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According to the ruling, the fair value of staking rewards should be recognized as taxable income as of the date and time the taxpayer gains dominion and control.
The law, which takes effect Sept. 1, 2023, offers greater clarity for Bitcoin mining companies that use stranded and flared natural gas to power their operations.
WebinarJoin Weaver, The Texas Blockchain Council and Winstead for an insightful discussion about the latest updates and trends in the blockchain & digital assets industry.
The new guidance for recipients of any HEERF awards has grantees looking at their public postings so that they are prepared to comply with closeout requirements.
The DOE hosted two webinars for recipients of HEERF awards. To ensure compliance with the terms of their award, recipients should consider several items covered.
Weaver understands the regulations and best practices grant recipients need to follow to ensure compliance from Day One. Learn more.
In an effort to increase financial transparency, the FASB tentatively approved crypto assets to be separately disclosed from other intangible assets.
Recent cryptocurrency exchange failures were not caused by technological issues, but by a lack of structure in corporate governance and internal controls.
U.S. banking regulatory agencies (including the Federal Reserve, FDIC & OCC) released their first-ever joint statement on crypto-asset risks to banking organizations.
Tim Savage, Partner, Blockchain and Digital Assets, sat with the Society of HR Professionals to discuss the growing presence of cryptocurrencies in the mainstream economy, including the idea of crypto payroll as a benefit for employees.
PodcastTune in for a discussion on the use of energy in bitcoin mining and how mining is happening on sustainable resources on this Weaver On-Chain episode.
Companies must now account for cryptocurrency assets using fair value, according to a decision made by the Financial Accounting Standards Board (FASB).
