MYCPE ONE

Understanding and Using Cryptocurrencies and Blockchain

The age of Digital Currencies: Making sense of bitcoin, cyrptocurrency and blockchain

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Conference Overview

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? You will get your all answer at this 8 CPE conference.

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 virtual conference, 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.

Completed

Continuing Education Credits

The sessions of the conference qualifies for

Qualification Credits Subject Area
CPA (US) 7.5 Finance
Accountant/Bookkeeper/Tax Professionals 7.5 All
CPA in Canada 7.5 All
CMA 7.5 All
CFA 7.5 All
CWS 7.5 All
CFIRS 7.5 All

Sessions

Sep 21st, 2021

Speakers:
Speaker Name
Irene Katzela

Chief Technology Officer (CTO)
The Miner Network

  • 4.0
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Speaker Name
James Helik

Consultant
Benefits and Pensions Monitor

  • 3.9
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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 order to understand how a digital currency became so widely popular, it’s first necessary to realize what that digital currency is. In very simple terms, cryptocurrencies decentralize currency, so that the government is not in control of your money. However, without the central entity, verifying payments and preventing double spending becomes a problem. A cryptocurrency is a means of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.

Now the question is, what is blockchain technology? Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like payments, cybersecurity and healthcare. Our conference will walk you through what it is, how it's used and its history.

Cryptography in digital world offers three core area that protect you and your data from an unauthorised use of your data and fraud. Cryptography allows people to carry over the confidence found in the physical world to the electronic world. It allows people to do business electronically without worries of deception.

One of the key contrasts is that blockchains aren’t on display in public, instead, anyone who wants to can store a copy of a blockchain on their computer. Blockchains use cryptography, computers and electricity to build the blocks, rather than stone and cement.

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

Learning Objectives

  • To discover an extremely short history of Digital Money: From Digital Fiat Currency to Cryptocurrencies and beyond.
  • To learn about the theory and principles by which blockchains work.
  • To explain about cryptographic building blocks (“primitives”) and reasons about their security.
  • To discover how blockchains and cryptographic blocks can be used to construct simple cryptocurrencies

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Irene Katzela

Chief Technology Officer (CTO)
The Miner Network

  • 4.0
  • rating
  • rating
  • rating
  • rating
  • rating
Speaker Name
James Helik

Consultant
Benefits and Pensions Monitor

  • 3.9
  • rating
  • rating
  • rating
  • rating
  • rating

Just the way we keep cash or cards in a physical wallet, bitcoins 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.

But how safe are any of these digital wallets? The answer to this depends on how the user manages the wallet. Every wallet contains a set of private keys without which the bitcoin owner cannot access the currency. The biggest danger in bitcoin security is the individual user perhaps losing the private key or having the private key stolen. Without the private key, the user will never see her bitcoins again. Besides losing the private key, a user can also lose her bitcoin by computer malfunctions (crashing a hard drive), by hacking, or by physically losing a computer where the digital wallet resides.

Getting cryptocurrency is one thing while storing it safely requires entirely different skills and knowledge. In this 1 CPE online Session, you will be able to learn different types of Fundamentals Blocks.

  1. Wallets: A cryptocurrency wallet is a software program designed to store your public and private keys, send and receive digital currencies, monitor their balance, and interact with various blockchains. You need to have a cryptocurrency wallet to manage your crypto assets and keep them secure.
  2. Exchanges: It refers to different types of services that allows to buy, trade and transact with cryptocurrencies.
  3. KYC and AML: It defines how Identity verification (KYC) and Anti-Money Laundering (AML) works in cryptocurrency environment.

In this live CPE session, you will able to learn practical use of how to setup a wallet in case of cryptocurrency and its transactions.

Major topics covered in this online CPE session:

Fundamental Blocks: Wallets, Exchanges, Security

  • Wallets: Different ways of storing cryptocurrency keys and secure them.
  • Exchanges: Different types of services that allows to buy, trade and transact with cryptocurrencies. 
  • KYC and AML: Identity verification (KYC) and Anti-Money Laundering (AML)

Live Demonstration: Put everything together.

  • Setup a wallet
  • Open an exchange account
  • Transact in cryptocurrencies
  • Redeem to fiat currencies.

Learning Objectives

  • To learn how cryptocurrency can be stores and used in real world
  • How to differentiate between fundamental blocks like Wallets, Exchanges and Security
  • How to setup a wallet and incur transactions in the wallet
  • How exchanges in fundamental blocks works?

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Irene Katzela

Chief Technology Officer (CTO)
The Miner Network

  • 4.0
  • rating
  • rating
  • rating
  • rating
  • rating
Speaker Name
James Helik

Consultant
Benefits and Pensions Monitor

  • 3.9
  • rating
  • rating
  • rating
  • rating
  • rating

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.

There are a variety of reasons for adding digital assets to a company’s balance sheet, whether it’s seeking asymmetric risk return observed over previous years or as a natural hedge against fluctuating fiat currencies; part of a corporate strategy to embrace modern, open technologies; or viewed as a complement to an operational strategy that includes accepting digital assets as payments.

There are no accounting rules dedicated to cryptocurrencies. Under current US GAAP and, usually under IFRS, intangible asset accounting is applied.  We use the reporting by MicroStrategy to illustrate why this does not provide the right information for investors and explain how you should include cryptocurrency assets in your analysis.

