Month: July 2017

Move Over Gold – Bitcoin Is Growing

Cryptocurrencies have taken the investing market by storm over the past couple of years, with it’s latest explosive growth hinting at a bright future…

“Fundstrat’s Tom Lee says bitcoin could be a true substitute for gold and cannibalize some of the $7.5 trillion market. Lee  estimates the cryptocurrency could be worth $20,300 by 2022. This estimate is based largely on the assumption that bitcoin can increase its share of the “alternative currency” market, which is mostly gold, from 0.7% to 5%…” [ Read more here ]

cryptocurrency regulation - sterling accounting

Digital Currencies In The Scope Of Financial Accounting Standards Board

cryptocurrency regulation - sterling accounting Digital and crypto-currencies have exploded as a go to currency on the web, with their share prices typically skyrocketing shortly after inception. The market has been largely unregulated, but that may change with the Financial Accounting Standards Board (FASB) taking aim at the issue.

“According to Reuters, the FASB – which sets accounting standards for publicly traded US firms – hasn’t yet decided if it will develop new guidelines for companies dealing with bitcoin and other cryptocurrencies. However, the non-profit is apparently assessing whether it should begin that process following a request from the Washington, DC-based Chamber of Digital Commerce…” [ Read more here ]

"no deal" brexit

What Would A “No Deal” Brexit Mean For Businesses?

"no deal" brexit Worry is still ringing in with Brexit dealing still on the table. But a number of individuals are citing their concerns if the negotiations end in a “no deal” outcome…

“The BCC surveyed 2,400 firms around the UK about their expectations and hopes for Britain’s exit from the EU with only 2% saying that leaving the bloc without a trade deal and reverting to World Trade Organisation rules is a feasible and beneficial outcome for the country…” [ Read more here ]

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