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Author: Wei Xiang

  • [SGTech] Vietnam Market Entry Playbook 2024

    [SGTech] Vietnam Market Entry Playbook 2024

    Wei Xiang

    Vietnam Market Landscape Overview Vietnam ICT Market Opportunities & Challenges Read more

  • CLASSIFICATION OF CRYPTO ASSETS UNDER MICAR – by Natalia Łątka

    CLASSIFICATION OF CRYPTO ASSETS UNDER MICAR – by Natalia Łątka

    Wei Xiang

    MiCAR groups crypto assets into 3 main categories, namely E-Money Tokens, Asset-Referenced Tokens, and Other Crypto Assets. Read more

  • [Bitwise] The Year Ahead: 10 Crypto Predictions for 2025

    [Bitwise] The Year Ahead: 10 Crypto Predictions for 2025

    Wei Xiang

    1, Ethereum, and Solana will hit new all-time highs, with Bitcoin trading above $200,000. 2. Bitcoin ETFs will attract more flows in 2025 than they did in 2024. 3. Coinbase will surpass Charles Schwab as the most valuable brokerage in the world, and its stock will top $700 per share. 4. 2025 will be the… Read more

  • [TRM] Global Crypto Policy Review & Outlook 2024/2025

    [TRM] Global Crypto Policy Review & Outlook 2024/2025

    Wei Xiang

    What shaped crypto policy in 2024? Waves of adoption Implementation of regulatory frameworks Out of the 24 jurisdictions we reviewed — representing about 70% of global crypto exposure — about 70% made progress implementing regulations. At the same time, policymaking continues apace, with over 60% of these jurisdictions introducing new policies or positions for digital assets.… Read more

  • [ISCA] Crypto Payments And Receipts Made Easier

    [ISCA] Crypto Payments And Receipts Made Easier

    Wei Xiang

    Crypto accounts receivable/accounts payable (AR/AP) software allows companies to bill crypto invoices and pay crypto suppliers easily. With so many different tokens on different chains, it is not easy to collect and pay in crypto. SOLUTION A: HEADQUARTERS (HQ.XYZ) HQ.xyz is founded by veterans who have been building the foundation of onchain finance since 2019.… Read more

  • [PROPELLER INDUSTRIES] The Statement of Digital Assets (SoDA)

    [PROPELLER INDUSTRIES] The Statement of Digital Assets (SoDA)

    Wei Xiang

    In the past, crypto assets were treated as indefinite-lived intangible assets, subject only to impairment and not marked to market. However, with the issuance of FASB ASU 2023-08, certain digital assets are now allowed to be reported at fair value. What is a Statement of Digital Assets? Bridging onchain holdings with US GAAP SoDA Development… Read more

  • [MarketsAble.com] Crypto ETFs Report – 2024 Q3

    [MarketsAble.com] Crypto ETFs Report – 2024 Q3

    Wei Xiang

    Read more

  • [standard chartered] Stablecoins: The first killer app

    [standard chartered] Stablecoins: The first killer app

    Wei Xiang

    Stablecoins are digital assets designed to maintain a stable value relative to fiat currencies or other assets. Initially, they were primarily used for trading, lending, and other activities on digital asset trading platforms. The total market capitalization of stablecoins has reached $163 billion, with Tether (USDT) and USD Coin (USDC) dominating the market. These stablecoins… Read more

  • [ONCHAIN ACCOUNTING] 2024 ULTIMATE CRYPTO ACCOUNTING GUIDE

    [ONCHAIN ACCOUNTING] 2024 ULTIMATE CRYPTO ACCOUNTING GUIDE

    Wei Xiang

    The diverse range of businesses and individuals in the crypto space, including exchanges, miners, investment funds, VCs, and others, underscores the growing importance of specialized crypto accounting services. These services are crucial for ensuring accurate financial reporting, tax compliance, and effective management of crypto-related activities. Here are our top five tips to get you started:… Read more

  • [BEOSIN] ANALYSIS OF THE BITFOREX INCIDENT

    [BEOSIN] ANALYSIS OF THE BITFOREX INCIDENT

    Wei Xiang

    On February 23, 2024, ZachXBT reported an outflow of approximately $56.5 million from BitForex’s hot wallets. The platform subsequently suspended withdrawal services, and its CEO had resigned a month earlier, leaving the platform with ineffective leadership and lack of updates. On March 4, the Hong Kong Securities and Futures Commission issued a warning stating that… Read more