Episode .
69

Ep.69 Let's Talk About Crypto Accounting

In this episode Electra our guest star from Electrafi talks about her long-term experience in crypto space, particularly in providing accounting practices for blockchain-based businesses.
Welcome to Web3 Weekly by Blockstars, your go-to source for all things Web3 and Blockchain, hosted by the Blockstars team. Our mission is to educate and guide you on your Web3 journey. So, join us as we explore the fascinating world of Web3 and Blockchain together.
Listen on

Welcome to Blockstars Web3 Weekly Podcast

We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.

We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.

Summary

Welcome to our latest podcast episode where we delve deep into the fascinating world of cryptocurrency and its implications on accounting and decentralization. Join us as we explore these complex topics with our expert guest, Electra from Electrafi. Settle in for an enlightening discussion on the future of finance in the digital age. In this episode of our podcast, the team delves into the volatile world of cryptocurrencies with Bitcoin in particular and the complexities of crypto accounting. The special guest of ours Electra founder of Electrafi is telling us about her rich experience in crypto world and especially in the accounting practices for blockchain-based businesses.

0:00 - Introduction
2:33 - Electra's Background in Crypto Accounting
5:00 - Impact of Bitcoin Halvening on Markets
7:20 - Exploring Decentralisation in Business
10:45 - The Role of Electrafi in Crypto Education
15:00 - Discussion on Crypto Regulations
20:00 - Future Trends in Crypto and Decentralisation
25:30 - Q&A with Electra
30:00 - Conclusion

Key Topics

Bitcoin Halvening Impact: The most recent halving of Bitcoin has led to price volatility and increased market vigilance.

Crypto Accounting Challenges: Electra elaborates on the ambiguities and intricacies of cryptocurrency accounting, pointing to the absence of clear regulatory guidelines and the creative solutions her company provides.

Role of Technology in Accounting: The episode also touches on how technological innovations, particularly blockchain, are changing the old practices of accounting.

Bitcoin and its market consequence.

Crypto Accounting and regulatory issues.

Financial system decentralisation

Technological influences on accounting practices.

Thought-Provoking Questions

How can traditional financial systems integrate decentralised financial models without sacrificing the security and regulatory compliance?

What accounting method should I use for crypto?

How to do crypto bookkeeping?

Do you need an accountant for crypto?

How to record crypto in accounting?

How do you declare crypto as income?

What is crypto accounting software?

What are the possible threats and benefits of incorporation of blockchain technology into common accounting procedures?

With the increasing popularity of cryptos, what will be the impact of its adoption on the worldwide economic policies and financial regulations?

This part gives an in depth view on the combination of cryptocurrency, accounting, and technology, with information that is attractive for both crypto fans and finance specialists. Whether you're a crypto enthusiast or a business professional, this discussion will deepen your understanding of these critical topics in today's digital economy.

Blockstars Technology is a blockchain development company with over 70+ people based in Australia Gold Coast

Blockstars can help you develop your Blockchain/AI project from idea to going live no matter what stage you’re in! With a team of experts in many different blockchains and a commitment to providing nothing but top quality services, Blockstars is your one stop shop for those seeking to launch a successful Web3, blockchain or AI projects.

Hope you guys Enjoy this light hearted episode! Tell us what else you would like us to cover on Blockstars Web3 Weekly.

Make sure to go check out our website for more info! https://blockstars.com.au

Also you can Tweet us on at X @blockstars_tech

Or drop us an email at: hello@blockstars.com.au