Bitcoin – What You Need to Know Dec15

Posted by & filed under Blockchain/Cryptocurrencies, White Papers/ Thought Pieces.

coins

Bitcoin, a stateless digital currency, continues to captivate global investors. While it has some similarities to gold, it has captured the imagination of investors as nothing we have experienced in years. Over the last several weeks, bitcoin has climbed from $7,000 to $8,000 and now has even eclipsed $19,000 per coin. It doubled in value since mid-October 2017 and doubled again over the last couple of weeks. In 2017 to date, its value has soared from $982 to well over +1,600%. It took 1,230 days for it to eclipse $1,000 and another 1,269 days to eclipse $2,000. It took 16 days to move from $7,000 to $8,000 and only 7 days to move past $9,000 for the first time. Now it is moving well over $1,000 on a daily basis

... Read more »

Understanding Cryptocurrencies: Audit Considerations and Potential Regulations Oct20

Posted by & filed under Blockchain/Cryptocurrencies, Regulatory, White Papers/ Thought Pieces.

bitcoin

Over the past six months, our Alternative Investment industry professionals at Richey May have seen a rapid uptick in activity in the cryptocurrency, or digital currency, space. Having been involved with these digital assets for a few years now, our tax and audit teams have developed insights into the unique challenges these assets present to both funds and investors – particularly key considerations that fund managers should understand prior to an audit, and how to mitigate risk to encourage investors

... Read more »