NFT is shorthand for non-fungible token, a digital asset that contains unique data or metadata that can make it more or less valuable. NFTs are similar to baseball cards in that not all baseball cards are worth the same amount even though they appear similar. Their value varies depending on who...
Read MoreCryptocurrency mining refers to the process of participating in a consensus mechanism that includes Proof of Work components. Generally, this is done to collect mining rewards from the network. In other words, cryptocurrency mining is the process of contributing computing power to the network in...
Read MoreWe asked if “stablecoins are in the crosshairs for federal regulation” after the release of President Biden’s Working Group on Financial Markets report last month. And discussions over the last two weeks are painting a clearer picture of the legislative priorities within Washington, as stablecoins...
Read MoreStablecoins have been in the sights of various regulatory bodies repeatedly over the past year, including the SEC, CFTC, Federal Reserve and others. Last week President Biden’s Working Group on Financial Markets (PWG) released a report on stablecoins. Stablecoins are a type of digital asset...
Read MoreIn the final installment of our cyber safety series, learn why cybersecurity risks are the biggest threat to your organization today. There is no shortage of risks when it comes to managing your organization — regulatory, macro and micro economic, and any number of competitive risk factors...
Read MoreIn this installment of our cyber safety series, learn how implementing a secure software development process can minimize your risk for software breaches. Exploiting software vulnerabilities is one of the most common causes of cybersecurity breaches. These vulnerabilities are flaws in application...
Read MoreIn this installment of our cyber safety series, learn why securing a cyber liability insurance policy can be critical to your overall cybersecurity program. Cyber liability insurance. What is it, and is it really necessary? Cyber liability insurance is a policy that helps cover costs associated...
Read MoreIn this first installment of our cyber safety series, we offer insights into the initial steps you can take to better protect your company from cyber attacks. Today’s cyber environment can be extremely intimidating. There are a variety of fraud attacks to watch out for, and the increasing number...
Read MoreThe American Institute of CPAs (AICPA) has updated its guide, “Accounting for and Auditing of Digital Assets,” which provides critical information on how to account for and audit digital assets. The nonauthoritative guidance in the 2020 update focuses on investment company/fund vehicles....
Read MoreThe U.S. Health and Human Services Department has already suffered a cyber-attack on its computer systems. Businesses should expect cybercrime to increase over the next several months. As the COVID-19 outbreak is redirecting IT resources and manpower to support remote workers, there is increased...
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