NODE40 blog. Stay one step ahead.

Real-world asset tokenization has moved from conference slides to production systems. Treasuries, real estate, private credit, and commodities now trade as tokens on blockchain rails. For accounting and finance teams, this creates a new category of complexity—familiar assets with unfamiliar wrappers. The accounting questions are not theoretical anymore. When a company holds tokenized treasury bills, […]

Blockchains all solve the same high‑level problem: how to reach consensus over a constantly changing state. But anyone who has spent real time inside the data knows that this surface‑level similarity hides an enormous amount of intentional diversity. The how and what of that state, especially as it relates to financial activity, is where the […]

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 […]

Swapping, zapping, farming. Smart contracts, NFTs, wormholes. Welcome to the world of cryptocurrency accounting. Not only is the vocabulary often foreign, but the underlying technology is evolving so rapidly that it can take time to remain informed.  If your clients engage with cryptocurrency, you need to support them or risk losing business. If you don’t […]

The report discusses the current state of the blockchain economy and provides a primer on key blockchain technologies and use cases. “Interest in cryptocurrencies has never been higher.” – FT Partners report: The Blockchain Economy, April 2022 FT Partners, a leading investment banking firm focused exclusively on the financial technology sector recently included NODE40 in […]

You made it! Another tax year in the bag — or at least deferred until October. Now you can take the time to think about strategy.  Tax strategy and tax liability are two sides of the same coin. An effective tax strategy can mitigate one’s tax liability. With cryptocurrencies, the difficulty lies in understanding the […]

The IRS is about to make an example out of cryptocurrency tax avoiders – don’t let it be you. This year, the IRS will ask you if you had cryptocurrency in 2019 and it’s going to make a lot of people nervous. Until now, those choosing to report taxes on crypto were somewhat shielded from […]

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 […]

NODE40, a leader in cryptocurrency tax calculation, announced today its SMART algorithm (Simple Multi-Account Reconciliation Technology), designed to track and match the cost basis of cryptocurrency transactions is now patent pending with the US Patent and Trademark Office. “The IRS recognizes that a lot of taxpayers have trouble explaining cryptocurrency transactions on their taxes and […]