In this 1 CPE session, you will be able to discover whether cryptocurrencies can be considered as a cash substitute or an investment. Cryptocurrencies in your company’s pension plan will be beneficial or not? Forecasting with respected to cryptocurrency with technical analysis will be discussed.

Major topics covered in this online CPE session:

  • Impact of cryptocurrencies on balance sheet and as an investment
  • Role of crypto in portfolio creation
  • Are all cryptocurrencies alike from an investment perspective?

Learning Objectives

  • How to treat cryptocurrency on the face of financial statements
  • To discover future of cryptocurrencies
  • To decide risk and reward with respect to Cryptocurrencies

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

2:00 PM - 2:30 PM EDT

Break

Speakers:
Speaker Name
Irene Katzela

Chief Technology Officer (CTO)
The Miner Network

  • 4.0
  • rating
  • rating
  • rating
  • rating
  • rating
Speaker Name
James Helik

Consultant
Benefits and Pensions Monitor

  • 3.9
  • rating
  • rating
  • rating
  • rating
  • rating

In this 1 CPE session, you will able to learn about the Bitcoin, Ethereum and Altcoins.

Not only is Bitcoin the first cryptocurrency, but it’s also the best known of the more than 5,000 cryptocurrencies in existence today. Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks.

Ethereum is often referred to as the second most popular cryptocurrency, after Bitcoin. But unlike Bitcoin—and most other virtual currencies—Ethereum is intended to be much more than simply a medium of exchange or a store of value. Instead, Ethereum calls itself a decentralized computing network built on blockchain technology. Let’s unpack what that means. It’s distributed in the sense that everyone participating in the Ethereum network holds an identical copy of this ledger, letting them see all past transactions. It’s decentralized in that the network isn’t operated or managed by any centralized entity—instead, it’s managed by all of the distributed ledger holders.

In essence, altcoins are alternative cryptocurrencies to Bitcoin, a decentralized digital currency that could eventually replace fiat money, such as the dollar. Like Bitcoin, they use blockchain as a means of securing peer-to-peer transactions. How these altcoins use blockchain can differ greatly from Bitcoins, as different consensus mechanisms are used to validate transactions or create blocks.

Learning Objectives

  • To learn about Bitcoin and the Curse of the Double Spend Problem
  • How does bitcoins, altcoins and ethereum works?
  • To learn about the Bitcoin protocol’s fundamental components
  • To discover Similarities and Differences to Bitcoin
  • Learn about the Ethereum protocol’s fundamental components

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Irene Katzela

Chief Technology Officer (CTO)
The Miner Network

  • 4.0
  • rating
  • rating
  • rating
  • rating
  • rating
Speaker Name
James Helik

Consultant
Benefits and Pensions Monitor

  • 3.9
  • rating
  • rating
  • rating
  • rating
  • rating

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.

As banks recognize their customers’ growing interest in cryptocurrency, they are asking the vendors that provide their core banking software with the configuration of cryptocurrencies. By the next decade, they will also be dealing with cryptocurrencies and able to catch up the road.

Latest surveys suggest that Americans Lost $80 Million to Crypto Scams in 6 Months. It isn't only cryptocurrency prices that have skyrocketed recently -- cryptocurrency scams are on the rise as well. In some ways, the current environment is a perfect storm for fraudsters. If you invest in the stock market, you have a certain level of safety because companies and stockbrokers have to abide by strict regulations. In crypto, however, it can be hard to tell the difference between real companies and fake ones which makes you vulnerable to threats.

Learning Objectives

  • How banks are yet catching up with the new crypto world?
  • 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
  • To learn the importance of strict regulations in the practical world in the presence of cryptocurrency

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Irene Katzela

Chief Technology Officer (CTO)
The Miner Network

  • 4.0
  • rating
  • rating
  • rating
  • rating
  • rating
Speaker Name
James Helik

Consultant
Benefits and Pensions Monitor

  • 3.9
  • rating
  • rating
  • rating
  • rating
  • rating

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 session, 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

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Session Speakers

Irene Katzela - In-Depth CPE/CPD Courses at myCPE Join now!
Irene Katzela

Chief Technology Officer (CTO)
The Miner Network

Sep 21st, 2021

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James Helik - Expert in Finance CPE Webinars at myCPE
James Helik

Consultant
Benefits and Pensions Monitor

Sep 21st, 2021

View More

Reviews and Ratings

out of 5

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3 ratings

Excellent

Very Good

Average

Poor

JL

Jonathan Leung, Internal and external audit professionals
4 ratingratingratingratingrating

Good presentation with very detailed content. Some minor technical issues but both presenters were very knowledgeable

CC

Chad Cavanaugh, Owner
5 ratingratingratingratingrating

certainly the most comprehensive learning Ive taken on the subject to date. The module handouts are concise and I will retain for future reference which is something rare for a CPE . Thank you

MW

Margaret Wilson, Staff or Senior
3 ratingratingratingratingrating

The software is not user friendly - it doesn't always save the video where you left off and then you have to play it again. Everytime I take an on demand webinar something always goes wrong with the software. It doesn't remember where i left off or doesn't go to the evaluation stage or the certificate stage without some kind of problem. I like the course but I hate your software. Your live events are ok.

Frequently Asked Questions

Virtual conference with MYCPE ONE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

MYCPE ONE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

The MYCPE ONE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.


During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com