Cryptocurrency is accounting coordination: Selfish mining and double spending in a simple mining game

Barros, Fernando C.; Bertolai, Jefferson Donizeti Pereira; Carrijo, Matheus

doi:10.1016/j.mathsocsci.2023.02.004

Cited by 2 publications

(6 citation statements)

References 9 publications

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“…The initial obtaining or mining of crypto assets is described as a laborious and costly process, affecting the accounting treatment (Murayskyi and Shevchuk 2018;Luo and Yu 2022;Zadorozhnyi, Murayskyi and Shevchuk 2018;Harrast, McGilsky and Sun 2022;Barros, Bertolai and Carrijo 2023;Makurin 2023). This ambiguity demands a clear indication of how cryptocurrencies should be accounted for in financial records.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The approach to accounting at reevaluation model, for the fair value of cryptocurrencies and addressing exchange rate differences is discussed by Yan, Yan and Gupta (2022), Beigman et al (2023), and Hubbard 2023 Moreover, some key aspects such as crypto-mining and taxation are adressed, suggesting that these are significant areas within the broader context of financial accounting for digital assets (Angeline et al 2021). Makurin et al (2023) assume that the rapidly developing digital markets display a lack of preparedness in the accounting and taxation field for reflecting transactions involving cryptocurrencies.…”

Section: Literature Reviewmentioning

confidence: 99%

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Cryptocurrencies Impact on Accounting: Bibliometric Review

Lazea,

Bunget

2024

Preprint

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This bibliometric study explores the cryptocurrency accounting (CA) literature and the connections between authors, institutions, and countries, in the context in which cryptocurrencies activity involves transactions that must be legally recognized in accountancy and adhere to tax compliance. The design involves data selection from Web of Science Core Collection, published between 2016 and 2023. Thus, the authors used the terms “cryptocurrency” and “accounting” to search based on the topic. The combination of analysis tools, VOSviewer, Biblioshiny, and Microsoft Excel, contribute to the originality of the study. The technique helps identify influential publications, collaboration networks, thematic clusters, and trends in research on CA. The findings highlight that even if the collaboration between the categories mentioned is not very developed, the innovation and public recognition of the subject could raise the interest of re-searchers. The limitation of the dataset consists in not covering all relevant publications in a different period from the one in which the data was retrieved, January 2024. Considering that the CA landscape is constantly changing, this review might need periodic updates.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Cryptocurrencies Impact on Accounting: Bibliometric Review

Lazea,

Bunget

2024

Preprint

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“…Similarly, Bonyuet (2020) talks about Big Four accounting firms actively advising on and developing blockchain solutions for financial accounting (Kokina et al 2017) and reporting on cryptocurrencies. More than that, the paper of Barros et al (2023) discusses decentralized accounting management regarding cryptocurrencies, highlighting the importance of coordination in updating accounting records. Abdennadher et al (2022) argue that blockchain technology presents a double win for the accounting profession (Atik and Kelten 2021;Pflueger et al 2022).…”

Section: Authorsmentioning

confidence: 99%

“…The diverse range of topics related to CA includes challenges in accounting for cryptocurrencies under existing financial standards (Pelucio-Grecco et al 2020;Smith et al 2019;Vasicek et al 2019), recognition and disclosure of cryptocurrencies (Bourveau et al 2022;Fomina et al 2019;Hubbard 2023;Jayasuriya and Sims 2023), characteristics and taxonomy of cryptocurrencies (Derun and Mysaka 2022;Yatsyk and Shvets 2020), costs of production (Barros et al 2023;Kolková 2018;Zadorozhnyi et al 2018), and valuation (Beigman et al 2023;Blahušiaková 2022;Jackson and Luu 2023;Morozova et al 2020;Niftaliyev 2023;Procházka 2018).…”

Section: Introductionmentioning

confidence: 99%

“…The acquisition of cryptocurrency through initial coin offerings (ICO) or mining is a laborious and costly process that affects accounting practices (Barros et al 2023;Harrast et al 2022;Makurin 2023;Luo and Yu 2022;Zadorozhnyi et al 2018). Additionally, crypto mining (Corbet et al 2020;Makurin et al 2023) and taxation (Bellucci et al 2022;Pelucio-Grecco et al 2020;Volosovych and Baraniuk 2018) are highlighted as significant areas in accounting for digital assets (Angeline et al 2021).…”

Section: Introductionmentioning

confidence: 99%

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Cryptocurrencies’ Impact on Accounting: Bibliometric Review

Lazea,

Bunget,

Lungu

2024

Risks

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This bibliometric study explores the cryptocurrency accounting (CA) literature and the connections between authors, institutions, and countries where cryptocurrency activity involves transactions that must be legally recognized in accounting, ensure accuracy and reliability for auditing, and adhere to tax compliance. The design involves the selection of data from Web of Science Core Collection (WoS) and Scopus, published between 2007 and 2023. The technique helps identify influential publications, collaboration networks, thematic clusters, and trends in research on CA using tools VOSviewer, Biblioshiny, and MS Excel. The originality of the study lies in its dual role as a support for accounting professionals and academics to develop innovative solutions for the challenges posed by crypto technology across core accounting areas: financial and managerial accounting, taxation, and auditing. The findings offer insights into the themes mentioned, and even if the collaboration between the authors is not very developed, the innovation and public recognition of the subject could raise researchers’ interest. The limitation of the dataset is that it does not cover all relevant publications in a different period from the one in which the data were retrieved, 9–11 May 2024. This review might need periodic updates because the CA landscape is constantly changing.

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Cryptocurrency is accounting coordination: Selfish mining and double spending in a simple mining game

Cited by 2 publications

References 9 publications

Cryptocurrencies Impact on Accounting: Bibliometric Review

Cryptocurrencies Impact on Accounting: Bibliometric Review

Cryptocurrencies’ Impact on Accounting: Bibliometric Review

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