A Guide for Forensic Analysts As cryptocurrencies become more mainstream, it is vital for forensic analysts to understand and analyze digital currency data. Forensic analysts are increasingly being brought in to trace and help recover crypto assets in criminal matters, such as money laundering and other fraud prosecutions. There is also a noticeable increase in the use of forensic analysts in civil litigations, which can range from contested divorces to probate and bankruptcy cases. This article focuses on how to trace and recover crypto assets using one of the major exchanges as the example. Coinbase is an online cryptocurrency exchange…
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Removing third-parties speeds transactions and reduces their cost. CFOs and finance departments are always looking for reductions in cost and increases in speed and efficiency in business engagements. One option that is attracting more attention is the smart contract. To read the full article in the Journal of Accountancy, click: How Smart Contracts Can Create a Competitive Edge.
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The FASB is conducting early stage research about developing an accounting standard for digital currency and the technology that underpins it. With the use of digital currency increasing, proponents say inconsistent accounting practices are becoming a problem. To read the full article in Thomson Reuters, click: Bitcoin Seeks Recognition from U.S. GAAP.