An announcement from USDT issuer Tether Holdings Limited revealed information from an independent attestation about the company’s previous quarter’s performance. The reviewer, top accounting firm BDO Italia, assessed Tether’s assets as of June 30, 2022. Tether had previously announced a commitment to decreasing its commercial paper holdings by the end of August 2022. Data from the…
Profits, debt and assets are the building blocks of any public company’s financial statements. For disclosure purposes, the companies break these three elements down into more precise numbers that investors can review. Investors can calculate valuation ratios from these to help compare companies. Of these, book value and price-to-book ratio (P/B ratio) are must-haves for…
What is face value? Par value is a financial term used to describe the nominal or dollar value of a security, as quoted by its issuer. For shares, the par value is the original cost of the share, as shown on the certificate. For bonds, this is the amount paid to the holder at maturity,…
The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected…
What is a property manager? A property manager is a person or company who is hired to oversee the day-to-day operations of a real estate unit. Property owners and investors typically hire property managers when they are unwilling or unable to manage properties themselves. The cost of hiring a property manager is often deductible from…
CNBC shark tank brought entrepreneurs and their pitches to the airwaves, creating great television. Watching the show, it’s obvious that not everyone is cut out for the business world. It takes a lot of patience, time and of course money. But to succeed, you also need a great idea and knowing how to pitch it…
New Zealand’s Financial Markets Authority (FMA) has added three more crypto platforms to its blacklist that warns about scams, a release by the FMA reveals Wednesday, Dec. 12. OneLife Network Limited and its associated entity OneCoin Limited were added to the list because they “bear the characteristics of a scam” and promise unrealistic returns. Moreover,…
If you’re looking forward to a tax refund this year, your tax preparer can give you the option of receiving it in the form of a prepaid debit card. While this may seem very convenient, there are a few downsides to consider. This article explores the pros and cons of tax refund prepaid debit cards….
Current Assets vs Fixed Assets: An Overview Businesses own a variety of assets that are used for different purposes. These assets also have different periods in which they are held by a company. Companies classify the assets they own and two of the main categories of assets are current assets and fixed assets; both are…