Limited Period Access to myCPE Prime Unlimited CPE Access starting at $199. Subscribe Now

Understanding and Using Cryptocurrencies and Blockchain

  • Accountant
  • CPA/ABV
  • CPA (CA)
  • CGFM
  • CPA/CITP
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • CFA
  • ChFC
  • ACCA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CET
  • CIPM
  • CBA/MCBA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2021

You need to register for the webinar to watch the video.

Click Here to Register

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is money
    20 mins
  • Centralized vs decentralized paradigms
    35 mins
  • Blockchain introduction
    58 mins
  • Cryptographic hash functions
    85 mins
  • Transaction inputs and outputs
    110 mins
  • Most common consensus models
    136 mins
  • Select a cryptocurrency exchange
    196 mins
  • Bitcoin transaction fees
    238 mins
  • The future of blockchain and cryptocurrencies
    304 mins

Course Description

Since the emergence of Bitcoin in 2009, the world of cryptocurrency has advanced leaps and bounds throughout the world. 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 the world of cryptocurrency? Let’s take a 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 a digital currency became so widely popular, it’s first necessary to realize what that digital currency is. In this online CPE webinar we will explore concepts of Cryptocurrencies, blockchain technology, their history, and construction. 

Just the way 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, on a computer desktop, or 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 in learning practical use of how to setup a wallet in case of cryptocurrency and its transactions.

As more companies consider investing in digital assets, leaders have much to consider 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 Cryptocurrencies. This covers current US GAAP and, IFRS intangible asset. The CPE webinar will also discover if Cryptocurrencies can be considered as a cash substitute or an investment; how this will impact in your company’s pension plan; and forecasting with respected to 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 in existence today. In this CPE webinar we will explore about Ethereum - the second most popular cryptocurrency; and Altcoins - alternative Cryptocurrencies to Bitcoin as well. 

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 around financial stability and preventing money laundering and the funding of terrorism. To combat these crypto-crimes, regulators need to work alongside technology experts be forward-thinking to design 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 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. We will explore the impact and changes that the quantum computing might bring in 5, 10 or 30 years in this online CPE session. 

Major topics covered in this online CPE session:

  • History of digital currency
  • What is cryptocurrency?
  • Fundamentals of Blockchain Technology
  • The importance of Cryptography
  • Construction of Cryptocurrencies
  • Setup a wallet
  • Open an exchange account
  • Transact in Cryptocurrencies
  • Redeem to fiat currencies.
  • Impact of Cryptocurrencies on balance sheet and as an investment
  • Role of crypto in portfolio creation
  • Are all Cryptocurrencies alike from an investment perspective?
  • Bitcoin, Ethereum, and Altcoins

Learning Objectives

  • To discover an extremely short history of Digital Money: From Digital Fiat Currency to Cryptocurrencies and beyond.
  • To explore the theory and principles by which blockchain work.
  • To identify cryptographic building blocks (“primitives”) and reasons about their security.
  • To discover how blockchain and cryptographic blocks can be used to construct simple Cryptocurrencies
  • To recognize how cryptocurrency can be stores and used in real world
  • To differentiate between fundamental blocks like Wallets, Exchanges and Security
  • To setup a wallet and incur transactions in the wallet and identify how exchanges in fundamental blocks works
  • To explore how to treat cryptocurrency on the face of financial statements
  • To discover future of Cryptocurrencies 
  • To decide risk and reward with respect to Cryptocurrencies
  • To learn about Bitcoin and the Curse of the Double Spend Problem
  • To explore how Bitcoin, altcoins and Ethereum works 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 does private/enterprise blockchain come 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 decade

Recommended For

  • This online CPE webinar is recommended for Accounting and Finance Professionals looking for more information on how blockchain technology will impact the profession.
  • This online CPE webinar is recommended for CPAs, CMAs, and Other Finance Professionals that serve or advise clients and would like to understand the impact of blockchain technology and cryptocurrency technology.
  • This online CPE webinar will be insightful for Managers, CFOs, Controllers, and decision-makers looking to understand the benefits and its future of blockchain and make informed business decisions.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Pros
  • Senior Accountant
  • Staff of Accounting Firm
  • VP Finance
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 8 CPD Credit of Finance for Chartered Professional Accountant (CPA Canada)
  • 8 PL Credit of Finance for Chartered Financial Analyst (CFA)
  • 8 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 8 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 8 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
  • 8 CPD Credit of Cybersecurity for Certified Information Technology Professionals (CITP)
  • 8 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 8 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 8 CE Credit for Certified Wealth Strategist (CWS)
  • 8 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 8 CPD Credit for CA - ICAEW
  • 8 CPD Credit for Chartered Certified Accountants (ACCA)
  • 8 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 8 CPD Credit for Chartered Accountants - Scotland
  • 8 CPD Credit for CPA - Ireland
  • 8 CPE Credit for Certified In Emerging Technology (CET).
  • 8 CPD Credit of Finance for Accredited in Business Valuation (ABV)
  • 8 CPE Credit of Finance for Certified Government Financial Manager (CGFM)
  • 8 CPE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
  • 8 CPE Credit of Financial Planning for Financial Services Certified Professional (FSCP)
  • 8 CPE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
  • 8 CPE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
  • 8 CPE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
  • 8 CPE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
  • 8 PL Credit of Finance for Certificate In Investment Performance Measurement (CIPM)
  • 8 CRE Credit of General finance principles and financial concepts for Certified Corporate FP&A Professional (FPAC)

Additional details

  • Course Level :
    Basic
  • Credits :
    8
  • 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.

About Presenter

James Helik

Consultant, The Miner Network

Jim Helik is a contributing editor at Benefits and Pensions Monitor, a magazine for pension plans and institutional investors, a position he has held for over 25 years. Previously he was the first full-time editor of a quarterly, peer-reviewed journal covering financial and economic markets, and the associated demographics and public policy issues for institutional investors across North America. He was also the founding editor of International Derivatives magazine. He has written, edited, and delivered via distance education, test banks, instructor notes, case studies and other teaching materials for the Canadian Securities Institute on a full range of topics such as portfolio management, private equity, financial planning, derivatives, technical analysis and investment management techniques. He currently teaches at Yorkville University in Toronto, Canada.

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

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

22 Ratings

Excellent

11

Very Good

10

Average

1

Poor

0

Terrible

0

MK

Michael Kurek, CFE, CPA (US)

Dec 28th, 2021

I came in knowing only the basics of blockchains and this webinar introduced me to so many more topics and definitions.

JL

Jason Lapierre, CPA (US)

Nov 16th, 2021

N/A

cookies_image

We use cookies to make your experience on this website better