CRA was retained by counsel in a class certification matter to opine on whether it was possible to use a common methodology to calculate gains and losses from a digital asset’s trades. CRA’s expert Dr. Mukarram Attari opined about the information necessary to determine actual gain or loss. CRA’s team also inspected publicly available price data on various purchase and sale dates to assess indicative gains and losses. The judge certified class but limited the geographical scope to US purchasers of the digital asset.
The economics of Bitcoin mining
The recent Bitcoin halving event, or “the halvening” on April 20, 2024, reduced the rate of creation of new Bitcoins, a reward earned by Bitcoin miners, by...