers View a wallet, research transaction details Coin prices & performance Coin rankings, screeners, market volume, charts, exchange information Dex tools, rankings, search DeFi related tools, commonly used to find pairs and to check a coinʼs market cap or exchange volumes News Disclosure: Use these tools at your own risk. Crypto …