Description

Since the emergence of Bitcoin in 2009, the world of cryptocurrency has advanced leaps and bounds worldwide. What began as an unproven concept is now considered by many as the future of currency. But how did we get this far, and what’s happening next in cryptocurrency? Let’s look at some of the currency’s defining moments and what that means for the future. In this online CPE webinar, we will understand how digital currency has become so widely popular that it’s first necessary to realize what it is. In this online CPE webinar, we will explore the concepts of cryptocurrency and blockchain technology and their history and construction. 

Just as we keep cash or cards in a physical wallet, Bitcoin can also be stored in a wallet, i.e., a digital wallet. The digital wallet can be hardware-based or web-based. The wallet can also reside on a mobile device or computer desktop or be kept safe by printing the private keys and addresses used for access on paper. In this online CPE webinar, we will explore the fundamental concept. This CPE webinar will help you learn the practical use of setting up a wallet for cryptocurrency and its transactions.

As more companies consider investing in digital assets, leaders have much to think about the nature of these instruments, the risks, and the benefits involved. In 2020, more operating companies began allocating cash to digital assets and Cryptocurrencies. This is a new dynamic and a departure from more conventional investing by funds and others in this space. In this online CPE/CE webinar, we will also explore the accounting rules related to cryptocurrency. This covers current US GAAP and IFRS intangible assets. The CPE webinar will also discover if Cryptocurrencies can be considered as a cash substitute or an investment, how this will impact your company’s pension plan, and forecasting concerning cryptocurrency with technical analysis. 

Not only is Bitcoin the first cryptocurrency, but it’s also the best-known of the more than 5,000 Cryptocurrencies today. In this CPE webinar, we will explore Ethereum, the second most popular cryptocurrency, and Altcoins, an alternative Cryptocurrency to Bitcoin. 

The crypto world is changing quickly, and regulations are coming from many areas. Their growing prevalence raises challenges for regulators who are faced with questions about financial stability and preventing money laundering and the funding of terrorism. To combat these crypto-crimes, regulators must work alongside technology experts and be forward-thinking in designing laws that are fit for purpose.

Cryptocurrency has become a global sensation in recent years, although a lot is still to be understood about this maturing technology. Many questions and concerns surround technology and its capacity to disrupt traditional financial systems. Blockchain is an emerging technology, so predictions about its potential are still mixed. In this online CPE session, we will explore the impact and changes that quantum computing might bring in 5, 10, or 30 years. 

Learning Objectives

• To disa concise short history of Digital Money: From Digital Fiat Currency to Cryptocurrencies and beyond.
• To explore the theory and principles by which blockchain works.
• Identify cryptographic building blocks (“primitives”) and security reasons.
• To discover how blockchain and cryptographic blocks can be used to construct simple Cryptocurrencies
• To recognize how cryptocurrency can be stored and used in real world
• To differentiate between fundamental blocks like Wallets, Exchanges, and Security
• To set a wallet and incur transactions in the wallet and identify how exchanges in fundamental blocks work
• To explore how to treat cryptocurrency on the face of financial statements
• To discover the future of Cryptocurrencies 
• To decide risk and reward concerning Cryptocurrencies
• To learn about Bitcoin and the Curse of the Double Spend Problem
• To explore how Bitcoin, altcoins, and Ethereum work and what are their protocol’s fundamental components
• To discover frauds /scams and the current environment in the era of the crypto world
• To identify the role of central banks in the marketplace and how banks are yet catching up with the new crypto world
• To explore the importance of strict regulations in the practical world in the presence of cryptocurrency
• To identify why blockchain and cryptocurrency is a powerful technology, where the technology is going, and who is driving the innovation
• To explore how to use and protect blockchain and Cryptocurrencies in a non-financial sector and where private/enterprise blockchain comes into play
• To identify what is the environmental impact of cryptocurrency mining
• To explain the capabilities and limitations of blockchain technology
• To discuss the effect of quantum computing in the next few decades