Seminars/Training

We’ll Be Speaking at BlockChainJam 2019 @Tokyo University

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Blockchainjam2019

BlockChainJam 2019 We’ll be speaking at the upcoming BlockChainJam 2019 conference. The event, whose theme is centered around the future of blockchains, will take place on November 17, 2019, at Tokyo University. We’ll be talking about the hot crypto/blockchain topics of 2019 from an Accounting and Finance angle. Please come and join the fun! If you are interested in coming to the event just let me know! About the BlockChainJam […]

Cryptocurrencies

Using Sharpe Ratio – A Better Tool to Evaluate Your Investment

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Sharpe Ratio of Bitcoin

Is your investment generating sufficient returns in relation to the risk that you’re taking? The Sharpe Ratio will tell you the answer The Shape Ratio is a measure that is widely used in finance to evaluate the performance of a fund or an investment. The reason the Sharpe Ratio is used instead of a simple return on investment is because the Sharpe Ratio will evaluate the performance of an investment, […]

Cryptocurrencies

Modeling Bitcoin Price, an Introduction to the Stock to Flow Model

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Stock to Flow Model

A Bitcoin Pricing Model is getting the industry’s attention In traditional finance and accounting, many valuation methods and models are used to calculate the fair value of various assets. The DCF (Discounted Cash Flow) and CAPM (Capital Asset Pricing Model) are some examples that are used to value a business or equity. These models are used by estimating future cash flows and discounting that to their current values. At the […]

Seminars/Training

We’re Having a Crypto Roundtable on October 16!

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191016CryptoRoundTable

We are having a Crypto Roundtable on October 16 (Wed)! Come and join the discussion! The roundtable will be held at our office near Tokyo Station, starting at 7:30 PM We’ll be covering the basics of setting up a crypto wallet and creating a proper backup. Then we’ll have fun sending each other crypto using the wallet that we just installed.  I’ll try to break down the basics of how […]

Cryptocurrencies

JVCEA (Japan Virtual Currency Exchange Association) Releases Statistics on Japanese Crypto Exchanges for the First Half of 2019

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JVCEA stats

JVCEA (Japan Virtual Currency Exchange Association) Releases Statistics on Japanese Exchanges We updated our visualization of customer crypto balances at Japanese Exchanges to reflect data that was released by the JVCEA on September 10, 2019 The stats released by the JVCEA is a compilation of December 2018 – July 2019 transaction data provided by the members of the association. bitcoin surpasses XRP as the most held coin Japan Looking at […]

Cryptocurrencies

2019 Corporate Tax Reform – Impact on Cryptocurrencies

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Tax reform 2019

Taxation on Crypto Unrealized Gains (Losses) for Entities With the 2019 Corporate Tax Reform now in effect, unrealized gains (and losses) from cryptocurrencies held by entities will be subject to taxation. The impact of this change is significant for entities that hold crypto (exchanges, funds, etc.). I have summarized the effects below. Mark-to-market of crypto held by entities at the end of the fiscal year Crypto with active markets: Mark-to-market […]

Cryptocurrencies

June 5 Crypto Roundtable

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CryptoRoundtable

Tokyo/Otemachi Crypto Roundtable Recap We discussed the history of Bitcoin and the mechanics of blockchains The main topics that we discussed during the June 5 Roundtable were related with the birth and history of Bitcoin and the basic technology that make blockchains work. During the one hour discussion, we got to touch on technical topics such as hash functions, which is one of the elements that make a blockchain, a […]

Accounting

Mandatory English Financial Disclosures Coming

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English Financial Disclosures Coming!

Mandatory English Financial Disclosures Coming to the Tokyo Stock Exchange Starting with English disclosures of quarterly financial information A Nikkei article on March 15, 2019 caught our attention. “Tokyo Stock Exchange to reduce first section listings by 30% – Market cap requirement to be raised and English disclosures mandated” https://asia.nikkei.com/Business/Markets/Tokyo-Stock-Exchange-to-reduce-first-section-listings-by-30 There is an ongoing deliberation at the Tokyo Stock Exchange to reduce the number of companies listed on the first […]

Cryptocurrencies

New Crypto Regulation Coming

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New Crypto Regulation Coming

New Crypto Regulation Coming: Make Room for the Financial Instruments and Exchange Act We attended the 2019 Japan International Banking & Securities System Forum The event was heavily focused on Cryptos, Blockchains and DLTs (Distributed Ledger Technologies). This is apparent from the speakers and sponsors of the event. One of the topics that was being discussed in a panel titled “Blockchain/DLT for Financial Trading” was implementing DLTs to perform the […]

Cryptocurrencies

JVCEA (Japan Virtual Currency Exchange Association) Releases Statistics on Japanese Crypto Exchanges

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1812-monthly-crypto-stats

JVCEA (Japan Virtual Currency Exchange Association) Releases Statistics on Japanese Exchanges We visualized some interesting data that was released by the JVCEA on February 20, 2019 The stats released by the JVCEA is a compilation of December 2018 transaction data provided by the members of the association. XRP stands out as the most popular coin in Japan Looking at the data, XRP makes up more than half (51.45%) of the […]