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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...

Treasury recommends exploring creation of a digital dollar 

WASHINGTON (AP) – The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying...
A FEW RHODE ISLAND-BASED nonprofits have either begun, or are beginning to, accept cryptocurrency as a donation option. / AP FILE/KIN CHEUNG

Should nonprofits actively seek cryptocurrency donations?

Always in search of new donation sources, Rhode Island nonprofits are beginning to dip their toes into cryptocurrency. Providence Business News recently reported that The...
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: Daniel Polotsky

Daniel Polotsky is founder and chairman of CoinFlip, a Chicago-based financial services provider focused on cryptocurrency that recently announced plans to expand its over-the-counter...

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...

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

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...
SCREENSHOT: Digital artist Anne Spalter displays one of her works, “The Wonder of It All.” The non-fungible token of the art was up for auction at Sotheby’s in April. / 
PBN PHOTO/­MICHAEL SALERNO

Where are NFTs headed in the business world?

As the founder of the first digital fine arts course at Brown University and Rhode Island School of Design in the early 1990s, Anne...

Citizens to process cryptocurrency transactions under new partnership

PROVIDENCE – Citizens Financial Group Inc. has teamed up with global fintech firm FIS to let customers of cryptocurrency companies use their bank cards...
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