Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem

Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals' ProblemIn 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is often referred to as the “principal book,” and entries can be recorded in stone, parchment, wood, metal, and […]

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How to Create and Send Cryptocurrency Invoices

How to Create and Send Cryptocurrency InvoicesFor many companies, entrepreneurs and freelancers working in the crypto industry, accounting is an essential part of their day-to-day business activities. A number of platforms now offer services tailored to meet those needs including features such as cryptocurrency invoicing. Also read: New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia Accepting Coins […]

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Japanese Firms Jointly Launch Corporate Crypto Accounting Tool

Cryptolinc Co. Ltd, which develops and provides cryptocurrency management and calculation systems, and Miroku Information Service Co. Ltd, a financial and accounting system management and information service, have jointly created a crypto corporate accounting tool for corporate cryptocurrency accounting. Also Read: Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax Cryptolinc […]

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Lithuania Unveils Comprehensive Cryptocurrency and ICO Guidelines

Lithuania Unveils Comprehensive Cryptocurrency and ICO GuidelinesLithuania’s Ministry of Finance has published comprehensive guidelines for cryptocurrency and initial coin offerings, covering four areas including regulations, accounting, and taxation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry of Finance’s Guidelines The Ministry of Finance of the Republic of Lithuania has published guidelines for cryptocurrency and initial coin offerings (ICOs). They […]

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Belarus Adopts Crypto Accounting Standard

Belarus Adopts Crypto Accounting StandardDays before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential decree regulating the crypto sector comes into force on March 28. Also read: […]

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