Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell...
Robinhood Markets Inc. could potentially double its balance sheet when it begins reporting $20 billion of crypto assets held by its platform users on financial statements this summer. That balance sheet surge for Robinhood and other big crypto players like Coinbase Global Inc. is tied to Securities and Exchange Commission...
NEW YORK–(BUSINESS WIRE)–May 12, 2022– Crypto-native market integrity and risk monitoring leader Solidus Labs announced today it has secured a $45 million Series B funding round, led by Liberty City Ventures. Additional funds participating in the round include Evolution Equity Partners which led Solidus’ A-series funding in May 2021, Declaration...
Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities. As it stands under current FASB guidelines — which is the source of authoritative Generally Accepted Accounting Principles (GAAP) — companies must report digital...
Companies like MicroStrategy Inc., Tesla Inc., and Block Inc. will get long-awaited rules for accounting for the stashes of Bitcoin and other digital assets they hold on their balance sheets, U.S. accounting rulemakers said Wednesday. The Financial Accounting Standards Board unanimously agreed to kick off discussions on how to recognize...
The Financial Accounting Standards Board voted to consider setting clear rules on the accounting and disclosure of certain digital assets such as Bitcoin and Ethereum, a move that could fill a gap for companies that hold these assets and provide more information to investors. The U.S. accounting standard-setter said on...
At least one real estate company isn’t waiting for the SEC to clarify its new climate-related ESG disclosure rules to up its game when it comes to transparency of carbon emissions. Brookfield Property Partners recently announced a five-year agreement with its sister company, Brookfield Renewable Partners, to supply renewable energy...
Tactic, a startup that helps businesses manage — and simplify — cryptocurrency finances, is emerging from stealth today with $2.6 million in seed funding. Founders Fund and finance automation startup Ramp co-led the raise for Tactic, an eight-person outfit based in New York City. Elad Gil and Figma co-founder Dylan...
The Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”)1 on March 31, 2022. SAB 121 provides SEC staff’s views regarding accounting treatment of obligations incident to a reporting company’s custody of crypto-assets for its platform users.2 The staff notes that they have observed an increase...
The Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”)1 on March 31, 2022. SAB 121 provides SEC staff’s views regarding accounting treatment of obligations incident to a reporting company’s custody of crypto-assets for its platform users.2 The staff notes that they have observed an increase in the...
