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The Future of Blockchains and Cryptocurrencies

  • Accountant
  • CPA (CA)
  • CMA
  • CPA (US)
  • CA - ICAEW
  • CFA
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: April, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Dex and Uniswap
    4 mins
  • automated market maker
    7 mins
  • Liquidity Pools
    10 mins
  • What is Oracles?
    16 mins
  • Blockchain and Interoperability
    24 mins

Course Description

In recent years, cryptocurrency—and in particular, Bitcoin—has demonstrated its value, now boasting 14 million Bitcoins in circulation. A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.

The most popular cryptocurrency, Bitcoin, has had volatile price moves this year, reaching nearly $65,000 in April before losing nearly half its value in May. In recent weeks, the price of bitcoin was back in the $45,000 range. On the other hand, you must be wondering, what is blockchain technology and how does it work?

Blockchain sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing.  A simple analogy for understanding blockchain technology is a Google Doc. When we create a document and share it with a group of people, the document is distributed instead of copied or transferred.

In this CPE webinar, James Helik and Irene Katzela will walk you through various aspects of Cryptocurrencies and blockchain technology. You will be able to discover how cryptocurrency can be stored and its practical usage in real world. The treatment of digital currencies on the face of the balance sheet will be explained. You will also be able to explore various currencies like Bitcoin, Ethereum and Altcoins.

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 are swirling around technology and its capacity to disrupt traditional financial systems. Blockchain is an emerging technology, so predictions are still mixed about its potential. 

In this online CPE Webinar course, you will able to gain knowledge about capabilities and limitation of blockchain technology and different aspects to it. Various environmental impacts will be considered for cryptocurrency mining. We will also be discussing the impact and changes that the quantum computing might bring in 5, 10 or 30 years.

Is bitcoin bad for the environment? Unlike most forms of currency issued by single entities (usually central banks), Bitcoin is based on a decentralized network. Its transactions are approved by different miners who simultaneously solve complex equations using specific hardware and plenty of energy. It delivers the promise of lower transaction fees than traditional online payment mechanisms – such as MoneyGram, TransferWise or Western Union – and, unlike government-issued currencies, it is operated by a decentralized authority thanks to the use of blockchain technology.

Learning Objectives

  • To learn why blockchain and cryptocurrency is a powerful technology, where the technology is going, and who is driving the innovation
  • How to use and protect blockchain and cryptocurrencies in a non-financial sector, and where does private/enterprise blockchain come into play
  • To learn 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

Recommended For

  • This online CPE webinar is recommended for CPAs, CMAs, CFA, CFIRS, CWS, and Other Accounting professionals who desire to help their clients with the updated knowledge on Cryptocurrency. 
  • This Online CPD webinar on Finance is recommended for CPAs in Canada who wants to help their clients in accounting of cryptocurrency transactions.

Who Should Attend?

  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Finance Pros
  • VP Finance
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPD Credit of Finance for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
  • 1 PL Credit for Chartered Financial Analyst (CFA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Irene Katzela

Chief Technology Officer, The Miner Network

Irene is a technically savvy, seasoned leader with broad-based experience in network architecture, and information technology strategy. Track record guiding global business strategy with established and emerging technologies to achieve maximum operational impacts with minimum resource expenditures. In addition, she has proven expertise in research/development, implementation and adoption of emerging networking technologies. 

For the last 6 years she has a keen interest in the Blockchain technology space, especially application of Blockchain technologies in different business verticals. Currently, she is the Chief Technology Officer at the Miner Network. 

Dr. Katzela holds a PhD, a Master of Philosophy, and a Master of Science from Columbia University, NYC, New York. 

The Miner Network

In these unprecedented times, people are looking for good things to do with their money, and also to do good with their money. This is Miner, a resource-based crypto token that does both by tokenizing the service of mining, while cleaning up the dirtiest business in the world.

To learn more about the Miner Network, https://theminernetwork.org

To learn more about the Miner Token, https://minertoken.io 


About Company

The Miner Network

theminernetwork.org/

The Miner Network is a not-for-profit association established to facilitate the tokenization of precious metals mining and assist in cleaning up the dirtiest business in the world: resource extraction.

MINER is a utility token that tokenizes the service of gold mining. We mine gold for you, on demand.

The Miner Network contracts with service providers to mine and refine gold, facilitate the digital storage and exchange of mining labor minutes in the form of MINER tokens, and deliver 24 karat gold bars, upon redemption, to Miner Network members. Each MINER token represents one minute of mining labor at an in-network gold mine. When a member redeems tokens, we mine, refine and deliver 24 karat gold bars directly to the member.

100 percent of profits from Miner are pledged to fund and support the Origin Trust Foundation (origintrust.org), a not-for-profit research institute whose intention is to help reframe, rethink and redesign our civilization’s ways, turning our species towards a conscientious, regenerative future.

Faq

FAQs content

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Ratings and Review

4.3

16 Ratings

Excellent

7

Very Good

7

Average

2

Poor

0

Terrible

0

GB

Gary Boardman, CISA, CIA, PMI-RMP

Apr 14th, 2022

interesting

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