bitcoin - Providence Business News

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?

Financial Services 11/11/2022

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

Economic Activity 09/05/2022

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

Financial Services 05/27/2022

“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

Financial Services 05/13/2022

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...

Fidelity to offer bitcoin as part of 401(k) plans

Financial Services 05/02/2022

PROVIDENCE – Fidelity Investments Inc. will soon offer bitcoin as an investment option on its workplace 401(k) plans, the company announced on April 26. The...

MODERATION: Ronald W. Kent Jr., president of Spinnaker Asset Management, recommends that less than 2% of a retail investor’s portfolio should go to cryptocurrency. / PBN PHOTO/ MICHAEL SALERNO

Cryptocurrency taking investors on wild ride

Economic Activity 01/22/2021

As a private-capital investor who also manages his own personal portfolio, David Homonoff has always watched the market with close attention. When he saw the...

Fidelity Digital Assets adds cryptocurrency to platform

Financial Services 01/04/2021

PROVIDENCE – Fidelity Digital Assets has teamed up with a cryptocurrency lending platform to let customers pledge bitcoin as collateral, the company announced in...

Cryptocurrency tax rules

Advice 08/16/2019

When it comes to a return on an investment, very few have provided a greater return in 2019 than the cryptocurrency Bitcoin. This highly...

GA passes bill to streamline regulations for blockchain financial applications

Financial Services 07/08/2019

PROVIDENCE – The General Assembly has recently approved legislation that would clarify and streamline regulations for financial transactions using blockchain technology. The bill had not...