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A Dive into Solana DeFi Accounting Abstract This article explores how to track user activity on Solana’s MarginFi protocol – specifically, how to identify value deposited into and withdrawn from MarginFi vaults when user-controlled wallets no longer directly hold those assets. While most systems attempt to follow token balances, NODE40 captures financial intent and economic […]

Making Crypto Activity Defensible In the early days of crypto accounting, a simple spreadsheet might have been enough. But as digital asset activity becomes more complex and regulatory scrutiny increases, raw exports no longer meet the mark. Today, CFOs, controllers, and auditors need more than a ledger—they need a narrative. The Problem with Building In-House […]

The world of crypto investing is entering a new era. Over the past several months, global asset managers have been stampeding to file for spot Solana ETFs. What’s different this time isn’t just the desire to hold SOL as an asset, it’s that many of these proposed ETFs are looking to stake their Solana holdings […]

Abstract On Solana, a stake account is not merely a balance‐holding public key. Each stake account delegates distinct rights to two different authorities, a stake authority and a withdraw authority, allowing separate entities to manage delegation and withdrawals. While this dual‑authority model is powerful for delegation and custody workflows, it shatters the notion that one […]

Introduction As the blockchain ecosystem matures, companies developing financial products on Solana and emerging Solana Virtual Machine (SVM) blockchains, such as the new FOGO chain, face increasingly complex challenges. These challenges are not just technical but also regulatory, as recent U.S. Treasury and IRS regulations place higher demands on digital asset reporting and compliance. Solana’s […]

In A Treatise of Human Nature, the philosopher David Hume discusses the problem of the correlation between is and ought. The premise is that you should not make a determination about what ought to be based on what is. Hume is not an easy read, and the is/ought dichotomy focuses on ethical theory, but what […]

NODE40, the software company behind NODE40 Balance, an essential platform for individuals, accountants, and auditors has joined the Wall Street Blockchain Alliance (WSBA). Its addition to the growing family of WSBA corporate members reinforces NODE40’s commitment to advocacy of transparency and compliance in the cryptocurrency and blockchain space. “We’ve followed the Alliance for several years […]

The next filing deadline is right around the corner. If you have cryptocurrency trading activity to include on your tax return, preparing as early as possible is a very sensible approach. While not an impossible task given the proper tools, organizing and understanding your crypto tax liabilities does require some thought. The level of complexity […]