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A TAXING MATTER: Katie McIntosh, partner at Warwick-based DiSanto, Priest & Co., says many people dealing in cryptocurrency need a better understanding of the tax implications, or it could prove to be costly. 
PBN PHOTO/­MICHAEL SALERNO

Crypto tax implications are often a costly surprise

Rhode Islanders who own cryptocurrency may be sitting on a tax surprise waiting to surface. That’s because the IRS treats digital assets not as cash...
STAYING RELEVANT: Greenwood Credit Union CEO and President Frederick Reinhardt says credit unions need to adapt to how younger people prefer to bank, as many don’t use ATMs, barely use cash and don’t want to swipe a card, preferring to pay with their phone or a tap.
PBN PHOTO/ELIZABETH GRAHAM

Gen Z banks differently; can credit unions keep up?

Gen Z is poised to become the most powerful force in consumer finance in the coming years, but credit unions risk missing out if...

SEC filing of the week: Ocean Biomedical faces loss of licensing...

PROVIDENCE – Ocean Biomedical Inc. is facing the termination of licensing agreements for technologies developed at Brown University and Rhode Island Hospital.  In its filing...
OCEAN BIOMEDICAL Inc. is expanding into the energy and digital-asset sectors while announcing it has been delisted on the Nasdaq exchange and a founding member has resigned from its board of directors, according to its filing with the U.S. Securities and Exchange Commission on April 22.

SEC filing of the week: Ocean Biomedical expands into energy, digital...

PROVIDENCE – Ocean Biomedical Inc. is expanding into the energy and digital-asset sectors while announcing it has been delisted on the Nasdaq Stock Market...
ADVISING CAUTION: Sen. Louis P. DiPalma, D-Middletown, says the state shouldn’t jump into buying crypto-related investments for public pension funds and treasuries even though other states are becoming more open to it. 
COURTESY CAPITOL TV

States could see a crypto policy blitz in 2025; will R.I....

If the R.I. State Investment Commission, which manages the state’s $11 billion public retirement system, had a crystal ball in 2019, it could have...

Stocks and bitcoin jump after Trump’s victory. So do worries about...

NEW YORK (AP) – The U.S. stock market, Elon Musk's Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what...
OPPORTUNITY AHEAD? Boyd E. Foster Jr., partner at Feeney, Foster & Cavanagh CPAs LLC, says recommendations by the Federal Accounting Standards Board that would ease tracking the value of cryptocurrency held by businesses may allow his firm to take on corporate clients that have those assets. 
PBN PHOTO/MICHAEL SALERNO

The end of the cryptocurrency ‘nightmare’ on ledgers?

As cryptocurrency investors rode the digital currency rollercoaster over the last several years, Claire M. Iacobucci was right alongside them. As partner and director of...
A FEW RHODE ISLAND-BASED nonprofits have either begun, or are beginning to, accept cryptocurrency as a donation option. / AP FILE/KIN CHEUNG

Some R.I. nonprofits beginning to accept cryptocurrency donations

PROVIDENCE – Fundraising is a significant element to a nonprofit’s operations in order for the organizations to serve their respective communities. While organizations regularly...
CRYPTO ­CONCERNS: Leigh E. Furtado, attorney and senior associate at the law firm Day Pitney LLP, says she’s finding more clients inquiring about protecting their crypto­currency during estate planning. / PBN PHOTO/MICHAEL SALERNO

Crypto can complicate trust, estate planning

“HODL,” an abbreviation for “hold on for dear life,” has become a motto for a class of cryptocurrency enthusiasts who aren’t interested in selling. But...

Five Questions With: Jamie Worrell

Jamie Worrell is co-founder of Strategic Retirement Partners and managing director of its Northeast office, where he and his team provide investment advice and...
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