Crypto Accounting

A popular internet meme: On November 12, 2021, Odell Beckham, Jr. signed a deal with the Los Angeles Rams for $750,000, which he accepted in bitcoin (BTC). Continue Reading →
Back in June '21, I wrote, "I’ve just become aware of the best example of everything that is bad (and hopefully temporary) about crypto-insanity. If you are wondering about the hype, this article from Coindesk is very instructive." Continue Reading →

Crypto Lobbying is Booming

According to Bloomberg, "In the first three quarters of 2021, about a third of contributions to Wyoming Republican Cynthia Lummis’s campaign committee came from crypto executives or investors." Continue Reading →
Is Norton Antivirus "sneakily" installing crypto mining software on your computer and skimming a commission? Yes… and no. If you install Norton Antivirus, you will see a file called NCrypt.exe, which is Norton's crypto mining software. So, yes, installing Norton Antivirus will install Norton's crypto mining software, but… it will not function in any way without your explicit permission, and only if you have the correct hardware configuration to mine crypto. Continue Reading →

An NFT for the Holidays

Vodafone has turned the first text message into a non-fungible token (NFT), which sold at a Paris auction house this week for €132,680 ($150,000) worth of ether (ETH). The company will donate the proceeds to the United Nations Refugee Agency to support forcibly displaced people. Continue Reading →
Taking a giant step toward a safer crypto world, Coinbase announced that, starting with Ledger, it will begin to support hardware wallets. Sometimes called "cold wallets," experts agree that hardware wallets are the preferred way to store cryptocurrency and other blockchain-based digital assets. Continue Reading →
As most of you know, my MetaMask crypto wallet was hacked on Sunday morning and drained of $400 worth of ETH. In the chronicle, which you can read here, I logged how quickly dozens of bots responded to my social media pleas for help. The content (from obvious bots or hackers with good social listening tools) generally pointed me to Instagram accounts or linked me to people who could "help me" get my crypto back. This was all obvious nonsense. Continue Reading →