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QuickBooks Guide: How to Account for Mining Income

blockpath - /pages/QuickBooks -

We will create a QuickBooks customer, and a custom rule for incoming payments, and then we will observe how this affects the accounting.

Create Mining Customer

QuickBooks requires us to attach a customer to any received payment transactions. Follow this guide to create a QuickBooks customer and sync them into Blockpath. Give the customer any recognizable name you would like.

[QuickBooks - [...]

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Stevenans5895 - /pages/CryptoAccounting

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TRANSAC

Stevenans5895 - /pages/QuickBooks

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CoinGecko

Stevenans5895 - /pages/QuickBooks

1DH2HKioLf8pkoYiZtaipfLv3f6DiFEMSZDiFEMSZ 19iqYbeATe4RxghQZJnYVFU4mjUUu76EA6 3EhDMtd17Ak9FPLUE9kCdSGtJKvw3tGihe

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Test

Stevenans5895 - /pages/QuickBooks

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Blockpath adds support for 156 fiat currencies

blockpath - /pages/Blockpath

Since interest for Blockpath's Explorer and QuickBooks integration has been growing outside of our USA market, we've made the move to now support almost every fiat currency globally.

This means you can now use any currency as your QuickBooks home currency, and you can also view your transactions in Blockpath with the current or historical exchange rates.

Full list of currencies Blockpath supports:

BTC : Bitcoin

bits : uBTC

mBTC : mBTC

sat : Satoshis

AED : UAE Dirham

AFN : Afghan [...]

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Somebody just accidentally sent $1 using a 3BTC fee!

mewald55 - /pages/BigFees

A huge mistake has led some Bitcoin user to gift a 3BTC fee to their $1 transaction that was sent December 2020.

$33291156ab79e9b4a1019b618b0acfa18cbdf8fa6b71c43a9eed62a849b86f9a

This can happen when someone tries to manually craft their own transaction data and accidentally swaps the send amount and fee amount. It could also happen when the full output is not used, the remaining unspent amount becomes a miner fee in the Bitcoin transaction format.

My guess is someone was very paranoid about [...]

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Bitcoin user loses 2 BTC in possible Electrum phishing attack

mewald55 - /pages/Stolen -

The reddit user "finalremedy" reported losing their 2.02729024 BTC ($39k) to a hacker last month after possibly following a fake update link for their Electrum client.

$b54a451c19e0a5e69c9c9bc0073d2499118bf574da254937ee698996f58181fb

The user stated they had originally mined the coins around 2013, and had been saving them for the future:

It's a real shame, I was really proud of owning these coins having mined them originally myself and I was hoping one day that I could split them between my [...]

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BTC

2badnot4me - /pages/QuickBooks

-----BEGIN PGP MESSAGE----- Version: Ipswitch PGP v12.7.0

hQQOAx4d4i+ekMaEEBAAsCRzDesg4plwbNfwcM7HnccBHDKu+Zp0KOgcYMVBc+xY 9kjZbw5FqeuW2yXQY1mkf2KPuCEMvgmXu4Dsw98Lm1R8EN8VCIcE/2NAzSpjHPgj paknuartAEufbI/PlbkQmBfKyQrYBYM7Y7ZF5mc9tGzarmeYh9cZHIejRPR8iTND tEWfl4rJY30lon2DvEio9cr6C1VHPtglrks8lF3JG3vAq0h5hZhlsCsGCESOhKUa AeZxZuzMgN3a1nEfENMuaM0/r0a0MMegD4U0bk5BEW/rq8dwBzxH4GvWl4EuvR0p BNeTVB1AucMvQj3Nju3Hbmez8XdpZ8+dkarlr+KZMLgksyKXQXnv1pDnimyyIWC3 VUpjbNQfayt4yqW870oYLFxfAlWTmLKKekHd8NTQAQJMMLLFNfXm

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1400 Bitcoins stolen after user updates Electrum with a malicious version.

mewald55 - /pages/Stolen -

An Electrum user reported an issue on the software's Github explaining how they had 1400 Bitcoins taken from their wallet after a malicious update was installed.

Quote of the user '1400BitcoinStolen':

I had 1,400 BTC in a wallet that I had not accessed since 2017. I foolishly installed the old version of the electrum wallet. My coins propagated. I attempted to transfer about 1 BTC however was unable to proceed. A pop-up displayed stating I was required to update my security prior to being [...]

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Reddit user seraf1990 has $350 stolen by Windows Clipboard malware

mewald55 - /pages/Stolen

A reddit user reported this week how their coins were stolen after attempting a transaction out of Binance. The user copied their deposit address from Coinbase, and after pasting and sending the coins from Binance, they discovered the malware had modified their clipboard's contents and replaced their deposit address with a look-alike address owned by the hacker:

$36cZUcWME52EF33Af8a6JCdm233jgmViXd

This malware can be countered by always double checking the address you paste from your [...]

