Blockchain and cryptocurrencies are relatively new topics in Business courses in general and in Accounting course specifically. This case allows students to interact with cryptocurrencies. Specifically, the case study is used as a hands-on tool to teach students cryptocurrency-related terminologies and how they are related, including Blockchain, cryptocurrencies, Ethereum, GWEI, faucets, gas, and Digital Wallets. Further, it shows students the tax implications of using cryptocurrencies as they are considered as property, and all price fluctuation should be considered as capital gains or losses in every transaction, requiring special attention when filing income taxes.
No prerequisite knowledge is expected. At the end of the case, students will have their own digital wallets, their own cryptocurrency, smart contract, and will have used the currency they created. This case can be used to introduce the complex concepts that are needed in creating initial coin offerings, for which a deeper strategic view is needed....