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CryptoLocker - All Bitcoin Addresses - Complete Wallet Balance

blockpath - /pages/Stolen

All Bitcoin transactions and addresses for malware CryptoLocker

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Btcst.com User pirateat40 - All Bitcoin Addresses - Complete Wallet Balance

blockpath - /pages/Stolen

All Bitcoin transactions and addresses for user pirateat40 on Btcst.com, who stole $4.6M with their Ponzi Scheme.

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10xBitco.in - All Bitcoin Addresses - Complete Wallet Balance

blockpath - /pages/Stolen

All Bitcoin transactions and addresses for the historical cryptocurrency scam 10xBitco.in

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414 BTC ($4.5M) CWT Ransom Payment Tracking

mewald55 - /pages/Stolen -

Travel giant CWT just payed 414 BTC to have 2 TB of company data unencrypted, after it it was taken hostage by an encryption script deployed by hackers.

Here, we are tracking where the payment goes. We can see on July 28 the ransom payment was sent. $7605abd7afa8a4b851d393a682bf845cb70715da38ba15df3fde67455cb6f4f7

The hackers began moving the coins 2.5 hours after the payment, first by sending a 1 BTC test send to their new wallet $58a22a5a40a8cb98df8398567f33402c577affbb8d3d0c993fa17289c24d

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QuickBooks Guide: Add Customers to Contact Book

blockpath - /pages/QuickBooks -

Blockpath's Contact Book allows you to import your customers and contacts from QuickBooks and assign their names to Bitcoin addresses to simplify accounting.

QuickBooks - Contact Book - Sync QB Customers

When attached to a transaction, the customer will be used as the source of an Invoice, Payment, or Sales Receipt in QuickBooks.

To add a contact, navigate to the "Sales" tab within QuickBooks, create a customer with payment [...]

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QuickBooks Guide: Specify Tax Code for QuickBooks Invoices, Payments, and Sales Receipts

blockpath - /pages/QuickBooks -

Blockpath now allows you to specify which QuickBooks tax code should be applied to each crypto transaction imported.

Blockpath - Select a Tax Code for the Transaction

These tax codes are synced from sales tax codes you've created within the QuickBooks Tax tab. The tax code can be manually set for each transaction during an individual publish, or you can save the tax code into a Blockpath Rule to automatically apply it in the future.

By [...]

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Blockpath: Embed a Bitcoin Address Widget in your Website or Blog!

blockpath - /pages/Blockpath

Use Blockpath's database for free to provide an address summary widget for your website or blog.

Just embed a small block of code in your website, and you'll immediately have any address's balance, received, sent, first date, last date, and transaction count shown on your page. It will be safely contained in an IFrame to easily give your users up-to-date blockchain data.

Bitcoin Data - Embedded IFrame

Just enter the bitcoin address that [...]

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Blockpath's Bitcoin Price Converter Tool can now use historical exchange rates!

blockpath - /pages/Blockpath -

Our Bitcoin Price Converter can now use historical exchange rates when converting between any of the following currencies!

Bitcoin, mBTC, uBTC, Satoshis, US Dollar, Chinese Yuan, Japanese Yen, Pound Sterling, Euro, Thai Baht, and Canadian Dollar.

Use the date selector to choose a date, and the tool will fetch and use the exchange rate on that day.

Use the Bitcoin Exchange Rate Calculator Here

It can even use 2 historical rates for [...]

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A Message From Blockpath's Founder

blockpath - /pages/Blockpath -

I would like to explain why Blockpath has had little to no improvements over the last year.

In April 2019, I contracted a serious infection from food while traveling overseas. It left me incredibly sick for the next 15 months, with strong fatigue, brain fog, and confusion that made it impossible for me to even try to work on Blockpath.

Long story short, I visited about 15 doctors around the world, did every test I could find, and everything always came back negative. Every doctor told me it [...]

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76A9148E450ECAC1B8556D05F101CAC3A3793B1ACFA26188AC

bob - /pages/altgeneral

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Nice

robertmole - /pages/QuickBooks

Nice

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Donation

hemantsharma1319 - /pages/Donations

Received donation

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Announcing Blockpath's Tax Prep Tool!

blockpath - /pages/CryptoAccounting -

Blockpath is excited to expand our offerings for professional accountants and crypto traders with the announcement of our new Tax Prep Integration.

Blockpath Tax Prep

This tool handles all crypto currencies, over 120 exchanges, and unlimited trades, with a focus on privacy: all the tax calculations and data sourcing occurs directly in your browser! None of your trade history, API exchange keys, or tax reports ever touch [...]

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Tax Prep Guide: Trade Spreadsheet Import Format

blockpath - /pages/CryptoAccounting -

To upload exchange trades, deposits, and withdrawals into Blockpath's tax prep tool, you can import an Excel spreadsheet .xlsx file containing the trades. We've tried to make the format as simple as possible, so it will be easier to format your data correctly for our tool.

Below are the 8 columns of data necessary.

The first row in the document is assumed to be a headers row, and it will be ignored.

You can use our [template document here](https://blockpath.com/staticmedia/xlsx/blockpathtaxpr

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